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Vietnamese (HOSE) IT Industry Analysis

UpdatedMay 20, 2026
DataAggregated Company Financials
Companies6
  • 7D5.4%
  • 3M-22.4%
  • 1Y-27.2%
  • YTD-21.2%

Over the last 7 days, the IT industry has risen 6.7%, driven by gains from FPT of 5.5%. During this same period, the Van Lang Technology Development and Investment underperformed, falling 12%. In the past year, the industry is down 26%. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

Has the Vietnamese IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 20 May 2026₫136.0t₫80.6t₫9.7t17.4x14x1.7x
Fri, 17 Apr 2026₫135.5t₫83.1t₫9.4t18.2x14.4x1.6x
Sun, 15 Mar 2026₫140.7t₫83.1t₫9.4t18.5x15x1.7x
Tue, 10 Feb 2026₫179.9t₫83.1t₫9.4t20.8x19.2x2.2x
Thu, 08 Jan 2026₫177.1t₫78.3t₫8.9t12.6x19.9x2.3x
Sat, 06 Dec 2025₫174.9t₫78.3t₫8.9t13.5x19.7x2.2x
Mon, 03 Nov 2025₫189.0t₫78.1t₫8.8t13.7x21.5x2.4x
Wed, 01 Oct 2025₫169.8t₫76.3t₫8.4t15x20.2x2.2x
Fri, 29 Aug 2025₫189.5t₫76.3t₫8.4t16.6x22.5x2.5x
Sun, 27 Jul 2025₫200.7t₫75.8t₫8.4t23.6x23.8x2.6x
Tue, 24 Jun 2025₫180.9t₫74.2t₫8.0t22.4x22.5x2.4x
Thu, 22 May 2025₫184.1t₫74.2t₫8.0t22.9x22.9x2.5x
Sat, 19 Apr 2025₫173.9t₫72.3t₫7.7t22.3x22.7x2.4x
Mon, 17 Mar 2025₫204.9t₫72.3t₫7.7t27.4x26.7x2.8x
Wed, 12 Feb 2025₫226.4t₫72.3t₫7.6t32x29.8x3.1x
Fri, 10 Jan 2025₫231.4t₫69.1t₫7.3t32.3x31.8x3.3x
Sun, 08 Dec 2024₫233.8t₫69.1t₫7.3t36.6x32.1x3.4x
Tue, 05 Nov 2024₫207.8t₫68.7t₫7.3t34.4x28.6x3x
Thu, 03 Oct 2024₫211.1t₫66.8t₫6.9t32.3x30.4x3.2x
Sat, 31 Aug 2024₫209.6t₫66.8t₫6.9t32.5x30.2x3.1x
Mon, 29 Jul 2024₫200.4t₫66.6t₫6.9t33x28.9x3x
Wed, 26 Jun 2024₫205.0t₫63.9t₫6.6t30.6x31x3.2x
Fri, 24 May 2024₫189.8t₫63.9t₫6.6t29.3x28.7x3x
Sun, 21 Apr 2024₫148.7t₫61.6t₫6.3t22.3x23.4x2.4x
Tue, 19 Mar 2024₫153.9t₫61.6t₫6.3t24.3x24.3x2.5x
Thu, 15 Feb 2024₫143.4t₫61.8t₫6.3t23.3x22.7x2.3x
Sat, 13 Jan 2024₫130.2t₫60.0t₫6.0t23.7x21.6x2.2x
Mon, 11 Dec 2023₫129.2t₫60.0t₫6.0t24.5x21.6x2.2x
Wed, 08 Nov 2023₫121.1t₫59.3t₫6.0t34.7x20.3x2x
Fri, 06 Oct 2023₫136.9t₫56.7t₫5.7t23.1x24x2.4x
Sun, 03 Sep 2023₫142.3t₫56.7t₫5.7t24.6x25x2.5x
Tue, 01 Aug 2023₫117.8t₫56.8t₫5.7t27.3x20.7x2.1x
Thu, 29 Jun 2023₫105.1t₫55.0t₫5.4t20.8x19.3x1.9x
Sat, 27 May 2023₫99.0t₫55.0t₫5.4t18.8x18.2x1.8x
Price to Earnings Ratio

18.2x


Total Market Cap: ₫99.0tTotal Earnings: ₫5.4tTotal Revenue: ₫55.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Vietnamese IT Industry Price to Earnings3Y Average 23.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Vietnamese IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 14.0x which is lower than its 3-year average PE of 23.7x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.7x.
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 14% 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 Market0.61%
Tech4.89%
IT5.40%
IT Consulting5.40%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 23.7x.
    • Analysts are expecting annual earnings growth of 16.4%, which is lower than the prior year's growth of 20.6% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 23.7x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 21% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 16% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FPT FPT₫74.50k5.5%
+₫6.6t
-28.1%PE13.8x
CMG CMC₫28.15k4.1%
+₫256.2b
-11.4%PE16.3x
ELC ELCOM Technology Communications₫16.55k3.4%
+₫60.5b
-21.0%PE14.5x
ICT for Telecoms and Informatics₫18.30k1.7%
+₫9.7b
35.1%PE18.5x
ONE One Technologies₫12.00k4.3%
+₫3.9b
126.4%PE52.6x

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