Vietnam's VN-Index falls 62 points amid mixed fund performance

On 22 July, Vietnam's VN-Index dropped 62.03 points (3.58%) to 1,668.53, with the VN30 Index also sliding. Foreign investors sold a net over VND 1,900 billion, led by heavy selling in Vingroup stocks (VIC, VHM) and major banks (VCB, CTG). The decline was aggravated by escalating US‑Iran tensions and a Houthi‑declared maritime blockade affecting Saudi oil shipments.

In the first half of 2026, out of 15 large foreign‑managed funds tracking the Vietnamese market, only three recorded positive returns when measured in Vietnamese dong. Korea‑registered KIM Vietnam Growth Fund posted a 1.7% gain, followed by KITMC Worldwide Vietnam RSP Balanced Fund at 1.5% and JPMorgan Vietnam Opportunities Fund with a marginal 0.1%. Larger, well‑established foreign managers such as Dragon Capital and VinaCapital posted negative performance, highlighting the difficulty of achieving positive returns in the current market environment.