Vietnam Fund Performance Report - November 2025

Vietnam Fund Performance Report - November 2025: Net Outflows Rotated Toward Bond Funds, Eased Across Equity Funds

FiinGroup is pleased to introduce the report “Vietnam Investment Fund Activities – November 2025”, offering the most updated and detailed insights into fund performance and capital flows across the market.

Key highlights of the report include:

• Equity funds lagged the market rally, posting a third consecutive month of losses with average returns of -0.7%, despite a +3.1% rebound in VNINDEX. Bond fund returns improved modestly but remained less compelling amid rising deposit rates.
• Net outflow pressure eased for a third straight month,with total outflows declining 25% MoM to VND2.7 trillion. Notably, outflows shifted from equity funds toward bond funds, while equity redemptions moderated sharply across open-ended funds, closed-ended funds, and ETFs.
• Fund managers began trimming cash buffers,as 23 of 36 open-ended equity funds reduced cash holdings, reversing October’s defensive positioning. Large funds led the move, signaling a gradual shift toward higher market exposure.
• FPT continued to lead net buying by volume,alongside broad-based buying in real estate stocks (NLG, DIG, KDH, HDG). In contrast, HPG, large-cap banks (TCB, STB, CTG, VCB), and brokerage stocks (SSI, BSI) were among the most heavily net-sold names.

Figure: Net outflows rotated toward Bond funds, Redemption pressure eased across Equity funds

For more detailed information, please download 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.

Learn more about FiinPro-X: https://fiinpro.com/fiinpro-x