A curated roundup of the numbers behind Vietnam's stock market in 2026 — exchanges and
indices, market size, the investor base, foreign access and ownership limits, and
classification. Figures are reference estimates and qualitative descriptors compiled from
public sources; precise values move daily and vary across providers. See
our sources for methodology and citations.
Exchanges & indices
Vietnam's equity market runs across two exchanges plus an unlisted-company board.
HOSE
Main exchange (Ho Chi Minh City)
Home of the VN-Index.
HNX
Hanoi Stock Exchange
Smaller-cap and bonds.
UPCoM
Board for unlisted public companies
Pre-listing / lighter requirements.
VN-Index
Benchmark index (all HOSE stocks)
Headline market gauge.
VN30
Top 30 large, liquid stocks
Blue-chip sub-index; futures basis.
Size & listings
The market has grown into a meaningful regional venue by capitalization and listings.
1,784
VN-Index close (2025)
Up ~41% on the year — a historic peak.
HOSE / VietnamPlus, 2025
~VND 10qn
Total market capitalization (end-2025)
78% of 2025 GDP, up from 62.3% a year earlier. An SSC figure of 84.1% from mid-December was measured against 2024 GDP.
SBV Financial Stability Report 2025
~$1.2B
Record avg daily turnover (2025)
~VND 29.5tn/day by mid-December 2025.
HOSE, 2025
Concentrated
Index weighting
Banks and real estate dominate.
Investors
Retail investors dominate turnover, with foreign institutions an influential minority.
Retail-led
Who trades
Individual investors account for most daily trading value, making it one of the most retail-driven markets in Asia.
14,384,902
Securities trading accounts (31 Oct 2026)
About 14% of the population; accounts, not unique investors.
VSDC, via Thoi bao Tai chinh, Nov 2026
Influential
Foreign institutional participation
Watched for flow signals; net flows swing sentiment.
Foreign room
Key constraint for foreigners
Per-stock ownership caps, often 49% (lower for banks).
Access & foreign ownership
Foreign access is open but gated by trading-code setup and per-stock ownership limits.
Required
Securities trading code (via VSD)
Before foreigners can trade.
IICA
Indirect investment capital account
For compliant fund flows.
Caps
Foreign ownership limits by sector
Often up to 49%; lower for banks.
ETFs
Simplest access route
Domestic and offshore VN-focused ETFs.
Classification & outlook
The long-awaited emerging-market upgrade is now confirmed — a structural catalyst for foreign inflows.
21 Sep 2026
FTSE Secondary Emerging upgrade, in effect
Announced Oct 2025, confirmed in March 2026; index weight phases in from 10% in Sep 2026 to the full weight by Sep 2027.
FTSE Russell notice, 4 Sep 2026
Frontier
Current MSCI classification
Still under MSCI review; a separate upgrade track.
Phased
Passive inflows after the upgrade
Index-tracking demand arrives as FTSE weights phase in through September 2027; broker estimates of its size vary widely.
KRX + reforms
Market-access improvements
New KRX trading system, non-prefunding, foreign-room and disclosure reforms.
Notes on methodology
These statistics are reference points intended to give a directional picture of Vietnam's
equity market. Price- and flow-based figures change continuously, so we favor structural
descriptors over spurious precision. This is not investment advice. For definitions of
terms like FDI and foreign ownership limit, see our glossary.
Primary sources: Ho Chi Minh City Stock Exchange (HOSE); State Securities
Commission (SSC); Vietnam Securities Depository and Clearing Corporation (VSDC); MSCI and FTSE Russell classification
notes. Market-cap and price figures move continuously; verify against the primary source
before relying on a specific number.
