Vietnam Stock Market Today: Trends and Investment Opportunities Not to Miss

The year 2568 BE (2025) marks a pivotal turning point for the Vietnam stock market. In reality, this market is undergoing a noteworthy transformation, from economic adjustments to international status changes. This article will help you understand why the Vietnamese stock market is so attractive, and finally, will recommend 8 leading companies that may be suitable for your investment portfolio.

Why has the Vietnam stock market become a star in the Asian market?

Strong and “Asian dragon” economic fundamentals

Vietnam’s growth over the past 2-3 years has been remarkable. The Vietnamese economy is projected to grow by 7.09% in 2567 BE (2024), which is three times higher than Thailand. During the same period, global financial institutions like Standard Chartered Bank forecast Vietnam’s economy will continue expanding at 6.7% this year. The Vietnamese government has also set a growth target of at least 8%, demonstrating strong confidence from the authorities.

These figures are not just statistics; they reflect real phenomena in the market: listed companies in Vietnam’s stock exchange are experiencing profit growth of 15-20% annually, significantly higher than many other countries.

Elevating the country’s status: from frontier to emerging market

This year, Vietnam will be upgraded from “Frontier Market” to “Emerging Market” in the MSCI index, a change that is more than just a classification.

The key factor is the inflow of capital: currently, global frontier markets have less than US$100 billion in investments, while emerging markets receive over US$6.8 trillion. Vietnam holds the highest share within the frontier markets at 28.8% according to the MSCI Frontier index. When Vietnam enters the new category, passive index funds tracking emerging markets will be forced to increase holdings in Vietnamese stocks. The result: a large influx of investment capital.

( From correction to opportunity

In early April this year, the Vietnamese stock market faced heavy selling pressure. The VN index dropped over 75 points, partly due to global market pressures and news that the US would impose new tariffs. However, many experts see this as a “buying opportunity” for long-term investors because: this dip is mainly a short-term market reaction, while Vietnam’s economic fundamentals remain strong.

8 Vietnamese stocks you should closely follow

) 1. VCB - The pillar of the financial system

Vietcombank is the largest and most significant bank in Vietnam. Compared to Thailand, it is similar to Kasikornbank or SCB, which are both market leaders and key holdings for foreign investors.

VCB has several advantages: as the economy grows, demand for loans and financial services naturally increases. Part of this is because the population with access to banking services in Vietnam is still much lower than in developed countries. This presents an expansion opportunity, especially with the widespread adoption of digital systems transforming service delivery.

Additionally, VCB benefits clearly from Vietnam’s government policies aimed at developing the country’s financial system.

( 2. VHM - Pioneer of Vietnam real estate

Vinhomes is the largest real estate company in Vietnam, operating from condominiums and detached houses to high-end villas.

What makes VHM stand out is that it is part of Vingroup, the largest conglomerate in the country, )accounting for 2.2% of Vietnam’s GDP###. Compared to leading Thai property developers, VHM is larger and more influential.

VHM’s projects are renowned for quality, design, and professional management, attracting middle- to upper-class clients.

Growth drivers for VHM include: expanding middle class, urbanization (Vietnam’s urban population is still lower than Thailand but growing rapidly), and high demand for quality housing in major cities. Infrastructure development (roads, railways, utilities) also adds value to its projects.

Although the real estate sector is cyclical, in the long term, VHM is expected to grow alongside the country’s development.

3. GAS - Powerhouse in energy

Petrovietnam Gas ###GAS( is the leader in Vietnam’s oil and gas industry. It operates from exploration, production, transportation, to distribution.

Compared to Thailand, GAS is similar to PTT, playing a vital role in driving the economy and supported by the government.

GAS’s advantages include extensive infrastructure, financial stability, and most importantly: access to energy resource concessions and infrastructure.

As Vietnam grows, energy demand increases, especially natural gas, which is considered a cleaner fuel. Despite global price volatility, the long-term trend for energy demand in Vietnam is upward, making GAS an attractive long-term investment.

) 4. VNM - Queen of dairy industry

Vietnam Dairy Products, or Vinamilk, is the largest dairy producer in Vietnam, with a market value of over US$6.48 billion.

Compared to Thailand, VNM is like a combination of several leading dairy companies, but much larger. It dominates the dairy and dairy product market in Vietnam, owning large dairy farms, modern production facilities, and a nationwide distribution network.

Beyond the domestic market, VNM exports to over 40 countries worldwide.

What makes VNM interesting is that dairy consumption in Vietnam is still much lower than in developed countries. Per capita annual consumption is below Thailand and Malaysia, indicating significant growth potential as income per capita rises and consumers prioritize health.

VNM also has strong attributes: consistent dividend payments, solid financials, and trusted brands, making it suitable for investors seeking both growth and dividend income.

( 5. FPT - Leader in digital technology

FPT is Vietnam’s leading technology company, recognized internationally. It specializes in IT outsourcing services for high-tech companies worldwide.

