Vietnam is a new investment option: Analyzing 8 key stocks and market opportunities in 2025

Whether you are a professional investor or just starting to enter the market, looking at Vietnam in 2568 (2025) might be a smart decision. Vietnam’s stock market is striving to become an (Emerging Market), which will open the door for foreign investment inflows. Despite a sharp correction in early April, these issues present opportunities.

Why Vietnam is Attractive

Economic growth potential is at the heart of this. Vietnam is not a new development country but currently has a dominant growth rate in the region. Recently, GDP expanded by 7.09% in 2567 (2024) and is expected to grow by 6.7% in 2568 (2025). This figure is three times higher than Thailand, meaning listed companies could see profits increase by 15-20% annually.

Market upgrading is also a significant factor. Currently, Vietnam is classified as a (Frontier Market), but if upgraded to an ###Emerging Market( as planned in 2568 (2025), the amount of capital flowing in will double because MSCI Emerging Markets index funds will need to adjust their portfolios to include Vietnamese stocks.

Market cycle opportunities should not be overlooked. Severe corrections often serve as long-term opportunities for investors, as markets tend to overreact to bad news.

8 Stock Picks: Selected from Various Sectors

)Financials: VCB ###Vietcombank( – The core of the financial system

This bank is comparable to Kasikornbank or SCB in Thailand. It is the largest financial institution, with the natural role of a central player in the economy. VCB’s strength lies in the fact that banking access in Vietnam remains much lower than in developed countries, indicating room for growth. Additionally, the digital era has transformed banking, with VCB investing in technology and supported by government policies.

)Real Estate and Architecture: VHM ###Vinhomes( – Market leader

VHM is a majority state-owned enterprise in Vietnam, responsible for large-scale residential projects. It is a flagship of Vingroup, which accounts for 2.2% of Vietnam’s GDP. The stability of this company provides confidence. Moreover, the growth of the middle class, urban expansion, and infrastructure development all boost housing demand.

)Energy: GAS ###Petrovietnam Gas( – National asset

GAS operates a comprehensive oil and natural gas business, similar to PTT in Thailand. It is protected by the state and benefits from control over key resources. Energy demand increases with economic development, and this trend is expected to continue even with fluctuations in global prices.

)Food Products: VNM ###Vinamilk### – Queen of dairy

VNM is the largest dairy producer, valued at $6.48 billion. Vietnam’s dairy consumption remains low, indicating significant growth potential. VNM exports to over 40 countries and pays regular dividends. Additionally, a focus on consumer health boosts demand for its products.

(Technology: FPT – Vietnam’s digital powerhouse

FPT manages advanced IT and software services. It is a competitive tech player, with some analysts believing FPT could become the largest market-cap stock in Vietnam within 10 years, thanks to its talented personnel and lower costs compared to other countries. As AI, Cloud Computing, and Big Data demand surge, FPT is well-prepared.

)Consumer Goods: MSN ###Masan Group( – Daily life empire

MSN is a conglomerate of various food companies, from instant noodles under Omachi and Kokomi brands to sauces and coffee. It acquired VinCommerce, gaining over 3,000 VinMart retail stores, opening a new retail business frontier. MSN also develops health products and premium goods to serve the middle class.

)Shopping Centers: VRE ###Vincom Retail( – Consumption hub

VRE manages shopping centers, similar to Central Pattana in Thailand. The influx of global brands and middle-class expansion lead to thriving malls. People visit malls for shopping, relaxation, and socializing, from everyday goods to luxury items.

)Air Traffic: ACV ###Airports Corporation of Vietnam( – Gateway of the country

ACV manages almost all major airports, including Tan Son Nhat and Noi Bai. It is comparable to AOT in Thailand. The main growth driver is the global tourism recovery trend, which is also reaching Vietnam. The Long Thanh airport project, under construction, will handle 100 million passengers annually, making it the largest airport in the region.

Investment Steps: From General Festivals to the Vietnamese Market

)Open an account through a Thai broker: Start from home

Many Thai brokers, such as KSecurities (Kasikorn Securities), SCBS (Siam Commercial Bank Securities), or Bualuang Securities (Bualuang Securities), offer various stock trading services. Opening an account involves:

1. Contact the broker for inquiries
2. Submit necessary documents ###ID card, passport, financial proof(
3. Deposit the minimum amount
4. Place orders online

Advantages: In Thai language, convenient
Disadvantages: Fees may be higher

)Open an account directly with a Vietnamese broker: Go deeper

SSI Securities, VNDirect, or HSC ###Ho Chi Minh Securities Corporation### are leading local brokers. The process is similar but may require traveling to Vietnam to sign documents.

Advantages: Lower fees, direct market data access
Disadvantages: Language barriers, complicated document preparation

Mutual Funds: Let professionals manage

Funds like TMB Eastspring Vietnam Equity Fund or Bualuang Vietnam Equity Fund allow you to invest without selecting stocks yourself. Managers are cautious, and risks are diversified across many stocks.

Online Platforms: Maximum freedom

Interactive Brokers, Saxo Bank, or Tiger Brokers offer high convenience but may not fully support Thai language.

Summary: Vietnamese Stocks for Visionary Investors

Vietnamese stock market is not difficult to understand. With strong economic growth, market upgrading, and correction opportunities, the 8 stocks—VCB, VHM, GAS, VNM, FPT, MSN, VRE, and ACV—show signs of growth driven by the country’s economic support.

For Thai investors, accessing this market is straightforward. Various options—from local brokers to online platforms—make investing easier.

⚠️ Warning: Investing involves risks and may result in the loss of capital. Study information carefully and consult professional financial advisors before making decisions.