VN30 restructuring: Which stocks will be sold?

The HoSE-Index, VNX-Index and investment indices including VNDiamond, VNFin Lead and VNFIN Select will restructure their portfolios in the coming time.

During this period, the capitalization and industry indices of the HoSE-Index, including the VN30 and VNFIN Lead indices, will change their baskets with changes in composition. Meanwhile, the VNDiamond, VNFIN Select and VNX-Index indices will only update data and recalculate portfolio weights.

Based on the closing data on June 25, 2025, SSI Securities Company forecasts that the VN30 index may remove Bao Viet Group's BVH shares from its portfolio due to not meeting liquidity requirements. As of the closing data date, BVH's matched transaction value was around VND26 billion, lower than the required threshold of VND30 billion.

Instead, DGC shares of Duc Giang Chemical Group may be added to the index this period because they have satisfied the required conditions.

Meanwhile, VIC and VHM may reduce their weights after the recent price increase. Since May 5, 2025 (the effective date of the index in the second quarter of 2025), VIC and VHM have recorded increases of 37% and 28% in stock price and free-float capitalization. Accordingly, the weights of VIC and VHM in the VN30 index increased to 10.6% and 7.7%, respectively, raising the total weights of these two stocks from 15.1% to 18.3% as of June 24, 2025.

According to the HoSE index rules on capitalization weight limits, the capitalization weight limit applied to a single stock is 10%, and a group of related stocks (parent company and subsidiaries) is 15%. Therefore, if VIC and VHM reduce their weight in the index, the weight of the remaining stocks may increase accordingly. According to the 2024 audited financial report, Vingroup Corporation holds 18.82% of shares in VRE, therefore, VRE is currently an affiliate of VIC and is no longer included in the group of stocks related to Vingroup in the VN30 index.

Along with that, SSI also predicts that VPL and BSR are large-cap stocks that can be added to VN30 in the future.

VPL shares of Vinpearl JSC, listed on HoSE on May 13, 2025, have met the basic criteria for capitalization, free-float ratio and business results. However, this stock has not met the minimum listing period (6 months) and liquidity requirements. Specifically, the average trading volume and value over 12 months reached 245,000 shares and VND 22.7 billion, respectively, lower than the required levels of 300,000 shares and VND 30 billion.

Meanwhile, BSR shares of Binh Son Refining and Petrochemical Joint Stock Company were listed on HoSE on January 17, 2025. This stock meets most of the necessary criteria, including scale, free-float ratio, liquidity and profit. However, BSR has not yet met the minimum listing time requirement, although it has been 5.5 months since its first trading date on HOSE.

Currently, there are 4 ETFs tracking the VN30 index, including: DCVFMVN30 ETF, SSIAM VN30 ETF, KIM Growth VN30 ETF, and MAFM VN30 ETF, with total assets under management (AUM) estimated at VND 8,910 billion (USD 341 million) as of June 25, 2025.

Of which, DCVFMVN30 ETF has a total net asset value of VND5,900 billion (USD225 million). From the beginning of 2025, the total net asset value decreased by 13%, the number of fund certificates also decreased by 20.5% to 229 million units, so NAV/fund unit increased by 9.5%.

According to ETF portfolio estimates, funds tracking the VN30 index will sell off BVH, VIC and VHM and buy DGC.

Forecasting the composition of VNFIN Lead index, SSI estimates that LPB stock may be removed from the portfolio and no new stocks will be added this period.

Source: https://baodautu.vn/tai-co-cau-vn30-nhung-co-phieu-nao-se-duoc-ban-ra-d316556.html