Top 8 Vietnamese Stocks Worth Your Investment in 2025

Vietnam’s stock market stands at a crucial turning point in 2025. Despite the harsh correction in early April, many analysts predict Vietnam’s economy will grow by 6.7% this year. I’ve spent weeks researching this market, and I’m genuinely excited about these opportunities – here are my picks for the best Vietnamese stocks to consider.

8 Must-Watch Vietnamese Stocks for 2025

1. VCB (Vietcombank) - Vietnam’s Banking Giant

Vietcombank is Vietnam’s largest bank by market cap. Think of it as Vietnam’s equivalent to Thailand’s Kasikorn Bank. I’m particularly bullish on VCB because Vietnam’s growing middle class desperately needs financial services, and banking penetration remains surprisingly low.

What makes VCB special is its government backing and first-mover advantage in digital banking. The stock isn’t cheap, but there’s a reason foreign institutions keep loading up - it’s a cornerstone for any serious Vietnam portfolio.

2. VHM (Vinhomes) - Residential Real Estate Leader

Vinhomes dominates Vietnam’s residential property market with everything from condos to luxury villas. It’s part of Vingroup (VIC), Vietnam’s largest conglomerate (representing 2.2% of Vietnam’s GDP!).

I visited some Vinhomes projects last year and was blown away by their quality. While property development can be cyclical, Vietnam’s urbanization rate is far below Thailand’s but catching up fast. The demand for quality urban housing will only grow as more Vietnamese move to cities.

3. GAS (Petrovietnam Gas) - Energy Backbone

GAS controls Vietnam’s oil and gas industry from exploration to distribution. The government practically hands them the best resources and concessions - not exactly fair competition, but great for investors!

Vietnam’s rapidly developing economy is energy-hungry, and despite global trends toward renewable energy, natural gas remains crucial as a “bridge fuel” with lower emissions. Every factory, infrastructure project, and business needs energy, giving GAS incredible pricing power.

4. VNM (Vinamilk) - Dairy Dominance

Vinamilk rules Vietnam’s dairy market with a $6.48 billion market cap. I’m always surprised how loyal Vietnamese consumers are to this brand - it’s practically a national institution.

The average Vietnamese consumes far less dairy than Thais or Malaysians, showing massive room for growth. VNM consistently pays solid dividends while expanding internationally to over 40 countries. It’s a classic defensive stock with steady growth potential.

5. FPT - Digital Transformation Pioneer

FPT is Vietnam’s technology champion, specializing in IT outsourcing for global tech companies. Some analysts predict FPT could become Vietnam’s largest company within a decade, which doesn’t seem far-fetched to me.

Their competitive edge? High-quality IT talent at much lower costs than developed markets. I’ve worked with some FPT developers, and they’re incredibly skilled while costing a fraction of Western rates. With AI, cloud computing, and big data exploding globally, FPT is brilliantly positioned.

6. MSN (Masan Group) - Food and Beverage Empire

Masan Group dominates Vietnam’s packaged food industry with instant noodles, sauces, and meat products. Imagine combining Thailand’s ThaiBev, Thai Union, and Mama noodles into one powerhouse.

Their brands (Omachi noodles, Chin-su sauce) are household names across Vietnam. MSN smartly acquired VinCommerce from Vingroup in 2019, gaining 3,000+ retail outlets nationwide. While I worry about their debt levels, their consumer reach is unmatched.

7. VRE (Vincom Retail) - Shopping Mall Leader

Vincom Retail, another Vingroup company, is Vietnam’s largest shopping mall operator. Their properties are always in prime locations, and the company benefits tremendously from Vietnam’s growing consumer class.

Global retail brands like Zara, H&M, and Uniqlo entering Vietnam have been a blessing for VRE, allowing them to raise rents. E-commerce presents challenges, but Vietnamese still love malls as lifestyle destinations.

8. ACV (Airports Corporation of Vietnam) - Gateway to Tourism

ACV manages Vietnam’s major airports, including Tan Son Nhat (Ho Chi Minh) and Noi Bai (Hanoi). Their most exciting project is Long Thanh International Airport near Ho Chi Minh City, designed to handle 100 million passengers annually when completed.

While COVID-19 hit them hard, tourism is rebounding strongly. Honestly, their government monopoly makes them practically a money-printing machine with captive customers.

Why Vietnam’s Stock Market Is Heating Up

Vietnam’s economic growth outpaces Thailand’s by 3x, with GDP expected to expand by 6.7% in 2025. This translates to 15-20% annual profit growth for listed companies - extraordinary numbers in today’s global economy.

The potential upgrade from Frontier Market to Emerging Market status in 2025 is particularly exciting. This isn’t just a label change - emerging markets attract about $6.8 trillion in investment flows compared to less than $100 billion for frontier markets. When international funds rebalance to include Vietnam, expect massive capital inflows.

April’s sharp correction was painful but created a buying opportunity. The market overreacted to US tariff news, and local analysts at VinaCapital believe this presents an excellent entry point for long-term investors.

How Thais Can Buy Vietnamese Stocks

I personally found investing in Vietnamese stocks surprisingly straightforward:

1. Open an Account with a Thai Broker

The easiest method is using Thai brokers offering foreign stock trading, like Kasikorn Securities, SCB Securities, or Bualuang Securities. The process involves standard documentation (ID, passport, financial proof) and minimum deposits. The convenience comes with higher fees but eliminates language barriers.

2. Open an Account Directly with Vietnamese Brokers

For lower fees, consider opening accounts with Vietnamese brokers like SSI Securities, VNDirect, or HSC. You’ll need international documentation and possibly a trip to Vietnam to sign papers, which can be a hassle but saves on fees long-term.

3. Invest Through Mutual Funds

For hands-off investors, Thai mutual funds like TMB Eastspring Vietnam Equity Fund or Bualuang Vietnam Equity Fund offer professionally managed exposure to Vietnamese stocks. You’ll pay management fees but benefit from diversification and expert management.

4. Use Online Trading Platforms

Platforms like Interactive Brokers, Saxo Bank, or Tiger Brokers provide convenient access to multiple markets including Vietnam. Their interfaces are user-friendly with lower fees than traditional brokers, though not all support Thai language.

My Final Thoughts

Vietnam’s stock market represents a rare opportunity - an economy growing at China-like rates but with more accessible valuations. The eight stocks I’ve highlighted (VCB, VHM, GAS, VNM, FPT, MSN, VRE, and ACV) each capture different aspects of Vietnam’s economic story.

The recent market correction has created attractive entry points for patient investors. While there will be volatility, Vietnam’s long-term trajectory points toward significant wealth creation potential. Don’t miss this emerging tiger’s rise.