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Vietnamese (HOSE) IT Industry Analysis
UpdatedJul 14, 2025
DataAggregated Company Financials
Companies7
- 7D3.3%
- 3M7.6%
- 1Y-6.6%
- YTD-16.5%
Over the last 7 days, the IT industry has risen 3.3%, driven by gains from FPT of 3.3%. However, the industry is down 6.6% over the past year. As for the next few years, earnings are expected to grow by 20% per annum.
Industry Valuation and Performance
Has the Vietnamese IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 14 Jul 2025 | ₫199.4t | ₫74.4t | ₫8.1t | 24.6x | 24.7x | 2.7x |
| Wed, 11 Jun 2025 | ₫180.3t | ₫74.2t | ₫8.0t | 22.4x | 22.4x | 2.4x |
| Fri, 09 May 2025 | ₫178.2t | ₫74.2t | ₫8.0t | 22.1x | 22.1x | 2.4x |
| Sun, 06 Apr 2025 | ₫175.8t | ₫72.3t | ₫7.7t | 22.7x | 22.9x | 2.4x |
| Tue, 04 Mar 2025 | ₫219.0t | ₫72.3t | ₫7.7t | 28.6x | 28.6x | 3x |
| Thu, 30 Jan 2025 | ₫238.6t | ₫72.1t | ₫7.6t | 33.2x | 31.5x | 3.3x |
| Sat, 28 Dec 2024 | ₫233.2t | ₫69.1t | ₫7.3t | 35.6x | 32x | 3.4x |
| Mon, 25 Nov 2024 | ₫209.8t | ₫69.1t | ₫7.3t | 34.2x | 28.8x | 3x |
| Wed, 23 Oct 2024 | ₫208.3t | ₫66.7t | ₫6.9t | 32.1x | 30x | 3.1x |
| Fri, 20 Sep 2024 | ₫210.1t | ₫66.8t | ₫6.9t | 32.4x | 30.3x | 3.1x |
| Sun, 18 Aug 2024 | ₫203.3t | ₫66.8t | ₫6.9t | 31.9x | 29.3x | 3x |
| Tue, 16 Jul 2024 | ₫208.5t | ₫64.0t | ₫6.6t | 31.2x | 31.7x | 3.3x |
| Thu, 13 Jun 2024 | ₫230.2t | ₫63.9t | ₫6.6t | 31x | 34.8x | 3.6x |
| Sat, 11 May 2024 | ₫180.3t | ₫63.9t | ₫6.6t | 26.8x | 27.2x | 2.8x |
| Mon, 08 Apr 2024 | ₫156.0t | ₫61.6t | ₫6.3t | 24.7x | 24.6x | 2.5x |
| Wed, 06 Mar 2024 | ₫150.9t | ₫61.6t | ₫6.3t | 23.5x | 23.8x | 2.4x |
| Fri, 02 Feb 2024 | ₫137.1t | ₫61.8t | ₫6.3t | 23.1x | 21.7x | 2.2x |
| Sun, 31 Dec 2023 | ₫132.7t | ₫60.0t | ₫6.0t | 25.5x | 22x | 2.2x |
| Tue, 28 Nov 2023 | ₫124.6t | ₫60.0t | ₫6.0t | 23.6x | 20.8x | 2.1x |
| Thu, 26 Oct 2023 | ₫124.5t | ₫59.3t | ₫6.0t | 24.5x | 20.8x | 2.1x |
| Sat, 23 Sep 2023 | ₫141.9t | ₫56.7t | ₫5.7t | 24.2x | 24.9x | 2.5x |
| Mon, 21 Aug 2023 | ₫126.3t | ₫56.7t | ₫5.7t | 30.6x | 22.2x | 2.2x |
| Wed, 19 Jul 2023 | ₫108.8t | ₫55.0t | ₫5.4t | 21.5x | 20x | 2x |
| Fri, 16 Jun 2023 | ₫101.2t | ₫55.0t | ₫5.4t | 20x | 18.6x | 1.8x |
| Sun, 14 May 2023 | ₫96.3t | ₫55.0t | ₫5.4t | 18.7x | 17.7x | 1.7x |
| Tue, 11 Apr 2023 | ₫97.4t | ₫53.2t | ₫5.2t | 24x | 18.7x | 1.8x |
| Thu, 09 Mar 2023 | ₫96.1t | ₫53.2t | ₫5.2t | 23.7x | 18.5x | 1.8x |
| Sat, 04 Feb 2023 | ₫97.2t | ₫52.7t | ₫5.2t | 20.7x | 18.8x | 1.8x |
| Mon, 02 Jan 2023 | ₫92.8t | ₫50.2t | ₫5.2t | 14.6x | 17.8x | 1.8x |
| Wed, 30 Nov 2022 | ₫89.9t | ₫50.3t | ₫5.2t | 14.1x | 17.3x | 1.8x |
| Fri, 28 Oct 2022 | ₫90.0t | ₫49.8t | ₫5.2t | 13.6x | 17.4x | 1.8x |
| Sun, 25 Sep 2022 | ₫99.2t | ₫47.4t | ₫4.8t | 17.6x | 20.5x | 2.1x |
| Tue, 23 Aug 2022 | ₫103.9t | ₫47.4t | ₫4.8t | 19.3x | 21.4x | 2.2x |
| Thu, 21 Jul 2022 | ₫100.9t | ₫45.5t | ₫4.6t | 19.8x | 22.1x | 2.2x |
Price to Earnings Ratio
22.1x
Current Industry PE
- Investors are relatively neutral on the Vietnamese IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 23.6x.
- The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Vietnamese Tech industry?
| VN Market | 5.06% | |
| Tech | 3.11% | |
| IT | 3.27% | |
| IT Consulting | 3.27% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 23.6x.
- Analysts expect its future annual earnings growth (20.1%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the IT Consulting industry, which is trading close to its 3-year average of 23.6x.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, 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 IT Consulting industry is expected to see its earnings grow by 20% 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 | |
|---|---|---|---|---|---|
| FPT FPT | ₫126.60k | 3.3% +₫6.1t | -5.4% | PE24.6x | |
| CMG CMC | ₫42.30k | 2.3% +₫200.7b | -26.4% | PE25.6x | |
| ELC ELCOM Technology Communications | ₫23.05k | 0.9% +₫20.0b | -5.8% | PE24.8x | |
| ICT for Telecoms and Informatics | ₫12.80k | 3.6% +₫14.5b | -7.2% | n/a | |
| SRA SARA Vietnam | ₫3.50k | 9.4% +₫13.0b | -7.9% | PE5.3x |