Despite FTSE Russell's upgrade of Vietnam from frontier to emerging market status, foreign investors have been net sellers, with about VND 24,000 billion withdrawn since the start of the year, mostly after the September 21 upgrade. Excluding transactions linked to Masan Consumer, according to Nguyen Quang Thuan of FiinGroup, the remaining flow is about half a billion USD. He cites three causes: high USD interest rates, with US 5-year Treasury yields at 5.2–5.3%; outflows coming mainly from active funds, while the upgrade matters most for passive funds, so inflows take time; and market constraints such as foreign ownership limits (FOL), a limited free float, and a large-cap market concentrated in banking, securities and real estate with few tech stocks. Johan Nyvene of HSC said investors may look for 12–15% returns to offset risks, a view rather than a guaranteed level.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Được nâng hạng nhưng chứng khoán Việt Nam vẫn bị rút khoảng 24.000 tỷ đồng: Chuyên gia chỉ ra 3 nguyên nhân
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VNINDEXforeign investorsFTSE Russellinterest rates
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Related tickers and likely impact
VNINDEX
▼ Likely negativeRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 10/20/2026 | 1,691.97 |
| Change that session | +0.13% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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