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Vietnamese (HOSE) Market Analysis & Valuation
UpdatedJul 09, 2025
DataAggregated Company Financials
Companies687
- 7D2.9%
- 3M28.1%
- 1Y8.9%
- YTD10.8%
The market is up 2.9% in the last 7 days, led by the Financials and all sectors gaining ground. As for the past 12 months, the market is up 8.9%. Looking forward, earnings are forecast to grow by 14% annually.
Market Valuation and Performance
Has the Vietnamese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 09 Jul 2025 | ₫6125.2t | ₫3722.4t | ₫433.8t | 14.2x | 14.1x | 1.6x |
| Fri, 06 Jun 2025 | ₫5829.4t | ₫3691.7t | ₫433.0t | 14.2x | 13.5x | 1.6x |
| Sun, 04 May 2025 | ₫5347.8t | ₫3677.0t | ₫431.1t | 13.6x | 12.4x | 1.5x |
| Tue, 01 Apr 2025 | ₫5694.4t | ₫3510.9t | ₫422.5t | 14.3x | 13.5x | 1.6x |
| Thu, 27 Feb 2025 | ₫5677.7t | ₫3445.5t | ₫421.5t | 14.4x | 13.5x | 1.6x |
| Sat, 25 Jan 2025 | ₫5507.4t | ₫3169.4t | ₫381.8t | 14.3x | 14.4x | 1.7x |
| Mon, 23 Dec 2024 | ₫5389.7t | ₫3013.0t | ₫374.2t | 14.4x | 14.4x | 1.8x |
| Wed, 20 Nov 2024 | ₫5160.0t | ₫3011.4t | ₫374.0t | 13.5x | 13.8x | 1.7x |
| Fri, 18 Oct 2024 | ₫5503.7t | ₫2941.3t | ₫355.0t | 14.1x | 15.5x | 1.9x |
| Sun, 15 Sep 2024 | ₫5356.0t | ₫2928.4t | ₫361.4t | 14.2x | 14.8x | 1.8x |
| Tue, 13 Aug 2024 | ₫5262.9t | ₫2928.5t | ₫360.4t | 14.6x | 14.6x | 1.8x |
| Thu, 11 Jul 2024 | ₫5465.6t | ₫2918.2t | ₫319.3t | 16.5x | 17.1x | 1.9x |
| Sat, 08 Jun 2024 | ₫5458.2t | ₫2814.4t | ₫346.6t | 15.4x | 15.7x | 1.9x |
| Mon, 06 May 2024 | ₫5192.2t | ₫2792.1t | ₫342.8t | 14.6x | 15.1x | 1.9x |
| Wed, 03 Apr 2024 | ₫5464.4t | ₫2803.7t | ₫346.5t | 15.1x | 15.8x | 1.9x |
| Fri, 01 Mar 2024 | ₫5293.8t | ₫2801.3t | ₫341.7t | 14.6x | 15.5x | 1.9x |
| Sun, 28 Jan 2024 | ₫4999.1t | ₫2820.3t | ₫322.1t | 13.6x | 15.5x | 1.8x |
| Tue, 26 Dec 2023 | ₫4767.1t | ₫2829.7t | ₫323.7t | 13.1x | 14.7x | 1.7x |
| Thu, 23 Nov 2023 | ₫4746.0t | ₫2819.8t | ₫320.0t | 13x | 14.8x | 1.7x |
| Sat, 21 Oct 2023 | ₫4697.0t | ₫2737.1t | ₫319.1t | 13.4x | 14.7x | 1.7x |
| Mon, 18 Sep 2023 | ₫5189.4t | ₫2747.4t | ₫321.0t | 14x | 16.2x | 1.9x |
| Wed, 16 Aug 2023 | ₫5192.9t | ₫2741.2t | ₫321.8t | 14.3x | 16.1x | 1.9x |
| Fri, 14 Jul 2023 | ₫4883.2t | ₫2725.9t | ₫318.1t | 13.1x | 15.3x | 1.8x |
| Sun, 11 Jun 2023 | ₫4647.8t | ₫2730.5t | ₫315.6t | 12.7x | 14.7x | 1.7x |
| Tue, 09 May 2023 | ₫4419.9t | ₫2737.3t | ₫322.8t | 11.8x | 13.7x | 1.6x |
| Thu, 06 Apr 2023 | ₫4516.4t | ₫2790.8t | ₫343.7t | 10.9x | 13.1x | 1.6x |
| Sat, 04 Mar 2023 | ₫4339.7t | ₫2789.3t | ₫344.7t | 10.2x | 12.6x | 1.6x |
| Mon, 30 Jan 2023 | ₫4925.6t | ₫2687.5t | ₫351.0t | 10.4x | 14x | 1.8x |
| Wed, 28 Dec 2022 | ₫4439.1t | ₫2696.6t | ₫359.4t | 9.4x | 12.4x | 1.6x |
| Fri, 25 Nov 2022 | ₫4173.4t | ₫2686.1t | ₫359.1t | 8.8x | 11.6x | 1.6x |
| Sun, 23 Oct 2022 | ₫4509.9t | ₫2564.2t | ₫355.5t | 10.2x | 12.7x | 1.8x |
| Tue, 20 Sep 2022 | ₫5085.4t | ₫2532.5t | ₫345.1t | 12.1x | 14.7x | 2x |
| Thu, 18 Aug 2022 | ₫5382.8t | ₫2538.1t | ₫349.0t | 12.5x | 15.4x | 2.1x |
| Sat, 16 Jul 2022 | ₫4960.3t | ₫2475.9t | ₫346.4t | 12.3x | 14.3x | 2x |
Price to Earnings Ratio
14.3x
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 14.4x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have grown 7.8% per year over the last three years.
- Revenues for these companies have grown 15% 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 Market | 2.87% | |
| Tech | 4.28% | |
| Financials | 3.94% | |
| Materials | 3.41% | |
| Industrials | 2.86% | |
| Energy | 1.84% | |
| Telecom | 1.83% | |
| Real Estate | 1.74% | |
| Utilities | 1.61% | |
| Consumer Discretionary | 1.29% | |
| Healthcare | 1.15% | |
| Consumer Staples | 0.94% | |
Sector PE
- Investors favour the Energy sector the most for future growth, which is trading close to its 3-year average PE ratio of 25.8x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 17.7%, which is higher than its past year's earnings growth of 3.2% per year.
- The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 33.0x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 21% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Real Estate industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| VCB Commercial Bank for Foreign Trade of Vietnam | ₫61.50k | 6.0% +₫29.2t | 3.8% | PB2.5x | Financials | |
| VHM Vinhomes | ₫81.80k | 7.6% +₫23.8t | 113.9% | PE10x | Real Estate | |
| CTG Vietnam Commercial Bank for Industry and Trade | ₫45.00k | 7.4% +₫16.6t | 38.9% | PB1.6x | Financials | |
| HPG Hoa Phat Group | ₫24.75k | 8.1% +₫14.2t | 2.6% | PE16.3x | Materials | |
| BID Commercial Bank for Investment and Development of Vietnam | ₫38.20k | 4.9% +₫12.6t | -1.4% | PB1.8x | Financials |
