Vietnam’s Stock Companies at an All-Time High with $1 Billion Capitalization

Vietnam’s stock market is experiencing a booming phase with the VN-Index surpassing 1,600 points and liquidity reaching around $2-3 billion daily. By mid-August, there are 6 securities companies (SSI, VIX, VND, VCI, HCM, MBS) with a capitalization of over $1 billion, an unprecedented situation. Some stocks, such as VIX and MBS, have shown significant growth, doubling in a few months. TCBS aims to IPO at a price of 46,800 VND per share, valuing it at around $3.7 billion, potentially creating a re-evaluation effect for the entire securities industry. The expected upgrade of Vietnam’s market to FTSE Russell’s emerging market tier 2 is anticipated to attract substantial foreign investment, promoting growth for securities companies. Additionally, the digital asset sector in Vietnam is gradually being regulated, promising to be an attractive area for these companies.