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Net foreign selling of Vietnamese stocks may ease ahead of potential market upgrade in 2025

Set against a strong inflow of FDIs, the sell-off by foreign investors points to divergent views on the country’s growth outlook, analysts say

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Jamille Tran

Jamille Tran

Published Fri, Aug 30, 2024 · 05:00 AM
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    • A view of the Ho Chi Minh City Stock Exchange. Foreign investors have net sold an estimated US$3.5 billion in Vietnamese stocks since 2023, including US$2.4 billion in the first seven months of 2024.
    • A view of the Ho Chi Minh City Stock Exchange. Foreign investors have net sold an estimated US$3.5 billion in Vietnamese stocks since 2023, including US$2.4 billion in the first seven months of 2024. PHOTO: JAMILLE TRAN, BT

    [HO CHI MINH CITY] Robust foreign direct investment (FDI) inflows have stood in contrast with a shrinking proportion of shares owned by foreign investors in Vietnam’s stock market. This proportion fell to a 10-year low following consistent net selling since 2023.

    This points to foreign investors’ divergent views on the country’s short-term and long-term growth drivers.

    Quan Trong Thanh, head of research at Maybank Investment Bank Vietnam (MSVN), said: “Normally when FDIs come in, it would raise the attention for portfolio investments to follow.”

    VietnamAseanAsean Businessinvestment fundInvestment outlook

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