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

As of July 18, 2025, the VN-Index reached nearly 1,500 points, with a total market capitalization of approximately 8.3 quadrillion VND. Among this, 8 major ‘clans’ of stocks account for 29% of the total value, equivalent to 2.4 quadrillion VND, including Vingroup, Masan Group, FPT, GELEX, T&T Group, Sovico Group, Hoàng Huy, and DNP – Tasco. Vingroup, with 4 stock codes (VIC, VHM, VRE, VEF), holds 45% of this group’s value. Since the beginning of the year, this group’s capitalization has grown by 186%. The Hoàng Huy and GELEX clans show good growth but still have smaller capitalizations. The T&T group also recorded growth, mainly in key members. Meanwhile, FPT and Masan exhibit large capitalizations but different trends: FPT decreased by 9% while Masan increased by 74% driven by TCB.