Wrapping up the last trading session of the year on December 31, 2024, Vietnam’s stock market recorded 50 companies with a market capitalization of over $1 billion, totaling over 5 million trillion VND. As of July 21, 2025, nine new billion-dollar companies emerged, including Gelex Electric (GEE, up 316%), Gelex Holdings (GEX, 144%), KSV (63%), Novaland (NVL, 62%), VCI (23%), VIX (106%), VND (44%), and KBC (28%). Gelex Electric reached a billion-dollar market cap on April 18, 2025, while Gelex Holdings hit this mark on May 8. VIX has surpassed Vietcap and VNDIRECT, becoming the second-largest brokerage with a value of 29,600 billion VND. Novaland returned to the billion-dollar club with a 62% increase, aided by legal support for key projects. The company is set to hold an extraordinary general meeting on August 7, 2025, to discuss issuing private shares to restructure 2,645 billion VND in debts.
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