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Net flows through exchange-traded funds (ETFs) investing in Vietnam registered a net outflow of more than VND 212 billion in the latest week, widening from the prior week’s net outflow of VND 139 billion. Outflows were recorded in 13 of 25 funds, with the largest pressure coming from the foreign ETF group.
The foreign ETF group recorded net outflows of more than VND 209 billion, concentrated mainly in the Fubon FTSE Vietnam ETF, which saw net outflows of -VND 233.5 billion. In contrast, the Xtrackers Vietnam Swap UCITS ETF 1C attracted net inflows of over VND 31 billion.
Domestic ETFs posted smaller net outflows of more than VND 2 billion. The main contributors were the VFM VN30 ETF (-VND 14.1 billion) and the Vina Capital VN100 ETF (-VND 7.8 billion). Meanwhile, the VFM VNMIDCAP ETF and the VFMVN Diamond ETF recorded inflows of VND 11 billion and over VND 7 billion, respectively.
Cash flows from Thailand via depository receipts (DRs) showed that Thai investors sold 70,000 DRs in the VFM VN30 ETF (ticker E1VFVN3001), equivalent to more than VND 2.5 billion.
In April 2026, ETF funds recorded net outflows totaling more than VND 985 billion, bringing year-to-date net outflows to over VND 3.3 trillion. As of April 17, the combined net asset value of ETFs allocated to the Vietnamese market stood at over VND 61.8 trillion, down 6.7% versus 2025.
In the week of 13–17/4, the top stocks sold by funds included VIC, VHM, HPG, VCB, and MSN, mainly due to selling by the Fubon FTSE Vietnam ETF.
On 20/4/2026 alone, the Fubon FTSE Vietnam ETF posted net outflows of more than VND 23 billion and continued selling holdings. The largest decliners were:
Other ETF flow highlights included the VFM VN30 ETF with net outflows of more than VND 14 billion, the VFMVN Diamond ETF with net inflows of more than VND 3 billion, and the VEM VNMIDCAP ETF with no cash-flow changes.
Market-wide liquidity for the week reached VND 27.385 trillion, up 3.1% week-on-week, while matched liquidity rose a modest 0.2% to VND 22.72 trillion. Liquidity for the first part of April stood at VND 27.247 trillion, down 19.5% versus March 2026 but up 6.6% versus April 2025. Year-to-date, total market liquidity reached VND 32.895 trillion, up 13.85% from the 2025 annual average.
Foreign selling totaled VND 4.475 trillion, marking the fifth consecutive week of outflows. In March, foreigners sold a total of VND 17.485 trillion; since the start of April, foreigners have net sold VND 6.753 trillion, and year-to-date net selling reached VND 38.788 trillion (about $1.49 billion). In 2025, foreigners recorded record net outflows of VND 135.329 trillion (about $5.2 billion), the third consecutive year of net selling in a 5/6-year period.
In the past week, foreigners bought VIC (+VND 1.400 trillion), HPG (+VND 264 billion), and SSI (+VND 245 billion), while selling VHM (-VND 3.800 trillion), FPT (-VND 1.176 trillion), BID (-VND 173 billion), among others.
Proprietary trading by domestic brokerage firms bought net in SHB (+VND 540 billion), MWG (+VND 171 billion), and KBC (+VND 145 billion), while selling net for VIC (-VND 137 billion), VRE (-VND 106 billion), and VHM (-VND 96 billion).
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