Vietnam's ETF complex is trading defensively mid-morning on 27 October 2026 even as the underlying benchmarks hold gains: the VN-Index sits at 1,768.19 points (+0.26%) and the VN30-Index at 1,893.43 (+0.21%), yet only 2 of the 24 HOSE-listed funds are advancing versus 10 decliners and 12 unchanged, on total ETF turnover of 3.67B VND. All prices below are live matched prints from the morning session — not closing prices. The full board is on our market page.
Key Takeaways
- E1VFVN30 prints 33,940 VND (−0.18%), just 0.04% below its 33,952 VND intraday VWAP, on the heaviest focus-fund volume of 61,200 units.
- FUEVFVND trades 32,470 VND (−0.40%), 0.02% under a 32,477 VND VWAP, and is the only focus fund with a positive 5-day foreign net position (+17.33B VND).
- FUESSVFL sits at 28,400 VND (−0.42%) versus a 28,403 VND VWAP (−0.01%) on only 1,500 units, while aggregate HOSE ETF foreign net is −1.15B VND (buy 0.55B / sell 1.70B).
VWAP Deviation: Reading Execution Quality, Not Direction
E1VFVN30 — deepest tape, tightest anchor
E1VFVN30 is trading at 33,940 VND, −0.18% on the day and −0.04% against its 33,952 VND intraday VWAP. With 61,200 units matched and estimated AUM of 5,868B VND, the fund carries the largest single-ticker liquidity in the focus set; the near-zero VWAP deviation indicates two-way flow absorbed without meaningful slippage. Its 1-week return is +3.69%, though the 1-month print remains −1.36% and YTD −5.76%.
FUEVFVND — near-zero dislocation on the Diamond basket
FUEVFVND is currently trading at 32,470 VND (−0.40%), 0.02% below a 32,477 VND VWAP, on 26,900 units. The fund remains the AUM anchor of the HOSE ETF universe at 10,517B VND — roughly 45.6% of the 23.05T VND aggregate.
FUESSVFL — thin volume, tight VWAP
FUESSVFL is currently trading at 28,400 VND (−0.42%), a mere 0.01% under its 28,403 VND VWAP, but on just 1,500 units and 602B VND of AUM. Thin tapes mean VWAP deviations are statistically noisy; treat the −0.01% as neutral rather than as a signal.
Side-by-Side: Focus ETF Metrics, Session 27/10/2026
| Ticker | Price (VND) | 1D | Intraday VWAP | Price vs VWAP | Volume | Foreign 1D / 5D (VND) | AUM (VND) |
|---|---|---|---|---|---|---|---|
| E1VFVN30 | 33,940 | −0.18% | 33,952 | −0.04% | 61,200 | −0.83B / −14.48B | 5,868B |
| FUEVFVND | 32,470 | −0.40% | 32,477 | −0.02% | 26,900 | +0.02B / +17.33B | 10,517B |
| FUESSVFL | 28,400 | −0.42% | 28,403 | −0.01% | 1,500 | −0.00B / −0.01B | 602B |
| FUEKIV30 | 12,920 | −0.92% | 12,920 | +0.00% | 200 | +0.03B / +0.44B | 2,286B |
| FUEVN100 | 24,800 | +0.28% | 24,714 | +0.35% | 10,900 | −0.22B / +2.34B | 699B |
Source: HOSE / VCI order-book data on etf.com.vn. Calculation conventions are in our methodology note.
Foreign Flow: Secondary Market Prints vs Primary Creation
What the −1.15B VND figure actually measures
According to HOSE / VCI order-book data on etf.com.vn, foreign investors bought 0.55B VND and sold 1.70B VND of listed ETF units on the secondary market, a net −1.15B VND. This is secondary-market net trading value on HOSE — it is not primary-market creation/redemption flow, and it does not change fund AUM directly. A negative secondary print can coexist with flat or positive units outstanding. Conversely, FUEVFVND's +17.33B VND 5-day secondary net is an order-book statistic, not a subscription.
Basket Concentration Behind the Prices
Where the weight sits
The VN30 basket behind E1VFVN30 is led by FPT (12.4%), TCB (9.2%), ACB (8.6%), HPG (8.4%), VPB (7.5%), MBB (7.1%) and MWG (6.2%). The VN-Diamond basket behind FUEVFVND is more concentrated in FPT (15.1%), PNJ (12.8%), MWG (12.4%), GMD (10.6%), ACB (9.8%), TCB (9.1%), MBB (7.9%) and REE (6.8%). FUESSVFL's VNFinLead basket is a pure financials exposure: TCB (14.8%), ACB (14.2%), MBB (13.6%), VPB (12.9%), STB (11.4%), SSI (7.8%) — which explains its distinct, −6.46% YTD profile versus −15.17% for FUEVFVND.
Frequently Asked Questions
1. Why is E1VFVN30 trading below its intraday VWAP?
A 33,940 VND print against a 33,952 VND VWAP is a −0.04% deviation — equivalent to roughly 12 VND per unit, well inside normal tick noise for a fund with 61,200 units traded and 5,868B VND AUM.
2. Does FUEVFVND's +17.33B VND 5-day foreign figure mean new money entered the fund?
No. That figure is secondary-market net buying of listed units on HOSE per VCI order-book data; primary-market creation/redemption is a separate channel and is not reflected in that number.
3. Which of the three focus ETFs has the deepest liquidity today?
E1VFVN30, with 61,200 units matched versus 26,900 for FUEVFVND and 1,500 for FUESSVFL; on AUM the ranking inverts, with FUEVFVND largest at 10,517B VND.
Compare ETF-level price-to-VWAP spreads side by side in our comparison tool, model exposures in the portfolio builder, or screen individual names in the stock lookup.
Disclaimer: This content is for informational purposes only and does not constitute personal investment advice.