FPT Shares Fall Below 50,000 Dong as Foreign Investors Extend Selling

Shares in Vietnamese technology group FPT closed at 49,550 dong (about $1.90) on November 12, falling below 50,000 dong as foreign investors extended a run of net selling to six sessions, according to CafeF and Thanh Nien. CafeF reported a 2.65% daily decline and said the closing price was FPT’s lowest since July 2023.

Foreign investors sold a net roughly 450 billion dong (about $17 million) of FPT shares that day, the two outlets reported. Thanh Nien put the figure at more than half of all foreign net selling on the Ho Chi Minh City exchange during the session. Vietnam’s VN-Index closed down 12.15 points at 1,734.75, it reported.

The pressure has lasted beyond a single trading day. CafeF put foreign net sales of FPT since the start of 2026 at more than 229 million shares, worth 17.4 trillion dong (about $660 million). Thanh Nien reported net sales worth 2.19 trillion dong (about $83 million) over the latest 20 sessions. These figures describe trading flows; they do not establish why each investor sold.

The stock’s decline has continued while FPT’s operations have grown. VietnamNet reported in October that the group began as a software company and now serves customers internationally. It said FPT’s revenue rose 13.5% year on year in the first eight months of 2026, even as its shares had fallen sharply. InsideASEAN has separately reported on foreign investment interest surrounding Vietnam’s anticipated stock-market upgrade; that market-wide context does not explain trading in FPT specifically.

Japan and new contracts in focus

In a forecast cited by CafeF, Mirae Asset Vietnam Securities projected FPT’s fourth-quarter revenue at 17.68 trillion dong (about $670 million), up 17.8% from a year earlier. It forecast profit attributable to parent-company shareholders of 3.00 trillion dong (about $114 million), up 15.6%. These are brokerage estimates, not reported results.

Japan matters to that forecast. CafeF said FPT’s revenue there fell 10.1% from the previous quarter to 4.27 trillion dong (about $162 million) in the third quarter. Mirae Asset expects it to reach 5.01 trillion dong (about $190 million) in the fourth quarter, a 20% year-on-year increase. Because FPT reports in dong, exchange rates also affect how its overseas sales appear: CafeF, citing Mirae Asset, said nine-month Japan revenue grew 25.2% in yen but 17.2% after conversion into dong.

Mirae Asset also flagged the pace of new work, according to CafeF. Third-quarter newly signed overseas technology contracts rose 3.6% year on year to 9.80 trillion dong (about $372 million), compared with 32.3% growth in the first half. FPT recorded 16 contracts worth more than $10 million each in the first nine months of 2026, down from 19 in the same period of 2025, CafeF reported.