The HOSE session of October 28, 2026 closed with the VN-Index at 1,766.65 points (+0.27%) and the VN30-Index at 1,890.22 points (+0.10%), a narrow-advance tape in which all three flagship ETFs settled above their intraday VWAP. Across the 24-fund HOSE ETF universe, 6 advanced, 8 declined and 10 were unchanged, on total trading value of 12.64B VND against total ETF AUM of 23.10T VND, according to HOSE / VCI order-book data on etf.com.vn.
Key Takeaways
- FUESSVFL led the trio with a +1.03% close at 28,490 VND versus an intraday VWAP of 28,266 VND — a +0.79% closing premium to VWAP, the strongest of the three.
- E1VFVN30 closed marginally lower at 33,990 VND (-0.03%) yet still printed +0.43% above its 33,844 VND VWAP, while FUEVFVND closed 32,500 VND (+0.68%), +0.58% above its 32,313 VND VWAP.
- Foreign secondary-market flow was net positive at +0.72B VND market-wide (buy 5.39B / sell 4.68B), with E1VFVN30 absorbing +1.54B VND while FUEVFVND recorded -1.32B VND.
Session Recap: Closes Above VWAP on a Modest Index Advance
Closing prints versus session VWAP
All three funds closed above their volume-weighted average price — a signature of late-session demand rather than early-session distribution. FUESSVFL finished at 28,490 VND (+1.03%) against a 28,266 VND VWAP; FUEVFVND at 32,500 VND (+0.68%) against 32,313 VND; E1VFVN30 at 33,990 VND (-0.03%) against 33,844 VND. The pattern matters for execution: buyers who traded at the average paid less than the close, while the -0.03% headline on E1VFVN30 masks a positive +0.43% intraday drift relative to VWAP.
Comparative VWAP and Liquidity Dashboard
Liquidity concentration remains with the two DCVFM funds
E1VFVN30 printed 198,000 units and FUEVFVND 127,200 units, versus just 12,300 units for FUESSVFL — turnover is roughly 16x larger in E1VFVN30. Premium-to-VWAP dispersion elsewhere in the market was wider still: FUEDCMID closed +1.99% above VWAP and FUESSV30 +1.46%, while FUEIP100 finished -0.70% below.
| Ticker | Fund | Close (VND) | 1D | Intraday VWAP | Close vs VWAP | Volume (units) | Foreign Net 1D | AUM |
|---|---|---|---|---|---|---|---|---|
| E1VFVN30 | DCVFMVN30 ETF | 33,990 | -0.03% | 33,844 | +0.43% | 198,000 | +1.54B VND | 5,880B VND |
| FUEVFVND | DCVFMVN Diamond ETF | 32,500 | +0.68% | 32,313 | +0.58% | 127,200 | -1.32B VND | 10,527B VND |
| FUESSVFL | SSIAM VNFIN LEAD ETF | 28,490 | +1.03% | 28,266 | +0.79% | 12,300 | -0.09B VND | 604B VND |
| FUESSV30 | SSIAM VN30 ETF | 24,000 | +0.00% | 23,655 | +1.46% | 23,700 | +0.33B VND | 257B VND |
| FUEKIV30 | KIM Growth VN30 ETF | 12,990 | +0.00% | 12,872 | +0.91% | 10,300 | +0.13B VND | 2,298B VND |
| FUEVN100 | VinaCapital VN100 ETF | 24,840 | +1.39% | 24,702 | +0.56% | 22,100 | -0.04B VND | 700B VND |
Foreign Flows: Secondary Order Book vs Primary Creation
HOSE-matched foreign trading
Foreign investors bought 5.39B VND and sold 4.68B VND of HOSE-listed ETF units, a net +0.72B VND, per VCI order-book data on etf.com.vn. E1VFVN30 took +1.54B VND net (5D: -0.34B VND), while FUEVFVND saw -1.32B VND net on the day even as its 5-day cumulative reading stands at +14.49B VND. FUESSVFL was effectively flat at -0.09B VND (5D: -0.05B VND).
Primary-market caveat
These figures measure secondary-market matched value on HOSE only. They are not ETF creation or redemption flows; basket creation activity is settled with the fund issuer and does not appear in the exchange order book. FUEVFVND's 10,527B VND AUM and E1VFVN30's 5,880B VND are stock estimates, not same-day creations.
Positioning Implications and FAQs
Reading the VWAP premium
A close above VWAP on a +0.27% index day indicates buyers were active into the close rather than fading strength. With E1VFVN30 heavy on FPT (12.4%), TCB (9.2%) and ACB (8.6%), FUEVFVND on FPT (15.1%), PNJ (12.8%) and MWG (12.4%), and FUESSVFL on TCB (14.8%), ACB (14.2%) and MBB (13.6%), the premium dispersion is largely a function of basket composition and size, not tracking error. Compare live spreads on our ETF comparison tool, screen flows on the market dashboard, review E1VFVN30, FUEVFVND and FUESSVFL fund pages, or build allocations via the portfolio builder and full ETF product list.
Frequently Asked Questions
1. Which of the three ETFs closed highest above its VWAP on October 28, 2026?
FUESSVFL, at +0.79% above its 28,266 VND VWAP with a 28,490 VND close, ahead of FUEVFVND (+0.58%) and E1VFVN30 (+0.43%).
2. Did foreign investors buy or sell these ETFs on the session?
Net market-wide foreign flow was +0.72B VND. E1VFVN30 recorded +1.54B VND net buying, while FUEVFVND and FUESSVFL recorded -1.32B VND and -0.09B VND respectively, per HOSE/VCI matched order-book data.
3. Is a close above VWAP the same as a premium to NAV?
No. VWAP is the session's volume-weighted traded price, not net asset value. A close above VWAP reflects intraday demand; NAV premium or discount requires the fund's published iNAV, which is a separate primary-market metric.
Disclaimer: This content is for informational purposes only and does not constitute personal investment advice.