Three VN30 stocks among top gainers on HCMC bourse

Three blue-chip stocks in Vietnam’s benchmark VN30 index have ranked among the top gainers on the Ho Chi Minh City Stock Exchange (HoSE) so far in 2026, buoyed by strong performances in state-owned enterprises and sector-specific tailwinds.

After just over two months of trading this year, PLX of Petrolimex had risen 43.25%, GVR of Vietnam Rubber Group gained 41.36%, and BVH of Bao Viet Group climbed 32.64%, placing all three in the top 10 best-performing stocks on HoSE, data collected by The Investor shows. All three companies are state-controlled enterprises and members of the VN30.

Despite heightened volatility, Vietnam’s stock market has offered opportunities across sectors, with capital flows spreading more evenly rather than concentrating in a handful of names. More than half of HoSE-listed stocks advanced during the period, with 216 gainers (53.7%) versus 177 decliners (44%).

Sector-wise, oil and gas stocks led with an average gain of 44.59%, followed by insurance (26.41%), financial services (8.94%), and banking (7.1%). Other state-linked stocks also posted strong gains, including GAS (up 31.27%), PVS (24.79%), and PVD (17.35%) in oil and gas, and VCB (12.78%), BID (21.98%), and CTG (8.73%) among state-owned banks. BSR surged 50.77%, also entering HoSE’s top 10 gainers.

Market analysts attributed the outperformance of state-owned enterprises to the Politburo's Resolution 79 on state economic sector development, which they described as a policy framework redefining the role of the state sector in key areas such as energy security, infrastructure, logistics, finance, mineral resources, agriculture-forestry, and macroeconomic stability, laying foundations for long-term growth.

The strongest performer on HoSE was VVS of Vietnam Machinery Development Investment JSC, which rose nearly 72%, supported by sharply higher earnings in 2025. The company reported record revenue of VND8.05 trillion ($310 million), up 107% year-on-year, and record pre-tax profit of VND407.9 billion ($15.7 million), up 362%.

Elsewhere, shares of Binh Dien Fertilizer JSC (BFC) climbed 41.36% after the company reported higher production and sales volumes in 2025, both up 8%. Total revenue hit nearly VND10.78 trillion ($414.93 million), up 13.2% and far exceeding the target, but consolidated pre-tax profit fell 6.7% from a year earlier to VND495.2 billion ($19.07 million).

On the downside, GEE, LM8 and DAT were among the steepest decliners on HoSE, each falling more than 20%.

On the Hanoi Stock Exchange, VMS of Maritime Development JSC led with a 96.76% gain, followed by ARM of Aviation Import-Export JSC with 84.58%.

Shares of KSV of TKV Minerals Corp jumped 56.86%, tracking a surge in precious metal prices amid rising geopolitical tensions and a weaker U.S. dollar.

KSV reported record 2025 revenue of VND14.4 trillion ($554.49 million), up more than 8%, and net profit of nearly VND2 trillion ($77 million), a 64% increase from 2024, driven mainly by higher average selling prices for copper, gold, silver and zinc products.

By contrast, CTT (-41.61%), VE3 (-37.21%) and SGH (-33.33%) were the biggest losers on the HNX, while on the unlisted public companies market UPCom, VXT (300%), VES (131.48%), and FCC (112%) posted the strongest gains, and VHF (-61.66%), STD (-56.32%), and L62 (-55.17%) recorded the steepest declines.