50 enterprises on HoSE floor enter the billion-dollar capitalization club

After 25 years of operation, the Ho Chi Minh City Stock Exchange has welcomed 50 billion-dollar capitalization listed companies. Investors’ confidence in the stock market and the Vietnamese economy has also been strengthened.

Ms. Nguyen Thi Viet Ha - Acting Chairwoman of the Ho Chi Minh City Stock Exchange - commented that the announcement by the FTSE Russell market rating organization that the Vietnamese stock market has met all the criteria and officially upgraded from a frontier market to a secondary emerging market is a proud milestone - Photo: HoSE

The Listed Enterprises Conference and the 2025 Listed Enterprises Award Ceremony took place today, December 3, organized by the Ho Chi Minh City Stock Exchange (HoSE).

50 listed companies on HoSE own capitalization of billions of USD

Ms. Nguyen Thi Viet Ha - Acting Chairwoman of HoSE - said that this year marks a special milestone as it celebrates the 25th anniversary of the Vietnamese stock market officially coming into operation, and is also a time when HoSE has been constantly developing.

From its humble beginnings, the stock market has changed dramatically. As of the end of the most recent month, the total capitalization of the Vietnamese stock market reached over 390 billion USD, equivalent to nearly 82% of the previous year's GDP.

Of which, on the HoSE floor alone, the capitalization value of listed stocks reached more than 310 billion USD, equivalent to 65% of the previous year's GDP, accounting for more than 94% of the total capitalization value of listed stocks in the whole market.

Notably, HoSE currently has 50 listed companies with capitalization of over one billion USD, including three companies with capitalization of over 10 billion USD. Market liquidity continues to be a bright spot, with the average transaction value in the first 11 months of this year remaining at nearly one billion USD per session.

"These figures clearly demonstrate the growing role of the stock market as an important medium- and long-term capital channel for the economy , thereby supporting businesses to expand their scale, improve their competitiveness and contribute positively to the overall development of the country," Ms. Viet Ha emphasized.

With many efforts, HoSE officially put the KRX system into operation in the middle of this year, a new information technology system for the entire Vietnamese stock market, opening up many opportunities to approach the international market.

"We are committed to continuing to innovate, improve the quality of operations, and accompany listed enterprises in the new development stage, for a transparent, professional, and sustainably integrated Vietnamese stock market," affirmed Ms. Nguyen Thi Viet Ha.

Ms. Vu Thi Chan Phuong - Chairwoman of the State Securities Commission - commented that with 25 years of development, the Vietnamese stock market has maintained stability and currently has the most vibrant trading activities compared to many other markets in the region.

To continue promoting its role as an important capital mobilization channel for the economy, the entire industry needs to make efforts to reform towards transparency, efficiency, and meeting international standards.

2026: Market confidence is key

Mr. Dominic Scriven - Chairman of Dragon Capital - affirmed that many investors increased their confidence when the Vietnamese economy reaped positive results - Photo: BONG MAI

From a market perspective, Mr. Dominic Scriven - Chairman of Dragon Capital - said that the global economy is facing many challenges from within countries, geopolitical tensions, climate change, and rapid changes in technology. However, the impact on Vietnam is somewhat lighter.

Thanks to the Government 's management and encouragement measures, Vietnam's GDP increased steadily over the quarters and ended 2025 with quite optimistic results, despite being heavily affected by natural disasters.

Moving into 2026, the big question is how to get GDP growth from 8% to 10%. Mr. Dominic Scriven believes the key factor lies in market confidence.

In parallel, new policies were promoted. Typically, Resolution 68 created a strong impetus for the private sector, including about 500,000 enterprises and 5 million business households.

Overall, confidence in the Vietnamese economy is higher than before. It is forecast that listed company profits could increase by more than 16% in 2026, continuing to grow.

The Vietnam Listed Enterprises Awards (VLCA) officially entered its 18th year, becoming a prestigious annual award, honoring leading enterprises in governance practices, information transparency and sustainable development.

VLCA 2025 is organized with 3 main voting categories: Annual report, corporate governance, sustainable development report. Enterprises that maintain stable quality over many VLCA seasons are considered to have a governance and information disclosure platform approaching international standards, increasing the ability to attract foreign capital and investment funds.

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Source: https://tuoitre.vn/50-doanh-nghiep-tren-san-hose-vao-cau-lac-bo-von-hoa-ti-do-20251203191204373.htm