Vietnamese stocks that post strong gains in H1
Vietnam’s benchmark VN-Index has climbed 13% so far this year, and a series of stocks have recorded strong growth driven by the financial recovery.
Topping the list is HVN of national flag carrier Vietnam Airlines, with an impressive gain of nearly 150% in the year to last Friday, June 14.

Vietnam’s benchmark VN-Index has expanded 13% since the beginning of 2024. Photo by The Investor/Trong Hieu.
According to its Q1/2024 financial statement, Vietnam Airlines' net revenue hit nearly VND28 trillion ($1.01 billion), up 19% over the same period last year, marking the highest quarterly figure since Vietnam Airlines was equitized in 2015.
Subsidiaries’ profits also contributed to the airline's growth. In addition, its debt from Pacific Airlines was written off under an aircraft return agreement.
Thanks to that, the national airline for the first time cut losses after 16 consecutive quarters, with consolidated after-tax profit of VND4.44 trillion ($174.4 million).
The stocks in the FPT group, including FPT of FPT Group, FOX of FPT Telecom, FRT of FPT Retail, and FOC of FPT Online Services, all hit historic peaks in H1. FRT has increased by more than 65%, FPT 37%, FOX 111.8%, and FOC 49%.
FPT, FOX and FOC have soared thanks to investors' expectations for Vietnamese technology stocks, amid the world tech race.
Meanwhile, FRT of FPT Retail has benefited from good business signals in the pharmaceutical segment and expansion into the vaccine segment and virtual mobile network.
According to Saigon Securities (SSI), with lower loan costs, FRT can accelerate the opening of Long Chau pharmacies to gain market share as its competitors An Khang and Pharmacity are still struggling with their current business models. “Larger scale will help increase profit margins for Long Chau in the long run,” it said.
SSI estimated that FRT's 2024 profit could reach VND439 billion ($13.7 million) thanks to the recovery of FPT Shop and an estimated VND385 billion profit from the Long Chau pharmacy chain.
Viettel's stocks also left their marks with VGI of Viettel Global skyrocketing 252.71%, VTK of Viettel Consultancy and Services 154.95%, and CTR of Viettel Construction 58.74%. VTP of Viettel Post has increased by 13% since May.
For VGI, in the first quarter of 2024, the company recorded revenue of VND7.9 trillion ($310.33 million) and pre-tax profit of VND2.48 trillion, an increase of 151% compared to the first quarter of 2023. Its net profit reached VND1.63 trillion, nearly 2.7 times higher than the same period last year. With these results, VGI has completed 24.9% of the revenue plan and 45.9% of the profit target set for this year.
The steel group saw gains with GDA of Ton Dong A Corporation (28%), SMC of SMC Trading Investment JSC (37%), NKG of Nam Kim Steel JSC (8%), and HSG of Hoa Sen Group (6%).
Positive business results in the first quarter of 2024 have supported the uptrend of steel stocks. NKG reported a profit of VND188 billion ($7.38 million), compared to a loss of VND49 billion a year ago. Meanwhile, SMC posted net profit growth of 664% year-on-year.
In addition, many other groups have seen positive developments, such as industrial real estate and oil and gas.
Notably, a series of penny stocks have added to market momentum. For example, API, APS, and IDJ - a trio of the APEC Group ecosystem of Nguyen Do Lang, who was detained in June last year for allegedly manipulating the Vietnamese stock market, gained 40%, 16.5%, and 14.5%, respectively.
Recently, all three stocks have boomed after the appearance of the businessman at API's 2024 AGM. At the end of 2023, Lang owned 19.6% of API's charter capital. However, these stocks are far from prices set a year ago.
- Read More
AI, data platform investment unlocks huge opportunities to enhance customer experience: Masan CEO
Vietnam’s leading multi-sector conglomerate Masan Group has made strong investments in AI, big data, and integrated supply chains to improve its operational efficiency, optimize costs, and better serve Vietnam’s 100 million consumers, said CEO Danny Le.
Companies - Sun, July 13, 2025 | 6:51 pm GMT+7
HCMC poised to become Southeast Asia's innovation, financial hub following merger: experts
Ho Chi Minh City, Vietnam’s southern metropolis, is expected to establish itself as a hub for finance, manufacturing, trade, logistics, and innovation in Southeast Asia, after its merger with neighboring provinces.
Economy - Sun, July 13, 2025 | 1:56 pm GMT+7
PVI Insurance honored with prestigious international awards
2025 marks a proud milestone for PVI Insurance Corporation (PVI Insurance), as it has been consecutively recognized with prestigious accolades from top-tier institutions in the Asian insurance industry.
