July 2025 marks 25 years since the Vietnamese stock market was launched, starting on July 28, 2000, with just 2 stocks. By 2005, the Hanoi Stock Exchange was established, introducing significant companies like VSH (Vinh Son Hydropower) which became the largest with a market capitalization of 16 trillion VND. A pivotal moment occurred when Vietnam joined the WTO in 2006, leading to a surge in listed companies. FPT, listed in December 2006, quickly became the largest with 28 trillion VND in market cap. Vingroup entered the market in 2007 and remains among the largest today. Vietcombank currently holds the top position since 2021 with nearly 476 trillion VND. There are now over 50 companies with market caps over 1 billion USD. In early 2025, a major IPO is expected from Techcom Securities (TCBS) with a substantial capital increase.
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