“MAG-7 Vietnam Stock Market”: 4 Banks and 3 Vingroup Stocks, Total Market Capitalization of Nearly 1.9 Quadrillion VND

MAG-7 of the Vietnam stock market includes four major banks (Vietcombank, BIDV, VietinBank, Techcombank) and three companies from Vingroup (Vingroup, Vinhomes, Vinpearl), with a total market capitalization of nearly 1.9 quadrillion VND (~74 billion USD), accounting for one-third of the HoSE market. This group is mainly focused on financial banking and real estate. In contrast, sectors like technology and healthcare lack sufficient representation to balance the market. This differs from the U.S. stock market, where technology and healthcare hold a larger proportion. There are expectations for changes in the Vietnam stock market with new IPOs, updating the industry structure, and fostering private economic growth through Resolution 57 and Resolution 68, aiming for sustainable development and enhanced global competitiveness. The long-term goal is for Vietnam to become a developed, high-income nation by 2045.