HOSE loses VND545 trillion, six companies exit billion-dollar club

By the close of July 2026, the Ho Chi Minh Stock Exchange (HOSE) had seen its market capitalization plummet to almost VND8.22 quadrillion (US$316 billion). This represented a staggering 6.18 percent drop from June's figure, which had stood at VND8.765 quadrillion. The July market correction had resulted in a loss of approximately VND545 trillion, marking a significant erosion in the value of listed equities.

This sudden decline was equivalent to 64.01 percent of Vietnam's GDP in 2025 and constituted more than 94.84 percent of the total capitalization across the entire Vietnamese stock market.

Key indices, such as the VN-Index, VNAllshare, and VN30 Index, also experienced substantial declines. By July 31, the VN-Index had fallen to 1,735.78 points, a 6.68 percent decrease for the month. The VNAllshare had dropped to 1,762.69 points, marking a 7.5 percent decline. Meanwhile, the VN30 Index had decreased to 1,872.07 points, a 6.2 percent drop.

This market downturn was accompanied by a noteworthy reduction in the number of companies with valuations exceeding US$1 billion. From 54 companies listed above this threshold at the end of June, the count had dwindled to 48 by July 31, with six firms, including Phu Nhuan Jewelry JSC, Kinh Bac City Development Holding Corporation, GELEX Infrastructure JSC, Vietcap Securities JSC, Nam A Bank, and VNDirect Securities JSC, exiting the billion-dollar club.