Vietnam markets face volatility following FTSE Russell upgrade

Vietnam stock market FTSE Russell upgrade VN-Index foreign capital outflow VPBank

Vietnam's financial markets are experiencing significant volatility following its reclassification to a secondary emerging market by FTSE Russell. The VN-Index fell 1.68% during the week of September 21-25, closing at 1,785.11 points. This downturn was accompanied by a notable reversal in foreign capital flows, with international investors net selling approximately 2,900 billion VND (roughly 100 million USD) during the first week of the upgrade.

In the banking sector, Sumitomo Mitsui Banking Corporation (SMBC) is reportedly in negotiations to increase its stake in VPBank from 15% to 20%. Meanwhile, the State Bank of Vietnam maintained the central exchange rate for the USD at 25,641 VND as of September 28.

In the real estate market, data from Batdongsan.com.vn indicates a broad adjustment in Ho Chi Minh City. During August 2026, both the supply of listings and market interest declined across all segments, including apartments, land, and villas.

Entities

ACB · Bank of Japan · FTSE Russell · HSBC Viet Nam · State Bank of Vietnam · Sumitomo Mitsui Banking Corporation · Techcombank · US dollar · VN-Index · VPBank · Vietcombank · VietinBank

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] The State Bank of Vietnam set the central exchange rate for the USD at 25,641 VND. doanhnghiephoinhap.vn · baoquocte.vn
[● 5 SOURCES] VN-Index fell 1.68% to close at 1,785.11 points on September 25. dientuungdung.vn · tudonghoangaynay.vn · kevesko.vn · htv.vn
[● 3 SOURCES] Vietnam's stock market has officially entered the secondary emerging market category according to FTSE Russell. dientuungdung.vn · kevesko.vn
[DISPUTED] Foreign investors net sold approximately 2,900 billion VND in the first week following Vietnam's reclassification to FTSE Russell's secondary emerging market status. kevesko.vn
[○ 1 SOURCE] In August 2026, both the supply of listings and the level of interest in the Ho Chi Minh City real estate market saw declines across all segments. doanhnghieptiepthi.vn
[○ 1 SOURCE] Japan's Sumitomo Mitsui Banking Corporation (SMBC) is in negotiations to increase its ownership in VPBank from 15% to 20%. cafebiz.vn
[○ 1 SOURCE] In August 2026, the volume of sales listings in Ho Chi Minh City decreased across all property segments. doanhnghieptiepthi.vn
[○ 1 SOURCE] Sumitomo Mitsui Banking Corporation (SMBC) is in negotiations to increase its ownership in VPBank from 15% to 20%. cafebiz.vn