Foreign investors’ net selling in Vietnam’s stock market reached a record high in 2025. Will this trend reverse in 2026? What factors could entice them to return in the near future? Reasons behind the record net selling in 2025 Foreign investors recorded net selling of more than VND136.4 trillion in Vietnam’s stock market in 2025 (as of the December 29 trading session), marking a 47% surge compared to 2024. This figure represents the highest annual net selling value ever in the history of foreign participation in the local market. With the exception of 2022—when the market hit bottom and foreigners turned net buyers with nearly VND30.8 trillion in purchases—the period from 2020 to 2025 was dominated by foreign net selling. According to statistics, foreign investors offloaded VND92.5 trillion in 2024, VND22.1 trillion in 2023, and VND78.8 trillion across 2020–2021. In total, net selling by foreign investors during 2020–2025 amounted to approximately VND300 trillion, with 46% of that volume concentrated in 2025 alone. Several factors explain the persistent net selling strategy adopted by foreign investors in 2025. Foremost among them was the U.S. Federal Reserve’s decision to slow the pace of interest rate cuts, which kept dollar-denominated interest rates elevated for […]