The Vietnamese stock market is extremely hot right now—especially after the severe correction in April. However, many experts believe this is a great opportunity for forward-looking investors. Vietnam’s economy is expected to grow by 6.7% in 2025, which is an impressive figure.

I can see Vietnam moving toward a major turning point, whether it’s being upgraded to an emerging market or the rapidly growing middle class. Let’s take a look at some interesting stocks.

VCB (Vietcombank) is considered one of Vietnam’s major banks, comparable to Kasikornbank or Thai Panich Bank, but with enormous growth potential. Access to banking services in Vietnam is still lower than in developed countries, so there is plenty of room for this bank to grow further.

VHM (Vinhomes) leads the residential real estate market. It is a subsidiary of Vingroup, one of the most influential conglomerates in the country. With urban expansion and the rapid growth of the middle class, demand for quality housing continues to rise.

GAS (Petrovietnam Gas) is a leading energy company, comparable to Thailand’s PTT. With rapid economic development, energy demand—especially natural gas—keeps increasing as well.

VNM (Vinamilk) is the largest dairy producer. Compared with Thailand, it’s like Thai-Denmark, but much bigger. What’s particularly interesting is that per-capita milk consumption in Vietnam is still lower than in neighboring countries, creating plenty of room for growth.

FPT is a leading technology company with international recognition. Many experts believe FPT could become Vietnam’s most valuable company within the next 10 years, thanks to the country’s growing technological capabilities.

MSN (Masan Group) has a diverse range of businesses, especially in food and beverages. It has also acquired VinCommerce, making it the owner of the VinMart retail chain with more than 3,000 stores.

VRE (Vincom Retail) leads the shopping mall business. It’s comparable to Thailand’s Central Pattana. With the expansion of the middle class, demand for high-quality shopping centers continues to increase.

ACV (Airports Corporation of Vietnam) manages the country’s main airports, comparable to Thailand’s AOT. With the recovery of the tourism industry and the Long Thanh International Airport project under construction, growth potential is strong.

Vietnam is stepping up to become a “new Asian dragon,” with economic growth rates 3 times higher than Thailand’s. Listed companies in Vietnam’s stock market are seeing profit growth of as much as 15–20% per year.

Another important factor is upgrading from a frontier market to an emerging market, which will bring a significant increase in investment inflows. Currently, global frontier market capital is less than 100 billion dollars, while emerging markets account for about 6,800 billion dollars.

For Thai investors who are interested in investing, there are several options to choose from, such as opening an account with a Thai broker offering Vietnamese stock trading services, or opening an account directly with Vietnamese brokers, such as SSI Securities or VNDirect.

Investing through Vietnam-focused mutual funds is also another good option. You don’t have to analyze individual stocks yourself. Many Vietnam-focused funds in Thailand have policies to invest in this market, which increases diversification of risk and ensures the portfolio is managed by professional fund managers.

In addition, there are online platforms that provide trading services for international stocks, making it easier and more convenient to buy and sell without traveling to the target country.

Vietnam’s stock market is at a crucial time, driven by rapidly growing economic factors and its upgrade to an emerging market. All 8 of the stocks mentioned have strong growth potential. However, investing involves risk. You should study and assess the fit carefully before making a decision.