The Vietnamese stock market has seen a significant influx of new retail investors since the start of 2026. According to the Vietnam Securities Depository (VSD), the number of domestic investor accounts grew by nearly 230,000 in August alone, bringing the cumulative increase for the year to over 2 million accounts. By the end of August, individual investors held more than 13.8 million accounts, equivalent to nearly 14% of the population.
This steady growth comes despite the market's sharp correction in July, followed by a partial recovery. The pace of new account openings in August was slightly higher than the previous month but remained modest compared to the average seen over the past year. The vast majority of new accounts were opened by individuals, while institutional investors added only 153 new accounts during the month.
Foreign investors also showed cautious participation, opening 227 new accounts in August (208 individual and 19 institutional). This brings the total number of foreign accounts to 52,633. Notably, foreign investors have been net sellers for eight consecutive months, even as Vietnam's stock market is set to be upgraded to emerging market status by FTSE Russell in September. This upgrade is expected to attract more international capital in the long term, but the current trend reflects persistent caution among overseas players.