Vietnam's HOSE-listed ETF segment enters the 28 October 2026 session with 23.01T VND in aggregate assets across 24 funds, following a 27 October session in which the VN-Index closed at 1,761.87 points (-0.10%) and the VN30-Index at 1,888.40 points (-0.06%). With the exchange not yet open, all prices below reference the prior session's closing prints and matched order-book data. Total HOSE ETF turnover reached 10.36B VND, breadth finished at 6 advancers, 10 decliners and 8 unchanged, and foreign investors recorded a net buy of +5.03B VND (8.22B VND bought against 3.19B VND sold), according to HOSE / VCI order-book data on etf.com.vn.
Key Takeaways
- Aggregate HOSE ETF AUM stands at 23.01T VND; FUEVFVND (10,456B VND) and E1VFVN30 (5,879B VND) together account for roughly 71% of the segment, with session turnover of only 10.36B VND.
- FUEVFVND posted +5.70B VND of foreign net buying on the day (5D: +23.01B VND), offsetting E1VFVN30's -0.59B VND (5D: -14.24B VND) and driving the segment-wide +5.03B VND net figure.
- Execution quality diverged: E1VFVN30 closed 34,000 VND, +0.27% above its 33,907 VND intraday VWAP on 142,400 units, while FUEVFVND closed 32,280 VND, -0.25% below its 32,362 VND VWAP on 114,300 units.
Session Snapshot: A Narrow Index Range, a Concentrated ETF Tape
The 27 October tape was defined by compression rather than direction. The VN-Index traded a 13.51-point band between 1,759.11 and 1,772.62 before settling at 1,761.87, while the VN30-Index held a 15.31-point range (1,883.46–1,898.77) and closed at 1,888.40. For ETF investors, the more important signal was concentration: two flagship funds absorbed the overwhelming majority of matched volume, leaving every other product in single-digit-thousand unit territory.
Breadth and turnover concentration
A 6/10/8 advance-decline-unchanged split across 24 funds is consistent with an index moving less than 0.1%. FUEIP100 (+6.87% to 12,760 VND on 200 units), FUEKIVFS (+2.47% to 16,610 VND on 100 units) and FUEDCMID (+1.72% to 11,800 VND) topped the gainers, while FUESSV50 (-2.27% to 27,940 VND) and FUEMAVND (-1.43% to 13,750 VND) were the weakest. Outside E1VFVN30 (142,400 units), FUEVFVND (114,300 units) and FUEVN100 (24,000 units), liquidity remains structurally thin — FUESSVFL, FUEKIV30, FUEMAV30 and FUESSV50 each traded 3,400 units or fewer — which widens bid-ask costs and makes VWAP analysis essential rather than optional.
VWAP-to-Close Spread: Mapping Intraday Execution Quality
VWAP is the volume-weighted average price of every matched print in the session and is the cleanest single-session benchmark for execution quality. A close above VWAP indicates the marginal buyer transacted above the day's average cost; a close below indicates supply absorbed the bid into the close. The full calculation convention is documented in our VWAP and flow methodology.
Positive spreads: who closed above the day's average cost
FUEDCMID delivered the widest positive spread, closing at 11,800 VND against a 11,524 VND VWAP (+2.40%) — although on only 1,600 units, so the print should be read as a thin-tape signal rather than a liquidity event. It was followed by FUESSV30 (+0.86%, 24,000 vs 23,796 VND), FUEMAV30 (+0.70%, 23,400 vs 23,238 VND), FUEKIV30 (+0.44%, 12,990 vs 12,934 VND) and E1VFVN30 (+0.27%, 34,000 vs 33,907 VND). FUEKIVFS and FUEIP100 printed flat to VWAP at 16,610 and 12,760 VND respectively, both on negligible volume.
Negative spreads: where the close was sold
FUEVN100 closed 24,500 VND against a 24,655 VND VWAP (-0.63%) on 24,000 units — the heaviest turnover of any fund finishing below its average cost — followed by FUESSV50 (-0.56%, 27,940 vs 28,097 VND), FUESSVFL (-0.42%, 28,200 vs 28,319 VND) and FUEVFVND (-0.25%, 32,280 vs 32,362 VND). For FUEVFVND the gap is small in absolute terms (82 VND per unit) but directionally consistent with its -0.98% daily decline and its position as the day's principal foreign accumulation target.
Foreign Net Trading on HOSE Is Not Primary-Market Fund Flow
Two distinct flow channels are routinely conflated. Foreign net trading value on HOSE is measured from matched secondary-market orders executed by foreign investor accounts — it is an order-book statistic. Primary-market ETF activity is creation and redemption: authorised participants subscribe or redeem units directly with the fund manager in exchange for the underlying basket, and that activity does not appear in the HOSE foreign net figure. The +5.03B VND net buy recorded on 27 October is therefore a secondary-market reading, not a measure of new money entering ETF portfolios.