Companies - Sun, July 13, 2025 | 1:27 pm GMT+7
Green logistics a vital condition for Vietnam firms to flourish: exec
Green logistics is not just a long-term goal but a present-day opportunity for Vietnamese enterprises to advance amid the global transition toward sustainable development.
Companies - Sun, July 13, 2025 | 12:18 pm GMT+7
VNPT-VinaPhone, VNPT-Media to merge into parent company VNPT
Telecommunication Services Corporation (VNPT-VinaPhone) and Communications Corporation (VNPT-Media) will be merged into their parent company, Vietnam Posts and Telecommunications Group (VNPT).
Companies - Sun, July 13, 2025 | 9:52 am GMT+7
Real estate major Kinh Bac gains majority control of Trump International Vietnam
Vietnamese developer Kinh Bac City Development Holding Corporation (HoSE: KBC) has expanded its portfolio to 19 subsidiaries following a new ownership move involving Trump International Vietnam.
Companies - Sun, July 13, 2025 | 8:41 am GMT+7
Sumitomo seeks to clear hurdles for industrial park expansion in northern Vietnam
Japanese conglomerate Sumitomo has called on authorities in Hung Yen province to resolve several pressing issues affecting the expansion of Thang Long Industrial Park II (TLIP II), one of the largest industrial parks in northern Vietnam.
Industrial real estate - Sun, July 13, 2025 | 8:00 am GMT+7
Rixos debuts in Southeast Asia on Vietnam’s 'Pearl Island'
A new chapter in travel is unfolding in Southeast Asia as Rixos Hotels, the world’s leading all-inclusive brand, prepares to unveil its first-ever resort in the region.
Travel - Sat, July 12, 2025 | 6:48 pm GMT+7
Vietnam’s biggest airport project ‘races to the finish line’
The Ministry of Construction has requested investors of the Long Thanh International Airport to complete the main route by August 2025 to facilitate trial operations of the passenger terminal and other components.
Infrastructure - Sat, July 12, 2025 | 6:19 pm GMT+7
Singapore's YCH Group eyes developing logistics center in southern Vietnam economic zone
Tay Ninh province has pledged full support to Singapore’s YCH Group in developing a logistics center within its Moc Bai Border Gate Economic Zone.
Industries - Sat, July 12, 2025 | 1:48 pm GMT+7
Vietnam PM asks US firms to sustain support for 'reasonable, detailed tariff pact'
Prime Minister Pham Minh Chinh has called on U.S. businesses to continue supporting the Vietnamese government in dialogues with U.S. agencies to soon reach "a reasonable, detailed tariff agreement for individual products and product groups".
Economy - Sat, July 12, 2025 | 11:32 am GMT+7
Mergers of Vietnamese provinces unlock new property development opportunities
The merging of Vietnamese localities is expected to create a strong "boost" for the real estate market as expanded planning space, synchronized infrastructure, and new land reserves are key factors driving the market's transformation.
Real Estate - Sat, July 12, 2025 | 11:00 am GMT+7
Measures proposed for Thailand to minimize US tariff impacts
Financial and banking experts in Thailand have warned that the U.S.'s proposed 36% tariff on Thai goods is likely to severely undermine Thailand's export competitiveness.
Southeast Asia - Sat, July 12, 2025 | 9:06 am GMT+7
Chinese construction major PCG eyes $383 mln underwater tunnel project in northern Vietnam
Pacific Construction Group (PCG), one of China’s leading construction firms, has expressed interest in developing a VND10 trillion ($383 million) underwater road tunnel in Quang Ninh, a coastal province in northern Vietnam.
Infrastructure - Sat, July 12, 2025 | 8:04 am GMT+7
Vingroup stocks pull VN-Index up for sixth consecutive session
VN-Index, which represents the Ho Chi Minh Stock Exchange, on Friday increased for the sixth consecutive session thanks to large-cap stocks, with foreign investors continuing to strongly net buy.
Finance - Fri, July 11, 2025 | 7:20 pm GMT+7
Coca-Cola inaugurates largest-scale Vietnam factory in Tay Ninh province
Coca-Cola Beverages Vietnam on Friday inaugurated a $136 million factory in Tay Ninh province, the largest-scale among its four facilities in Vietnam.
Industries - Fri, July 11, 2025 | 5:27 pm GMT+7
- Consulting
-
Rethinking resilience: How typhoon Yagi redefines supply chain strategies in northern Vietnam
-
Remove roadblocks to lure foreign investment into Vietnam: HSBC exec
-
AI can be a game changer for Vietnam tourism
-
In trade and investment, ASEAN and China are better together
-
Investment opportunities in LNG-to-power projects in Vietnam
-
Pepper prices 2024: will the dream of 'black gold' repeat?