Vietnam Frontière
Southeast Asia · Hanoi · VND (Vietnamese Đồng)
Aperçu économique et sectoriel
Vietnam is a socialist-oriented market economy in Southeast Asia that has sustained average real GDP growth of approximately 6–8% per year over recent decades, driven by export-oriented manufacturing, electronics, textiles, footwear, and agriculture. The country has emerged as a major global manufacturing hub, particularly benefiting from supply-chain diversification away from China, attracting significant foreign direct investment. Key export partners include the United States, China, the European Union, South Korea, and Japan, with electronics and machinery comprising the largest share of exports. Vietnam's stock market is classified as a frontier/emerging market, with the Ho Chi Minh Stock Exchange (HOSE) as the primary exchange, dominated by the finance, real estate, and consumer staples sectors. The government continues to pursue Doi Moi-era reform policies, and the country is actively seeking an upgrade to emerging-market status from index providers such as FTSE Russell.
Secteurs clés
📘 Tout savoir sur Vietnam →Macro
| PIB nominal, USD | $476.30B |
| Croissance du PIB réel, annuel | 7.1% |
| Inflation annuel | 3.6% |
| Population habitants | 98.5M |
| PIB par habitant USD | $4,700 |
| Capitalisation boursière total coté, USD | $349.00B |
| Capitalisation boursière / PIB | 73.3% |
| Chômage | 2.2% |
| Sociétés cotées | 400 |
| Bourse | Ho Chi Minh Stock Exchange (HOSE) |
Année des données: 2024. Sources: National Statistics Office of Vietnam (GSO), World Bank, IMF World Economic Outlook (April 2026), CEIC Data, Macrotrends, FocusEconomics, Trading Economics, Ho Chi Minh Stock Exchange (HOSE), Wikipedia – Economy of Vietnam, VanEck, SimplyWall St.
Dernières actualités
Autres marchés de la région Southeast Asia
Principales sociétés cotées
Les plus grandes entreprises de la principale bourse locale, par capitalisation boursière.
| # | Entreprise | Secteur | Capitalisation boursièreUSD | Cotation américaine |
|---|---|---|---|---|
| 1 | Vingroup JSCVIC · HOSE | Real Estate | $44.90B | — |
| 2 | Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)VCB · HOSE | Banking | $23.50B | — |
| 3 | Vinhomes JSCVHM · HOSE | Real Estate | $19.30B | — |
| 4 | Bank for Investment and Development of Vietnam (BIDV)BID · HOSE | Banking | $13.90B | — |
| 5 | Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)CTG · HOSE | Banking | $12.20B | — |
| 6 | Techcombank (Vietnam Technological and Commercial Joint Stock Bank)TCB · HOSE | Banking | $9.90B | — |
| 7 | PetroVietnam Gas JSC (GAS)GAS · HOSE | Energy & Utilities | $9.70B | — |
| 8 | Vietnam Prosperity Joint Stock Commercial Bank (VPBank)VPB · HOSE | Banking | $9.00B | — |
| 9 | Military Commercial Joint Stock Bank (MBBank)MBB · HOSE | Banking | $8.60B | — |
| 10 | Hoa Phat Group JSCHPG · HOSE | Steel & Materials | $8.30B | — |
| 11 | Masan Consumer Holdings (MCH)MCH · HOSE | Consumer Staples | $8.30B | — |
| 12 | FPT CorporationFPT · HOSE | Technology & Telecommunications | $6.60B | — |
| 13 | Vietnam Dairy Products JSC (Vinamilk)VNM · HOSE | Consumer Staples | $5.80B | — |
| 14 | HD Bank (Ho Chi Minh City Development Joint Stock Commercial Bank)HDB · HOSE | Banking | $5.80B | — |
| 15 | Asia Commercial Bank (ACB)ACB · HOSE | Banking | $5.00B | — |
| 16 | Mobile World Investment CorporationMWG · HOSE | Retail | $4.90B | — |
| 17 | LienVietPostBank (LPBank)LPB · HOSE | Banking | $4.90B | — |
| 18 | Masan Group CorporationMSN · HOSE | Consumer Staples / Diversified | $4.60B | — |
| 19 | Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank)STB · HOSE | Banking | $4.30B | — |
| 20 | VietJet AirVJC · HOSE | Transportation / Aviation | $4.20B | — |
| 21 | Vietnam Rubber Group – GVRGVR · HOSE | Materials / Agriculture | $5.80B | — |
| 22 | Binh Son Refining and Petrochemical (BSR)BSR · UPCOM | Energy | $4.10B | — |
ETF négociés aux États-Unis
Fonds cotés aux États-Unis offrant une exposition à ce marché — la voie la plus simple pour de nombreux investisseurs américains.
