VN-Index is a market-cap weighted average of all stocks listed on HOSE. The barometer of Vietnam's stock market — when VN-Index rises, most HOSE stocks are rising.
VCB, VHM, BID, FPT, CTG, GAS, MSN, VIC, VPB, HPG — comprise ~55% of total HOSE market cap. These 5 mega-caps drive VN-Index direction.
2007: peak 1170 points before global crisis. 2009: bottom 235. 2018: first time above 1200. 2022: peak 1530 before crash. 2024: recovered to 1300. 2025-26: trading 1250-1400 range.
ETF E1VFVN30 (mimics VN30 — top 30 stocks). Direct purchase of top blue-chips. Index funds. VN30F1M futures derivatives (5x leverage).
GDP growth, FDI, SBV interest rates, USD/VND exchange rate, elections, tax policy, foreign capital flows. Global: Fed rates, China economy, oil prices.