Vietnamese Undervalued over 20% based on DCF

Vinhomes

Market Cap: ₫497.4t

Develops and sells real estate properties in Vietnam.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫286.5t

Provides various banking products and services in Vietnam and internationally.

Vietnam Technological and Commercial Bank

Market Cap: ₫228.5t

Provides personal and corporate banking products and services in Vietnam and internationally.

Vietnam Prosperity Commercial Bank

Market Cap: ₫216.6t

Provides various banking products and services to organizations and individuals in Vietnam.

Military Commercial Bank

Market Cap: ₫215.1t

Provides banking products and services in Vietnam.

Petrovietnam Gas

Market Cap: ₫194.7t

Engages in the collection, transportation, processing, storage, distribution, importing, and trading of gas and gas related products in Vietnam.

Binh Son Refining and Petrochemical

Market Cap: ₫133.9t

Manages and operates oil refinery in Vietnam.

FPT

Market Cap: ₫132.4t

Provides information technology (IT) and telecommunication products and services in Vietnam and internationally.

Vietnam Dairy Products

Market Cap: ₫131.2t

Provides milk and dairy products in Vietnam and internationally.

Ho Chi Minh City Development Commercial Bank

Market Cap: ₫130.9t

Provides various banking products and services to individuals and corporates in Vietnam and internationally.

Saigon Thuong Tin Commercial Bank

Market Cap: ₫126.1t

Provides banking products and services to individual and corporate clients.

Asia Commercial Bank

Market Cap: ₫122.5t

Provides various banking products and services to personal and business customers in Vietnam.

Vietnam National Petroleum Group

Market Cap: ₫52.3t

Imports, exports, and trades in petroleum products in Vietnam and internationally.

Tien Phong Commercial Bank

Market Cap: ₫45.2t

Provides various banking products and services to individuals and businesses in Vietnam.

Petrovietnam Camau Fertilizer

Market Cap: ₫24.6t

Engages in the production and trading of fertilizers in Vietnam and internationally.

Nam A Commercial Bank

Market Cap: ₫23.2t

Provides banking products and services in Vietnam.

Duc Giang Chemicals Group

Market Cap: ₫20.5t

Manufactures industrial products in Vietnam.

Ha Do Group

Market Cap: ₫10.4t

Engages in the electricity generation, transmission, and distribution activities in Vietnam.

Vinh Son - Song Hinh Hydropower

Market Cap: ₫10.2t

Provides electricity services in Vietnam.

Hoa Sen Group

Market Cap: ₫9.5t

Engages in the manufacturing and trading steel sheet in Vietnam and internationally.

Binh Duong Water - Environment Corporation -

Market Cap: ₫9.5t

Engages in the production and supply of treated water; and the waste treatment and waste-water treatment activities in Vietnam.

Viettel Post

Market Cap: ₫8.9t

Provides delivery and express delivery services for postal items, parcels and goods in Vietnam.

Kien Long Commercial Bank

Market Cap: ₫8.2t

Provides personal and business banking products and services in Vietnam.

PetroVietnam Power Nhon Trach 2

Market Cap: ₫7.5t

Engages in the production, transmission, and distribution of electricity in Vietnam.

Thu Dau Mot Water

Market Cap: ₫6.4t

Engages in producing and supplying treated water in Vietnam.

Thien Long Group

Market Cap: ₫4.9t

Manufactures and trades in stationery products under Bizner, FlexOffice, Colokit, Diem 10, and TL brands in Vietnam and internationally.

Bank for Investment and Development of Vietnam Insurance

Market Cap: ₫4.8t

Engages in non-life insurance, reinsurance, financial investment, and other activities in Vietnam.

Century Land

Market Cap: ₫3.6t

Engages in the property management, sale and lease of residential and commercial properties, and the provision of lease services and project development consultancy in Vietnam.

Southern Hydropower

Market Cap: ₫3.5t

Engages in the construction, production, installation, operation, transmission, and distribution of hydropower plants in Vietnam.

Taseco Air Services

Market Cap: ₫3.2t

Engages in airport commercial services in Vietnam.

Viet Nam Power Development

Market Cap: ₫2.5t

Engages in the electric generation business in Vietnam.

Thanh Cong Textile Garment Investment Trading

Market Cap: ₫2.5t

Engages in textile and garment manufacturing, fashion retail, real estate, and trademarks business in Vietnam and internationally.

Sao Ta Foods

Market Cap: ₫2.5t

Engages in farming, processing, and preserving aquatic products.

Bao Minh Insurance

Market Cap: ₫2.4t

Engages in providing non-life insurance and reinsurance, and financial investment products and services in Vietnam.

Thac Ba Hydropower

Market Cap: ₫2.2t

Produces and trades in electricity in Vietnam.

Petrolimex Petrochemical Corporation - JSC

Market Cap: ₫1.9t

Produces, imports, exports, and trades in lubricants, asphalt, chemicals, and other commodities of oil and gas industry in Vietnam and internationally.