Which Vietnamese stocks are good? Open up investment opportunities in the stock market that's waking up again

The Vietnamese stock market is attracting the attention of global investors for many reasons. In 2025, Vietnam is expected to grow its economy by 6.7%, which is significant compared to Thailand’s growth rate of around 2-3% during the same period. For investors seeking new opportunities, Vietnamese stocks are viewed as high-potential options. This article will delve into which Vietnamese stocks are worth watching and present 8 choices that many experts consider worth considering.

Why is the Vietnamese stock market so hot right now?

The economic chain of Beryl: “Asian Dragon” phenomenon

Looking back just a few years, Vietnam was seen as a developing country. Today, the situation has changed completely. Vietnam’s economy is growing at a rate three times faster than Thailand’s. In 2025, GDP expanded by 7.09%, and the government aims for at least 8% growth in 2026.

These figures mean that listed companies on the Vietnamese stock exchange are seeing profits increase by 15-20% annually, far above the global average. This is why many international funds are now paying close attention.

Upgrading from “frontier market” to “emerging market”

This news has made investors sit up and take notice. By 2026, Vietnam will be upgraded from a Frontier Market to an Emerging Market according to MSCI standards.

This change is not just a name. Currently, global funds flowing into Frontier Markets total less than $100 billion USD, whereas funds targeting Emerging Markets amount to $6,800 billion USD—an enormous difference! Once Vietnam is upgraded, MSCI Emerging Markets indices will need to adjust their portfolios to include Vietnamese stocks. The result will be a continuous influx of large investment waves.

After the correction: Opportunities for forward-looking investors

In early April 2026, the Vietnamese stock market experienced a sharp correction, with the VN index falling over 75 points due to new tariff policies and US market impacts. However, many experts see this as a “buying opportunity” for those who understand the fundamentals. Major corrections often present chances to buy quality stocks at attractive prices, especially in a strong economy like this.

8 Vietnamese stocks to watch in 2026

1. VCB (Vietcombank) – Banking giant

Vietcombank is the largest bank in Vietnam and the most valuable stock on the country’s main exchange. To compare, it’s similar to “KBank” or “Siam Commercial Bank” in Thailand—market leaders and key holdings in institutional portfolios.

VCB’s strength lies in the fact that banking access in Vietnam is still much lower than in developed countries, indicating huge growth potential. As Vietnamese households become wealthier, demand for loans and financial services will rise. With digital banking and fintech transforming the industry, VCB is investing heavily in these areas. It is also one of the stocks benefiting from government policies to develop the country’s financial system.

If you’re looking for core holdings, VCB should be high on your list.

2. VHM (Vinhomes) – Real estate empire

Vinhomes is Vietnam’s largest residential developer, operating comprehensively—from condos, twin houses, townhouses, to luxury villas. It is part of Vingroup, which accounts for 2.2% of Vietnam’s GDP, making it one of the most influential conglomerates.

The key driver for investors is the growth of the middle class and urbanization. Vietnam’s urban population is still much lower than Thailand’s but is increasing rapidly, boosting demand for quality housing. Additionally, Vietnam is investing heavily in infrastructure—roads, railways, utilities—which enhances property values for VHM.

However, this sector can be volatile, but in the long term, VHM is expected to grow with the country’s development.

3. GAS (Petrovietnam Gas) – Growth fuel

GAS, or Petrovietnam Gas, is a leading energy company involved in oil and natural gas exploration, production, transportation, and distribution. It’s Vietnam’s version of “PTT” of Thailand.

What makes GAS attractive is its strong government backing, providing access to resources and concessions. As Vietnam’s economy expands rapidly, energy demand, especially for cleaner natural gas, increases. Despite global energy price fluctuations, domestic demand and large-scale infrastructure investments make GAS a compelling long-term investment.

4. VNM (Vinamilk) – Food industry princess

Vietnam Dairy Products, or Vinamilk, is the largest dairy producer in Vietnam, valued at over $6.48 billion USD. To compare, it’s like a combination of “Thai-Denmark” and “Dairy Home” in Thailand.

VNM dominates the dairy market with large farms, modern factories, and nationwide distribution. It exports to over 40 countries. The growth driver is the low per capita dairy consumption in Vietnam—lower than in Thailand and Malaysia—indicating significant growth potential as incomes rise and health-conscious consumers increase.

VNM also pays regular dividends, has a strong financial position, and trusted branding, making it suitable for both growth and income investors.

