8 ‘clans’ holding 2.4 trillion VND, ‘controlling’ 1/3 of Vietnam’s stock market

As of July 18, 2025, the market capitalization of Vietnam’s stock market is nearly 8.3 trillion VND, with 29% (over 2.4 trillion) belonging to 8 major groups including Vingroup, Masan Group, FPT, GELEX, T&T Group, Sovico Group, Hoàng Huy, and DNP – Tasco. Vingroup leads with 1.11 trillion VND (45% of total), equivalent to 13% of the entire market. Since the beginning of the year, the market capitalization of these groups has grown significantly, with Vingroup increasing by 193%. Other groups like Hoàng Huy and GELEX also recorded impressive growth, although GELEX faced challenges with some companies delisted. T&T Group and Masan Group have also seen growth, but FPT’s market cap has slightly decreased. This capitalization race highlights the prominence of large enterprises in controlling the market.