8 ‘clans’ controlling 2.4 million billion VND, ‘dominating’ 1/3 of the Vietnamese stock market

As of July 18, 2025, with the VN-Index nearing 1,500 points, the Vietnamese stock market recorded a total capitalization of about 8.3 million billion VND, with 8 ‘clans’ holding 29% of the value, over 2.4 million billion VND. Major enterprises include Vingroup, Masan Group, FPT, GELEX, T&T Group, Sovico Group, Hoàng Huy, and DNP – Tasco. Notably, Vingroup, through its stocks VIC, VHM, VRE, VEF, accounts for 45% of the group’s total capitalization and 13% of the entire market, reaching 1.11 million billion VND. Their market capitalization rose by 186% in the past six months, mainly driven by VIC and VHM. Clans Hoàng Huy and GELEX also recorded significant capital growth, while T&T Group increased by 69% to over 81,000 billion VND. Clans FPT and Masan retain large positions, with capitalizations of over 309,000 billion and 540,000 billion VND respectively. This growth highlights the strong influence of private corporations in the Vietnamese stock market.