8 ‘clans’ holding 2.4 trillion VND, ‘dominating’ 1/3 of Vietnam’s stock market

As of July 18, 2025, the Vietnamese stock market recorded a capitalization of nearly 8.3 trillion VND, with 8 “clans” accounting for 29%, equivalent to 2.4 trillion VND. This group includes major enterprises such as Vingroup, Masan Group, FPT, GELEX, T&T Group, Sovico Group, Hoang Huy, and DNP-Tasco. Vingroup leads with 1.11 trillion VND, making up 45% of the group’s value and 13% of the entire market, thanks to strong growth from VIC (193%) and VHM (140%). Hoang Huy and GELEX also saw impressive growth of 86% and 83%, respectively. However, some GELEX stocks were delisted for not meeting listing conditions. T&T Group reached a capitalization of 81 trillion VND, while FPT and Masan Group achieved over 300 trillion and 540 trillion VND, respectively, with Masan primarily benefiting from TCB.