9 New Billion Dollar ‘Warhorses’: The Champion Increases by 300% Named GELEX, VIX Surpasses Vietcap and VNDIRECT to Become the Second Largest Securities Company

At the end of 2024, the Vietnamese stock market recorded 50 companies with a market capitalization of over 1 billion USD. By July 2025, nine new billion-dollar companies emerged due to impressive stock price increases, including Gelex Electric (GEE) leading with a 316% increase, Gelex Holdings (GEX) up 144%, TKV Mining Corporation (KSV) up 63%, Novaland (NVL) up 62%, Vietcap Securities (VCI) up 23%, VIX Securities (VIX) up 106%, VNDIRECT (VND) up 44%, and Kinh Bac Urban Development Corporation (KBC) up 28%.

GEE and GEX achieved a billion-dollar market capitalization this year. VIX is now the second-largest securities company by market value, surpassing VCI and VND. Novaland has shown signs of resurgence after difficult periods, rejoining the billion-dollar company list. An extraordinary General Meeting of NVL is coming up to restructure debts and improve finances.