Vietnam’s stock market outperformed most Southeast Asian peers in 2024, supported by gains in technology, energy, and industrial stocks. From Sept. 30 to Nov. 1, 2024, the VN-Index fell 2.6%, less than regional benchmarks in Malaysia, Indonesia, and the Philippines, and remains one of the region’s stronger performers year-to-date.
As of Oct. 22, 2024, energy, utilities, technology, and industrials showed the highest average price increases, while real estate and financials lagged. Over the past five years, Vietnam and Indonesia have led the region in the number of high-growth companies, particularly in banking, finance, and manufacturing.
This article is a condensed and translated summary (original in Vietnamese, VN) of a feature published in the November 2024 issue of Bloomberg Businessweek Vietnam.