July 2025 marks 25 years of the Vietnam stock market, which launched on July 28, 2000, with just 2 stocks. In 2005, Vinh Son – Song Hinh Hydropower (VSH) led the market with a capitalization of 16 trillion VND. Later, Vinamilk (VNM) entered the market in 2006, doubling HOSE’s capitalization. That year also saw major companies like FPT, ACB, and SSI join. The banking sector rose to prominence with Vietcombank (VCB) dominating capitalization since 2021, now valued at 476 trillion VND. Currently, Vingroup leads with 365 trillion VND. From Q3 2025 to early 2026, TCBS Securities is expected to have a significant IPO.
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