Investment funds are increasingly targeting sectors with resilience or counter-cyclical potential, as capital outflows from Southeast Asia exchange-traded funds (ETFs) continue. SSI Research experts remain cautious about Vietnamese ETFs, though outflows are expected to slow when compared to the previous quarter. In July, ETFs saw outflows totalling VND2.33tr (USD93.5m), reducing total ETF assets to VND59.9tr. Foreign investors have been consistently selling off Vietnamese assets, with net sales reaching USD2bn in 2024. Despite these challenges, funds like VinaCapital are adapting their strategies, focusing on sectors like renewable energy and technology. VinaCapital anticipates a USD25bn influx of foreign capital into Vietnamese stocks by 2030, contingent on market upgrades, while emphasising risk management and diversification in their approach.