July 2025 marks 25 years of the Vietnamese stock market. Established on July 28, 2000, with only 2 stocks, the market has seen rapid growth. In 2005, hydropower company Vinh Son – Song Hinh (VSH) became the largest with a market capitalization of 16 trillion VND. In 2006, Vinamilk (VNM) joined, doubling the HOSE’s value. Vietnam’s WTO membership in November 2006 sparked a boom with many major companies listing, including FPT. From 2015 to 2022, Vinamilk and Vingroup consistently competed for the top spot in capitalization. Vietcombank (VCB) has held the top market capitalization position since 2021. Currently, over 50 companies have a market cap over 1 billion USD, with Vingroup leading. The stock market is expected to welcome a significant IPO from TCBS and other large enterprises soon.
Leave a Reply