![\"In](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/09\/vietnam-the-investor-2030.jpg\")
In two years, equity funds withdrew nearly VND65 trillion, or 45% of foreign investors\u2019 net selling, highlighting pressure despite market gains. Photo courtesy of VNA. <\/p>\nBy
\n Vietnam News Agency
\n <\/p>\n
Wed, September 24, 2025 | 10:39 pm GMT+7<\/p>\n
Equity funds in Vietnam recorded their largest outflow in two years in August, according to data from financial data provider FiinGroup.<\/p>\n
In two years, equity funds withdrew nearly VND65 trillion, or 45% of foreign investors\u2019 net selling, highlighting pressure despite market gains. Photo courtesy of VNA. <\/p>\n
Out of 74 equity funds, 47 funds, including open-ended, closed-end and ETFs, faced withdrawals worth VND8.5 trillion ($321 million). Net inflows at the remaining 27 funds, worth only VND793 billion ($30.02 million), were not enough to offset the loss.<\/p>\n
The total net outflow reached VND7.6 trillion ($287.67 million), the highest since August 2023 and even above the record in July 2024.<\/p>\n
The heaviest pressure came from Fubon FTSE Vietnam ETF, K Vietnam Equity and VEIL. Dragon Capital\u2019s ETFs \u2013 DCVFMVN30 (E1VFVN30) and DCVFMVN Diamond (FUEVFVND) \u2013 also saw large outflows, mainly from Thai investors cutting holdings through depositary receipts.<\/p>\n
In August, Thai investors sold VND643.7 billion of DRs based on E1VFVN30 and VND938.4 billion of DRs based on FUEVFVND, accounting for 87% and 84% of the funds\u2019 outflows. Most sales targeted large-cap stocks such as banks (ACB, VCB, TCB) and retailers (MWG).<\/p>\n
In the past two years, equity funds have seen net withdrawals of nearly VND65 trillion ($2.46 billion), equal to 45% of foreign investors\u2019 total net selling on the stock market, showing rising pressure despite positive market movements.<\/p>\n
The VN-Index jumped nearly 12% in August, led by banking, securities and real estate stocks.<\/p>\n
However, bond funds moved in the opposite direction. They posted a net inflow of VND759 billion ($28.76 million) in August, the third straight month of gains, though 41.7% lower than in July.<\/p>\n
Over the past 12 months, bond funds attracted nearly VND6.5 trillion ($246.04 million), mostly domestic money. Large funds such as MBAM, ABBF and DCIP led the trend, with MBAM alone reporting over VND257 billion ($9.73 million) in August, the highest since its launch.<\/p>\n
Fund managers also shifted cash holdings. In August, 21 out of 34 funds cut their cash ratios, reflecting more positive sentiment.<\/p>\n
Big funds like VFMVSF, VLGF and DCDS reduced cash, while others such as VESAF and VOF raised cash for the second month to lock in profits.<\/p>\n
On the stock side, MBB was the most bought stock by funds, reversing July\u2019s selling. Demand came from PYN Elite, which raised its stake to 11.8%, and several ETFs. Smaller banks such as OCB, HDB and STB also attracted buying, with STB seeing PYN Elite increase its stake to 18.8%.<\/p>\n
Meanwhile, TCB and ACB continued to be sold for the third month in a row, with TCB leading in net sales. SSI also returned to the top-sell list after two months of net buying.<\/p>\n","protected":false},"excerpt":{"rendered":"By Vietnam News Agency Wed, September 24, 2025 | 10:39 pm GMT+7 Equity funds in Vietnam recorded…\n","protected":false},"author":2,"featured_media":157793,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[84,72019,4803,467,72020,17271,56,54,55,5673],"class_list":{"0":"post-157792","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-equity-funds","10":"tag-market","11":"tag-markets","12":"tag-outflow","13":"tag-southeast-asia","14":"tag-uk","15":"tag-united-kingdom","16":"tag-unitedkingdom","17":"tag-vietnam"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/157792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=157792"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/157792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/157793"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=157792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=157792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=157792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}