Vietnam’s financial services sector has quietly emerged as one of the stock market’s top performers. According to Bloomberg data, shares of financial service companies rose nearly 60% year-on-year as of March 19, 2024 — outpacing most other sectors.
The surge reflects investors’ renewed optimism toward securities firms, brokerages, and asset managers as trading volumes recover and interest rates remain low. Yet, amid the rally, analysts caution that separating true value from short-term speculation will be key — a process much like “panning for gold” in a fast-flowing market.
This article is a condensed and translated summary (original in Vietnamese, VN) of a feature published in the April 2024 issue of Bloomberg Businessweek Vietnam.