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Vietnamese (HOSE) Market Analysis & Valuation
UpdatedJul 22, 2025
DataAggregated Company Financials
Companies688
- 7D1.0%
- 3M23.3%
- 1Y17.4%
- YTD16.1%
The market has stayed flat over the 7 days. Meanwhile, the market is actually up 17% over the past year. As for the next few years, earnings are expected to grow by 12% 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 |
|---|---|---|---|---|---|---|
| Tue, 22 Jul 2025 | ₫6603.0t | ₫3739.3t | ₫434.3t | 14.4x | 15.2x | 1.8x |
| Thu, 19 Jun 2025 | ₫5835.4t | ₫3693.8t | ₫432.8t | 13.9x | 13.5x | 1.6x |
| Sat, 17 May 2025 | ₫5633.3t | ₫3677.9t | ₫431.8t | 14x | 13x | 1.5x |
| Mon, 14 Apr 2025 | ₫5332.7t | ₫3562.4t | ₫417.7t | 13.4x | 12.8x | 1.5x |
| Wed, 12 Mar 2025 | ₫5805.7t | ₫3466.3t | ₫423.2t | 14.4x | 13.7x | 1.7x |
| Fri, 07 Feb 2025 | ₫5546.4t | ₫3369.4t | ₫414.3t | 13.5x | 13.4x | 1.6x |
| Sun, 05 Jan 2025 | ₫5384.1t | ₫3006.4t | ₫372.4t | 14.1x | 14.5x | 1.8x |
| Tue, 03 Dec 2024 | ₫5340.9t | ₫3010.2t | ₫374.0t | 13.8x | 14.3x | 1.8x |
| Thu, 31 Oct 2024 | ₫5386.9t | ₫2957.6t | ₫359.9t | 14.1x | 15x | 1.8x |
| Sat, 28 Sep 2024 | ₫5518.8t | ₫2932.8t | ₫361.6t | 14.3x | 15.3x | 1.9x |
| Mon, 26 Aug 2024 | ₫5504.0t | ₫2932.9t | ₫360.7t | 15x | 15.3x | 1.9x |
| Wed, 24 Jul 2024 | ₫5264.5t | ₫2931.5t | ₫327.1t | 14.9x | 16.1x | 1.8x |
| Fri, 21 Jun 2024 | ₫5427.4t | ₫2923.9t | ₫320.7t | 16.1x | 16.9x | 1.9x |
| Sun, 19 May 2024 | ₫5410.6t | ₫2812.7t | ₫346.4t | 15x | 15.6x | 1.9x |
| Tue, 16 Apr 2024 | ₫5169.1t | ₫2804.6t | ₫342.7t | 14.8x | 15.1x | 1.8x |
| Thu, 14 Mar 2024 | ₫5381.2t | ₫2810.1t | ₫346.3t | 15x | 15.5x | 1.9x |
| Sat, 10 Feb 2024 | ₫5073.9t | ₫2798.3t | ₫336.0t | 14.1x | 15.1x | 1.8x |
| Mon, 08 Jan 2024 | ₫4912.0t | ₫2819.4t | ₫322.4t | 13.5x | 15.2x | 1.7x |
| Wed, 06 Dec 2023 | ₫4756.3t | ₫2819.1t | ₫320.1t | 13.2x | 14.9x | 1.7x |
| Fri, 03 Nov 2023 | ₫4584.3t | ₫2775.1t | ₫315.6t | 12.9x | 14.5x | 1.7x |
| Sun, 01 Oct 2023 | ₫4886.3t | ₫2743.9t | ₫320.3t | 14.1x | 15.3x | 1.8x |
| Tue, 29 Aug 2023 | ₫5059.0t | ₫2740.2t | ₫321.7t | 14x | 15.7x | 1.8x |
| Thu, 27 Jul 2023 | ₫5031.5t | ₫2705.7t | ₫317.4t | 13.5x | 15.9x | 1.9x |
| Sat, 24 Jun 2023 | ₫4734.7t | ₫2731.4t | ₫315.8t | 12.6x | 15x | 1.7x |
| Mon, 22 May 2023 | ₫4478.2t | ₫2719.3t | ₫315.2t | 12.3x | 14.2x | 1.6x |
| Wed, 19 Apr 2023 | ₫4426.0t | ₫2790.5t | ₫339.0t | 11.2x | 13.1x | 1.6x |
| Fri, 17 Mar 2023 | ₫4433.4t | ₫2792.9t | ₫344.5t | 10.2x | 12.9x | 1.6x |
| Sun, 12 Feb 2023 | ₫4467.1t | ₫2790.9t | ₫350.4t | 10.2x | 12.7x | 1.6x |
| Tue, 10 Jan 2023 | ₫4652.6t | ₫2681.5t | ₫354.5t | 9.5x | 13.1x | 1.7x |
| Thu, 08 Dec 2022 | ₫4591.7t | ₫2685.9t | ₫359.0t | 9.6x | 12.8x | 1.7x |
| Sat, 05 Nov 2022 | ₫4389.9t | ₫2578.1t | ₫357.8t | 9.9x | 12.3x | 1.7x |
| Mon, 03 Oct 2022 | ₫4785.8t | ₫2531.9t | ₫345.8t | 11.6x | 13.8x | 1.9x |
| Wed, 31 Aug 2022 | ₫5394.6t | ₫2538.1t | ₫348.3t | 12.6x | 15.5x | 2.1x |
| Fri, 29 Jul 2022 | ₫5013.5t | ₫2496.3t | ₫352.0t | 12.3x | 14.2x | 2x |
Price to Earnings Ratio
14.2x
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 7.3% 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 Market | 0.99% | |
| Industrials | 1.95% | |
| Real Estate | 1.53% | |
| Materials | 1.45% | |
| Financials | 1.11% | |
| Healthcare | 0.81% | |
| Consumer Staples | 0.75% | |
| Energy | -0.079% | |
| Tech | -0.095% | |
| Telecom | -0.12% | |
| Utilities | -0.27% | |
| Consumer Discretionary | -1.29% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 26.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 19.9%, which is higher than its past year's earnings growth of 16.4% per year.
- The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 32.5x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 23% 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| VHM Vinhomes | ₫92.00k | 3.6% +₫13.1t | 142.7% | PE11.2x | Real Estate | |
| VPB Vietnam Prosperity Commercial Bank | ₫22.30k | 6.2% +₫10.3t | 18.6% | PB1.2x | Financials | |
| LPB Fortune Vietnam Commercial Bank | ₫35.50k | 8.1% +₫7.9t | 30.6% | PB2.3x | Financials | |
| GEE Gelex Electricity | ₫117.00k | 18.2% +₫6.6t | n/a | PE27x | Industrials | |
| VIX VIX Securities | ₫19.30k | 22.2% +₫5.4t | 64.9% | PE33.8x | Financials |
