The VN-Index has reached 1,600 points amidst a surge in liquidity in the Vietnamese stock market, reflecting investor excitement. Although it could not maintain this level until the end of the session, the VN-Index has increased by 25.77% since the beginning of the year. However, the current P/E ratio of the VN-Index stands at 14.4, aligning with the average of the past 3-5 years but lower than peaks in 2018 and 2021.
Securities stocks such as VIX and SSI have an average P/B ratio of about 2 times and an average P/E ratio of around 23 times, which is higher compared to the average of the previous 5 years. Specifically, VIX recorded a net profit of 1,301 billion VND in Q2 2025, indicating strong growth potential.
Many experts predict that with the possibility of FTSE upgrading the market, capital flows from funds may reach from 800 million to 1 billion USD, providing positive support for the stock market in the near future. The domestic stock market is benefiting from low interest rates and abundant cash flow, boosting margin lending demand at securities firms. A distinction between securities companies with varying growth potentials is expected in the coming years.
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