During the week of 14‑18 September, a wave of foreign exchange‑traded funds (ETFs) is set to re‑balance their portfolios as Vietnam’s equities move from the FTSE Emerging Markets Small‑Cap to the Emerging Markets All‑Cap index. The first tranche, scheduled for 18 September, will see simulated FTSE global‑index funds inject roughly $240 million (about VND 6 trillion) into 27 Vietnamese stocks before the new indices become effective on 21 September.
SSI Research estimates total buying activity of $449.9 million against $203.9 million in sales, yielding a net inflow of about $245.9 million. VPB (Joint Stock Commercial Bank for Investment and Development) is projected to attract the largest single‑stock purchase at $32.8 million, followed closely by VHM (Vinhomes) at $30.9 million. Other major recipients include MCH ($22.1 million), FPT ($21.48 million), MSN ($20.9 million) and HPG ($18.85 million). Additional notable inflows are expected for VNM, VIX, VPL and ACB, while STB, SHB, KBC and KDH may face modest selling pressure.
The inclusion process will unfold in four phases from September 2026 to September 2027, gradually raising Vietnam’s weight in the FTSE Emerging All‑Cap Index from roughly 0.33 % to about 0.49‑0.51 %. Over the full rollout, passive ETF allocations could total $2.4 billion, with a bullish scenario pushing cumulative inflows to $4.45 billion. Vanguard‑managed funds alone may contribute $2.4 billion, distributed as 10 % in September 2026, 20 % in March 2027, and 35 % each in June and September 2027. The staged approach aims to let the market absorb foreign capital smoothly and limit volatility as fund managers adjust their holdings.