Vietnam Fund Performance Report - July 2025

July 2025 marked a vibrant month for Vietnam’s investment fund market, with notable shifts in both performance and capital flows. FiinGroup is pleased to release the July 2025 Vietnam Fund Market Report, offering a comprehensive overview to help investors capture fund strategies, capital movements, and asset allocation trends. 

Key highlights from the report: 

• Fund performance: In July 2025, equity funds continued their positive momentum, supported by a +9.2% gain in the VNINDEX. Bond funds maintained stable performance, with small-NAV funds outperformed large-NAV funds. 

• Capital flows into the stock market via funds: Equity funds experienced net redemption, while bond funds recorded a second consecutive month of net inflows. 

• Cash & cash equivalents holdings : 23 out of 34 open-ended equity funds increased their cash holdings in July 2025, including several with large NAV. This indicates heightened caution among fund managers as the VNINDEX not only broke past its previous peak of 1,500 but also touched 1,600. 

• Portfolio movements: HVN was among the top net-bought stock by volume in July 2025, while FPT led in the number of funds participating in purchasing (44 funds). On the sell side, many large-cap Banking stocks continued to witness strong selling pressure, including TCB, VPB, CTG, ACB, MBB, and SHB. 

Image: Continued capital inflows into bond funds, net withdrawals from equity funds 

The shifting capital flows highlight a clear divergence in sentiment across fund types, reflecting a strategic balance between return-seeking and risk management. 

👉 Read the full report HERE

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The Fund Market Report is a monthly publication by FiinGroup, offering an overview of fund activities and capital flows in Vietnam’s financial market.  
*Source: Data and information used in this report are extracted from the FiinPro-X platform.  

👉 Learn more at: https://fiinpro.vn