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Vietnamese (HOSE) Market Analysis & Valuation
UpdatedApr 03, 2026
DataAggregated Company Financials
Companies699
- 7D2.9%
- 3M-4.7%
- 1Y35.5%
- YTD-4.9%
Over the last 7 days, the market has risen 2.6%, driven by gains of 7.0% in the Real Estate sector. As for the past 12 months, the market is up 27%. As for the next few years, earnings are expected to grow by 14% 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, 03 Apr 2026 | ₫8355.9t | ₫4423.2t | ₫590.1t | 12x | 14.2x | 1.9x |
| Sun, 01 Mar 2026 | ₫9251.9t | ₫4426.6t | ₫593.0t | 12.3x | 15.6x | 2.1x |
| Tue, 27 Jan 2026 | ₫8949.1t | ₫4113.4t | ₫537.0t | 12.4x | 16.7x | 2.2x |
| Thu, 25 Dec 2025 | ₫8439.3t | ₫4055.1t | ₫518.7t | 12.4x | 16.3x | 2.1x |
| Sat, 22 Nov 2025 | ₫7690.5t | ₫4017.1t | ₫509.3t | 12.6x | 15.1x | 1.9x |
| Mon, 20 Oct 2025 | ₫7786.9t | ₫3840.3t | ₫481.8t | 14.1x | 16.2x | 2x |
| Wed, 17 Sep 2025 | ₫7483.7t | ₫3813.1t | ₫469.3t | 14.9x | 15.9x | 2x |
| Fri, 15 Aug 2025 | ₫7340.9t | ₫3802.2t | ₫467.4t | 15x | 15.7x | 1.9x |
| Sun, 13 Jul 2025 | ₫6478.2t | ₫3738.2t | ₫434.2t | 14.3x | 14.9x | 1.7x |
| Tue, 10 Jun 2025 | ₫5687.7t | ₫3692.6t | ₫432.6t | 13.8x | 13.1x | 1.5x |
| Thu, 08 May 2025 | ₫5439.1t | ₫3684.6t | ₫431.9t | 13.7x | 12.6x | 1.5x |
| Sat, 05 Apr 2025 | ₫5297.1t | ₫3514.5t | ₫423.5t | 13.3x | 12.5x | 1.5x |
| Mon, 03 Mar 2025 | ₫5695.2t | ₫3453.4t | ₫422.3t | 14.3x | 13.5x | 1.6x |
| Wed, 29 Jan 2025 | ₫5507.7t | ₫3265.9t | ₫408.7t | 14.1x | 13.5x | 1.7x |
| Fri, 27 Dec 2024 | ₫5466.0t | ₫3012.4t | ₫374.0t | 14.6x | 14.6x | 1.8x |
| Sun, 24 Nov 2024 | ₫5249.1t | ₫3011.4t | ₫374.0t | 13.6x | 14x | 1.7x |
| Tue, 22 Oct 2024 | ₫5474.0t | ₫2943.6t | ₫355.5t | 14.1x | 15.4x | 1.9x |
| Thu, 19 Sep 2024 | ₫5406.1t | ₫2919.0t | ₫361.4t | 14x | 15x | 1.9x |
| Sat, 17 Aug 2024 | ₫5364.9t | ₫2928.6t | ₫360.4t | 14.9x | 14.9x | 1.8x |
| Mon, 15 Jul 2024 | ₫5442.2t | ₫2918.9t | ₫319.5t | 16.3x | 17x | 1.9x |
| Wed, 12 Jun 2024 | ₫5471.5t | ₫2804.9t | ₫346.3t | 15.8x | 15.8x | 2x |
| Fri, 10 May 2024 | ₫5304.0t | ₫2811.0t | ₫342.2t | 14.7x | 15.5x | 1.9x |
| Sun, 07 Apr 2024 | ₫5328.2t | ₫2801.4t | ₫345.4t | 15.1x | 15.4x | 1.9x |
| Tue, 05 Mar 2024 | ₫5327.5t | ₫2803.8t | ₫341.9t | 14.6x | 15.6x | 1.9x |
| Thu, 01 Feb 2024 | ₫4953.0t | ₫2817.6t | ₫325.3t | 13.6x | 15.2x | 1.8x |
| Sat, 30 Dec 2023 | ₫4816.2t | ₫2837.4t | ₫327.1t | 13.4x | 14.7x | 1.7x |
| Mon, 27 Nov 2023 | ₫4670.1t | ₫2818.9t | ₫320.0t | 12.8x | 14.6x | 1.7x |
| Wed, 25 Oct 2023 | ₫4679.1t | ₫2752.4t | ₫319.0t | 13.7x | 14.7x | 1.7x |
| Fri, 22 Sep 2023 | ₫5130.3t | ₫2747.7t | ₫321.3t | 14.1x | 16x | 1.9x |
| Sun, 20 Aug 2023 | ₫4957.4t | ₫2739.8t | ₫321.8t | 13.8x | 15.4x | 1.8x |
| Tue, 18 Jul 2023 | ₫4914.4t | ₫2725.3t | ₫318.1t | 13.1x | 15.4x | 1.8x |
| Thu, 15 Jun 2023 | ₫4708.5t | ₫2730.5t | ₫315.6t | 12.6x | 14.9x | 1.7x |
| Sat, 13 May 2023 | ₫4476.7t | ₫2737.2t | ₫322.4t | 12.2x | 13.9x | 1.6x |
| Mon, 10 Apr 2023 | ₫4482.2t | ₫2792.3t | ₫344.5t | 10.9x | 13x | 1.6x |
Price to Earnings Ratio
13x
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 14.9x.
Past Earnings Growth
- The earnings for Vietnamese listed companies have grown 20% per year over the last three years.
- Revenues for these companies have grown 17% 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 | 2.90% | |
| Real Estate | 8.47% | |
| Materials | 4.02% | |
| Industrials | 3.00% | |
| Consumer Discretionary | 2.31% | |
| Healthcare | 1.40% | |
| Financials | 1.18% | |
| Tech | 0.74% | |
| Consumer Staples | -0.024% | |
| Telecom | -0.25% | |
| Utilities | -1.68% | |
| Energy | -3.11% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 19.6x.
- Analysts are expecting annual earnings growth of 13.4%, which is lower than the prior year's growth of 32.2% per year.
- The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 25.9x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 6.5% 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 | |
|---|---|---|---|---|---|---|
| VIC Vingroup | ₫139.90k | 7.6% +₫74.2t | 397.9% | PE98.2x | Real Estate | |
| VHM Vinhomes | ₫117.90k | 16.6% +₫69.0t | 139.1% | PE11.6x | Real Estate | |
| GEE Gelex Electricity | ₫208.30k | 23.3% +₫14.4t | 275.9% | PE23.4x | Industrials | |
| HPG Hoa Phat Group | ₫27.35k | 5.6% +₫11.1t | 29.5% | PE13.6x | Materials | |
| GVR Vietnam Rubber Group - | ₫32.10k | 7.0% +₫8.4t | 8.1% | PE22.2x | Materials |
