Vietnam Fund Performance Report - August 2025

Largest Net Outflow in Over Two Years, Bond Funds Emerge as the Bright Spot 

FiinGroup is pleased to present the “Performance of Investment Funds in Vietnam” for August 2025. This monthly report provides detailed and up-to-date insights, offering investors a comprehensive view of fund performance and capital flows in the market. 

Key highlights from the August 2025 report: 

• Fund Performance: Equity funds delivered an average return of +12.9%, with 44 out of 74 funds outperforming VNINDEX. In contrast, bond funds, including those with large NAVs, recorded weaker performance. 
• Capital Flows into the Stock Market: Nearly VND 6.9 trillion of net redemptions in August 2025, mainly from equity funds (including open-ended, closed-end, and passive funds). Meanwhile, bond funds continued to attract net inflows for the third consecutive month. 
• Cash Holdings: Unlike in July 2025, when many funds raised their cash ratio, August saw 21 out of 34 funds reduce cash holdings, reflecting a more positive sentiment among fund managers. However, some large funds such as VESAF and VOF continued to increase their cash positions for the second month in a row. 
• Portfolio Shifts: MBB topped the net-buying list among funds by volume in August 2025, with 45 funds participating in. Other notable net bought included mid-cap banks (OCB, HDB, STB), along with ACV and OIL. On the flip side, large-cap bank stocks continued to face three consecutive months of net selling, most notably TCB. 

The full report provides deeper insights into fund strategies, capital flow dynamics, and investment trends amid current market conditions. 

👉 ACCESS THE FULL REPORT HERE

The Investment Fund Activity Report is a monthly publication by FiinGroup designed to deliver an overview of fund performance in Vietnam. 

Source: Data and insights are extracted from FiinPro-X. 

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