HCMC – Foreign ownership in three of Vietnam’s big four banks, namely BIDV, VietinBank and Vietcombank, has slipped to 4,890,687,788 shares, according to the latest data from Vietnam Securities Depository and Clearing Corporation effective March 16 morning.
This marginal yet broad-based decline across the banks highlights a cautious stance by international funds amid recent market volatility. Total foreign equity at BIDV has edged down to 17.25%, while Vietinbank and Vietcombank have seen foreign ownership falling to 25.28% and 20.53%, respectively.
The sell-off coincided with a sluggish performance in the final trading session last week, where Vietcombank led the decline with a 1.34% drop in share price.
By last weekend, stock prices reflected this cooling sentiment, with shares of the three banks closing down in their latest sessions, ranging from VND34,000 to VND59,000 per share.