To put it simply, FPT is like the “Google” or “Microsoft” of Vietnam, with expertise in developing custom software for corporate clients.

Many analysts believe FPT could become Vietnam’s most valuable company in the next 10 years because Vietnam is focusing on developing global technological capabilities.

FPT’s key advantage is its high-quality IT personnel, who earn lower wages than in developed countries, allowing it to compete globally, especially as companies seek efficient, cost-effective partners.

In the era of digital transformation, demand for IT services and software—such as AI, Cloud Computing, Big Data—is rapidly increasing. FPT has invested heavily in these areas, offering enormous growth opportunities.

) 6. MSN - Empire of food and beverage

Masan Group is a diversified company, especially in the food and beverage industry. It leads in producing processed foods like instant noodles, sauces, and meat products.

Compared to Thailand, MSN is like a conglomerate of several leading food companies.

MSN’s strength lies in its strong, recognizable brands covering daily essentials for Vietnamese consumers: Omachi and Kokomi instant noodles, Chin-su sauces, Vinacafe coffee, Chin-su fish sauce.

MSN also acquired VinCommerce from Vingroup in 2019, owning the VinMart and VinMart+ retail chains with over 3,000 stores, expanding into high-potential retail.

As consumer behavior shifts, MSN has adapted by developing new products such as health foods, ready-to-eat meals, and premium items, aligning with the growth of the middle class.

7. VRE - Leading shopping mall developer and manager

Vincom Retail is a leader in Vietnam’s shopping mall industry, part of Vingroup, like VHM.

Compared to Thailand, VRE is similar to top shopping mall developers.

VRE’s advantages include prime land in high-potential locations, quality and modern project development, and strong backing from Vingroup.

Growth drivers include expanding middle class, rising purchasing power, and changing consumption culture. Young Vietnamese increasingly visit malls for shopping, dining, and leisure.

The arrival of global retail brands like Zara, H&M, Uniqlo also boosts mall attractiveness and rental opportunities.

Despite e-commerce challenges, malls remain vital as urban lifestyle centers.

( 8. ACV - Airport operator of Vietnam

Airports Corporation of Vietnam )ACV### manages most of Vietnam’s airports, including major international airports like Tan Son Nhat in Ho Chi Minh City and Noi Bai in Hanoi.

Compared to Thailand, ACV is similar to AOT.

ACV’s strength lies in Vietnam’s rapidly growing tourism industry. Before COVID-19, Vietnam saw continuous growth in foreign tourists. Post-reopening, tourism is recovering strongly.

Another key project is the Long Thanh International Airport near Ho Chi Minh City, currently under construction. Once completed, it will be the largest and most modern airport in the region, designed to handle 100 million passengers annually, significantly increasing capacity for air travel growth.

Although ACV was heavily impacted by COVID-19, the long-term outlook for the aviation industry is positive, especially in emerging markets like Vietnam.

How Thai investors can access the Vietnam stock market

Method 1: Through Thai brokers

The easiest way is to open a trading account with Thai brokers offering international stock trading services, such as Kasikorn Securities, SCB Securities, or Bualuang Securities. These brokers provide access to multiple markets, including Vietnam.

Steps:

1. Contact the broker and inquire
2. Prepare documents: ID card, passport, financial proof
3. Deposit funds into the account
4. Select stocks and place orders

Advantages: Convenient, no language barrier Disadvantages: Fees may be higher

Method 2: Open an account directly with Vietnamese brokers

For investors wanting direct access, opening an account with Vietnamese brokers like SSI Securities, VNDirect, HSC ###Ho Chi Minh Securities Corporation### is an option.

Steps:

1. Contact the broker
2. Prepare documents: passport, proof of address, income proof
3. Visit the office to open an account (possibly at least once)
4. Deposit funds

Advantages: Lower fees, direct data access Disadvantages: More complicated, possible language barriers

( Method 3: Invest via mutual funds

If direct stock picking is inconvenient, investing through mutual funds is another option. Many Thai funds have policies to invest in Vietnam stock markets, such as TMB Eastspring Vietnam Equity Fund, Bualuang Vietnam Equity Fund.

Advantages:

• No need to analyze stocks yourself
• Managed by professional fund managers
• Good diversification

Disadvantages: Management fees may be higher

) Method 4: Use international online platforms

Platforms like Interactive Brokers, Saxo Bank, Tiger Brokers offer online trading of Vietnamese stocks.

Advantages:

• Easy to use, convenient
• Low fees
• Analytical tools available

Disadvantages: May not support Thai language

Summary

The Vietnam stock market in 2568 BE (2025) presents dense opportunities, driven by superior economic fundamentals, international status upgrade, and post-large sell-off adjustments.

The 8 recommended companies—VDB, VHM, GAS, VNM, FPT, MSN, VRE, ACV—each have growth potential aligned with Vietnam’s economic and social changes.

For Thai investors, the above information shows that accessing this market is not as complicated as it seems. Regardless of the chosen channel, understanding the fundamentals and thorough preparation are key.