
Hanoi, Vietnam – September 30, 2025 – The final trading session of September 2025 saw the Vietnam stock market trade in a narrow, indecisive range, with the benchmark VN-Index closing down slightly by nearly 5 points to settle at 1,661.7 points. Total matching order value on the Ho Chi Minh Stock Exchange (HoSE) reached approximately 29.155 trillion VND.
Persistent Net Selling by Foreign Bloc. Foreign investors continued their net selling trend, booking a substantial net outflow of 1.268 trillion VND (approximately $51.5 million) across the entire market.
HoSE: Heavy Selling Dominates
On the HoSE, the foreign bloc was a net seller to the tune of approximately 1.280 trillion VND.
The selling pressure was most concentrated in the real estate sector, with stock KDH (Khang Dien House Trading and Investment) being the hardest hit, recording a massive net sell value of 382 billion VND (around $15.5 million).
Other major stocks also faced significant selling HPG (Hoa Phat Group) was net sold by 172 billion VND and FPT, SSI, and VHM all saw net selling in the range of 103 to 121 billion VND each.
Selective Buying Focus
Despite the overall selling, foreign investors selectively purchased several key stocks, such as CII (Ho Chi Minh City Infrastructure Investment) and SHB (Saigon-Hanoi Commercial Joint Stock Bank) led the net buying across the market with values of 90 billion VND and 82 billion VND, respectively. Other banking and infrastructure-related stocks such as TCB, LPB, and TAL also attracted net buying, with values ranging from 56 billion VND to 75 billion VND.
Other Exchanges See Mixed Flows
HNX: Small Net Inflow
On the Hanoi Stock Exchange (HNX), foreign investors recorded a small net buying total of just over 18 billion VND. CEO and MBS were the primary targets, with net purchases of 25-45 billion VND. However, IDC saw significant net selling of 42 billion VND, followed by PVS with 23 billion VND in net sales.
UPCOM: Marginal Net Outflow
The UPCOM market registered a marginal net selling of 6 billion VND. ACV (Airports Corporation of Vietnam) was the main stock sold, with a net value of 20 billion VND. On the buy side, VEA and DDV saw small net purchases ranging from 3-6 billion VND.
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Source: Vietnam Insider

