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During the week of 20–24 April 2026, capital flows through ETFs investing in Vietnam recorded net inflows of more than VND 469 billion after seven weeks of net withdrawals. Net inflows were seen in 12 of 26 funds, with activity concentrated mainly in domestic ETFs.
Domestic ETFs posted net inflows of more than VND 517 billion, largely concentrated in the VFMVN Diamond ETF, which recorded net inflows of +VND 581 billion. By contrast, the VFM VN30 ETF saw net outflows of nearly VND 57 billion. The VinaCapital VN100 ETF and the SSIAM VN30 ETF also recorded net outflows of more than VND 2 billion each.
Foreign ETFs recorded mild net withdrawals of around VND 48 billion, mainly from the Fubon FTSE Vietnam ETF, which posted net outflows of -VND 229 billion. In the same period, the Xtrackers Vietnam ETF attracted net inflows of more than VND 196 billion.
Flows via depository receipts (DRs) from Thailand showed mixed activity. Thai investors sold 730,000 DRs of the VFM VN30 ETF (ticker E1VFVN3001), equivalent to net outflows of over VND 26.3 billion. Conversely, investors bought 140,000 DRs of the VFM VNDiamond ETF (FUEVFVND01), equivalent to VND 5.3 billion.
In April 2026, ETF funds recorded net outflows of more than VND 577 billion, bringing the year-to-date net outflow to nearly VND 3,000 billion. As of 23 April, the total net asset value (NAV) of funds allocated to the Vietnam market stood at over VND 62.6 trillion, down 5.4% from end-2025.
During the week, the top stocks bought by funds included GMD, MWG, PNJ, GAS, and FPT, with buying mainly driven by inflows into the domestic VFM VNDiamond ETF. On 28 April 2026, the Fubon FTSE Vietnam ETF recorded net outflows of more than VND 47 billion and continued selling stocks in its holdings.
The top sold stocks on 28 April included:
The VFM VN30 ETF and the VEM VNMIDCAP ETF had no cash-flow movements. FPT was bought by ETFs for 7.2 million shares.
Despite ongoing ETF capital outflows, the top three stocks in the VNDiamond basket are set to be bought the most by ETFs, totaling more than VND 12 trillion.
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