Vietnamese Software Defensive Blue Chips

Chunghwa Telecom

Market Cap: NT$1.1t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Foshan Haitian Flavouring and Food

Market Cap: CN¥230.8b

Foshan Haitian Flavouring and Food Company Ltd.

Power Corporation of Canada

Market Cap: CA$46.2b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Swiss Life Holding

Market Cap: CHF 26.3b

Provides life, pensions, and financial solutions for private and corporate clients.

Sompo Holdings

Market Cap: JP¥5.3t

Provides property and casualty insurance services in Japan and internationally.

ResMed

Market Cap: US$33.1b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Advanced Info Service

Market Cap: ฿1.0t

Operates as a telecommunications company primarily in Thailand.

Banca Monte dei Paschi di Siena

Market Cap: €27.8b

Provides various banking products and services in Italy and internationally.

AST SpaceMobile

Market Cap: US$32.7b

Designs and develops the constellation of BlueBird satellites in the United States.

ON Semiconductor

Market Cap: US$32.7b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

Avenue Supermarts

Market Cap: ₹3.0t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Amrize

Market Cap: CHF 25.4b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America.

Daiichi Life Group

Market Cap: JP¥5.1t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

Ørsted

Market Cap: DKK 205.7b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

Archer-Daniels-Midland

Market Cap: US$32.3b

Provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

QNB Bank

Market Cap: ₺1.4t

Provides various banking and financial services in Turkey.

Shinhan Financial Group

Market Cap: ₩47.3t

Provides financial products and services in South Korea, Vietnam, and Japan.

M&T Bank

Market Cap: US$32.1b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Standard Bank Group

Market Cap: R523.1b

Provides financial products and services in South Africa and internationally.

Renesas Electronics

Market Cap: JP¥5.1t

Engages in the design, research, development, manufacturing, sale, and service of semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

Power Grid Corporation of India

Market Cap: ₹3.0t

An electric power transmission utility, engages in the power transmission business in India and internationally.

CEZ a. s

Market Cap: Kč650.6b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Western, Central, and Southeastern Europe.

Capitec Bank Holdings

Market Cap: R512.5b

Through its subsidiaries, provides various banking products and services in South Africa.

Ping An Bank

Market Cap: CN¥213.7b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Grupo Financiero Banorte. de

Market Cap: Mex$541.7b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Japan Post Holdings

Market Cap: JP¥4.9t

Provides postal, banking, and insurance services in Japan.

Samsung Life Insurance

Market Cap: ₩45.5t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 24.2b

Engages in the development, manufacture, and sale of chocolate products worldwide.

Atmos Energy

Market Cap: US$30.9b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

Veolia Environnement

Market Cap: €26.0b

Designs and provides water, waste, and energy management solutions.

GLOBALFOUNDRIES

Market Cap: US$30.5b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies in the United States, Europe, the Middle East, Africa, and internationally.

Bank of Ningbo

Market Cap: CN¥205.6b

Provides various personal and business banking products and services in the People's Republic of China.

GigaDevice Semiconductor

Market Cap: CN¥205.3b

Engages in the research, development, technical support, and sale of memory, microcontrollers, sensors, and analog chips.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp516.6t

Provides various banking products and services in Indonesia and internationally.

Seven & i Holdings

Market Cap: JP¥4.7t

Operates convenience stores, superstores, and department stores in Japan, North America, and internationally.

Astera Labs

Market Cap: US$29.8b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.