July 2025 marks 25 years since the Vietnamese stock market officially began operations, starting on July 28, 2000, with only 2 stocks. In the early stages, Vinh Son Song Hinh (VSH) was the largest company with a market capitalization of 16 trillion after it was listed in 2005. Vinamilk (VNM) entered in 2006, doubling the market capitalization of HOSE. In 2006, FPT was listed and quickly became the largest company. From 2015 to 2022, Vinamilk and Vingroup alternated in leading market capitalization. Vingroup is currently the second-largest company in the market with 365 trillion. Vietcombank (VCB) has held the number one position in capitalization since 2021 with 476 trillion. Currently, the top 10 companies by market capitalization include many banks and Vin group enterprises. Over 50 companies have a capitalization of over 1 billion USD, indicating the strong development of the stock market over the past 25 years.
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