The Vietnam ETF market closed the 28 October 2026 session with total HOSE-listed ETF assets under management of 23.10T VND across 24 funds, aggregate on-screen trading value of 12.64B VND, and a marginal foreign net buy of +0.72B VND (buy 5.39B VND against sell 4.68B VND), according to HOSE / VCI order-book data compiled on etf.com.vn. The VN-Index settled at 1,766.65 points (+0.27%) after printing a 1,767.35 high and a 1,753.95 low, while the VN30-Index lagged at 1,890.22 points (+0.10%). Breadth among HOSE ETFs was 6 advancers, 8 decliners and 10 unchanged — a shallow but mildly constructive close.
Key Takeaways
- Aggregate ETF AUM stood at 23.10T VND, with FUEVFVND (10,527B VND, 45.6%) and E1VFVN30 (5,880B VND, 25.5%) together accounting for roughly 71% of the HOSE ETF complex.
- Foreign investors were net buyers of +0.72B VND on the secondary market: E1VFVN30 absorbed +1.54B VND while FUEVFVND recorded -1.32B VND, even though FUEVFVND remains +14.49B VND on a 5-day cumulative basis.
- Ten of the eleven funds in our detailed VWAP set closed at or above their intraday VWAP, led by FUEDCMID (+1.99%), FUESSV50 (+1.86%) and FUESSV30 (+1.46%) — a signal of late-session bid rather than broad-based demand.
Session Overview: Benchmarks, Breadth and Turnover
Large-cap trackers stalled while factor and mid-cap vehicles outperformed
The 0.10% gain in the VN30-Index explains the flat-to-negative close in the large-cap core: E1VFVN30 finished at 33,990 VND (-0.03%), FUESSV30 at 24,000 VND (+0.00%), FUEKIV30 at 12,990 VND (+0.00%) and FUEMAV30 at 23,350 VND (-0.21%). Capital rotated to the edges of the market instead. FUESSV50 closed at 28,780 VND (+3.01%), FUEVN100 at 24,840 VND (+1.39%), FUESSVFL at 28,490 VND (+1.03%) and FUEVFVND at 32,500 VND (+0.68%), while FUEDCMID slipped 0.08% to 11,790 VND despite a +2.88% one-month return.
Turnover concentration: two funds absorbed roughly 86% of value
Against a total HOSE ETF trading value of 12.64B VND, E1VFVN30 traded 198,000 units at a 33,844 VND VWAP — approximately 6.7B VND of on-screen value, or about 53% of the session total. FUEVFVND added 127,200 units at a 32,313 VND VWAP, approximately 4.1B VND. Together the two DCVFM funds represented roughly 86% of turnover, leaving FUESSV30 (23,700 units), FUEVN100 (22,100 units) and FUESSVFL (12,300 units) to share a thin remainder.
Foreign Net Trading on HOSE vs Primary-Market Creation Flows
Secondary-market prints from the VCI order book
It is important to separate the figures below from primary-market ETF creation and redemption activity. The numbers represent secondary-market foreign net trading value executed on HOSE, sourced from HOSE / VCI order-book data on etf.com.vn. They are an order-flow proxy, not a measure of units created or redeemed by authorised participants.
| Ticker | Close (VND) | 1D | VWAP (VND) | Close vs VWAP | Volume (units) | Foreign Net 1D | Foreign Net 5D | AUM (B VND) |
|---|---|---|---|---|---|---|---|---|
| E1VFVN30 | 33,990 | -0.03% | 33,844 | +0.43% | 198,000 | +1.54B | -0.34B | 5,880 |
| FUEVFVND | 32,500 | +0.68% | 32,313 | +0.58% | 127,200 | -1.32B | +14.49B | 10,527 |
| FUEKIV30 | 12,990 | +0.00% | 12,872 | +0.91% | 10,300 | +0.13B | +0.43B | 2,298 |
| FUEVN100 | 24,840 | +1.39% | 24,702 | +0.56% | 22,100 | -0.04B | +1.30B | 700 |
| FUESSVFL | 28,490 | +1.03% | 28,266 | +0.79% | 12,300 | -0.09B | -0.05B | 604 |
| FUEMAV30 | 23,350 | -0.21% | 23,307 | +0.18% | 1,000 | +0.08B | +0.17B | 521 |
| FUESSV30 | 24,000 | +0.00% | 23,655 | +1.46% | 23,700 | +0.33B | -0.38B | 257 |
| FUEDCMID | 11,790 | -0.08% | 11,560 | +1.99% | 2,100 | -0.01B | +0.02B | 281 |
One-day reversal inside a five-day accumulation trend
The headline +0.72B VND net buy masks opposing fund-level signals. E1VFVN30 drew +1.54B VND today, reversing roughly half of its -0.34B VND five-day net outflow — a single-session bid rather than a sustained allocation trend. FUEVFVND showed the mirror image: -1.32B VND on the day, but +14.49B VND cumulatively over five sessions, meaning the Vietnam Diamond ETF remains the dominant destination for foreign order-book capital this week despite today's profit-taking. FUEVN100 (-0.04B VND today, +1.30B VND over 5D) and FUEKIV30 (+0.13B / +0.43B VND) show the same pattern of measured accumulation.
