Foreign investors could return to more balanced trading from mid-2027, according to analysts interviewed by VnExpress.
The discussion is a conditional market forecast, not confirmation that net selling has ended or that share prices will rise.
Current pressure in the reporting snapshot
The article records 18 consecutive net-selling sessions on the Ho Chi Minh City exchange, worth more than 24 trillion dong.
Its year-to-date figure is approximately 118 trillion dong. These are the source's reporting-period totals rather than live market data.
Analysts discuss global portfolio reallocation, comparative returns and different behaviour between active and passive funds.
An index-classification change does not require all investors to buy at the same time. Active funds may take profits while passive flows follow a staged schedule.
The source also distinguishes stock-market selling from every form of international capital entering the economy.
Conditions for a later improvement
VCBF's Nguyen Trieu Vinh argues that foreign investors have less remaining stock to sell after several years of net outflows.
On the demand side, index-related investment could continue through later implementation stages.
Kafi's Luong Duy Phuoc sees potentially more favourable conditions from the second quarter of 2027, while emphasising earnings and valuation as factors in sustaining active investment.
Other possibilities include new listings and improvements in market access.
These remain conditions and expectations. The article explains the analysts' reasoning rather than offering a trading recommendation or a guaranteed investment outcome.