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Vietnamese (HOSE) Market Analysis & Valuation
UpdatedNov 04, 2025
DataAggregated Company Financials
Companies694
- 7D-2.1%
- 3M4.2%
- 1Y30.3%
- YTD25.5%
Over the last 7 days, the market has dropped 2.1%, driven by a decline of 6.7% in the Real Estate sector. In contrast, the Information Technology sector has actually gained 6.5%. In contrast to the last week, the market is actually up 30% over the past year. As for the next few years, earnings are expected to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Wed, 05 Nov 2025 | ₫7485.4t | ₫4013.6t | ₫508.0t | 12.8x | 14.7x | 1.9x |
| Fri, 03 Oct 2025 | ₫7358.1t | ₫3811.2t | ₫469.9t | 14.5x | 15.7x | 1.9x |
| Sun, 31 Aug 2025 | ₫7514.1t | ₫3799.7t | ₫468.1t | 14.6x | 16.1x | 2x |
| Tue, 29 Jul 2025 | ₫6929.8t | ₫3758.0t | ₫438.7t | 15x | 15.8x | 1.8x |
| Thu, 26 Jun 2025 | ₫5914.0t | ₫3695.1t | ₫433.0t | 13.7x | 13.7x | 1.6x |
| Sat, 24 May 2025 | ₫5694.7t | ₫3682.0t | ₫431.9t | 14x | 13.2x | 1.5x |
| Mon, 21 Apr 2025 | ₫5317.5t | ₫3565.2t | ₫418.6t | 13.4x | 12.7x | 1.5x |
| Wed, 19 Mar 2025 | ₫5806.2t | ₫3469.1t | ₫422.8t | 14.5x | 13.7x | 1.7x |
| Fri, 14 Feb 2025 | ₫5551.7t | ₫3432.9t | ₫420.2t | 14.1x | 13.2x | 1.6x |
| Sun, 12 Jan 2025 | ₫5286.8t | ₫3014.9t | ₫372.4t | 13.8x | 14.2x | 1.8x |
| Tue, 10 Dec 2024 | ₫5446.5t | ₫3010.2t | ₫374.0t | 14.3x | 14.6x | 1.8x |
| Thu, 07 Nov 2024 | ₫5398.8t | ₫3014.1t | ₫374.3t | 13.7x | 14.4x | 1.8x |
| Sat, 05 Oct 2024 | ₫5442.5t | ₫2936.1t | ₫361.7t | 13.9x | 15x | 1.9x |
| Mon, 02 Sep 2024 | ₫5499.2t | ₫2933.9t | ₫360.4t | 14.8x | 15.3x | 1.9x |
| Wed, 31 Jul 2024 | ₫5317.7t | ₫2938.5t | ₫325.4t | 15.2x | 16.3x | 1.8x |
| Fri, 28 Jun 2024 | ₫5338.3t | ₫2920.9t | ₫320.8t | 16.1x | 16.6x | 1.8x |
| Sun, 26 May 2024 | ₫5359.7t | ₫2816.6t | ₫346.3t | 15x | 15.5x | 1.9x |
| Tue, 23 Apr 2024 | ₫4999.3t | ₫2800.0t | ₫337.9t | 14.3x | 14.8x | 1.8x |
| Thu, 21 Mar 2024 | ₫5351.2t | ₫2816.4t | ₫313.7t | 14.9x | 17.1x | 1.9x |
| Sat, 17 Feb 2024 | ₫5117.5t | ₫2797.9t | ₫340.5t | 14.2x | 15x | 1.8x |
| Mon, 15 Jan 2024 | ₫4911.9t | ₫2820.0t | ₫322.6t | 13.6x | 15.2x | 1.7x |
| Wed, 13 Dec 2023 | ₫4804.3t | ₫2819.1t | ₫320.1t | 13.1x | 15x | 1.7x |
| Fri, 10 Nov 2023 | ₫4746.8t | ₫2830.3t | ₫319.5t | 12.9x | 14.9x | 1.7x |
| Sun, 08 Oct 2023 | ₫4783.3t | ₫2739.9t | ₫320.2t | 14x | 14.9x | 1.7x |
| Tue, 05 Sep 2023 | ₫5153.7t | ₫2739.0t | ₫320.7t | 14.3x | 16.1x | 1.9x |
| Thu, 03 Aug 2023 | ₫5112.8t | ₫2748.6t | ₫316.8t | 14.1x | 16.1x | 1.9x |
| Sat, 01 Jul 2023 | ₫4701.8t | ₫2731.3t | ₫315.8t | 12.6x | 14.9x | 1.7x |
| Mon, 29 May 2023 | ₫4467.6t | ₫2726.8t | ₫315.1t | 12.1x | 14.2x | 1.6x |
| Wed, 26 Apr 2023 | ₫4344.2t | ₫2775.1t | ₫334.6t | 11.6x | 13x | 1.6x |
| Fri, 24 Mar 2023 | ₫4377.7t | ₫2795.5t | ₫344.9t | 10.4x | 12.7x | 1.6x |
| Sun, 19 Feb 2023 | ₫4482.1t | ₫2789.7t | ₫345.2t | 10.1x | 13x | 1.6x |
| Tue, 17 Jan 2023 | ₫4699.4t | ₫2681.5t | ₫354.5t | 9.8x | 13.3x | 1.8x |
| Thu, 15 Dec 2022 | ₫4649.9t | ₫2685.8t | ₫359.0t | 9.8x | 13x | 1.7x |
| Sat, 12 Nov 2022 | ₫4201.4t | ₫2667.4t | ₫357.0t | 9x | 11.8x | 1.6x |
Price to Earnings Ratio
11.8x
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 14.5x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have grown 12% 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 | -2.06% | |
| Tech | 6.53% | |
| Utilities | 2.25% | |
| Consumer Staples | 0.67% | |
| Materials | 0.61% | |
| Energy | 0.41% | |
| Healthcare | 0.091% | |
| Industrials | -0.54% | |
| Telecom | -0.92% | |
| Financials | -1.61% | |
| Consumer Discretionary | -2.73% | |
| Real Estate | -6.65% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 17.2x.
- Analysts are expecting annual earnings growth of 21.0%, which is lower than the prior year's growth of 28.1% per year.
- The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 29.4x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 21% over the next 5 years.
- However this is lower than its past earnings growth rate of 28% per year.
- In contrast, the Industrials sector is expected to see its earnings grow by 8.3% 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 | |
|---|---|---|---|---|---|---|
| BID Commercial Bank for Investment and Development of Vietnam | ₫37.90k | 2.2% +₫5.6t | -3.3% | PB1.6x | Financials | |
| CTG Vietnam Commercial Bank for Industry and Trade | ₫49.95k | 1.9% +₫5.1t | 42.5% | PB1.6x | Financials | |
| TCX Techcom Securities | ₫45.95k | 4.7% +₫4.7t | n/a | PE22.1x | Financials | |
| HUT Tasco | ₫18.00k | 7.1% +₫4.2t | 11.1% | PE43.1x | Industrials | |
| GVR Vietnam Rubber Group - | ₫28.75k | 4.4% +₫3.3t | -10.4% | PE17x | Materials |