| Ticker | ETF | Émetteur | Périmètre | Ratio de frais% annuel | Exposition% du fonds |
|---|---|---|---|---|---|
| VNM | VanEck Vietnam ETF | VanEck | Monopays | 0.76% | 100% |
| VWO | Vanguard FTSE Emerging Markets ETF | Vanguard | Marchés émergents larges | 0.08% | 0% |
| EEMX | State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | State Street / SPDR | Marchés émergents larges | 0.30% | 2% |
| FM | iShares MSCI Frontier and Select EM ETF | BlackRock / iShares | Régional | 0.79% | 10% |
Bourse locale & accès
| Bourse | Ho Chi Minh Stock Exchange |
| Code | HOSE |
| Site web | www.hsx.vn |
| Devise | VND |
Accès aux courtiers locaux
Foreign investors must open a securities trading account and a foreign indirect investment (FII) capital account at a licensed custodian bank in Vietnam. Direct brokerage access is available through local brokers such as SSI Securities, VNDirect, and HSC (Ho Chi Minh City Securities). International investors can also gain exposure via the US-listed VanEck Vietnam ETF (VNM). Foreign ownership limits (FOL) apply to most listed equities, typically capped at 49% of charter capital, though some companies have voted to raise or remove the cap. Pre-funding requirements for foreign investors have been progressively relaxed as Vietnam pursues an emerging-market index upgrade.
Courtiers internationaux avec accès aux marchés étrangers
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
Indiqué à titre indicatif uniquement — pas une recommandation. Les marchés disponibles, les frais et les règles d'ouverture de compte varient selon le courtier et votre pays de résidence.
Relocalisation & résidence
Visa d'investissement / programme de résidence
Subventions No formal investment-migration programme
Vietnam does not operate a formal golden visa or citizenship/residency-by-investment programme equivalent to those found in the EU or Caribbean. Foreigners may obtain long-term visas (up to 5 years) tied to investment or business activities, and a temporary residence card (TRC) may be issued to foreign investors who hold a valid investment certificate. There is no standardised minimum investment threshold that automatically confers permanent residency or citizenship.
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Accès pour les investisseurs étrangers
Foreign nationals can obtain temporary residence cards (TRC) valid for 1–5 years linked to business registration or investment. Full permanent residency and citizenship pathways for foreigners are highly restricted under Vietnamese law. Foreign ownership of real estate is limited (50-year leasehold) and foreign ownership in listed companies is capped at 49% in most sectors (with some exceptions). Income tax for residents is progressive up to 35%; non-residents pay a flat 20% on Vietnam-sourced income.
ADR et co-cotations aux États-Unis
Sociétés de ce pays dont les actions se négocient également aux États-Unis — accessibles via un compte de courtage américain ordinaire.
| Entreprise | Ticker américain | Ticker local | Note |
|---|---|---|---|
| No major Vietnamese company maintains a formal US ADR programme as of the data year. Foreign investors access Vietnamese equities primarily through local brokerage accounts or via the VNM ETF. | — | Vietnam has strict foreign ownership limits and capital account controls that have historically limited cross-listing activity. VinFast Auto Ltd (VFS) is listed on the Nasdaq via a SPAC merger and represents the most prominent US-listed vehicle with Vietnamese operational exposure, though it is incorporated in Singapore. | |
| VinFast Auto Ltd | VFS | N/A (incorporated in Singapore, listed on Nasdaq) | VinFast is Vietnam's first domestic electric vehicle manufacturer and a subsidiary of Vingroup. It completed a US Nasdaq listing via SPAC merger in August 2023. The holding company is incorporated in Singapore, not Vietnam, so it does not constitute a traditional ADR but provides US investors with direct operational exposure to a major Vietnamese industrial enterprise. |