88 Vietnamese equity funds posted negative returns in October

FiinGroup’s monthly report on investment funds in Vietnam shows that 88 of 96 equity funds posted negative returns in October 2026. Their average return was −2.3%, an improvement from −3.9% in September. The VN-Index fell 1.53% in October, compared with a 3.47% decline in September. Monthly losses narrowed for most funds, but overall performance remained weak.

In October 2026, 88 Vietnamese equity funds posted negative returns.（VietVance）

A small number of open-end funds posted positive returns in October. VINACAPITAL-VVF returned 0.6%, up from −3.1% in September; it performed best that month among funds with net assets exceeding VND 100 billion. The fund held stakes in rising stocks including GMD, MWG and VHC. Most other larger funds still declined: VINACAPITAL-VOF, VFMVSF and VINACAPITAL-VEOF fell 0.2%, 0.5% and 0.7%, respectively.

Over the first 10 months of 2026, the equity funds covered by the report had an average return of approximately −10%, compared with a positive 18% in the same period of 2025. The VN-Index fell 2.4% over the period, versus a 29.4% gain a year earlier. Passive funds posted varied results: Fubon FTSE VN fell 6.4%, E1VFVN30 fell 7.3% and FUEVFVND fell 18%. Among closed-end funds, VEIL, VNH and VINACAPITAL-VOF declined 10.7%, 13.2% and 13.3%, respectively.

Fund flows also varied. In October, LVF, E1VFVN30 and VINACAPITAL-VVF recorded net inflows of VND 69 billion, VND 121 billion and VND 14 billion, respectively. PYN Elite, VNH and VINACAPITAL-VOF recorded net outflows of VND 1.347 trillion, VND 348 billion and VND 273 billion, respectively. As of October 30, VEIL had net assets of VND 34.52 trillion, making it the largest fund covered by the report.

Source: VietVance