HSX (the Ho Chi Minh City Stock Exchange) plans to announce the composition of the VNFin Lead and VN30 indices on July 13 and July 15, 2026, with the official effective date of August 3, 2026. Accordingly, index-tracking funds will rebalance the indices during the period of July 27 to July 31, 2026.
The changes stem from the planned index rebalancing schedule and the forthcoming official effective date. The rebalancing window for index-tracking funds is set for late July 2026 to align with the new index composition.
Mirae Asset Securities forecasts that MCH and TCX will be added to the VN30 index, as they meet the criteria by market capitalization, with MCH expected to rank in the top 10 and TCX in the top 20 by market cap. Meanwhile, given their positions at 36th and 38nd by market capitalization, PLX and TPB are likely to be removed from VN30 to make room for the changes. In addition, Mirae Asset suggests that VIC and VHM will also have their weights reduced to 15%, in line with the maximum cap for related stocks. Since the start of the year, the market capitalizations of VIC and VHM have risen significantly and contributed to the index's ascent.
Under the new index composition, the stocks with the largest contributing weights remain VIC (10%), HPG (8.4%), FPT (8.2%), MWG (6.8%), and LPB (5.3%), accounting for more than 39% of the index's total market capitalization. For ETF-tracking activity of VN30 indices (E1VFVN30, FUEMAV30, FUEKIV30, and FUESSV30), MASVN's analysts estimate that about 1 million shares of PLX and 5 million shares of TPB will be sold and replaced by 2.9 million shares of MCH and 1.4 million shares of TCX. LPB is likely to be removed from VNFin Lead; the new inclusions of VCK and TCX into VNFin Lead are expected to bring the total to 24 tickers, comprising 17 banking stocks and 7 securities companies. The stocks with the largest market capitalization weights in the current VNFin Lead index include VPB (13.8%), TCB (12.8%), STB (11.1%), and MBB (10.2%).
The rebalancing is expected to influence index-tracking funds and exchange-traded products that mirror the VN30 and VNFin Lead benchmarks, reflecting changes in stock weights and the overall composition of the indices.
Mirae Asset Securities’ forecast highlights that MCH and TCX meet market-cap criteria for VN30 inclusion, while PLX and TPB are positioned for removal. The anticipated weight adjustments for VIC and VHM to 15% each reflect their rising market capitalizations this year and the aim to cap related stock weights within the indices.
