At the end of 2024, the VNINDEX reached 1,266.78 points, an increase of 12.11% compared to the end of 2023. This is a strong price increase amidst external uncertainties, geopolitical tensions, exchange rate pressures, and significant foreign net selling. The total market capitalization at the end of 2024 was approximately 288 billion USD, equivalent to nearly 63% of the estimated GDP for 2024. The VNINDEX has maintained a long-term growth trend since April 2020.

The P/E ratio of 385 stocks in the VNINDEX at the end of 2024 was 13.0, lower than the 5-year average and the overall market average of 15.08. This is considered an attractive P/E level when compared to the growth prospects of the economy in 2025. The inverse P/E ratio, EPS/P, stands at 7.69%, equivalent to the current average 12-month savings interest rate.

Foreign investors increased their net selling scale: net selling on HOSE was -90,268.97 billion VND (up 365.9% YoY), net selling on HNX was -1,082.9 billion VND after net buying 2,997.3 billion VND in 2023, and net selling on UPCOM was -1,213.0 billion VND (up 106.9% YoY).

Credit growth improved, and the average inflation in Q4 2024 increased by 2.87% YoY, with the average CPI for 2024 rising by 3.63% compared to 2023, achieving the target of <4% set by the National Assembly.

The VNINDEX in 2025 is expected to rise by 11-12% compared to 2024, targeting a range of 1,400 - 1,420 points. Additionally, there may be a case where the VNINDEX experiences a strong adjustment of 15% - 20% before the market stabilizes again, due to the uncertainties arising from President Trump's inauguration in January 2025.

Top 5 promising sectors in 2025: Banking, Real Estate – Industrial Zones, Logistics, Financial Services, Technology – Telecommunications.

Top 10 recommended stocks for 2025: ACV, CTR, CTG, DGC, FPT, HPG, SIP, SSI, TCB, VTP.