As of the end of 2024, the Vietnamese stock market recorded 50 companies with a market capitalization over 1 billion USD, totaling over 5 trillion VND. By mid-2025, 9 new billion-dollar companies emerged due to impressive stock price increases, led by Gelex Electric (GEE) with a 316% increase, Gelex Holdings (GEX) at 144%, and VIX at 106%. Recently, VIX surpassed Vietcap and VNDIRECT to become the second largest securities firm in the market, after SSI. Novaland (NVL) has also returned to the billion-dollar list thanks to improved financial conditions and legal issues being resolved. The company will hold an extraordinary general meeting in August to discuss plans for a private stock issuance.
Leave a Reply