I just looked at the historical Vietnamese stock data from 2025 and feel that it’s very interesting. The Vietnamese market truly has a solid foundation.

Really, which Vietnamese stocks are good depends on your goals, but based on fundamentals, VCB (Vietcombank) is like a core stock that you must have. It’s Vietnam’s largest bank, benefiting from economic growth and financial system development.

As for VHM (Vinhomes) and VRE (Vincom Retail), they are also interesting. Both are part of Vingroup, which is Vietnam’s largest conglomerate. VHM benefits from the expanding middle class and infrastructure development, while VRE benefits from changing consumer behavior.

If you’re interested in technology, FPT is a good choice. It’s a leading IT company in Vietnam, benefiting from digital development and increasing demand for IT services.

Regarding food and beverage, VNM (Vinamilk) and MSN (Masan Group) are worth watching. VNM is a market leader in dairy with strong brands and growth opportunities from rising consumption. MSN covers many brands used daily by Vietnamese people.

GAS (Petrovietnam Gas) benefits from increasing energy demand. It’s a leading energy company supported by the government.

Meanwhile, ACV (Airports Corporation of Vietnam) benefits from the recovery of tourism and investments in new airports.

For Thai investors wanting to invest in Vietnamese stocks, the easiest way is through Thai brokers like Kasikornbank, SCB, or Bualuang. If you want lower fees, you can open an account directly with Vietnamese brokers like SSI or VNDirect, but you’ll need to prepare documents and understand the language more.

Another option is investing through mutual funds. If you don’t want to analyze individual stocks, many Thai funds currently focus on the Vietnamese market. The advantage is professional management and diversification, though fees might be slightly higher.

Vietnam’s economy is projected to grow around 6.7% in 2025, which is higher than many countries. Importantly, it’s transitioning from a frontier market to an emerging market, attracting significant investment. That’s why Vietnamese stocks are gaining more attention.

The sharp correction in April 2025 is seen as a buying opportunity for long-term investors. Markets often overreact to short-term bad news, but Vietnam’s fundamentals remain strong.

In summary, which Vietnamese stocks are good depends on your investment style and goals. But if I had to choose, VCB, VHM, and FPT are balanced options for growth and stability. For Thai investors, this market isn’t as distant as it seems, and accessing it isn’t as complicated as it appears.