The latest data from the Vietnam Securities Depository (VSD) reveals that domestic investor accounts surged by nearly 191,000 in May 2025, a slight decrease from the previous month, yet it remains an impressive figure for the past year.
The majority of the new accounts opened in May belonged to individual investors, totaling 190,634. Since the beginning of 2025, the number of domestic investor accounts has increased by almost 800,000.
As of the end of May, domestic individual investors held a cumulative total of over 10 million accounts, equivalent to 10% of the population. This marks an early achievement of the target set for 2025, and the country is now on track to reach 11 million accounts by 2030.
The consistent high level of new account openings coincides with the VN-Index’s strong performance in May 2025, closing at 1,332.6 points, an increase of 106.3 points or 8.67% compared to the end of April. However, liquidity slightly decreased by 7.3%, ending three consecutive months of growth.
This recovery was significantly bolstered by net buying activities from foreign investors, focusing on Banking, Retail, Personal & Household Goods, and Real Estate sectors. Notably, Real Estate and Personal & Household Goods sectors led the rally, with their stock prices outperforming the overall market.
The average matched transaction value on HOSE reached VND 19,883 billion in the past month, a 36.7% increase compared to the previous five-month average. In terms of capitalization, liquidity in the VN30 group witnessed a substantial decline in May, resulting in a notable decrease in the allocation of cash flow into this group compared to April 2025. This shift indicates a growing attraction towards mid-cap (VNMID) and small-cap (VNSML) stocks, accompanied by evident improvements in cash flow.
The average transaction value across the three exchanges reached VND 24,018 billion in May 2025. Specifically, for matched transactions, the average transaction value stood at VND 21,672 billion, a 6.9% decrease from the previous month but still 30.1% higher than the five-month average before that.
Individual investors recorded a net buying value of VND 2,128.6 billion, of which VND 1,115.7 billion was through matched transactions. Focusing on matched transactions, they net bought in 6 out of 18 sectors, mainly in the Industrial Goods & Services sector. The top stocks in their net buying list included VHM, GEX, VCB, VRE, HAH, VIC, VPB, HPG, VNM, and TCH.
