The Vietnamese stock market has rebounded to 1,700 points, mainly driven by the strong growth of Vingroup’s stocks (VIC). The VIC stock alone contributed 222 points to the VN-Index since the beginning of the year, while the total contribution of Vingroup’s “fantastic four” (VIC, VHM, VPL, VRE) is 320 points. Although the VN-Index increased by 435 points, many large stocks are still significantly down, causing an imbalance in the market. Vingroup has become the first company to have a market capitalization exceeding 1 trillion VND. It is predicted that the market will perform well in December and could reach 3,200 points by 2028 due to positive macroeconomic policies and growing corporate profits. Current market valuations are also seen as attractive, opening up opportunities for large international capital inflows.
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