Foreign Capital Massively Returns to Vietnamese Stock Market, Which Stocks Still Have Room for Growth?

Foreign capital is returning strongly to the Vietnamese stock market after a prolonged period of net selling, with a total net purchase of over 9.2 trillion VND on HoSE since early July. Foreign investment often flows into the market 4-5 months ahead of a potential upgrade from FTSE, expected to happen by the end of this year. Large capitalization stocks with available foreign room include VCB, VIC, VHM, and FPT. Some stocks like FPT have opened up their foreign room, while many banks like TCB and MBB have little room left. According to research, FTSE’s criteria for stocks eligible for upgrade include a minimum market capitalization of 150 million USD and a free float rate of over 5%. Stocks expected to benefit from the upgrade include VIC, VHM, VNM, HPG… Additionally, P-Notes contribute to foreign buying power, allowing foreign investors to gain early positions in the market.