Vietnam ETF market recap – session 30/10/2026. HOSE-listed ETFs finished the 30/10/2026 session with aggregate assets of 22.76T VND across 24 funds, total trading value of 28.69B VND and a market-wide foreign net sell of -5.35B VND (buy 4.46B VND / sell 9.81B VND), according to HOSE / VCI order-book data on etf.com.vn. The tape was defensive: the VN-Index settled at 1,741.62 pts (-0.80%) and the VN30-Index at 1,855.04 pts (-1.18%), leaving 4 ETF advancers, 11 decliners and 9 unchanged. The 02/11/2026 session has not yet opened, so every price quoted below is the most recent official closing print from 30/10/2026.
Key Takeaways
- FUEVFVND carried the entire foreign outflow. The DCVFMVN Diamond ETF closed at 31,700 VND (-1.46%) on 552,800 units — implying roughly 17.5B VND of turnover, or about 61% of the whole 28.69B VND HOSE ETF tape — with a -7.40B VND foreign net sell (5D: -13.64B VND) that more than accounts for the market-wide -5.35B VND.
- E1VFVN30 was the only meaningful foreign accumulator. The DCVFMVN30 ETF closed at 33,600 VND (-0.91%), 0.54% above its 33,419 VND intraday VWAP, with +2.43B VND of foreign net buying (5D: +4.40B VND) against 5,826B VND of AUM.
- Price-to-VWAP dispersion was widest in thin order books. FUESSV30 closed at 24,850 VND, +4.27% above its 23,832 VND VWAP, on just 8,900 units, while FUESSVFL closed at 27,140 VND, -1.15% below its 27,455 VND VWAP on 25,900 units.
Benchmark Backdrop: A Large-Cap-Led Drawdown
Where the index weakness concentrated
The VN-Index traded a 1,727.0 – 1,748.68 range before settling at 1,741.62 pts (-0.80%), while the VN30-Index printed a 1,851.69 – 1,869.78 range and closed at 1,855.04 pts (-1.18%). The 38 basis-point gap between the two benchmarks is the cleanest read on the session: the drawdown was concentrated in the large-cap basket that anchors the VN30-tracked ETF complex, not in the broader market.
That composition matters because the VN30 basket is heavily weighted toward the exact names that drive ETF NAV: 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 is even more concentrated — 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%) — which explains why FUEVFVND fell 1.46%, underperforming E1VFVN30's 0.91% decline. The concentration of TCB, ACB, MBB and VPB in the VNFinLead basket (14.8%, 14.2%, 13.6% and 12.9% respectively, plus STB at 11.4% and SSI at 7.8%) is consistent with FUESSVFL's outsized -4.20% move.
Price vs. Intraday VWAP: Execution Dispersion Across the Tape
The full comparative table
The table below reconciles closing price against intraday VWAP for the nine most actively observed HOSE ETFs. A positive close-vs-VWAP spread means the final print landed above the session's volume-weighted average — i.e., buyers paid up into the close; a negative spread signals late-session supply. Full definitions are available in our methodology section.
| Ticker | Fund | Close (VND) | 1D % | Intraday VWAP (VND) | Close vs VWAP | Volume (units) | Foreign Net 1D (B VND) | AUM (B VND) |
|---|---|---|---|---|---|---|---|---|
| E1VFVN30 | DCVFMVN30 ETF | 33,600 | -0.91% | 33,419 | +0.54% | 265,900 | +2.43 | 5,826 |
| FUEVFVND | DCVFMVN Diamond ETF | 31,700 | -1.46% | 31,691 | +0.03% | 552,800 | -7.40 | 10,274 |
| FUESSVFL | SSIAM VNFIN LEAD ETF | 27,140 | -4.20% | 27,455 | -1.15% | 25,900 | +0.05 | 575 |
| FUESSV30 | SSIAM VN30 ETF | 24,850 | +3.58% | 23,832 | +4.27% | 8,900 | -0.08 | 266 |
| FUEKIV30 | KIM Growth VN30 ETF | 13,190 | +1.46% | 12,868 | +2.50% | 9,900 | +0.01 | 2,333 |
| FUEVN100 | VinaCapital VN100 ETF | 24,670 | 0.00% | 24,466 | +0.83% | 34,600 | -0.26 | 696 |
| FUEMAV30 | MAFM VN30 ETF | 23,030 | -0.73% | 22,818 | +0.93% | 800 | -0.06 | 514 |
| FUESSV50 | SSIAM VNX50 ETF | 28,790 | -0.69% | 28,389 | +1.41% | 1,100 | +0.01 | 202 |
| FUEDCMID | DCVFMVNMIDCAP ETF | 11,440 | -0.09% | 11,374 | +0.58% | 5,000 | -0.01 | 272 |
Thin books produced the widest spreads
FUESSV30's +3.58% gain against a -1.18% VN30-Index decline is not a re-rating: with only 8,900 units traded and a 266B VND asset base, a single aggressive buyer lifted the close 4.27% above the 23,832 VND VWAP. FUEKIV30 shows the same mechanics at smaller amplitude — +1.46% on 9,900 units, +2.50% above VWAP. By contrast, FUEVFVND's +0.03% spread on 552,800 units is the best-quality print of the session: deep liquidity compressed execution deviation to near zero. FUESSVFL's -1.15% discount to VWAP is the only material late-session supply signal in a liquid name, consistent with selling pressure through the bank-weighted fin-lead basket.
