Ho Chi Minh City Stock Exchange to change "attacking bull" logo after 25 years?

In recent days, many investors have been paying attention when a new symbol appeared in front of the Ho Chi Minh City Stock Exchange (HoSE) headquarters at 16 Vo Van Kiet: a golden statue of a "charging bull", charging forward strongly.

This work replaces the “bull-bear” statue group that was placed here since July 2020, when HOSE officially put its headquarters into operation. Currently, the statue is still in the completion stage, so the surrounding area is fenced.

Reporters from the Lao Dong Newspaper contacted HoSE leaders to learn about this symbolic change but have not received a response.

- Ảnh 1. — The newly completed "Bull Attack" symbol at HoSE replaces the image of a bull and a bear fighting each other.

According to research, in the stock market there are two commonly used images of "bull" and "bear". The bull represents the upward price trend (uptrend) by the action of charging forward with its horns, while the bear represents the downward trend (downtrend), the action of pouncing and pressing down shows a pessimistic view of the market.

From there, investors formed the term "bull market" when stock prices increase for a long time and "bear market" when prices decrease sharply.

- Ảnh 2. — Image of bull and bear fighting in the past

The image of “bulls and bears confronting each other” that has been present at HoSE since 2020 implies that the market always has a tug-of-war between buying and selling forces.

Now, the replacement with the "charging bull" pattern is seen by investors as a new signal, showing expectations for a sustainable growth cycle of the market in the coming period.

The new logo is not only a change in form but also carries a meaningful message: the Vietnamese stock market is moving towards strong growth, instead of focusing on confrontation.

New "bull attack" symbol at HoSE (Vo Van Kiet)

Analysts believe that this message is even more valid when 2025 is considered a milestone for the Vietnamese stock market. In October 2025, FTSE Russell officially announced the upgrading of Vietnam from a frontier market to a secondary emerging market. The upgrade is expected to help Vietnam attract tens of billions of dollars in foreign investment, aiming for a more stable and long-term capital flow.

2025 also marks the 25th anniversary of the formation of the Vietnamese stock market, with significant milestones. As of October 31, 2025, HoSE has 670 listed securities, including 394 stock codes, with a total listed volume of nearly 195.24 billion securities.

The stock capitalization value will reach over VND7.25 trillion, equivalent to 63.02% of GDP in 2024 and accounting for over 94.18% of the total market capitalization. Currently, HoSE has 50 enterprises with capitalization of over USD1 billion, of which 3 enterprises have over USD10 billion.