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Vietnamese (HOSE) Market Analysis & Valuation

UpdatedMay 29, 2025
DataAggregated Company Financials
Companies687
  • 7D1.6%
  • 3M1.5%
  • 1Y4.6%
  • YTD5.1%

Over the last 7 days, the market has risen 1.6%, driven by gains of 5.8% in the Real Estate sector. The market is up 4.6% over the last 12 months. Looking forward, earnings are forecast to grow by 13% annually.

Trending IndustriesOil and GasRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 May 2025₫5817.0t₫3682.1t₫431.8t14.1x13.5x1.6x
Sat, 26 Apr 2025₫5358.0t₫3579.4t₫422.4t13.6x12.7x1.5x
Mon, 24 Mar 2025₫5765.6t₫3489.9t₫424.7t14.3x13.6x1.7x
Wed, 19 Feb 2025₫5588.1t₫3441.9t₫421.3t14x13.3x1.6x
Fri, 17 Jan 2025₫5339.2t₫3014.9t₫372.4t13.9x14.3x1.8x
Sun, 15 Dec 2024₫5402.9t₫3010.2t₫374.1t14.2x14.4x1.8x
Tue, 12 Nov 2024₫5349.1t₫3013.9t₫373.1t13.7x14.3x1.8x
Thu, 10 Oct 2024₫5485.1t₫2940.7t₫354.6t14.1x15.5x1.9x
Sat, 07 Sep 2024₫5457.3t₫2936.9t₫360.5t14.4x15.1x1.9x
Mon, 05 Aug 2024₫5284.1t₫3023.5t₫332.6t14.7x15.9x1.7x
Wed, 03 Jul 2024₫5394.5t₫2919.4t₫320.2t16.2x16.8x1.8x
Fri, 31 May 2024₫5369.1t₫2814.1t₫346.6t15.2x15.5x1.9x
Sun, 28 Apr 2024₫5145.3t₫2813.7t₫343.8t14.5x15x1.8x
Tue, 26 Mar 2024₫5387.5t₫2816.5t₫346.6t14.9x15.5x1.9x
Thu, 22 Feb 2024₫5199.4t₫2798.7t₫340.9t14.5x15.3x1.9x
Sat, 20 Jan 2024₫5020.4t₫2820.5t₫322.7t13.5x15.6x1.8x
Mon, 18 Dec 2023₫4697.0t₫2818.5t₫320.0t13.2x14.7x1.7x
Wed, 15 Nov 2023₫4726.9t₫2819.7t₫320.0t12.8x14.8x1.7x
Fri, 13 Oct 2023₫4881.6t₫2739.9t₫320.2t13.9x15.2x1.8x
Sun, 10 Sep 2023₫5244.6t₫2747.5t₫321.0t14.5x16.3x1.9x
Tue, 08 Aug 2023₫5198.4t₫2732.2t₫321.1t14x16.2x1.9x
Thu, 06 Jul 2023₫4757.9t₫2725.9t₫318.3t12.7x14.9x1.7x
Sat, 03 Jun 2023₫4580.1t₫2728.6t₫315.5t12.7x14.5x1.7x
Mon, 01 May 2023₫4401.9t₫2757.2t₫336.3t11.9x13.1x1.6x
Wed, 29 Mar 2023₫4416.9t₫2795.6t₫344.4t10.5x12.8x1.6x
Fri, 24 Feb 2023₫4458.7t₫2789.3t₫344.7t10.3x12.9x1.6x
Sun, 22 Jan 2023₫4883.2t₫2686.9t₫354.3t10.3x13.8x1.8x
Tue, 20 Dec 2022₫4593.9t₫2695.0t₫359.1t9.7x12.8x1.7x
Thu, 17 Nov 2022₫4137.1t₫2667.6t₫357.1t8.4x11.6x1.6x
Sat, 15 Oct 2022₫4688.2t₫2531.9t₫345.6t10.6x13.6x1.9x
Mon, 12 Sep 2022₫5273.2t₫2532.4t₫347.5t12.5x15.2x2.1x
Wed, 10 Aug 2022₫5291.9t₫2538.0t₫350.4t12.4x15.1x2.1x
Fri, 08 Jul 2022₫4902.3t₫2473.4t₫345.0t12x14.2x2x
Sun, 05 Jun 2022₫5416.7t₫2502.7t₫348.3t12.8x15.6x2.2x
Price to Earnings Ratio

15.6x


Total Market Cap: ₫5416.7tTotal Earnings: ₫348.3tTotal Revenue: ₫2502.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Vietnamese Market Price to Earnings3Y Average 14.4x202320242025
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 7.4% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Market1.57%
Real Estate5.82%
Energy3.41%
Utilities3.40%
Industrials2.81%
Telecom1.89%
Materials1.21%
Consumer Staples0.65%
Consumer Discretionary0.50%
Tech0.18%
Financials-0.26%
Healthcare-1.44%
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 18.3%, which is higher than its past year's earnings growth of 0.9% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 10.5x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 20% 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?

CompanyLast Price7D1YValuationSector
VHM Vinhomes₫76.90k12.9%
+₫36.1t
97.2%PE9.4xReal Estate
VIC Vingroup₫97.00k4.9%
+₫16.7t
124.8%PE34.8xReal Estate
GVR Vietnam Rubber Group -₫29.40k9.5%
+₫7.1t
-18.3%PE19.4xMaterials
GAS Petrovietnam Gas₫64.00k4.9%
+₫7.0t
-19.5%PE14.4xUtilities
VRE Vincom Retail₫27.65k9.1%
+₫5.2t
28.0%PE15xReal Estate
See more
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Latest News

VIC

₫97,000.00

Vingroup

7D

4.9%

1Y

124.8%

VCB

₫56,700.00

Commercial Bank for Foreign Trade of Vietnam

7D

-0.4%

1Y

-4.3%

GEX

₫35,800.00

GELEX Group

7D

11.9%

1Y

59.3%

VHM

₫76,900.00

Vinhomes

7D

12.9%

1Y

97.2%

ACB

₫21,300.00

Asia Commercial Bank

7D

-4.1%

1Y

-4.2%

GVR

₫29,400.00

Vietnam Rubber Group -

7D

9.5%

1Y

-18.3%

KSV

₫169,100.00

Vinacomin - Minerals Holding

7D

-5.7%

1Y

394.4%

VPB

₫18,150.00

Vietnam Prosperity Commercial Bank

7D

-0.8%

1Y

1.1%

DHG

₫98,900.00

DHG Pharmaceutical

7D

-7.1%

1Y

-19.9%

GAS

₫64,000.00

Petrovietnam Gas

7D

4.9%

1Y

-19.5%

VRE

₫27,650.00

Vincom Retail

7D

9.1%

1Y

28.0%

SSB

₫18,400.00

Southeast Asia Commercial Bank

7D

-1.3%

1Y

-2.8%

MSN

₫63,400.00

Masan Group

7D

-0.9%

1Y

-17.9%

EIB

₫22,900.00

Vietnam Export Import Commercial Bank

7D

8.5%

1Y

24.4%

MBB

₫24,500.00

Military Commercial Bank

7D

-0.6%

1Y

28.9%

BID

₫36,450.00

Commercial Bank for Investment and Development of Vietnam

7D

1.3%

1Y

-7.5%