Just within a short time from the end of 2016 to early 2017, a series of large conglomerates turned up in the stock market. 

FOX shares of FPT Telecom, after many years of stirring up the OTC market, made their debut on UpCom market in early 2017 and saw the prices increasing several times within days.

Prior to that, SAB and BHN of Sabeco and Habeco, the two largest brewers, also witnessed share prices soaring from tens of thousands of dong to VND200,000 per share.

With the market price of VND220,000, Sabeco has become the enterprise with the second largest capitalization value in the stock market ($6.3 billion), just after Vinamilk ($8 billion). 

SAB is being hunted by investors, including foreigners, who now hold 9 percent, while the Ministry of Industry and Trade still holds the controlling stake of 89 percent.

Soon after listing their shares on the bourse after many years of hiding, a number of multi-billion dollar conglomerates quickly became ‘pillars’ in the stock market.

With the appearance of multi-billion dollar conglomerates, the Vietnamese stock market scale has grown rapidly. 

Ten years ago, Vietnam only had two to three enterprises with capitalization value of billions of dollars, while there are now tens of such enterprises.

HVN shares of Vietnam Airlines, the national flag air carrier, soared so sharply on the first days of 2017 that many investors regretted their decision to not buy HVN when the carrier made IPO in 2014.

The price of more than 1.3 billion HVN soared by 40 percent on the first day of turning up, raising the air carrier’s value to over $2 billion. 

The impressive debut and the expected bright prospects of the aviation market promise huge profits for investors, including Vietcombank and Techcombank, the two institutional investors who bought 99 percent of the amount of HVN offered at the IPO.

Sabeco’s share price, which was VND80,000 in the OTC market, has increased by three times within a short time.

A series of foreign investors, including SABMiller, Thai Beverage, Shingha, Heineken, Ab-Inbev and Asahi, are queuing up to buy the shares after one decade of waiting, since the day the enterprise began equitization in 2008.

ACV shares of the Airports Corporation of Vietnam (ACV) have also been hunted by investors. The enterprise has listed its name among multi-billion dollar corporations soon after listing shares on the bourse with the total capitalization value of approximately $5 billion.

At the IPO in 2015, more than 80 percent of ACV shares put into auction were bought by foreign investors. The investors who acquired ACV shares at the IPO now can make a 400 percent profit just after one year. 

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