Is 2025 a good year to invest in Vietnamese stocks? 8 options to watch out for

If you are looking for a new stock market for investment, the Vietnam stock market might be the answer you are seeking. Although Vietnam recently experienced a sharp correction in early April, long-term economic signals indicate that many opportunities await. Leading banks forecast that the country’s economy will expand by 6.7% this year. This means Vietnamese stocks could generate significant value appreciation.

Why Should You Pay Attention to Vietnamese Stocks?

Impressive Economic Progress

In recent years, Vietnam has transformed itself from a developing country into the “Asian Tiger” with the fastest growth rate in the region. Vietnam’s growth rate is three times higher than neighboring countries. Last year, Vietnam’s GDP increased by 7.09%, while the government has set a target growth of no less than 8% for this year. This success has resulted in listed companies on the Vietnamese stock exchange earning profits of 15-20% annually, a rate higher than many countries worldwide.

Huge Opportunities from Market Status Upgrades

A significant milestone is Vietnam’s upcoming upgrade from a frontier market to an emerging market by 2025. This is not just a name change but a signal that attracts global fund investments. Currently, frontier markets have only about $100 billion in funds, while emerging markets attract approximately $6.8 trillion. When Vietnam is upgraded, index funds will need to adjust their portfolios to include Vietnamese stocks, which will undoubtedly lead to a large influx of investment capital.

A Good Opportunity for Buyers After the Correction

The market downturn in early April, caused by additional tariffs and the impact of foreign stock markets, may open doors for long-term investors. Analysts see this as a “buying opportunity” to acquire quality stocks at reasonable prices. Markets often overreact to short-term bad news, but Vietnam’s economic fundamentals remain strong.

8 Vietnamese Stocks to Consider in 2025

1. VCB (Vietcombank) - Banking Giant

Vietcombank is the largest financial institution with the highest market value on the Vietnam stock exchange. Compared to Thailand, VCB’s role is similar to a leading commercial bank that institutional investors must hold in their portfolios. As the country’s economy grows, demand for credit and financial services naturally increases, providing VCB with a solid growth foundation.

Interestingly, banking services in Vietnam are still underpenetrated compared to developed countries, meaning there is room for financial institutions to expand further. Especially as digital technology opens new service channels, Vietnam’s government policies focused on developing the financial system continue to support VCB’s expansion.

2. VHM (Vinhomes) - Market Disruptor in Real Estate

Vietnam’s leading real estate company, Vinhomes, operates a comprehensive portfolio from condominiums and detached houses to luxury villas. VHM’s strength lies in being part of Vingroup, Vietnam’s largest business conglomerate, accounting for 2.2% of the country’s GDP.

VHM projects are renowned for quality construction, modern design, and professional management, attracting middle to upper-class buyers. Growth drivers include the expanding middle class and urbanization. Although Vietnam’s urban population is still lower than neighboring countries, it is increasing rapidly.

Additionally, infrastructure projects by the Vietnamese government, such as highways and metro systems, are increasing property values accordingly.

3. GAS (Petrovietnam Gas) - Powering the Nation

Petrovietnam Gas operates comprehensively in oil and natural gas, from exploration, production, transportation, to distribution. Its operations are similar to Thailand’s major energy companies and are supported by the government.

GAS benefits from access to energy resources, extensive infrastructure, and ongoing government support. As Vietnam continues to develop large-scale projects requiring energy, GAS remains a good long-term investment choice, despite global energy price fluctuations.

4. VNM (Vinamilk) - Dairy Industry Leader

Vietnam Dairy Products, or Vinamilk, is valued at over $6.48 billion and dominates Vietnam’s dairy market. It has large farms, modern factories, and a distribution network covering almost the entire country, exporting to over 40 countries worldwide.

Importantly, dairy consumption in Vietnam is still much lower than in developed countries, indicating significant growth potential for VNM. As income per capita and health awareness increase, VNM, which pays regular dividends, provides steady income for investors.

5. FPT - Digital Technology Pioneer

FPT is a globally recognized technology company and a provider of IT outsourcing services for large corporations worldwide. Its strength lies in a team of highly skilled software engineers, with wages still lower than in developed countries, allowing it to compete effectively.

In the digital transformation era, demand for AI, Cloud Computing, and Big Data services is skyrocketing. FPT invests seriously in these front-line technologies, and many analysts believe FPT could become Vietnam’s largest market cap company within the next 10 years.

6. MSN (Masan Group) - Food and Beverage Empire

Masan Group diversifies its business, especially in food and beverage sectors. It produces instant noodles, sauces, and meat products. MSN also owns the VinMart and VinMart+ supermarket chains with over 3,000 stores, establishing a strong retail presence.

MSN’s brands are well-known and trusted by Vietnamese consumers. The company adapts to changing consumer behaviors by developing health-conscious and premium products, aligning with the expanding middle class.

7. VRE (Vincom Retail) - Retail Mall Keyholder

Vincom Retail is Vietnam’s leading shopping mall developer and operator. It chooses promising locations, develops modern projects, and is supported by Vingroup’s strong financial backing.

Growing middle class, increased purchasing power, and the consumption culture of younger generations favor shopping malls for shopping, dining, and leisure. The arrival of global retail brands like Zara and Uniqlo also attracts tourists.

8. ACV (Airports Corporation of Vietnam) - Airport Management

ACV manages Vietnam’s main airports, including Tan Son Nhat and Noi Bai. Before the pandemic, international tourist numbers increased annually. Since reopening, tourism has recovered strongly.

The Long Thanh International Airport project near Ho Chi Minh City, currently under construction, is expected to handle 100 million passengers per year when completed. This makes ACV a good long-term investment choice.

How to Invest in Vietnamese Stocks for Thai Investors

Method 1: Through Thai Brokers

The easiest way is to open an account with a Thai broker that offers international stock trading services, such as Kasikorn Securities, SCB Securities, or Bualuang Securities. The process involves inquiries, preparing documents, depositing funds, and submitting orders online. The advantage is no language barrier, but fees may be higher.

Method 2: Vietnamese Brokers

For direct market access, you can contact Vietnamese brokers like SSI Securities or VNDirect. These brokers have lower fees but may involve more complex procedures due to language and documentation.

Method 3: Invest via Mutual Funds

If you prefer not to analyze individual stocks, mutual funds are a good alternative. Many funds focus on investing in the Vietnamese stock market. The benefits include professional management and diversification.

Method 4: International Online Platforms

Platforms like Interactive Brokers or Saxo Bank offer online trading of Vietnamese stocks. The advantages are low fees and convenience.

Summary: The Right Time to Invest

Vietnam’s stock market is at a pivotal point shaping its future. Economic growth, market status upgrades, and global investor interest all indicate that these 8 Vietnamese stocks have growth potential aligned with the country’s outlook.

For Thai investors wanting to participate, accessing the Vietnamese stock market is not as complicated as it seems. Regardless of the chosen method, understanding the companies’ businesses and regularly monitoring macroeconomic conditions are essential for successful investing.