Secondary-market order-book net, fund by fund
FUEVFVND absorbed +5.70B VND of foreign net buying (5D: +23.01B VND), the single largest contributor to the segment total and confirmation of a persistent weekly accumulation pattern. E1VFVN30 ran the opposite direction at -0.59B VND (5D: -14.24B VND), with FUESSV30 at -0.19B VND (5D: -0.73B VND). FUEVN100 is the notable divergence: -0.33B VND on the day but +2.23B VND across five sessions. Smaller funds — FUESSVFL, FUEKIV30, FUEMAVND, FUEKIVFS — recorded flows at or near zero, reflecting their limited tradable float.
What would confirm genuine creation activity
A sustained foreign net buy alongside unit-count growth, or an expansion in outstanding ETF units reported by the fund manager, would be required before inferring primary-market creation. For the 27 October session, aggregate AUM stood at 23.01T VND with no reported creation event; the flow signal should be treated as positioning within existing shares rather than capital formation. Net asset value context is available in the ETF product library.
Fund-Level Comparison: AUM, VWAP and Foreign Flow
The table consolidates the session's key metrics for the most actively traded HOSE-listed ETFs. Close-versus-VWAP is computed from the intraday volume-weighted average price published alongside the closing print.
| Ticker | Close (VND) | 1D | VWAP (VND) | Close vs VWAP | Volume (units) | Foreign 1D (B VND) | Foreign 5D (B VND) | AUM (B VND) |
|---|---|---|---|---|---|---|---|---|
| E1VFVN30 | 34,000 | +0.00% | 33,907 | +0.27% | 142,400 | -0.59 | -14.24 | 5,879 |
| FUEVFVND | 32,280 | -0.98% | 32,362 | -0.25% | 114,300 | +5.70 | +23.01 | 10,456 |
| FUEVN100 | 24,500 | -0.93% | 24,655 | -0.63% | 24,000 | -0.33 | +2.23 | 691 |
| FUESSV30 | 24,000 | +0.04% | 23,796 | +0.86% | 16,500 | -0.19 | -0.73 | 257 |
| FUEMAV30 | 23,400 | +0.04% | 23,238 | +0.70% | 3,400 | +0.02 | +0.10 | 522 |
| FUESSVFL | 28,200 | -1.12% | 28,319 | -0.42% | 3,300 | -0.00 | -0.01 | 598 |
| FUESSV50 | 27,940 | -2.27% | 28,097 | -0.56% | 3,200 | -0.06 | -0.15 | 196 |
| FUEDCMID | 11,800 | +1.72% | 11,524 | +2.40% | 1,600 | -0.01 | -0.04 | 281 |
| FUEKIV30 | 12,990 | -0.38% | 12,934 | +0.44% | 1,400 | -0.00 | +0.41 | 2,298 |
Structural concentration and basket overlap
FUEVFVND's 10,456B VND and E1VFVN30's 5,879B VND represent roughly 71% of the 23.01T VND segment. FUEKIV30 (2,298B VND), FUEVN100 (691B VND), FUESSVFL (598B VND) and FUEMAV30 (522B VND) form a second tier. YTD dispersion remains wide: FUESSV50 (+0.60%) is the only fund in positive territory, while FUEVFVND (-15.72%) and FUEKIVND (-15.80%) lag furthest. Basket overlap explains much of the flow split — FPT carries 12.4% of the VN30 basket and 15.1% of the VN-Diamond basket, while the VNFinLead basket is dominated by TCB (14.8%), ACB (14.2%), MBB (13.6%), VPB (12.9%), STB (11.4%) and SSI (7.8%). Investors can benchmark these exposures side by side in the ETF comparison tool.
Frequently Asked Questions
1. How much foreign net buying did HOSE-listed ETFs record on 27/10/2026?
Foreign investors bought 8.22B VND and sold 3.19B VND across the 24 HOSE-listed ETFs, for a net buy of +5.03B VND, according to HOSE / VCI order-book data on etf.com.vn. FUEVFVND alone contributed +5.70B VND of net buying, against -0.59B VND for E1VFVN30.
2. Why did E1VFVN30 close flat at 34,000 VND while FUEVFVND fell 0.98%?
The VN30-Index closed at 1,888.40 points (-0.06%), leaving E1VFVN30 unchanged at 34,000 VND on 142,400 units. FUEVFVND, tracking the VN-Diamond basket, fell 0.98% to 32,280 VND on 114,300 units and closed 0.25% below its 32,362 VND intraday VWAP.
3. Does the +5.03B VND figure represent new money flowing into ETFs?
No. That figure reflects secondary-market foreign net trading matched on HOSE's order book. Primary-market creation and redemption — subscriptions and redemptions between authorised participants and fund managers — settle in the underlying basket and are not captured in HOSE foreign net trading value. Aggregate ETF AUM stood at 23.01T VND with no reported creation event for the session.
Track the next session and stress-test your ETF exposure: follow live index and flow data on the Vietnam market hub, review fund profiles in the ETF product library, compare metrics in the ETF comparison tool, revisit our VWAP and flow methodology, or open the E1VFVN30 fund page.
Disclaimer: This content is for informational purposes only and does not constitute personal investment advice.