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Vietnamese (HOSE) Market Analysis & Valuation
UpdatedSep 05, 2025
DataAggregated Company Financials
Companies688
- 7D1.0%
- 3M27.2%
- 1Y33.7%
- YTD32.7%
In the last week, the market has stayed flat, however the Materials sector stood out, gaining 5.0%. Meanwhile, the market is actually up 34% over the past year. As for the next few years, earnings are expected to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Fri, 05 Sep 2025 | ₫7578.1t | ₫3812.6t | ₫470.1t | 14.8x | 16.1x | 2x |
| Sun, 03 Aug 2025 | ₫6667.9t | ₫3800.0t | ₫461.6t | 14.6x | 14.4x | 1.8x |
| Tue, 01 Jul 2025 | ₫5959.7t | ₫3702.5t | ₫433.3t | 14x | 13.8x | 1.6x |
| Thu, 29 May 2025 | ₫5817.0t | ₫3682.1t | ₫431.8t | 14.1x | 13.5x | 1.6x |
| Sat, 26 Apr 2025 | ₫5358.0t | ₫3579.4t | ₫422.4t | 13.6x | 12.7x | 1.5x |
| Mon, 24 Mar 2025 | ₫5765.6t | ₫3489.9t | ₫424.7t | 14.3x | 13.6x | 1.7x |
| Wed, 19 Feb 2025 | ₫5588.1t | ₫3441.9t | ₫421.3t | 14x | 13.3x | 1.6x |
| Fri, 17 Jan 2025 | ₫5339.2t | ₫3014.9t | ₫372.4t | 13.9x | 14.3x | 1.8x |
| Sun, 15 Dec 2024 | ₫5402.9t | ₫3010.2t | ₫374.1t | 14.2x | 14.4x | 1.8x |
| Tue, 12 Nov 2024 | ₫5349.1t | ₫3013.9t | ₫373.1t | 13.7x | 14.3x | 1.8x |
| Thu, 10 Oct 2024 | ₫5485.1t | ₫2940.7t | ₫354.6t | 14.1x | 15.5x | 1.9x |
| Sat, 07 Sep 2024 | ₫5457.3t | ₫2936.9t | ₫360.5t | 14.4x | 15.1x | 1.9x |
| Mon, 05 Aug 2024 | ₫5284.1t | ₫3023.5t | ₫332.6t | 14.7x | 15.9x | 1.7x |
| Wed, 03 Jul 2024 | ₫5394.5t | ₫2919.4t | ₫320.2t | 16.2x | 16.8x | 1.8x |
| Fri, 31 May 2024 | ₫5369.1t | ₫2814.1t | ₫346.6t | 15.2x | 15.5x | 1.9x |
| Sun, 28 Apr 2024 | ₫5145.3t | ₫2813.7t | ₫343.8t | 14.5x | 15x | 1.8x |
| Tue, 26 Mar 2024 | ₫5387.5t | ₫2816.5t | ₫346.6t | 14.9x | 15.5x | 1.9x |
| Thu, 22 Feb 2024 | ₫5199.4t | ₫2798.7t | ₫340.9t | 14.5x | 15.3x | 1.9x |
| Sat, 20 Jan 2024 | ₫5020.4t | ₫2820.5t | ₫322.7t | 13.5x | 15.6x | 1.8x |
| Mon, 18 Dec 2023 | ₫4697.0t | ₫2818.5t | ₫320.0t | 13.2x | 14.7x | 1.7x |
| Wed, 15 Nov 2023 | ₫4726.9t | ₫2819.7t | ₫320.0t | 12.8x | 14.8x | 1.7x |
| Fri, 13 Oct 2023 | ₫4881.6t | ₫2739.9t | ₫320.2t | 13.9x | 15.2x | 1.8x |
| Sun, 10 Sep 2023 | ₫5244.6t | ₫2747.5t | ₫321.0t | 14.5x | 16.3x | 1.9x |
| Tue, 08 Aug 2023 | ₫5198.4t | ₫2732.2t | ₫321.1t | 14x | 16.2x | 1.9x |
| Thu, 06 Jul 2023 | ₫4757.9t | ₫2725.9t | ₫318.3t | 12.7x | 14.9x | 1.7x |
| Sat, 03 Jun 2023 | ₫4580.1t | ₫2728.6t | ₫315.5t | 12.7x | 14.5x | 1.7x |
| Mon, 01 May 2023 | ₫4401.9t | ₫2757.2t | ₫336.3t | 11.9x | 13.1x | 1.6x |
| Wed, 29 Mar 2023 | ₫4416.9t | ₫2795.6t | ₫344.4t | 10.5x | 12.8x | 1.6x |
| Fri, 24 Feb 2023 | ₫4458.7t | ₫2789.3t | ₫344.7t | 10.3x | 12.9x | 1.6x |
| Sun, 22 Jan 2023 | ₫4883.2t | ₫2686.9t | ₫354.3t | 10.3x | 13.8x | 1.8x |
| Tue, 20 Dec 2022 | ₫4593.9t | ₫2695.0t | ₫359.1t | 9.7x | 12.8x | 1.7x |
| Thu, 17 Nov 2022 | ₫4137.1t | ₫2667.6t | ₫357.1t | 8.4x | 11.6x | 1.6x |
| Sat, 15 Oct 2022 | ₫4688.2t | ₫2531.9t | ₫345.6t | 10.6x | 13.6x | 1.9x |
| Mon, 12 Sep 2022 | ₫5273.2t | ₫2532.4t | ₫347.5t | 12.5x | 15.2x | 2.1x |
Price to Earnings Ratio
15.2x
Current Market PE
- Investors are optimistic on the Vietnamese market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 16.1x which is higher than its 3-year average PE of 14.4x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have grown 11% 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 | 0.97% | |
| Materials | 5.00% | |
| Healthcare | 1.56% | |
| Financials | 1.49% | |
| Energy | 1.41% | |
| Consumer Staples | 1.39% | |
| Telecom | 0.92% | |
| Industrials | 0.90% | |
| Tech | 0.74% | |
| Consumer Discretionary | 0.49% | |
| Utilities | -0.31% | |
| Real Estate | -1.49% | |
Sector PE
- Investors favour the Energy sector the most for future growth, which is trading above its 3-year average PE ratio of 25.1x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 24.7% which is higher than its past year's earnings decline of 9.7% per year.
- The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 30.9x.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings decline of 9.7% 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| HPG Hoa Phat Group | ₫28.80k | 4.7% +₫10.0t | 36.1% | PE17.5x | Materials | |
| FPT FPT | ₫103.40k | 1.8% +₫3.1t | -10.0% | PE22x | Tech | |
| BSR Binh Son Refining and Petrochemical | ₫27.25k | 2.8% +₫2.3t | n/a | PE1267.4x | Energy | |
| GVR Vietnam Rubber Group - | ₫29.80k | 2.6% +₫2.1t | -13.6% | PE17.6x | Materials | |
| SJS SJ Group | ₫70.90k | 7.6% +₫1.5t | 162.3% | PE61.1x | Real Estate |
