Vietnam has switched from offensive to defensive, and investor sentiment has clearly turned cautious. Db X-Trackers FTSE Vietnam UCITS ETF (03087.HK) slumped more than 2% intraday.

After five consecutive weeks of gains, Vietnam has flipped to defence — the VN-Index has dropped for four straight sessions and is stuck in a tight range this week. At pixel, Db X-Trackers FTSE Vietnam UCITS ETF (03087.HK) is down more than 2%.

NewTimeSpace— 26 Jan 13:33: After five consecutive weeks of gains, Vietnam has flipped to defence — the VN-Index has dropped for four straight sessions and is stuck in a tight range this week. At pixel, Db X-Trackers FTSE Vietnam UCITS ETF (03087.HK) is down more than 2%, though the fund still sports a 72.93% total return over the past year.

HKEX data show 03087.HK tracks the STOXX Vietnam Total Market Liquid Index, compiled by STOXX Limited to represent the investable Vietnam universe while screening out illiquid names and foreign-ownership traps.

Vietnam’s economy ended 2025 on a tear — full-year GDP hit 8.02%, the fastest pace in 14 years and well ahead of China (5.3%) and India (7.6%). Quarter-by-quarter momentum actually accelerated: Q1 7.05%, Q2 8.16%, Q3 8.23%, Q4 8.46%.

Yet the property hangover lingers. In October 2025, bond irregularities at No. 2 developer Novaland sparked a one-day 5.18% plunge and 150 limit-down stocks. This January, Hanoi rolled out tougher auction rules — bid deposits raised to 50% and a five-year ban for defaulters — plus a nationwide electronic land-code system to curb short-term flipping.

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