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Vietnamese (HOSE) Market Analysis & Valuation

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies701
  • 7D1.2%
  • 3M14.6%
  • 1Y20.1%
  • YTD10.8%

The market is up 1.2% over the last week, with the Materials sector leading the way, up 4.4%. As for the past 12 months, the market is up 20%. As for the next few years, earnings are expected to grow by 19% per annum.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

Has the Vietnamese Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024₫5351.6t₫2814.5t₫346.6t14.9x15.4x1.9x
Thu, 15 Feb 2024₫5072.8t₫2798.0t₫340.4t14.2x14.9x1.8x
Sat, 13 Jan 2024₫4911.9t₫2819.8t₫322.5t13.6x15.2x1.7x
Mon, 11 Dec 2023₫4790.5t₫2819.1t₫320.1t13.4x15x1.7x
Wed, 08 Nov 2023₫4604.1t₫2735.2t₫315.4t12.9x14.6x1.7x
Fri, 06 Oct 2023₫4889.7t₫2740.0t₫320.2t13.9x15.3x1.8x
Sun, 03 Sep 2023₫5153.7t₫2739.7t₫321.3t14.3x16x1.9x
Tue, 01 Aug 2023₫5122.2t₫2691.2t₫313.5t14x16.3x1.9x
Thu, 29 Jun 2023₫4757.5t₫2731.4t₫315.8t12.7x15.1x1.7x
Sat, 27 May 2023₫4467.6t₫2726.8t₫315.1t12.1x14.2x1.6x
Mon, 24 Apr 2023₫4377.1t₫2781.4t₫334.5t11.5x13.1x1.6x
Wed, 22 Mar 2023₫4326.7t₫2794.7t₫344.8t10.4x12.5x1.5x
Fri, 17 Feb 2023₫4475.4t₫2789.3t₫348.7t10.2x12.8x1.6x
Sun, 15 Jan 2023₫4675.8t₫2681.5t₫354.5t9.8x13.2x1.7x
Tue, 13 Dec 2022₫4572.2t₫2685.8t₫359.0t9.8x12.7x1.7x
Thu, 10 Nov 2022₫4173.2t₫2668.6t₫358.0t9.1x11.7x1.6x
Sat, 08 Oct 2022₫4586.1t₫2531.9t₫345.7t10.8x13.3x1.8x
Mon, 05 Sep 2022₫5400.3t₫2531.2t₫347.1t12.7x15.6x2.1x
Wed, 03 Aug 2022₫5220.3t₫2512.2t₫362.2t12.2x14.4x2.1x
Fri, 01 Jul 2022₫5030.2t₫2509.4t₫348.4t12.5x14.4x2x
Sun, 29 May 2022₫5415.2t₫2508.5t₫348.2t12.9x15.6x2.2x
Tue, 26 Apr 2022₫5535.3t₫2413.8t₫334.6t13.7x16.5x2.3x
Thu, 24 Mar 2022₫6372.5t₫2454.0t₫336.1t16.8x19x2.6x
Sat, 19 Feb 2022₫6309.9t₫2450.3t₫338.1t15.5x18.7x2.6x
Mon, 17 Jan 2022₫6247.0t₫2292.8t₫320.5t16.2x19.5x2.7x
Wed, 15 Dec 2021₫6132.9t₫2306.2t₫323.9t16.7x18.9x2.7x
Fri, 12 Nov 2021₫6043.5t₫2290.2t₫322.7t16.4x18.7x2.6x
Sun, 10 Oct 2021₫5613.7t₫2284.9t₫309.7t14.4x18.1x2.5x
Tue, 07 Sep 2021₫5513.6t₫2392.4t₫316.5t13.8x17.4x2.3x
Thu, 05 Aug 2021₫5400.5t₫2419.4t₫315.7t12.4x17.1x2.2x
Sun, 09 May 2021₫4923.7t₫2267.0t₫284.8t12.3x17.3x2.2x
Price to Earnings Ratio

16.6x


Total Market Cap: ₫4728.8tTotal Earnings: ₫284.8tTotal Revenue: ₫2267.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Vietnamese Market Price to Earnings3Y Average 15.8x202220232024
Current Market PE
  • Investors are relatively neutral on the Vietnamese market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 15.8x.
Past Earnings Growth
  • The earnings for Vietnamese listed companies have grown 6.8% per year over the last three years.
  • Revenues for these companies have grown 7.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Vietnamese Market?

VN Market1.17%
Tech5.93%
Materials4.44%
Energy3.38%
Industrials2.46%
Telecom2.01%
Utilities1.78%
Consumer Discretionary1.58%
Healthcare0.95%
Financials0.39%
Real Estate0.30%
Consumer Staples-0.87%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 22.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 38.7% which is higher than its past year's earnings decline of 19.4% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 12.1x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 39% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
BID Commercial Bank for Investment and Development of Vietnam₫52.00k3.0%
+₫8.6t
29.2%PB2.5xFinancials
GVR Vietnam Rubber Group -₫32.55k10.2%
+₫8.3t
126.8%n/aMaterials
VRE Vincom Retail₫27.55k12.4%
+₫6.9t
-5.0%PE14.2xReal Estate
VIC Vingroup₫46.10k3.9%
+₫6.5t
-12.7%PE83.1xReal Estate
GAS Petrovietnam Gas₫80.20k3.1%
+₫5.5t
-6.6%PE16.1xUtilities
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

GVR

₫32,550.00

Vietnam Rubber Group -

7D

10.2%

1Y

126.8%

CTG

₫33,300.00

Vietnam Commercial Bank for Industry and Trade

7D

-2.5%

1Y

32.9%

VIC

₫46,100.00

Vingroup

7D

3.9%

1Y

-12.7%

GAS

₫80,200.00

Petrovietnam Gas

7D

3.1%

1Y

-6.6%

FPT

₫113,000.00

FPT

7D

2.7%

1Y

67.5%

VNM

₫67,900.00

Vietnam Dairy Products

7D

-3.4%

1Y

-8.6%

VHM

₫42,100.00

Vinhomes

7D

-1.1%

1Y

-1.1%

BID

₫52,000.00

Commercial Bank for Investment and Development of Vietnam

7D

3.0%

1Y

29.2%

VCB

₫93,000.00

Commercial Bank for Foreign Trade of Vietnam

7D

-1.2%

1Y

29.1%

VRE

₫27,550.00

Vincom Retail

7D

12.4%

1Y

-5.0%

SAB

₫56,700.00

Saigon Beer - Alcohol - Beverage

7D

-4.4%

1Y

-40.0%

VPB

₫18,200.00

Vietnam Prosperity Commercial Bank

7D

-1.9%

1Y

-7.6%

HDB

₫22,300.00

Ho Chi Minh City Development Commercial Bank

7D

-3.5%

1Y

44.1%

VIB

₫22,250.00

Vietnam International Commercial Bank

7D

4.5%

1Y

29.9%

BCM

₫64,600.00

Investment and Industrial Development Corporation - JSC

7D

-3.7%

1Y

-20.8%