Обзор экономики и отраслей
Vietnam operates a socialist-oriented market economy that has grown at an average rate of roughly 6 to 7 percent annually over the past decade, making it one of Southeast Asia's fastest-expanding economies. The economy is driven by manufacturing and export-oriented industries, particularly electronics, textiles, footwear, and machinery, underpinned by strong foreign direct investment inflows. Agriculture, financial services, and real estate also play significant roles, while a young and growing labour force supports domestic consumption. In October 2025, FTSE Russell announced an upgrade of Vietnam from frontier to secondary emerging market status, effective September 2026, a milestone reflecting years of capital market reforms. MSCI continues to classify Vietnam as a frontier market as of its 2026 Annual Market Classification Review, citing remaining issues with foreign ownership limits and market accessibility.
Ключевые секторы
Всё о стране Vietnam →Макро
| ВВП номинальный, USD | $476.32B |
| Рост ВВП реальный, годовой | 7.1% |
| Инфляция годовая | 3.6% |
| Население человек | 102.7M |
| ВВП на душу населения USD | $4,620 |
| Рыночная капитализация всего на бирже, USD | $387.00B |
| Рыночная капитализация / ВВП | 84.0% |
| Безработица | 2.2% |
| Листингованные компании | 400 |
| Биржа | Ho Chi Minh Stock Exchange (primary) and Hanoi Stock Exchange (secondary), both subsidiaries of Vietnam Stock Exchange under the State Securities Commission of Vietnam. (HOSE) |
Год данных: 2024. Источники: Vietnam General Statistics Office (GSO), International Monetary Fund (IMF) World Economic Outlook 2025, CEIC Data, Worldometer GDP data, FocusEconomics Vietnam, Embassy of Switzerland Economic Report Vietnam 2024, Ho Chi Minh Stock Exchange (HOSE) Official Data, VN Market Insights 2025-2026, MSCI 2026 Annual Market Classification Review, FTSE Russell Country Classification October 2025, VanEck (VNM ETF), The Investor VN, Vietnam Investment Review (VIR), Simply Wall St, The Global Economy. Individual figures may cover different reference periods — for example a fiscal year, or an estimate for the current year — and the overview above states these where known.
Последние новости
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Другие рынки Southeast Asia
Крупнейшие листингованные компании
Крупнейшие компании на основной местной бирже по рыночной капитализации.
| # | Компания | Сектор | Рыночная капитализацияUSD | Листинг в США |
|---|---|---|---|---|
| 1 | Vingroup Joint Stock CompanyVIC · HOSE | Real Estate · Residential and Mixed-Use Development | $69.70B | — |
| 2 | Vinhomes Joint Stock CompanyVHM · HOSE | Real Estate · Residential Development | $19.90B | — |
| 3 | Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)VCB · HOSE | Banking · Commercial Banks | $18.10B | — |
| 4 | BIDV (Bank for Investment and Development of Vietnam)BID · HOSE | Banking · Commercial Banks | $10.00B | — |
| 5 | Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)CTG · HOSE | Banking · Commercial Banks | $9.10B | — |
| 6 | VPBank (Vietnam Prosperity Joint Stock Commercial Bank)VPB · HOSE | Banking · Commercial Banks | $8.87B | — |
| 7 | Techcombank (Vietnam Technological and Commercial Joint Stock Bank)TCB · HOSE | Banking · Commercial Banks | $8.80B | — |
| 8 | PetroVietnam Gas Joint Stock Corporation (GAS)GAS · HOSE | Energy · Natural Gas Distribution | $7.20B | — |
| 9 | MB Bank (Military Commercial Joint Stock Bank)MBB · HOSE | Banking · Commercial Banks | $6.90B | — |
| 10 | FPT CorporationFPT · HOSE | Technology · IT Services and Software | $6.00B | — |
| 11 | Hoa Phat Group Joint Stock CompanyHPG · HOSE | Industrials · Steel Production | $5.50B | — |
| 12 | ACB (Asia Commercial Joint Stock Bank)ACB · HOSE | Banking · Commercial Banks | $4.71B | — |
| 13 | Saigon Beer Alcohol Beverage Corporation (Sabeco)SAB · HOSE | Consumer Staples · Beer and Beverages | $3.50B | — |
| 14 | Masan Group CorporationMSN · HOSE | Consumer Staples · Food, Beverage and Retail | $3.40B | — |
| 15 | Vietnam Dairy Products Joint Stock Company (Vinamilk)VNM · HOSE | Consumer Staples · Dairy Products | $3.20B | — |
| 16 | Vietnam Maritime Commercial Joint Stock Bank (MSB)MSB · HOSE | Banking · Commercial Banks | $2.28B | — |
| 17 | Vietjet Aviation Joint Stock CompanyVJC · HOSE | Industrials · Low-Cost Aviation | $2.10B | — |
| 18 | Binh Son Refining and Petrochemical Company (BSR)BSR · HOSE | Energy · Oil Refining and Petrochemicals | $2.10B | — |
| 19 | VIB (Vietnam International Commercial Joint Stock Bank)VIB · HOSE | Banking · Commercial Banks | $1.99B | — |
| 20 | Mobile World Investment Corporation (MWG)MWG · HOSE | Retail · Consumer Electronics and Grocery | $1.40B | — |
| 21 | SSI Securities CorporationSSI · HOSE | Financials · Securities and Brokerage | $1.30B | — |
| 22 | Vietnam Airlines CorporationHVN · HOSE | Industrials · Commercial Aviation | $1.20B | — |
| 23 | Vietnam Eximbank (Vietnam Export Import Commercial Joint Stock Bank)EIB · HOSE | Banking · Commercial Banks | $1.15B | — |
| 24 | Petrovietnam Technical Services Corporation (PTSC)PVS · HNX | Energy · Oil and Gas Services | $900.00M | — |
| 25 | PetroVietnam Power Corporation (PV Power)POW · HOSE | Utilities · Power Generation | $900.00M | — |
ETF на рынках США
Фонды, зарегистрированные в США и обеспечивающие доступ к этому рынку, наиболее простой маршрут для многих американских инвесторов.
