Vietnam stock market is shining. Which stocks should you invest in? 8 options to watch in 2025

Why Now Is the Perfect Time to Invest in Vietnam in 2568

Rapid economic growth and clear positive signals

The year 2568 might be an unusual year for the Vietnamese market, but that actually signals good news for long-term investors. Although there was a sharp correction earlier this year, many analysts believe Vietnam’s economy can expand by up to 6.7%. The economic classroom, measured by Vietnam’s 7.09% growth in 2567, indicates that this country has stronger momentum than many others across the region.

What to watch for is that listed companies on the Vietnamese stock market are experiencing profit growth of 15-20% annually, which is significantly above the global average. This is a strong reason to explore which Vietnamese stocks are good for Vietnam investment.

Market upgrade is a game changer

If Vietnam is upgraded from a frontier market to an emerging market in 2568, it will have a huge impact. The reason is that funds tracking the MSCI index will need to rebalance their portfolios to include Vietnamese stocks, leading to a massive influx of capital into the market.

The numbers tell a clear story: global frontier market allocations are around $100 billion, while emerging markets attract over $6.8 trillion. Vietnam, as part of the frontier markets group, accounts for 28.8% of the MSCI Frontier index.

Sharp correction, but an opportunity for the confident

In April, the VN index fell sharply, causing many investors to panic. However, experts from VinaCapital commented that this sell-off was an overreaction. Major corrections often present buying opportunities for quality stocks at attractive prices, especially in markets with strong economic fundamentals.

8 Vietnamese stocks to keep on your radar in 2568

VCB - The banking giant every investor should own

Vietcombank is one of Vietnam’s leading banks, with the highest market value. Compared to Thailand, VCB is similar to Kasikornbank or SCB, as both are market leaders and must-have stocks for foreign institutional investors.

What attracts investors is that the banking service penetration rate in Vietnam remains lower than in developed countries. This indicates significant growth potential, especially as digital transactions reshape the financial industry. As the economy grows, the demand for credit also increases.

VHM - Pioneer in Vietnam’s housing market

Vinhomes leads Vietnam’s real estate sector, offering a full range of residential properties from condominiums to high-end villas. Think of it as a Thai top real estate company that has grown 3-4 times. Currently, Vinhomes is part of Vingroup, which accounts for 2.2% of Vietnam’s GDP.

The key drivers are the growth of the middle class and urban expansion. Vietnam’s urban population is still lower than Thailand’s but is increasing rapidly, boosting demand for quality housing in major cities. Infrastructure projects like roads and metro systems also add value to these developments.

GAS - Vietnam’s light oil and gas energy power

Petrovietnam Gas is a leading energy company operating in oil and natural gas, comparable to PTT of Thailand, and supported by the Vietnamese government.

As Vietnam develops rapidly, energy demand rises accordingly. Natural gas is a cleaner alternative to oil. Interestingly, despite global energy price volatility, the ongoing increase in demand remains a positive sign, especially for large infrastructure investments in Vietnam.

VNM - The dairy queen and milk products

Vietnam Dairy Products, known as Vinamilk, is the largest dairy producer in Vietnam. Compared to Thailand, VNM is like a conglomerate of several companies, growing multiple times. Currently, Vinamilk’s market cap exceeds $6.48 billion.

Vietnam’s milk demand is still below that of developed countries and even lower than Thailand’s, indicating significant growth potential as income per capita rises. Vinamilk also pays consistent dividends and has a strong financial position, making it suitable for investors seeking both growth and income.

FPT - The game-changer in technology

FPT is a leading Vietnamese tech company with international recognition in IT outsourcing for global high-tech firms. Compared to Thailand, FPT could be seen as the “Google” or “Microsoft” of Vietnam, specializing in custom software development.

Many analysts believe FPT has the potential to become Vietnam’s largest market cap stock within the next 10 years. The reason is that Vietnam’s IT talent pool is highly skilled but still low-cost compared to developed countries. As companies seek cost-effective software development partners, FPT’s strengths position it well.

MSN - The expanding food empire

Masan Group operates various businesses but is prominent in the food and beverage industry. It leads in processed food manufacturing, such as instant noodles and meat products. Compared to Thailand, MSN is like a conglomerate of several leading food companies.

MSN’s strength lies in its strong brands covering everyday Vietnamese life—from Omachi noodles and Chin-su sauces to Vinacafe coffee. Additionally, MSN owns over 3,000 VinMart+ retail stores, expanding into a promising retail sector.

VRE - The owner of promising shopping centers

Vincom Retail is a major player in Vietnam’s shopping mall industry, part of Vingroup like VHM. Compared to Thailand, VRE is similar to Central Pattana’s role in the Thai market.

The growth drivers for VRE include the expanding middle class, changing consumption habits, and the arrival of global retail brands. While e-commerce poses challenges, shopping centers remain the urban lifestyle hubs.

ACV - Airport management akin to Thai airports

Vietnam Airports Corporation manages the country’s main airports, including Tan Son Nhat in Ho Chi Minh City and Noi Bai in Hanoi, similar to AOT in Thailand.

The positive factor is that Vietnam’s tourism industry is growing rapidly. After reopening borders, tourist numbers have increased strongly. Additionally, the Long Thanh International Airport project near Ho Chi Minh City, designed to handle 100 million passengers annually, will enhance Vietnam’s air travel capacity.

How to Invest in Vietnam — Suitable options for Thai investors

Option 1: Open an account with a Thai broker offering international services

A convenient way for beginners is to use domestic brokers like KSecurities, SCBS, or Bualuang Securities. The steps are:

1. Contact the broker to inquire about Vietnam investment details, fees, and requirements
2. Prepare necessary documents such as ID card, passport, financial proof
3. Deposit funds into the account as per the broker’s minimum deposit
4. Select stocks and place orders online

Advantages: Easy and convenient, no language barrier Disadvantages: Fees may be higher than direct trading

Option 2: Open a direct account with a Vietnamese broker

For direct trading, contact leading brokers like SSI Securities, VNDirect, or HSC:

1. Email or call customer service
2. Prepare passport, proof of address, income documents
3. In some cases, you may need to travel to Vietnam to sign documents
4. Transfer funds to start trading

Advantages: Lower fees, direct market access Disadvantages: More complex process, language barriers

Option 3: Invest via mutual funds

If direct stock trading is inconvenient, mutual funds are a good alternative. Many Thai funds invest in Vietnam, such as TMB Eastspring Vietnam Equity Fund or Bualuang Vietnam Equity Fund.

Advantages: No need to analyze individual stocks, managed by professionals, diversified risk Disadvantages: Slightly higher management fees

Option 4: Use online trading platforms

Platforms like Interactive Brokers, Saxo Bank, or Tiger Brokers offer international stock trading, including Vietnam.

Advantages: User-friendly, low fees, free analysis tools Disadvantages: Some platforms may not support Thai language; requires careful review of conditions

Summary: Investing in Vietnam — Opportunities Await

Vietnam’s stock market is at a pivotal point. With rapid economic growth, market upgrades, and many positive signals from abroad, the 8 highlighted stocks—VCB, VHM, GAS, VNM, FPT, MSN, VRE, and ACV—have strong growth potential aligned with economic trends.

For Thai investors, accessing this market is not as complicated as it seems. Whether through Thai brokers, Vietnamese brokers, mutual funds, or online platforms, there are many options suited to your convenience and investment profile.

Remember, all investments carry risks and thorough research is essential before making decisions. For those with a long-term outlook, Vietnam might be one of the markets not to miss.