Foreign Flows: Secondary-Market Net Trading vs. Primary-Market Creation
One fund explains the aggregate
Foreign investors bought 4.46B VND and sold 9.81B VND of HOSE-listed ETF units on 30/10/2026, a net -5.35B VND, per HOSE / VCI order-book data on etf.com.vn. FUEVFVND alone recorded -7.40B VND, meaning the remaining 23 funds were collectively net positive by roughly 2.05B VND — led by E1VFVN30's +2.43B VND. Every other fund was immaterial: FUEVN100 -0.26B VND, FUESSV30 -0.08B VND, FUEMAV30 -0.06B VND, FUEKIVND -0.04B VND, FUEDCMID -0.01B VND, against marginal buys in FUESSVFL (+0.05B VND), FUEKIV30 (+0.01B VND) and FUESSV50 (+0.01B VND).
Why this is not a fund-flow number
This figure is secondary-market net trading value on HOSE — cash exchanged between foreign and domestic holders in the order book. It is not the primary-market creation/redemption flow that changes a fund's unit count and AUM. A foreign net sell can coexist with net creations if domestic authorised participants absorb the units, and AUM of 22.76T VND is a stock measure that only moves with primary-market activity plus NAV drift. Readers comparing funds across the complex should use the ETF comparison tool to separate price returns from flow signals.
Liquidity, AUM Concentration and Cost Context
Turnover is concentrated in two funds
Implied turnover was approximately 17.5B VND for FUEVFVND and 8.9B VND for E1VFVN30 — together roughly 92% of the 28.69B VND market total. AUM is similarly concentrated: FUEVFVND holds 10,274B VND (about 45.1% of the 22.76T VND market) and E1VFVN30 5,826B VND (about 25.6%), for a combined ~70.7%. The remaining 22 funds split roughly 6.66T VND, and nine of them — including FUEKIVFS (167B VND), FUEKIVND (68B VND) and FUEIP100 (64B VND) — printed zero or near-zero volume, which is precisely why their closing prices sit exactly at VWAP.
Passive cost advantage remains the structural story
Within a 139-fund Vietnamese industry managing roughly 278.0T VND of NAV — open-end funds 140.37T VND (50.5%), passive ETFs 70.75T VND (25.4%) and closed-end funds 66.87T VND (24.1%) — passive ETFs at 0.50%–0.80% TER continue to compete against active equity funds such as VESAF (+26.4% 1Y / 1.95% TER), VMEEF (+28.1% 1Y / 2.00% TER), DCDS (+23.8% 1Y / 1.95% TER) and SSI-SCA (+24.9% 1Y / 1.75% TER), against a 12M bank deposit reference of ~5.10%/yr. Offshore vehicles were also weak on the session: VanEck Vietnam ETF (VNM) at $16.64 (-1.71%) and Xtrackers FTSE Vietnam ETF (XFVT) at £28.37 (-2.17%).
Frequently Asked Questions
1. What was the total foreign net flow into Vietnam ETFs on HOSE on 30/10/2026?
The HOSE-listed ETF market recorded a net foreign sell of -5.35B VND, made up of 4.46B VND of buys against 9.81B VND of sells, according to HOSE / VCI order-book data on etf.com.vn. This is secondary-market trading value, not primary-market creation/redemption flow.
2. Why did FUESSV30 close 3.58% higher when the VN30-Index fell 1.18%?
Liquidity, not fundamentals. FUESSV30 closed at 24,850 VND against an intraday VWAP of 23,832 VND — a +4.27% spread — on only 8,900 units, with just -0.08B VND of foreign net flow. In a 266B VND fund, a small number of orders can move the closing print well away from the basket's fair value.
3. How large is the Vietnam ETF market and which fund dominates it?
Total HOSE ETF AUM stood at 22.76T VND across 24 funds on 30/10/2026, with 28.69B VND of session turnover and a 4/11/9 advance-decline-unchanged split. FUEVFVND dominates with 10,274B VND (~45.1% of the market), followed by E1VFVN30 at 5,826B VND (~25.6%); together they hold roughly 70.7% of total assets.
For full session-level ETF pricing, VWAP and foreign order-book data, visit the Vietnam ETF market hub, browse individual vehicles in our ETF product library, screen funds side by side with the comparison tool, build a tracked basket in the ETF asset tracker, or model allocations with the portfolio builder.
Disclaimer: This content is for informational purposes only and does not constitute personal investment advice.