VWAP Execution Quality: Late-Session Bid Across the Board
Closing price versus intraday VWAP
Execution quality was unusually uniform. Ten of the eleven funds in our detailed VWAP set closed at or above their intraday VWAP, consistent with an index that finished just 0.70 points below its session high. The widest micro-premiums were in thin books: FUEDCMID at +1.99% and FUESSV50 at +1.86% traded only 2,100 and 700 units respectively, so their VWAP premiums should not be read as institutional-size execution. The meaningful data points are E1VFVN30 (+0.43%), FUEVFVND (+0.58%) and FUEVN100 (+0.56%), all of which cleared VWAP on six-figure or near-six-figure unit volumes. FUEIP100 was the sole exception, closing at 12,720 VND, 0.70% below its 12,810 VND VWAP, on 400 units.
Zero-volume prints and offshore liquidity
FUEKIVFS (16,610 VND) and FUEKIVND (11,820 VND, -0.51%) closed without any recorded volume, and FUESSV50's 3.01% advance occurred on 700 units — reminders that quoted returns in low-float ETFs are indicative, not executable. Offshore, VanEck Vietnam ETF (VNM) closed at $16.98 (-0.06%) on 325,000 shares with a +2.54% one-week gain, while Xtrackers FTSE Vietnam (XFVT) at £29.28 (-0.17%) recorded zero volume.
Dispersion and Positioning: Where the Pain and the Alpha Sit
The Diamond complex remains the year-to-date laggard
Year-to-date dispersion is extreme. FUEVFVND is -15.14% and FUEKIVND -16.23%, with FUEMAVND at -14.35%, all tracking a VN-Diamond basket weighted heavily toward FPT (15.1%), PNJ (12.8%), MWG (12.4%) and GMD (10.6%). FUEDCMID is the weakest at -20.39% YTD despite a +2.88% one-month gain. By contrast, FUESSV50 is the only fund in our coverage set with a positive YTD return at +1.27%, followed by FUEKIVFS at -2.64% and FUEVN100 at -2.97%. The VN30 core remains clustered in a narrow -5.14% to -5.82% band (FUESSV30, FUEMAV30, FUEKIV30, E1VFVN30). Full constituent and basket-level detail is available in our methodology section, and fund-level specifications are listed under products.
Frequently Asked Questions
1. What was the total foreign net flow into Vietnam ETFs on HOSE on 28 October 2026?
Foreign investors were net buyers of +0.72B VND on the HOSE ETF secondary market, with total buy value of 5.39B VND against sell value of 4.68B VND according to HOSE / VCI order-book data. The largest single contributor was E1VFVN30 at +1.54B VND, offset by FUEVFVND at -1.32B VND. This is secondary-market trading value, not primary-market creation or redemption flow.
2. Why did FUEVFVND close above its intraday VWAP despite foreign net selling?
FUEVFVND closed at 32,500 VND, a +0.58% premium to its 32,313 VND intraday VWAP, on 127,200 units. The premium indicates that the marginal trade in the final part of the session printed above the day's volume-weighted average, consistent with the VN-Index closing at 1,766.65 versus a 1,767.35 high. The -1.32B VND foreign net sell is a separate order-book flow measure and does not directly determine the close-to-VWAP spread.
3. How large is the Vietnam ETF market by assets under management as of 28 October 2026?
Total HOSE ETF AUM stands at 23.10T VND across 24 funds. FUEVFVND is the largest at 10,527B VND (45.6% share), followed by E1VFVN30 at 5,880B VND (25.5%), FUEKIV30 at 2,298B VND, FUEVN100 at 700B VND and FUESSVFL at 604B VND. The two largest funds therefore hold approximately 71% of the complex.
Track Flows and Compare ETFs
Use our live Vietnam market dashboard for session-level ETF prices, VWAP and order-book foreign flows, and the ETF comparison tool to benchmark tracking performance, AUM and liquidity across tickers. For allocation work, model baskets with the portfolio builder or screen underlying names via the stock lookup.
Disclaimer: This content is for informational purposes only and does not constitute personal investment advice.