5. FPT – Digital future builder

FPT is Vietnam’s leading tech company with international recognition. It specializes in IT outsourcing for global high-tech firms. In simple terms, FPT is Vietnam’s “Microsoft” or “Google” in software and IT services.

Many analysts believe FPT could become Vietnam’s largest market cap stock within 10 years. Its strength lies in high-quality IT talent, still paid lower wages than in developed countries, allowing competitive edge globally. With AI, Cloud Computing, and Big Data booming, FPT has invested heavily in these areas, offering huge growth potential.

6. MSN (Masan Group) – Food empire with many brands

Masan Group operates across various sectors, especially food and beverages. It’s a major producer of instant noodles, sauces, and processed meats.

In Thailand, MSN is like a fusion of “ThaiBev,” “Thai Union,” and “Mama” brands—consolidating big brands like Omachi, Kokomi, Chin-su, Vinacafe, and others.

MSN also acquired VinCommerce from Vingroup in 2019, owning over 3,000 VinMart and VinMart+ stores, expanding into retail. As consumer behavior shifts, MSN is developing new products—health foods, ready-to-eat, and premium items—aligned with rising middle-class incomes.

7. VRE (Vincom Retail) – Shopping mall empire

Vincom Retail is Vietnam’s leading shopping mall operator, part of Vingroup like VHM. It’s comparable to “Central Pattana” in Thailand.

VRE’s strength is prime land in good locations, quality development, and strong backing from Vingroup. Growth factors include rising middle class, increased purchasing power, and changing consumption habits—more Vietnamese visit malls for shopping, dining, and leisure.

International brands like Zara, H&M, Uniqlo have entered, increasing rental income opportunities. Despite e-commerce challenges, physical malls remain vital social hubs.

8. ACV (Airports Corporation of Vietnam) – Tourism gateway

ACV manages most of Vietnam’s airports, including major hubs like Tan Son Nhat (Ho Chi Minh City) and Noi Bai (Hanoi). It’s similar to “AOT” in Thailand.

Its strength is Vietnam’s rapidly growing tourism industry. Pre-COVID, foreign tourist arrivals increased steadily, and post-pandemic recovery is strong. The new Long Thanh airport near Ho Chi Minh City, designed to handle 100 million passengers annually, will significantly boost capacity and growth.

Although COVID-19 impacted travel, the long-term outlook for aviation remains positive, especially in emerging markets like Vietnam.

4 ways Thai investors can invest in Vietnamese stocks

1. Open an account with a Thai broker offering international services

The easiest way is to use a Thai broker that provides access to Vietnamese stocks, such as Kasikorn Securities, SCBS, or Bualuang Securities.

Steps:

• Contact the broker for info
• Submit documents (ID card, passport, financial proof)
• Deposit funds
• Place buy orders

Pros: Convenient, in Thai language, no language barrier Cons: Fees may be higher

2. Open an account directly with a Vietnamese broker

For direct access, open an account with top Vietnamese brokers like SSI Securities, VNDirect, or HSC.

Steps:

• Contact via email or phone
• Prepare passport, proof of address, income documents
• Sometimes visit their office for signing
• Transfer funds

Pros: Lower fees, direct info Cons: More paperwork, language barrier

3. Invest via Vietnam-focused mutual funds

If you prefer not to buy individual stocks, many Thai funds invest in Vietnam, such as TMB Eastspring Vietnam Equity Fund or Bualuang Vietnam Equity Fund.

Pros: Professional management, diversification Cons: Management fees higher

4. Use international online trading platforms

Platforms like Interactive Brokers, Saxo Bank, or Tiger Brokers offer access to Vietnamese stocks with easy online trading.

Pros: User-friendly, low fees, free data Cons: Some may lack Thai language support; need to understand platform terms

Why Vietnamese stocks are a compelling choice

Vietnam’s stock market is at a pivotal point. Rapid economic growth, upgrading to an emerging market, influx of foreign capital, and post-correction opportunities all signal positive prospects.

The 8 stocks highlighted—VCB, VHM, GAS, VNM, FPT, MSN, VRE, and ACV—each have sustainable growth potential aligned with Vietnam’s economic trajectory. Regardless of the investment method, these stocks should be part of a forward-looking investor’s portfolio.

Investing involves risks, and Vietnamese stocks are no exception. However, with proper preparation and research, this market offers opportunities not to be missed.