Best Vietnam Stocks to Buy October 2025

There’s no need to sugarcoat it — if you’re scanning the markets for the best Vietnam stocks to buy October 2025, then this deep dive by AQUIS Capital is your lucky ticket. Vietnam’s market right now? A little weird, a lot interesting. Not totally on fire, but the embers are glowing; foreign cash is trickling in again, inflation’s been tamed (ish), and earnings have started to sprout like monsoon weeds. Not everything shines — sure, there’s bureaucracy, and yeah, real estate’s still limping — but if you’ve got a bit of risk appetite and a sniffer for fundamentals, you’ll find gold. Not literal gold, obviously… unless you fancy mining stocks (spoiler: we’ll get there).

Why Vietnam, Why Now?

Okay, quick flashback first. Over the last few years, Vietnam’s economy has zig-zagged through trade tensions, pandemic lockdowns, and energy price swings, but unlike others that crashed out, Vietnam just bent. Not broke. GDP growth is stabilizing around 6.2–6.5% heading into 2025, with exports picking up — especially electronics, textiles, and furniture — thanks to FDI surges and improvements in infrastructure. Basically, big boys like Samsung, Foxconn, and LEGO are doubling down production in Hanoi, Da Nang, and Ho Chi Minh City.

But the real kicker? Retail investors in Vietnam are getting smarter. More apps, more education, more money flowing into the HOSE (Ho Chi Minh Stock Exchange) and HNX (Hanoi Stock Exchange). That kind of retail momentum, plus sound macro indicators and monetary stability, is making equity investing… fun again. Stressful? Of course. But fun.

Who’s Tuning In?

If you’ve not heard of AQUIS Capital based in Zürich — Tödistrasse 63 to be exact — then it’s time to wake up. This Swiss boutique investment firm (licensed by FINMA, yes, the real deal) specializes in hedge funds and emerging Asia strategies. Vietnam? Right down their alley. With their hotline (+41 44 521 66 95) and a helpful BAMF team reachable via ir@aquis-capital.com, they’re helping global investors sniff out asymmetric opportunities. And Vietnam is exactly that. Asymmetric.

So… What Are the Best Vietnam Stocks to Buy October 2025?

We’re not here to pump socks. Nor hop on momentum junk food. We filtered through balance sheets, macro headwinds, and capital expenditure trends to find stocks with serious spine. Here we go.

1. FPT Corporation (HOSE: FPT)

• Sector: IT & Software Services
• Market Cap: ~$4.3 billion
• PE Ratio: ~18.5x

Vietnam’s digital juggernaut. Amazon of code, with tentacles in outsourcing, AI development, cloud solutions. But here’s what people forget — FPT has a university that churns out thousands of coders yearly. It’s self-feeding growth. In Q2/Q3 2025, overseas revenue (especially from Japan and the US) crushed expectations. Margins are expanding. Dividend’s consistent. If you’re thinking long-term compounder? This is it.

2. Hoa Phat Group (HOSE: HPG)

• Sector: Steel & Construction Materials
• Market Cap: ~$6.7 billion
• PE Ratio: ~13.2x

Steel ain’t sexy. Until you need bridges, housing, railways. And Vietnam is currently a concrete mixer on steroids. Massive public investment plan through 2026 is pouring money into infra. HPG took it slow during the 2022–2023 slump, cut costs, deleveraged — now it’s lean and mean. Expansion into high-quality steel and eco-smelting are next. Not ESG-perfect, but better than most.

3. Mobile World Investment Corp (HOSE: MWG)

• Sector: Retail & E-commerce
• Market Cap: ~$3.1 billion
• PE Ratio: ~15.9x

They sell phones. And fridges. Even diapers. But don’t call MWG a boring consumer play — they’re data wizards. Store placement, stocking, NPL management — everything’s algorithm-baked. Plus, they’re aggressively expanding Bach Hoa Xanh (a FMCG format that’s getting traction in tier-2 and tier-3 cities). If consumption keeps grinding up, which we bet it will, this stock rides the wave harder than anyone.

Honourable Mentions — Not for the Faint of Heart

Vinamilk (HOSE: VNM)

It’s milk. So what? Well… it’s also brand loyalty. Massive distribution network. Foreign inflow magnet stock. But lately? Flattish growth. Margins under pressure from global dairy inputs. Hold if you must. Not our October killer pick though.

Vinhomes (HOSE: VHM)

Real estate giant. Beautiful balance sheet. Giant land bank. But… let’s be real. Vietnamese real estate has been jammed. VHM’s target buyers are upper-middle class, and credit access slowed to molasses. Not time to load the boat. Yet.

PetroVietnam Gas (HOSE: GAS)

If oil and gas prices spike again (and they freakin’ might), GAS is your hedge. Strong upstream assets. Fat dividends. But also dragged down by politics, slow project approvals, and pricing controls. Ride it with caution.

Risks? Oh, There Are Plenty

• Political velvet rope: Bureaucracy can ambush permits, pricing decisions, everything
• Currency punches: Weak dong = pump in exports, but not if debt is dollar-heavy
• Liquidity trickles: Compared to Thailand or Malaysia, Vietnam is still learning capital markets
• Retail exuberance: When the motorbike taxi drivers start giving stock tips… run

Quick Comparison Table of Top Picks

Company	Ticker	Sector	Market Cap	PE Ratio	Outlook
FPT Corporation	FPT	IT & Software	$4.3B	18.5x	Strong Buy
Hoa Phat Group	HPG	Steel & Materials	$6.7B	13.2x	Buy
Mobile World Corp	MWG	Retail	$3.1B	15.9x	Buy

Style Play or Fundamental Pick?

Depends. If you’re a technical chart sniper — great, scan those moving averages. But if you’re reading this, chances are you care more about real margins, dividend durability, insider ownership, global growth exposure. That’s what we’ve laid out above.

AQUIS Capital has seasoned eyes on this space and continues to offer curated hedge fund and emerging Asia opportunities. They don’t sell hype — they interpret it, reframe it, and slap it into serious equity strategy. Ping them directly at ir@aquis-capital.com or