Have your own idea? Try our Stock Screener
Vietnamese (HOSE) Market Analysis & Valuation
UpdatedJul 06, 2026
DataAggregated Company Financials
Companies694
- 7D-0.6%
- 3M11.0%
- 1Y33.1%
- YTD4.3%
In the last week, the market has been flat, with a notable exception in the Real Estate sector dropping 4.0%. Meanwhile, the market is actually up 33% over the past year. As for the next few years, earnings are expected to grow by 20% per annum.
Market Valuation and Performance
Has the Vietnamese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 06 Jul 2026 | ₫9182.6t | ₫4679.3t | ₫641.9t | 11.1x | 14.3x | 2x |
| Wed, 03 Jun 2026 | ₫9040.1t | ₫4675.7t | ₫640.5t | 11.1x | 14.1x | 1.9x |
| Fri, 01 May 2026 | ₫9101.3t | ₫4482.6t | ₫596.1t | 11.8x | 15.3x | 2x |
| Sun, 29 Mar 2026 | ₫8256.9t | ₫4423.4t | ₫593.4t | 11.9x | 13.9x | 1.9x |
| Tue, 24 Feb 2026 | ₫9155.6t | ₫4426.3t | ₫592.9t | 12.3x | 15.4x | 2.1x |
| Thu, 22 Jan 2026 | ₫9152.7t | ₫4086.2t | ₫524.8t | 12.4x | 17.4x | 2.2x |
| Sat, 20 Dec 2025 | ₫8042.4t | ₫4017.0t | ₫508.2t | 12.4x | 15.8x | 2x |
| Mon, 17 Nov 2025 | ₫7602.4t | ₫4019.1t | ₫509.0t | 12.7x | 14.9x | 1.9x |
| Wed, 15 Oct 2025 | ₫7858.2t | ₫3826.4t | ₫475.2t | 14.5x | 16.5x | 2.1x |
| Fri, 12 Sep 2025 | ₫7394.6t | ₫3812.9t | ₫469.3t | 14.6x | 15.8x | 1.9x |
| Sun, 10 Aug 2025 | ₫7077.9t | ₫3798.5t | ₫467.6t | 14.6x | 15.1x | 1.9x |
| Tue, 08 Jul 2025 | ₫6065.8t | ₫3722.2t | ₫433.8t | 14x | 14x | 1.6x |
| Thu, 05 Jun 2025 | ₫5840.5t | ₫3691.7t | ₫433.0t | 14.1x | 13.5x | 1.6x |
| Sat, 03 May 2025 | ₫5347.8t | ₫3615.5t | ₫432.3t | 13.6x | 12.4x | 1.5x |
| Mon, 31 Mar 2025 | ₫5739.2t | ₫3510.9t | ₫422.5t | 14.3x | 13.6x | 1.6x |
| Wed, 26 Feb 2025 | ₫5679.0t | ₫3445.4t | ₫421.6t | 14.3x | 13.5x | 1.6x |
| Fri, 24 Jan 2025 | ₫5485.2t | ₫3167.8t | ₫381.5t | 14.1x | 14.4x | 1.7x |
| Sun, 22 Dec 2024 | ₫5389.7t | ₫3013.0t | ₫374.2t | 14.4x | 14.4x | 1.8x |
| Tue, 19 Nov 2024 | ₫5209.3t | ₫3011.4t | ₫374.0t | 13.9x | 13.9x | 1.7x |
| Thu, 17 Oct 2024 | ₫5471.3t | ₫2940.8t | ₫354.9t | 14x | 15.4x | 1.9x |
| Sat, 14 Sep 2024 | ₫5356.0t | ₫2928.4t | ₫361.4t | 14.2x | 14.8x | 1.8x |
| Mon, 12 Aug 2024 | ₫5238.5t | ₫2929.7t | ₫361.4t | 14.4x | 14.5x | 1.8x |
| Wed, 10 Jul 2024 | ₫5495.7t | ₫2918.2t | ₫319.3t | 16.4x | 17.2x | 1.9x |
| Fri, 07 Jun 2024 | ₫5443.7t | ₫2814.4t | ₫346.6t | 15.4x | 15.7x | 1.9x |
| Sun, 05 May 2024 | ₫5192.2t | ₫2789.7t | ₫341.7t | 14.6x | 15.2x | 1.9x |
| Tue, 02 Apr 2024 | ₫5442.2t | ₫2803.7t | ₫346.5t | 15.1x | 15.7x | 1.9x |
| Thu, 29 Feb 2024 | ₫5299.8t | ₫2801.1t | ₫341.7t | 14.7x | 15.5x | 1.9x |
| Sat, 27 Jan 2024 | ₫4997.9t | ₫2819.9t | ₫321.3t | 13.6x | 15.6x | 1.8x |
| Mon, 25 Dec 2023 | ₫4708.5t | ₫2829.7t | ₫323.7t | 13x | 14.5x | 1.7x |
| Wed, 22 Nov 2023 | ₫4729.7t | ₫2819.8t | ₫320.0t | 13x | 14.8x | 1.7x |
| Fri, 20 Oct 2023 | ₫4611.8t | ₫2736.3t | ₫318.7t | 13.7x | 14.5x | 1.7x |
| Sun, 17 Sep 2023 | ₫5189.4t | ₫2747.4t | ₫321.0t | 14x | 16.2x | 1.9x |
| Tue, 15 Aug 2023 | ₫5203.3t | ₫2741.2t | ₫321.8t | 14.3x | 16.2x | 1.9x |
| Thu, 13 Jul 2023 | ₫4837.0t | ₫2725.7t | ₫318.2t | 13x | 15.2x | 1.8x |
Price to Earnings Ratio
15.2x
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 14.9x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have grown 26% per year over the last three years.
- Revenues for these companies have grown 20% 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 | -0.59% | |
| Tech | 2.12% | |
| Consumer Staples | 2.06% | |
| Financials | 1.51% | |
| Energy | 1.24% | |
| Industrials | 0.12% | |
| Materials | -0.0044% | |
| Healthcare | -0.38% | |
| Utilities | -1.13% | |
| Consumer Discretionary | -1.79% | |
| Telecom | -3.77% | |
| Real Estate | -3.97% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading close to its 3-year average PE ratio of 25.4x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 10.7x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 26% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Energy sector is expected to see its earnings grow by 3.8% per year 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 | |
|---|---|---|---|---|---|---|
| VIC Vingroup | ₫220.30k | 1.4% +₫23.2t | 373.8% | PE150.4x | Real Estate | |
| VHM Vinhomes | ₫154.10k | 2.5% +₫15.6t | 100.4% | PE9.8x | Real Estate | |
| MCH Masan Consumer | ₫139.00k | 6.1% +₫10.4t | n/a | PE26.2x | Consumer Staples | |
| HDB Ho Chi Minh City Development Commercial Bank | ₫27.20k | 5.4% +₫7.0t | 51.4% | PB1.7x | Financials | |
| HVN Vietnam Airlines JSC | ₫25.35k | 7.4% +₫5.4t | -33.3% | PE9.6x | Industrials |
