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Market Recap 5 min readNovember 5, 2026🇻🇳 Đọc bản tiếng Việt →

Vietnam ETF Market Recap – Session 04/11/2026: Flows, VWAP and Foreign Trading on HOSE

Executive Summary

VN30 ETFs closed above VWAP as HOSE ETF foreign net selling reached -21.51B VND; total ETF AUM was 22.70T VND in the 04/11/2026 session.

By:Sungsoo Na— COO & CCO at teko

The 4 November 2026 HOSE session closed with a broad ETF rally, with the VN-Index at 1,733.02 points (+1.97%) and the VN30-Index at 1,862.07 points (+2.56%). Total HOSE ETF AUM stood at 22.70T VND across 24 funds, while total ETF trading value was 26.23B VND. Foreign investors bought 8.41B VND and sold 29.92B VND, for a net secondary-market outflow of -21.51B VND, according to HOSE/VCI order-book data on etf.com.vn. With the 5 November session not yet open, these are the prior session’s closing prices.

Key Takeaways

  • VN30-linked ETFs led the close: E1VFVN30 +3.09% to 33,720 VND, FUESSV30 +4.18% to 24,170 VND and FUEKIV30 +2.41% to 12,760 VND; each closed above its intraday VWAP.
  • FUEVFVND, the largest HOSE ETF at 10,225B VND AUM, rose 2.61% to 31,500 VND but recorded -18.63B VND foreign net selling on the day and -24.19B VND over five sessions.
  • HOSE ETF breadth was positive at 15 advancers, 3 decliners and 6 unchanged; the -21.51B VND foreign net figure is secondary-market trading value, not primary-market creation/redemption flow.

Broad Rally Lifts VN30 and Diamond ETFs Above VWAP

VN30 and Diamond ETF Price Action

The close was risk-on across the main Vietnam ETF complex. E1VFVN30 closed at 33,720 VND, +3.09%, on 366,700 units and 5,861B VND estimated AUM. FUEVFVND, the largest HOSE ETF at 10,225B VND AUM, closed at 31,500 VND, +2.61%, on 308,300 units. FUESSVFL rose 3.28% to 27,990 VND on 60,300 units, while FUEVN100 added 1.83% to 24,480 VND on 49,800 units. FUEKIVFS was the strongest print at +6.30% to 17,040 VND, although volume was only 100 units and AUM was 170B VND, so the move should not be read as broad liquidity.

VWAP Premium Signals Close-of-Session Demand

Intraday VWAP provides a cleaner read on execution than the close alone. E1VFVN30 closed 2.37% above its VWAP of 32,939 VND; FUESSV30 closed 4.56% above its 23,116 VND VWAP; and FUESSV50 closed 5.76% above its 27,327 VND VWAP. Those premiums indicate that buyers were willing to pay above the session’s average traded price into the close. By contrast, FUEIP100 closed at 12,500 VND, -1.34%, and 0.40% below its 12,550 VND VWAP, the only negative print in the detailed set.

Foreign Trading: Secondary-Market Net Selling, Not Primary Redemptions

HOSE ETF Foreign Net Flow Breakdown

According to HOSE/VCI order-book data on etf.com.vn, foreign investors bought 8.41B VND and sold 29.92B VND in HOSE ETFs, a net secondary-market outflow of -21.51B VND. FUEVFVND accounted for the bulk of the pressure: -18.63B VND on the day and -24.19B VND over five sessions. E1VFVN30 was -1.40B VND on the day but +0.79B VND over five sessions. FUESSVFL was -1.20B VND on the day and -1.43B VND over five sessions. FUEKIV30 printed +0.13B VND on the day but -98.17B VND over five sessions, a reminder that one-day and five-day windows can diverge sharply. FUEVN100 was +0.14B VND on the day but -3.54B VND over five sessions.

Creation/Redemption Distinction

These figures are secondary-market foreign net trading values on HOSE. They are not primary-market ETF creation/redemption flows. Primary flows are fund-level subscriptions and redemptions, typically visible through authorised participant and fund disclosures; a negative HOSE foreign net print does not automatically mean an ETF suffered redemptions. Use the methodology to separate exchange trading from fund creation/redemption activity.

