In May alone, investors opened more than 191,000 new accounts, primarily individual ones. Over the first five months of the year, the market added more than 800,000 new accounts.
This brings the total number of stock trading accounts in Vietnam to over 10 million, equivalent to roughly 10 per cent of the population. Of these, 99.8 per cent are held by individual investors. Under a government roadmap, the market aims to reach 11 million accounts by 2030, with a focus on expanding the base of institutional and professional investors and attracting more foreign participation.
The milestone was achieved as the VN-Index, the benchmark index of Vietnam’s stock market, posted strong gains in May. The index rose by 106 points, or approximately 8.7 per cent, the highest monthly increase in the past two years. Daily trading liquidity averaged nearly VND 20 trillion (approximately USD 785 million).
Tien Phong Securities (TPS) attributed the market’s positive performance in May to stabilising investor sentiment after concerns over US tax policy had already been priced in. Additional momentum came from the State Bank of Vietnam’s flexible monetary policies aimed at stabilising the exchange rate and maintaining low interest rates.
Looking ahead to June, analysts at VNDirect Securities said the VN-Index’s room for further growth may narrow, as the index is approaching a key resistance zone at 1,340–1,350 points.
Agribank Securities (Agriseco) noted that the market is entering June with both opportunities and challenges. Increasing and unpredictable tariff-related news may weigh on investor sentiment. Moreover, after sharp gains in May, many stock groups have reached new highs, leaving limited upside potential.
