The merger of administrative units has resulted in the formation of 34 new provinces/cities, providing businesses with expanded opportunities for growth.
In each of these new provinces/cities, the largest companies by market capitalization are prominent names, representing the local economy’s key sectors, ranging from seafood and energy to construction and finance.
Notably, as of June 30, 2025, all seven of the companies with the largest market capitalization in the market are headquartered in Hanoi. This highlights the capital’s appeal as a center for economics and finance, attracting Vietnam’s leading corporations.
Topping the list is the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank – VCB) with a market capitalization of VND 473,768 billion. This is followed by Vingroup Joint Stock Company (VIC) with VND 364,327 billion and Vinhomes Joint Stock Company (VHM) with VND 316,271 billion.
Other major banks, including BIDV, Techcombank, Vietinbank, and VPBank, are also on the list, with market capitalizations of VND 253,471 billion, 239,852 billion, 225,271 billion, and 146,219 billion, respectively.
Additionally, Viettel Global Joint Stock Company (Viettel Global – VGI) stands at VND 224,025 billion, FPT Corporation at VND 173,760 billion, and Military Commercial Joint Stock Bank (MB) at VND 156,828 billion.
Turning to Ho Chi Minh City, several large enterprises are listed with impressive market capitalizations. Leading the way is the Vietnam Airports Corporation (ACV) with a market capitalization of VND 214,452 billion.
Following ACV is Petrovietnam Gas Joint Stock Corporation (PV Gas – GAS) with VND 158,833 billion and Masan Consumer Holdings (MCH) with VND 133,218 billion. The Vietnam Rubber Industry Group (GVR) and Vinamilk (VNM) have nearly equivalent market capitalizations, standing at VND 121,200 billion and VND 121,217 billion, respectively.
Other notable companies in the top include Masan Group (MSN) with VND 110,465 billion, Asia Commercial Joint Stock Bank (ACB) with VND 109,411 billion, Mobile World Investment Corporation (MWG) with VND 96,870 billion, Sacombank (STB) with VND 88,040 billion, and HDBank (HDB) with VND 76,192 billion.
“Proposed Establishment of a State-Run Real Estate Trading Center”
The Ministry of Construction has been working in close collaboration with the Vietnam Real Estate Brokerage Association to research and develop supportive practice mechanisms. Notably, they have proposed the establishment of a state-managed Real Estate Trading Center, which stands out as a significant initiative.
What Province Does the Spratly Special Zone Belong To?
The newly reorganized special administrative unit, the Spratly Islands, is now part of Khanh Hoa province.
“A Historic Step with Strategic Significance: Reorganizing the Landscape”
“The decision to ‘reorganize the landscape’ is a historic and strategic move, marking a new phase in the journey towards a more efficient and effective state administrative apparatus. These reforms are aimed at creating a modern, streamlined, and responsive system of governance that is closer and more accountable to the people. By undertaking these changes, we are taking a significant step forward in our quest to build a more just and equitable society, where the interests and well-being of the people are at the heart of everything we do.”
The New Provincial and Municipal Party Secretaries: A Comprehensive List
“Unveiling the Newly Appointed Provincial and Municipal Party Committee Secretaries: A Comprehensive List of Vietnam’s Post-Merger Leadership.”
European Businesses Complain About ‘Red Tape’ Bureaucratic Hurdles
A recent survey by the European Business Association in Vietnam (EuroCham) revealed that existing administrative barriers persist, with the process of obtaining work permits for foreign employees remaining a prominent issue. A significant 33% of surveyed businesses highlighted this challenge.