AUM, Liquidity and Product Comparison

Comparative ETF Snapshot

ETFClose (VND)1DVWAP (VND)Price vs VWAPVolumeForeign Net 1DAUM
E1VFVN3033,720+3.09%32,939+2.37%366,700 units-1.40B5,861B
FUEVFVND31,500+2.61%31,049+1.45%308,300 units-18.63B10,225B
FUESSV3024,170+4.18%23,116+4.56%18,800 units-0.31B259B
FUESSV5028,900+3.32%27,327+5.76%6,900 units-0.00B202B
FUESSVFL27,990+3.28%27,579+1.49%60,300 units-1.20B593B
FUEKIV3012,760+2.41%12,697+0.50%10,100 units+0.13B2,257B
FUEKIVFS17,040+6.30%17,040+0.00%100 units+0.00B170B
FUEVN10024,480+1.83%24,093+1.60%49,800 units+0.14B690B
FUEDCMID11,540+2.40%11,308+2.05%8,200 units-0.05B275B
FUEMAV3023,100+2.76%22,503+2.65%14,300 units-0.01B515B
FUEMAVND13,390+3.00%13,138+1.92%31,200 units-0.24B181B

Where the Assets Sit

Total HOSE ETF AUM was 22.70T VND. FUEVFVND alone held 10,225B VND, followed by E1VFVN30 at 5,861B VND and FUEKIV30 at 2,257B VND. FUEVN100 held 690B VND, FUESSVFL 593B VND, FUEMAV30 515B VND, FUEDCMID 275B VND, FUESSV30 259B VND, FUESSV50 202B VND, FUEMAVND 181B VND and FUEKIVFS 170B VND. At the industry level, Vietnam had 139 funds with total NAV of about 278.0T VND: open-end funds 140.37T VND (50.5%), passive ETFs 70.75T VND (25.4%) and closed-end funds 66.87T VND (24.1%). For context, the 12M bank deposit rate was about 5.10%/yr; active open-end 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) compare with low-cost passive ETFs charging 0.50%-0.80% TER.

Offshore Vietnam ETFs

Offshore vehicles also participated in the risk-on tone. VanEck Vietnam ETF VNM closed at $17.14, +4.13%, on 528K shares, while Xtrackers FTSE Vietnam ETF XFVT closed at £28.95, +2.77%, on 1K shares. This data block does not provide AUM or foreign-flow figures for these offshore products, so no primary-market inference is made here.

Positioning for the 5 November Open

What to Watch

With the 5 November session not yet open, the key question is whether the 4 November close-of-session VWAP premiums in VN30 ETFs persist. Watch FUEVFVND foreign net selling, which was -18.63B VND on the day and -24.19B VND over five sessions, against E1VFVN30’s +0.79B VND five-day foreign net. Also monitor primary-market creation/redemption disclosures separately from HOSE order-book data. The VN30 basket remains concentrated in 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 led by 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%); VNFinLead is led by TCB (14.8%), ACB (14.2%), MBB (13.6%), VPB (12.9%), STB (11.4%) and SSI (7.8%).

Frequently Asked Questions

1. What was the Vietnam ETF foreign net flow on HOSE on 04/11/2026?
Foreign investors bought 8.41B VND and sold 29.92B VND across HOSE ETFs, producing a net secondary-market outflow of -21.51B VND, per HOSE/VCI order-book data on etf.com.vn.

2. Which ETF had the largest foreign net selling?
FUEVFVND recorded -18.63B VND foreign net selling on 04/11/2026 and -24.19B VND over five sessions; E1VFVN30 was -1.40B VND on the day but +0.79B VND over five sessions.

3. Does the -21.51B VND figure mean ETF redemptions?
No. It is secondary-market foreign net trading value on HOSE, not primary-market creation/redemption flow. Primary ETF flows require fund-level creation/redemption disclosures.

For live market coverage, use the Vietnam ETF market dashboard, compare products with the ETF comparison tool, review ETF products and the methodology, or drill into E1VFVN30. Build a basket with the ETF portfolio builder, screen stocks via stock lookup, or test allocations with the portfolio construction tool.

Disclaimer: This content is for informational purposes only and does not constitute personal investment advice.

#Vietnam ETF#Market Recap#Foreign Flows

About the Author

Sungsoo Na

COO & CCO at teko

LinkedIn

Financial executive with over 18 years of experience across equity derivatives, structured products, tokenized securities, and fintech in South Korea, Hong Kong, and Vietnam. Former CEO of Vina Securities JSC (2020–2024) and former Institutional Equity Division executive at Morgan Stanley (2014–2019), holding a Ph.D. in Financial Engineering from North Carolina State University.

Full credentials & published research
Disclaimer: This content is provided for informational and market research purposes only and does not constitute personalized investment advice.

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