An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/An Khuong
Vietnam’s benchmark VN-Index ended the last trading session of 2025 at 1,784 points, a 40% rise for the year, the largest gain since 2017.
This was the third annual increase of the index, making 2025 one of the most highest-performing years in Vietnam’s stock market history.
VN-Index’s increase far exceeded the forecasts of most securities firms and investment funds. At the beginning of the year, most analysts expected the index to fluctuate between 1,300 and 1,700 points, implying an increase of about 3-34% compared with the end of last year.
The index at one point fell below 1,100 points after unexpected news on reciprocal tariffs announced by U.S. President Donald Trump triggered a sell-off in early April.
But the market later rebounded, with the index surging to a record 1,805 points in late December, driven mainly by conglomerate Vingroup’s gain.
Vingroup share ended the year 738% higher. Associated companies such as property giant Vinhomes, retail real estate arm Vincom Retail and resort operator Vinpearl are also among the biggest contributors to the index.
In the last session of the year, HDB of HDBank led the VN30 basket (comprising the 30 largest capped stocks) with a 6.3% increase, followed by VHM, up 5.5%, and DGC of Duc Giang Chemicals Group, up 5.1%.
Fifteen stocks fell, including GAS of state-owned Petrovietnam Gas and STB of Ho Chi Minh City-based lender Sacombank, each with a 3.3% drop.
Foreign investors were net buyers to the tune of VND720 billion, mainly buying STB and VPL of Vinpearl.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.69%, while the UPCoM-Index for the Unlisted Public Companies Market rose 0.18%.
