8 ‘clans’ Holding 2.4 Million Billion Dong, ‘Controlling’ 1/3 of Vietnam’s Stock Market

As of July 18, 2025, the investment ecosystem in Vietnam notes that 8 corporate clans control over 2.4 million billion dong, equivalent to 29% of the stock market’s capital, with the total nearing 8.3 million billion. Leading this group is Vingroup with four stock codes (VIC, VHM, VRE, VEF) contributing about 1.11 million billion, capturing 13% of the entire market. Other clans including Masan Group, FPT, GELEX, T&T Group, Hoàng Huy, and DNP-Tasco also show significant capitalization. Notably, Vingroup has shown remarkable growth, with its value increasing by 186% since the beginning of the year, primarily driven by VIC and VHM stocks. Although clans like Hoàng Huy and GELEX also report satisfactory growth, they remain smaller in scale. T&T’s growth is positive but mainly relies on two key stocks. Despite fluctuations in capitalization, this indicates clear differentiation in the strength of each clan within Vietnam’s stock market.