July 2025 marks 25 years since the establishment of Vietnam’s stock market, which began operations on July 28, 2000, with only 2 stocks. By 2005, Vinh Son – Song Hinh Hydro Power Company (VSH) was the largest with a market capitalization of 16 trillion VND. A turning point occurred in January 2006 when Vinamilk (VNM) was listed, doubling the capitalization of HOSE. After Vietnam’s WTO accession in November 2006, many major companies like FPT, ACB, and SSI were listed. FPT became the largest by the end of 2006 at 28 trillion VND. From 2015-2022, Vinamilk and Vingroup dominated the top spots. Currently, Vietcombank leads with over 476 trillion VND. The top 10 includes Vingroup, Vinhomes, and several banks. Now there are over 50 companies with a market cap over 1 billion USD, and a major company is expected to IPO soon.
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