Vietnam Overview
A Multi-Year Growth Story
The Vietnamese listed equities market presents a compelling investment opportunity and also represents an attractive asset class that is expected to grow over the coming years.
Driven by a multi-year growth outlook the Vietnamese economy is underpinned by structural growth and economic tailwinds; an evolving and strengthening equity market backed by growing corporates; and attractively valued listed companies across various sectors of the economy.
• Us$514 billion gdp (2025)
• 10% P.A gdp growth (2026 – 2030)
• 6th largest exporter in asia
• 32.5 Years median age
• 50% Of population in middle class by 2035 (from 17% in 2024)
An Evolving & Strengthening Equity Market
• Strong trajectory of corporate earnings growth coupled with attractive valuations.
• Vietnam’s stock market domestic penetration remains significantly below that of regional peers, presenting substantial long-term growth potential. This opportunity is supported by rising household wealth and disposable income, with the share of the population in the middle-income segment increasing from 31.5% in 2010 to 58% in 2022.
• Vietnam’s capital markets are undergoing a transformation, with a strong focus on aligning with global standards and attracting institutional capital. IPO-to-listing procedures are being streamlined to accelerate market depth and improve overall efficiency.
• The government aims to increase market capitalization to GDP from 60% in 2023 to 120% by 2030.
Well-Managed Economic Reform
• Resilient growing domestic consumer demand and infrastructure development.
• A comprehensive government reform focused on streamlining administrative processes to foster a more competitive, private sector-led economy.
• Modest public debt level, balanced inflation rate and relatively stable currency
• Solid trade and FDI as Vietnam continues to gain market share in the global supply chain due to favourable tariffs condition, and an extensive network of over 17 free trade agreements.
Vietnam Phoenix Fund
With a comprehensive research presence in Asia Pacific, VPF continually develops its local market knowledge and deploys rigorous due diligence on a consistent basis.
Having a long-standing history in the local markets, the VPF team have built an extensive network that enables the Fund to access premium-listed Equities, including opportunities that are constrained by foreign ownership limits, typically unavailable to offshore participants.