Top Vietnam Stocks to Buy 2025: Long-Term Opportunities in a Resilient Market

The Vietnam public equity market has emerged as one of Asia’s most compelling destinations for investors seeking exposure to long-term growth and structural transformation. With a young population, a strong manufacturing base, and increasing financial sophistication, Vietnam’s public companies represent the forefront of Southeast Asia’s economic evolution.

Over the past decade, Vietnam’s equity market has transitioned from a nascent frontier to a vibrant ecosystem of listed firms spanning finance, consumer goods, technology, and renewable energy. Today, Vietnam public equity offers both institutional and private investors access to the country’s rapidly expanding middle class and export-driven economy — a rare combination of growth and resilience.

Vietnam’s two major stock exchanges — the Ho Chi Minh City Stock Exchange (HOSE) and the Hanoi Stock Exchange (HNX) — now list over 1,700 companies, with total market capitalization exceeding USD 250 billion. Liquidity continues to rise as domestic participation grows and foreign ownership regulations are gradually liberalized. This evolution reflects Vietnam’s strategic commitment to transparency, financial reform, and global integration.

A key strength of Vietnam public equity lies in its diversity. The banking sector remains a cornerstone of the market, driving modernization and credit expansion. Consumer and retail companies capture rising domestic demand, while industrial and logistics firms benefit from supply chain diversification as global manufacturers relocate production to Vietnam. Meanwhile, renewable energy developers are spearheading the nation’s green transition, aligning with global ESG standards.

Active management plays a decisive role in this market. At AQUIS Capital, we recognize that Vietnam’s public equity landscape still exhibits inefficiencies typical of young markets — offering opportunities for skilled managers to identify mispriced assets and capitalize on market dislocations. The Lumen Vietnam Fund applies a fundamental, bottom-up approach, focusing on governance, sustainable growth, and financial quality.

From a macroeconomic perspective, Vietnam’s public equity market is supported by robust fundamentals: GDP growth above 6%, stable inflation, and a disciplined fiscal framework. The expected reclassification of Vietnam by MSCI and FTSE from “frontier” to “emerging market” status could further accelerate foreign capital inflows, expand liquidity, and improve valuation multiples.

Sustainability has become a defining factor for Vietnam’s listed companies. Increasingly, firms are integrating ESG criteria into their operations — from renewable energy adoption to transparent reporting and social responsibility. This shift not only enhances resilience but also attracts global institutional investors aligned with responsible investment principles.

In summary, Vietnam public equity represents a unique intersection of demographic advantage, structural reform, and global relevance. For investors pursuing long-term growth in Asia’s emerging economies, Vietnam’s public market offers a disciplined, research-driven gateway to one of the world’s most promising investment frontiers.

The Vietnam stock market news October 2025 reflects a period of resilience and optimism as the country continues to strengthen its position among Asia’s leading emerging markets. Despite a challenging global environment, Vietnam’s equity market remains one of the best-performing in the region, supported by consistent GDP growth, policy stability, and robust corporate earnings.

As of mid-October 2025, the VN-Index trades around the 1,300-point level, up approximately 8% year-to-date. Market sentiment is supported by strong quarterly results from major banks, consumer companies, and industrial exporters. Investors tracking the Vietnam stock market news October 2025 will note continued foreign inflows, driven by optimism over Vietnam’s upcoming market reclassification and structural reform agenda.

Foreign investors added over USD 600 million in net inflows during Q3, focusing on financials, renewable energy, and logistics. Domestic retail participation remains strong, reflecting rising financial literacy and confidence in long-term growth. The government’s ongoing efforts to improve transparency and corporate governance have further strengthened institutional trust.

In the financial sector, banks such as Vietcombank, MB Bank, and Techcombank reported double-digit profit growth and strong capital adequacy ratios. The renewable energy sector continues to attract both domestic and foreign investment as Vietnam pursues its commitment to achieve net-zero emissions by 2050. Meanwhile, logistics and industrial park developers benefit from ongoing supply chain diversification trends and export expansion.

The Vietnam stock market news October 2025 also highlights several positive policy developments. The State Securities Commission has introduced new digital trading initiatives to improve efficiency and broaden retail access. At the same time, the Ministry of Finance is finalizing its roadmap for inclusion in major global indices — a milestone that could significantly boost liquidity and foreign participation in 2026.

AQUIS Capital notes that this reform-driven momentum aligns with the long-term investment thesis underpinning the Lumen Vietnam Fund. By combining active management and local expertise, the fund identifies companies with strong governance, scalable business models, and consistent profitability.

While global uncertainty — particularly regarding U.S. monetary policy — continues to influence sentiment, Vietnam’s market fundamentals remain solid. Inflation remains under control, the Vietnamese dong is stable, and corporate earnings growth continues to outpace regional peers.

Overall, the Vietnam stock market news October 2025 paints a picture of resilience, reform, and renewed investor confidence. As Vietnam deepens its integration into global markets, it continues to offer compelling opportunities for long-term, research-driven investors.

The Vietnam stock market outlook October 2025 highlights a period of stability and cautious optimism as Vietnam consolidates its position as one of Asia’s most dynamic equity markets. Despite global headwinds and fluctuating commodity prices, domestic fundamentals remain robust, supporting sustained investor confidence and long-term capital inflows.

In October 2025, the VN-Index has maintained steady momentum around the 1,300-point level, reflecting the resilience of Vietnam’s corporate sector and improving market liquidity. The latest macroeconomic indicators continue to support a positive trajectory: GDP growth is forecast at 6.1%, inflation remains under 3.5%, and foreign reserves have reached new record highs. These figures underscore the solid foundation of the Vietnam stock market outlook October 2025.

Key growth drivers include ongoing infrastructure expansion, rising domestic consumption, and accelerated digital transformation. The government’s focus on fiscal stability and pro-business reforms continues to attract both institutional and retail investors. Increased participation from foreign funds has also boosted market depth, while improving governance standards are aligning Vietnam’s capital markets with international benchmarks.

Sector performance remains broadly positive. Banking stocks are benefiting from stable credit growth and strong loan quality, while consumer companies enjoy expanding sales due to higher purchasing power among Vietnam’s middle class. Meanwhile, renewable energy and industrial logistics continue to attract investment as part of the country’s long-term sustainability agenda.

Investors assessing the Vietnam stock market outlook October 2025 should also note the ongoing anticipation surrounding Vietnam’s potential upgrade by MSCI and FTSE from “frontier” to “emerging” market status. Such a milestone could trigger significant capital inflows, enhance liquidity, and expand global investor participation.

At AQUIS Capital, we view this transition as a pivotal moment. The Lumen Vietnam Fund, actively managed with a focus on fundamental research and local insight, remains well-positioned to capture both cyclical opportunities and structural growth themes. Our investment philosophy emphasizes governance quality, financial strength, and ESG integration to ensure sustainable value creation.

Despite short-term volatility driven by external factors such as U.S. interest rate policies or regional trade dynamics, Vietnam’s equity market continues to demonstrate resilience. As 2025 enters its final quarter, the country’s reform-driven momentum, youthful demographics, and export diversification reinforce its role as a key growth engine in Asia’s emerging market landscape.

In summary, the Vietnam stock market outlook October 2025 remains constructive. With steady macro fundamentals, strong corporate earnings, and rising global visibility, Vietnam offers investors a unique balance between growth potential and market maturity — a compelling case for sustained allocation in the years ahead.