ETF report Portfolio Forecast VN30 Q1.2026

HOSE will officially announce the constituent list of the VN30 Index on 21 January 2026, with changes taking effect on 02 February 2026. The key changes in this upcoming announcement compared to the previous update are as follows:

In the Q1 2026 review, BCM is expected to be removed from the VN30 Index due to the unqualified matched trading value criterion. Specifically, BCM’s matched trading value is estimated at approximately VND 27 billion, below the required threshold of VND 30 billion. Conversely, VPL is expected to be added to the index as a replacement for the removed stock.

FPT is projected to hold the largest weight in the VN30 index during the Q1 2026 rebalancing, at 10%, which is the limit weight cap for a single stock; followed by HPG (9.79%) and VIC (8.12%).

The VIC-related stocks are expected to record the largest weight reduction in this rebalancing period, due to the group weight cap regulation (15% for related stocks). Accordingly, VIC’s weight is projected to decline from 14.7% to 8.1%. As a result, during the Q1 2026 rebalancing, VIC is estimated to be net sold of approximately VND 666 billion by ETFs tracking the VN30 Index. In contrast, HPG is estimated to record net buying of around VND 146 billion