Vietnam's ETF market closed the 23/10/2026 session with 23.31 trillion VND in total HOSE-listed ETF assets across 24 funds — 12 advancers, 4 decliners and 8 unchanged — while the VN-Index settled at 1,774.15 points (+0.77%) and the VN30-Index at 1,907.09 points (+0.75%). Aggregate secondary-market foreign net buying across HOSE ETFs reached +1.96 billion VND (buys 10.02B VND against sells 8.06B VND) on total ETF trading value of 16.95 billion VND, according to HOSE / VCI order-book data on etf.com.vn. The allocation question is now sharp: does DCVFMVN Diamond (FUEVFVND), still the largest fund at 10,640 billion VND, remain the market's leader — or has leadership rotated toward broader and financial-sector benchmarks?
Key Takeaways
- FUEVFVND controls 45.6% of total HOSE ETF AUM (10,640B VND of 23,310B VND) and absorbed +24.84B VND of 5-day foreign net buying — the largest in the market — yet it is the weakest of the six largest funds year-to-date at -14.10%.
- FUEVN100 (VinaCapital VN100 ETF) led both the session (+2.44%) and single-day foreign net buying (+1.61B VND, equal to 82% of the market's +1.96B VND total), while E1VFVN30 closed at 34,410 VND, a +1.25% premium to its intraday VWAP of 33,986 VND.
- The six largest funds hold 20,747B VND, or 89.0% of total HOSE ETF AUM, but only E1VFVN30 (231,000 units) and FUEVFVND (99,000 units) traded institutional-scale volume on the day.
AUM League Table: Diamond Still Dominates on Scale
45.6% of all HOSE ETF assets sits in one fund
FUEVFVND closed at 32,900 VND (-0.12%), 0.64% above its intraday VWAP of 32,690 VND, on 99,000 units. Its 10,640B VND asset base is 1.8x the size of the second-largest fund, E1VFVN30 at 5,956B VND. KIM Growth VN30 (FUEKIV30) ranks third at 2,300B VND despite trading only 400 units — a reminder that AUM in Vietnam's ETF market is heavily concentrated in long-standing, mandate-driven institutional holdings rather than daily turnover.
The top six control 89.0% of the market
FUEVN100 (711B VND), FUESSVFL (615B VND) and FUEMAV30 (525B VND) complete the top six, which together account for 20,747B VND — 89.0% of the 23.31T VND market. The remaining 18 funds share roughly 2.56T VND, leaving sub-300B VND vehicles structurally exposed to wide bid-ask spreads.
| ETF (Ticker) | Price (VND) | 1D | 1W | 1M | YTD | Volume (units) | Foreign Net 1D / 5D (B VND) | AUM (B VND) |
|---|---|---|---|---|---|---|---|---|
| DCVFMVN Diamond (FUEVFVND) | 32,900 | -0.12% | +0.92% | -3.32% | -14.10% | 99,000 | -0.42 / +24.84 | 10,640 |
| DCVFMVN30 (E1VFVN30) | 34,410 | +1.27% | +2.20% | -3.41% | -5.85% | 231,000 | +0.51 / -6.25 | 5,956 |
| KIM Growth VN30 (FUEKIV30) | 13,000 | +0.46% | +1.25% | -3.27% | -5.66% | 400 | +0.03 / +1.09 | 2,300 |
| VinaCapital VN100 (FUEVN100) | 25,200 | +2.44% | +4.00% | -1.56% | -1.56% | 89,300 | +1.61 / +1.65 | 711 |
| SSIAM VNFIN LEAD (FUESSVFL) | 28,990 | +1.83% | +1.17% | -0.97% | -6.23% | 78,300 | -0.04 / -3.35 | 615 |
| MAFM VN30 (FUEMAV30) | 23,550 | +0.56% | +3.29% | -2.77% | -4.73% | 2,100 | +0.11 / -0.10 | 525 |
Performance Scorecard: 1-Day Through YTD
Short horizon favours VN100 and VNFinLead
On the session, FUEVN100 (+2.44%) and FUESSVFL (+1.83%) outpaced the VN30-tracking complex, with E1VFVN30 +1.27%, FUESSV30 +1.17% and FUEMAV30 +0.56%, while FUEVFVND slipped -0.12%. Over five sessions the ranking inverts: FUEVN100 leads the six at +4.00%, followed by FUEMAV30 +3.29% and E1VFVN30 +2.20%, with FUEVFVND last at +0.92%. Over one month every fund in the group is negative, but dispersion is narrow — FUESSVFL -0.97% at the top versus E1VFVN30 -3.41% at the bottom.
