Market index
VN-Index
Vietnam's benchmark Ho Chi Minh index, a gauge of frontier-Asia growth and risk appetite.
At a glance
VN-Index: latest value and prior change
As of 2026-07-31, VN-Index is 1,740 pt. It is 4.64 pt lower than 1,745 pt on 2026-07-30.
Across 110 available observations from 2026-02-25 to 2026-07-31, the latest value is at the tie-adjusted 28th percentile.
- Observed on
- Default comparison window
- 2026-02-25–2026-07-31
- Observations · observed cadence
- 110 · Daily
- Data source
- Naver Finance
A high or low percentile does not by itself make the indicator positive, negative, or a buy or sell signal.
Time-series chart
VN-Index
2026-02-25–2026-07-31
Long-history series are stored as real provider observations. Index, FX, VIX, and ratio charts use historical backfill where providers expose it; Korean investor flow and margin-credit feeds expand as stable historical endpoints become available.
Interpretation guide
The VN-Index: the emerging market Korean capital knows best
The VN-Index aggregates every listing on the Ho Chi Minh Stock Exchange, capitalization-weighted. Korea is among Vietnam's largest investors and Korean funds and retail investors hold broad exposure, so the index doubles as a frontier-Asia risk gauge and a read on the manufacturing base many Korean companies depend on.
What the index contains
Banks, property, and consumer names anchor the index, with large conglomerates like the Vingroup family carrying outsized influence. Foreign ownership limits and thin liquidity make flows lumpy and swings frontier-sized.
- A bank-led index means the credit cycle and property market drive much of the direction.
- Recurring MSCI emerging-market upgrade hopes act as a periodic re-rating catalyst.
- Daily price limits (±7%) and thin liquidity amplify volatility in both directions.
The link to Korea
Vietnam is a core production base for Korean manufacturing — roughly half of Samsung's smartphones are built there. Its economy feeds back into Korean intermediate-goods exports and local subsidiary earnings, and Korean investors hold meaningful Vietnam exposure.
- A strong Vietnamese export cycle lifts Korean intermediate-goods shipments to Vietnam.
- The stronger the China-plus-one supply-chain shift, the larger Vietnam's expected benefit.
- Dong depreciation pressure can pair foreign outflows with index corrections.
Uses and misreads
With a long growth story and high volatility, extrapolating short-term VN-Index swings into a broad EM signal is the standard misread. Use it as a risk-appetite thermometer and a long-horizon allocation reference.
- VN-Index and KOSPI rallying together marks broad Asian risk appetite.
- In sharp rallies, account for distortions like premiums on foreign-limit-full names.
- In rising US-rate phases, frontier markets like Vietnam tend to correct harder.