How will Vietnam’s stock market evolve in 2026 after its remarkable performance in 2025? Will the VN-Index seize the chance to reach new heights, or will it encounter formidable challenges along the way? Optimistic forecasts In its recently published Vietnam Outlook 2026 report, JP Morgan projects that the VN-Index could climb to 2,200 points under an optimistic scenario next year. In a baseline scenario, the index is expected to reach 2,000 points. While profit growth in 2025 was largely concentrated in real estate and banking, market performance in 2026 is anticipated to be more broad-based, with expanding opportunities across banking, consumer discretionary, industrial, and materials sectors. Echoing this outlook, SSI Research & Advisory Center (SSI Research) forecasts the VN-Index would reach 1,920 points under a baseline scenario, 2,120 points in a more optimistic case, and 1,650 points in a cautious stance. The 2026 forward P/E ratio of 12.7—below the 10-year historical average of 14—further underscores the market’s valuation appeal, according to SSI Research. Other securities firms have also issued upbeat projections for Vietnam’s stock market in 2026. Vietcap Securities JSC anticipates the VN-Index will close 2025 at 1,737 points, before extending its upward trajectory to 2,033 points by the end […]
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