As of July 18, 2025, the value of Vietnam’s stock market reached nearly 8.3 million billion dong, with 8 ‘clans’ of private enterprises accounting for 29% of the value, equivalent to 2.4 million billion dong. These clans include Vingroup, Masan Group, FPT, GELEX, T&T Group, Sovico Group, Hoàng Huy, and DNP – Tasco. Vingroup dominates with 1.11 million billion dong, representing 45% of this group. The group’s market capitalization has grown 186% in the first 6 months of the year, led by Vingroup’s stock (VIC) and Vinhomes (VHM). Hoàng Huy and GELEX follow with increases of 86% and 83% respectively. However, Hoàng Huy has a modest capitalization of around 24,000 billion dong and GELEX 157,000 billion dong due to many stocks being delisted. T&T Group also recorded a 69% growth but only two companies in the group saw significant increases. FPT and Masan Group reached over 309,000 billion and 540,000 billion dong respectively, with FPT decreasing by 9% while Masan increased by 74%, mainly due to TCB stock.
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