| ETF | Охват | Коэффициент расходов% годовых | Экспозиция% фонда |
|---|---|---|---|
| VNAMGlobal X - MSCI Vietnam ETF · Global X | Одна страна | 0.50% | 95% |
| VNMVanEck Vietnam ETF · VanEck | Одна страна | 0.66% | 100% |
| KPHOKraneshares Dragon Capital Vietnam Growth Index ETF · KraneShares | Одна страна | 0.79% | 90% |
| EEMXState Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF · State Street SPDR | Широкий EM | 0.30% | 0% |
| FMiShares MSCI Frontier and Select EM ETF · iShares (BlackRock) | Широкий EM | 0.79% | 10% |
Местная биржа и доступ
| Биржа | Ho Chi Minh Stock Exchange (primary) and Hanoi Stock Exchange (secondary), both subsidiaries of Vietnam Stock Exchange under the State Securities Commission of Vietnam. |
| Код | HOSE |
| Сайт | www.hsx.vn |
| Валюта | VND |
Доступ через местных брокеров
Foreign investors wishing to trade Vietnamese equities directly on HOSE or HNX must open a Securities Trading Code (STC) account with a licensed Vietnamese broker such as SSI Securities, VNDirect, Viet Capital Securities (VCSC), or TCBS. Account setup typically requires an in-person visit or notarised documentation. International retail investors more commonly access Vietnam through US-listed ETFs such as VNM and VNAM via global brokers including Interactive Brokers. Foreign ownership limits (FOL) apply in many sectors and can restrict direct equity positions.
Глобальные брокеры с доступом к иностранным рынкам
- 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.
Приведено исключительно для справки, не является рекомендацией. Доступные рынки, комиссии и условия обслуживания различаются у разных брокеров и зависят от страны вашего проживания.
Переезд и вид на жительство
Доступ для иностранных инвесторов
Vietnam does not operate a formal golden visa or residency-by-investment programme. Foreign nationals may reside in Vietnam on renewable work permits, business visas, or investor visas linked to registered capital in a Vietnamese enterprise. Permanent residency is available only under limited circumstances and is not generally accessible to ordinary foreign investors.
АДР и кросс-листинги в США
Компании из этой страны, акции которых также торгуются в США, доступны через обычный брокерский счёт в США.
| Компания | Тикер в США | Местный тикер | Примечание |
|---|---|---|---|
| FPT Corporation | FPTCY | FPT | FPT Corporation is quoted on OTC US markets under an informal code. It does not have a sponsored ADR programme and the OTC quotation is illiquid. Primary listing is on HOSE. |
| VPBank (Vietnam Prosperity Joint Stock Commercial Bank) | VPKIY | VPB | VPBank trades on OTC markets in the US under an informal pink sheet quotation. This is not a sponsored Level II or III ADR and liquidity is very limited. Primary listing and liquidity remain on HOSE. |
| Vietcombank (Joint Stock Commercial Bank for Foreign Trade of Vietnam) | VCBKY | VCB | Vietcombank has an informal OTC quotation in the United States but does not operate a sponsored ADR programme. Foreign investors primarily access the stock through HOSE directly or via Vietnam-focused ETFs. |
| Vingroup Joint Stock Company | VIC | Vingroup has no formal US ADR programme. Occasional OTC pink sheet quotations under informal codes may appear but these are not sponsored ADRs. Foreign exposure is generally obtained via ETFs. |