Vietnam Fund Performance Report - January 2026

FiinGroup is pleased to introduce the January 2026 issue of the “Performance of Investment Funds in Vietnam” report. This report aims to provide clients with up-to-date insights as well as a comprehensive overview of fund performance and capital flows in Vietnam’s stock market.

Key highlights of the report include:

• In January 2026, equity funds extended the recovery for a second consecutive month as market dispersion moderated, providing a more supportive backdrop for active strategies. Bond funds also delivered improved returns; however, performance remained relatively unattractive amid rising deposit rates and stronger gains from alternative assets such as gold.
• Net outflows rebounded sharply during the month, exceeding VND5.5 trillion, reflecting heightened profit-taking and ongoing portfolio rebalancing. Redemptions were concentrated on equity funds, particularly on closed-end funds. Meanwhile, net withdrawals moderated across bond funds.
• Open-ended equity funds continued to increase cash holdings in January 2026, highlighting fund managers’ cautious stance as VNINDEX approached the 1,900-point threshold.
• The investment funds maintained net buying in Brokerage stocks (SSI, VIX, VCI). Conversely, KDH topped the net selling list following a weight reduction in the Q1/2026 rebalancing. Vingroup-related stocks (VIC, VHM)also remained under net selling pressure.

For more detailed information, please download the full report HERE!

Figure 1: Since the start of 2026, open-ended equity funds have outperformed the VNINDEX

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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://fiingroup.vn/en/fiinpro-x.html