Vietnam's HOSE-listed ETF complex closed the 26 October 2026 session on the back foot, with the VN-Index at 1,763.55 points (-0.60%) and the VN30-Index at 1,889.53 points (-0.92%). Across the 24 HOSE ETFs tracked on etf.com.vn's market hub, 5 advanced, 14 declined and 5 were unchanged, on total trading value of 18.71B VND against aggregate ETF AUM of 23.13T VND. Price-to-VWAP dispersion was narrow but uniformly negative for the three flagship benchmark trackers — a sign that supply built into the close rather than into the open.
Key Takeaways
- E1VFVN30 closed at 34,000 VND (-1.19%), 0.23% below its 34,078 VND intraday VWAP, on 277,000 units and -2.57B VND of foreign net selling.
- FUEVFVND printed 32,600 VND (-0.91%) versus a 32,712 VND VWAP (-0.34%), absorbing -4.06B VND of foreign net selling on the order book despite a +23.07B VND five-session cumulative inflow.
- FUESSVFL was the weakest of the trio at -1.62% to 28,520 VND against a 28,616 VND VWAP, yet foreign investors were marginal net buyers (+0.09B VND); market-wide HOSE ETF foreign net flow was -7.35B VND.
Price vs VWAP: Where the Liquidity Actually Sat
Intraday VWAP is the cleanest read on where institutional size transacted. When a fund closes below VWAP, the marginal seller controlled the tape into the close.
E1VFVN30: 34,000 VND vs 34,078 VND VWAP
The DCVFMVN30 ETF, detailed on its product page, traded 277,000 units — the heaviest turnover in the large-cap VN30 cohort — but finished 0.23% under VWAP. Its -1.19% one-day decline outpaced the -0.92% VN30-Index fall, implying a small discount expansion, with AUM at 5,879B VND.
FUEVFVND: The Deepest Pool, Still Below VWAP
The DCVFMVN Diamond ETF closed 0.34% below its 32,712 VND VWAP on 225,300 units. With 10,559B VND in AUM, it remains Vietnam's largest single ETF by assets; see the fund profile for the VN-Diamond basket, where FPT (15.1%), PNJ (12.8%) and MWG (12.4%) dominate.
FUESSVFL: Financials Led the Downside
The SSIAM VNFIN LEAD ETF fell -1.62% to 28,520 VND on thin 8,400-unit volume, 0.34% below VWAP. Its TCB (14.8%), ACB (14.2%) and MBB (13.6%) core explains the beta to bank weakness. Full constituents sit on the FUESSVFL page.
Foreign Flow: Secondary Market Order Book vs Primary Market
According to HOSE / VCI order-book data on etf.com.vn, foreign investors bought 5.25B VND and sold 12.60B VND across HOSE ETFs, a net -7.35B VND. This is secondary-market matched trading only; it is distinct from primary-market creation and redemption activity, which does not appear in the tape and can move AUM without touching VWAP.
Comparative Snapshot, Session 26/10/2026
| Ticker | Close (VND) | 1D | VWAP (VND) | vs VWAP | Volume | Foreign 1D | AUM |
|---|---|---|---|---|---|---|---|
| E1VFVN30 | 34,000 | -1.19% | 34,078 | -0.23% | 277,000 | -2.57B | 5,879B |
| FUEVFVND | 32,600 | -0.91% | 32,712 | -0.34% | 225,300 | -4.06B | 10,559B |
| FUESSVFL | 28,520 | -1.62% | 28,616 | -0.34% | 8,400 | +0.09B | 605B |
| FUESSV30 | 23,990 | -0.58% | 23,983 | +0.03% | 25,100 | -0.55B | 257B |
| FUEKIV30 | 13,040 | +0.31% | 13,017 | +0.17% | 4,300 | +0.02B | 2,307B |
What the VWAP Skew Signals for Allocations
Small discounts, no dislocation
Sub-0.5% price-to-VWAP gaps across all three flagships indicate orderly, liquid secondary trading rather than stress. The standout was FUEMAVND, which closed 2.27% above its 13,640 VND VWAP on just 300 units — a liquidity artefact, not a signal. Investors comparing structures can use our ETF comparison tool and browse the full product universe.
Frequently Asked Questions
1. What does E1VFVN30 trading below its VWAP mean?
E1VFVN30 closed at 34,000 VND against a 34,078 VND intraday VWAP, a -0.23% gap. This means the volume-weighted average transaction occurred above the closing print, indicating sellers dominated the final part of the 26/10/2026 session.
2. Which of the three ETFs saw the heaviest foreign selling on October 26, 2026?
FUEVFVND, with -4.06B VND of foreign net selling on the HOSE order book, versus -2.57B VND for E1VFVN30 and +0.09B VND for FUESSVFL. Market-wide HOSE ETF foreign net was -7.35B VND.
3. Are these foreign flows the same as ETF creation and redemption?
No. The figures reflect secondary-market matched trading per HOSE / VCI order-book data. Primary-market creation and redemption are separate mechanisms and are not captured in the VWAP or foreign net trading statistics.
Screen live fund flows and VWAP data on our market dashboard, model allocations with the portfolio builder, or run a personalised comparison via the stock lookup tool.
Disclaimer: This content is for informational purposes only and does not constitute personal investment advice.