[REVISION HISTORY]

Vietnam economic growth and market performance

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What changed

2026-11-03 15:30 UTC → 2026-11-04 08:32 UTC · added ~~removed~~

Vietnam has demonstrated significant economic expansion across various sectors in late 2026. In the e-commerce sector, the four largest platforms, including Shopee and TikTok Shop, reached a combined Gross Merchandise Value of approximately $15.8 billion during the first nine months of the year. While the market scale is robust, reports indicate that growth in value has been driven primarily by rising average product prices rather than sales volume. On a broader scale, data from the Fortune Southeast Asia 500 rankings shows that 72 Vietnamese companies achieved a combined revenue of $177.9 billion, marking a 10.5% increase from the previous year. This growth rate is noted to be three times higher than the regional average. The rapid economic development in the country led to Ho Chi Minh City being selected as the inaugural host for the Fortune Southeast Asia 500 CEO Summit. During the summit, experts emphasized that Vietnamese firms must transition from basic production toward mastering technology and integrating more deeply into global value chains. Techcombank CEO Jens Lottner highlighted the nation's resilience and the opportunities arising from supply chain diversification and foreign direct investment. ~~In terms of specific~~ Specific corporate ~~performance,~~ performances include Agribank, which ranked 45th in the region with $7.095 billion in revenue, and Bao Viet Group, which ranked 159th. FPT secured the 130th position, maintaining its status as the largest IT services provider in Southeast Asia. However, despite these revenue milestones, some major listed companies, including FPT and Masan Consumer, have experienced substantial declines in market capitalization since the start of 2026. Additionally, Petrolimex reported a significant revenue surge, reaching 373,226 billion VND in the first nine months of 2026, ~~which surpassed~~ surpassing Vingroup's revenue for the same period. ~~Additionally, Vinmec, a healthcare system under Vingroup, was ranked 9th in the Fortune 100 Best Companies to Work For Southeast Asia 2026, serving as the only Vietnamese hospital to enter the top 10.~~

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