Vietnam's HOSE ETF market is in its morning session on 28/10/2026, with the VN-Index at 1,763.60 points (+0.10%) and the VN30-Index flat at 1,888.40 (+0.00%). Against that backdrop, the three flagship domestic ETFs are currently trading within a tight band around the intraday VWAP levels carried over from the 27/10/2026 order book — a narrow but analytically useful dispersion.
Key Takeaways
- E1VFVN30 is currently trading at 33,850 VND, 0.14% (49 VND) below its intraday VWAP of 33,899 VND — the widest discount of the three flagship funds.
- FUEVFVND trades at 32,350 VND, 0.12% above a 32,313 VND VWAP, while FUESSVFL sits at 28,290 VND, 0.31% above its 28,203 VND VWAP.
- Aggregate HOSE ETF turnover stands at 5.10B VND across 24 funds, with foreign investors net sellers of -1.23B VND (buy 1.28B / sell 2.50B) on the secondary market.
VWAP Dispersion Across the Three Flagship ETFs
E1VFVN30: a discount to intraday fair value
E1VFVN30 is trading at 33,850 VND, down 0.44% on the day and 0.14% below its intraday VWAP of 33,899 VND, on 55,100 units. The fund carries an estimated AUM of 5,856B VND and remains 1.83% higher over one week despite being -6.10% YTD. The full metrics are available on the E1VFVN30 product page.
FUEVFVND and FUESSVFL: modest premiums
FUEVFVND is trading at 32,350 VND (+0.22%), 0.12% above its 32,313 VND VWAP, with the session's heaviest flagship volume at 86,500 units and AUM of 10,478B VND. FUESSVFL is at 28,290 VND (+0.32%), 0.31% above a 28,203 VND VWAP, on 5,800 units and 600B VND AUM. Both premiums point to slightly firmer bid-side pressure than the VN30 complex — see FUEVFVND and FUESSVFL.
| Ticker | Price (VND) | Intraday VWAP | Gap vs VWAP | 1-Day | Volume | Foreign Net 1D | AUM |
|---|---|---|---|---|---|---|---|
| E1VFVN30 | 33,850 | 33,899 | -0.14% | -0.44% | 55,100 | +0.07B | 5,856B |
| FUEVFVND | 32,350 | 32,313 | +0.12% | +0.22% | 86,500 | -1.25B | 10,478B |
| FUESSVFL | 28,290 | 28,203 | +0.31% | +0.32% | 5,800 | +0.00B | 600B |
| FUESSV30 | 23,990 | 23,866 | +0.52% | -0.04% | 1,000 | -0.01B | 257B |
| FUEVN100 | 24,550 | 24,658 | -0.44% | +0.20% | 7,900 | -0.09B | 692B |
| FUEIP100 | 13,080 | 12,840 | +1.87% | +2.51% | 300 | +0.00B | 65B |
Secondary-Market Foreign Flow vs Primary-Market Creation
Order-book data, not fund flows
According to HOSE / VCI order-book data on etf.com.vn, the -1.23B VND headline is secondary-market foreign net trading value on HOSE — it is not a primary-market ETF creation/redemption flow and should not be read as fund-level AUM attrition. FUEVFVND accounts for -1.25B VND of the one-day net sell, yet its 5-day foreign net remains +14.56B VND. E1VFVN30 is +0.07B VND on the day but -1.81B VND over five sessions, while FUESSVFL is flat at +0.00B VND on the day and +0.05B VND over five sessions.
Benchmark Context: The Baskets Behind the NAV
Where the three funds diverge
E1VFVN30 tracks a VN30 basket led by FPT (12.4%), TCB (9.2%), ACB (8.6%), HPG (8.4%) and VPB (7.5%). FUEVFVND follows the VN-Diamond basket with FPT (15.1%), PNJ (12.8%), MWG (12.4%), GMD (10.6%) and ACB (9.8%). FUESSVFL tracks VNFinLead, concentrated in TCB (14.8%), ACB (14.2%), MBB (13.6%), VPB (12.9%) and STB (11.4%). That financials tilt explains why FUESSVFL's premium can diverge from the VN30 funds on a flat VN30 session.
Frequently Asked Questions
1. How far did E1VFVN30 trade from its VWAP?
E1VFVN30 was trading at 33,850 VND, 0.14% (49 VND) below its intraday VWAP of 33,899 VND, on 55,100 units.
2. Which ETF showed the widest premium to VWAP?
Among all HOSE ETFs, FUEIP100 was widest at +1.87% (13,080 VND vs 12,840 VND). Of the three flagship funds, FUESSVFL led at +0.31%.
3. Does the -1.23B VND foreign net signal ETF redemptions?
No. It is secondary-market foreign net trading value on HOSE (buy 1.28B / sell 2.50B), separate from primary-market creation and redemption activity.
Compare live premiums, VWAP gaps and liquidity across all 24 HOSE ETFs on the ETF comparison tool, track index-level moves on the market dashboard, or build a rules-based allocation with the portfolio builder.
Disclaimer: This content is for informational purposes only and does not constitute personal investment advice.