YTD: a 12.5-percentage-point spread
The year-to-date picture is the decisive one. FUEVN100 leads the six at -1.56%, ahead of FUESSV30 -4.62%, FUEMAV30 -4.73%, FUEKIV30 -5.66% and E1VFVN30 -5.85%. FUEVFVND trails at -14.10% — a 12.5-percentage-point gap to the leader and the single largest YTD shortfall in the group. Diamond's concentrated basket (FPT 15.1%, PNJ 12.8%, MWG 12.4%, GMD 10.6%) has been the drag, whereas the market-wide leader, FUESSV50 at -0.14%, reflects broad VNX50 exposure.
Foreign Flows: Order-Book Reality vs Creation/Redemption
Five-session accumulation in FUEVFVND
Secondary-market foreign net trading value on HOSE — buys minus sells matched on the order book, as reported by VCI and published on etf.com.vn — shows FUEVFVND at +24.84B VND cumulative over five sessions, far ahead of FUEVN100 (+1.65B VND) and FUEKIV30 (+1.09B VND). On the single session of 23/10, however, Diamond printed -0.42B VND while FUEVN100 attracted +1.61B VND, E1VFVN30 +0.51B VND and FUESSV30 +0.12B VND.
Why 1D and 5D signals diverge
E1VFVN30 is the cleanest illustration: +0.51B VND on the day against -6.25B VND over five sessions, with FUESSVFL at -0.04B VND versus -3.35B VND. Importantly, these order-book figures measure secondary trading between investors and are not the same as primary-market ETF creation or redemption activity, which is not disclosed in this dataset. A positive 5D order-book print does not by itself imply net fund inflows — position sizing should rely on published creation/redemption and outstanding-unit data, methodology detailed at /en/phuong-phap-tinh.
Execution Quality: VWAP Premiums and Liquidity Gaps
Closing prices finished above VWAP across the group
Every fund in the top six except FUESSV50 closed above its intraday VWAP, signalling late-session demand. FUEVN100 closed +1.52% above its 24,823 VND VWAP, FUESSV30 +1.44% above 23,789 VND and E1VFVN30 +1.25% above 33,986 VND. FUEVFVND's premium was the thinnest of the large funds at +0.64%.
Liquidity, not AUM, dictates implementation cost
With 231,000 units, E1VFVN30 was the most traded domestic ETF, followed by FUEVFVND (99,000) and FUEVN100 (89,300). FUEMAV30 (2,100 units) and FUEKIV30 (400 units) offer AUM but minimal on-screen depth, making block execution and tracking-error control materially harder. Screen the full universe on /en/cong-cu/so-sanh, review product specs on /en/san-pham, and follow the FUEVFVND mandate page at /en/san-pham/fuevfvnd.
Frequently Asked Questions
1. Which Vietnam ETF is the largest by AUM in October 2026?
FUEVFVND (DCVFMVN Diamond ETF) at 10,640B VND, equal to 45.6% of the 23,310B VND total HOSE ETF market. It is followed by E1VFVN30 at 5,956B VND and FUEKIV30 at 2,300B VND.
2. Is Diamond still leading the Vietnam ETF market?
It leads on scale and on five-day foreign net buying (+24.84B VND), but not on returns: FUEVFVND's YTD figure of -14.10% is the weakest among the six largest funds, trailing FUEVN100 (-1.56%) by 12.5 percentage points and E1VFVN30 (-5.85%) by 8.25 points.
3. Which ETF saw the strongest foreign inflow on 23/10/2026?
FUEVN100, with +1.61B VND of secondary-market foreign net buying — about 82% of the entire HOSE ETF market's +1.96B VND net — ahead of E1VFVN30 (+0.51B VND) and FUESSV30 (+0.12B VND), per HOSE / VCI order-book data on etf.com.vn.
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Disclaimer: This content is for informational purposes only and does not constitute personal investment advice.