BSC Insight | Market Waves – IPO waves & capital mobilization activities in Vietnam’s stock market (Ep. 1)

In 2025, Vietnam’s stock market is witnessing a strong resurgence of the IPO wave, with total capital raised exceeding VND 35 trillion, led by large-scale deals from securities firms. This wave is not only reopening capital flows but is also expected to generate a new supply of market “products” in the coming period. In parallel, 2025 is also marked by vibrant capital-raising activities and the return of auctions after a prolonged period of stagnation.

To provide a comprehensive view of the IPO landscape and capital-raising activities in Vietnam’s stock market, BSC Research is pleased to present to investors a report series on market waves: “Market Waves – IPO waves & capital mobilization activities in Vietnam’s stock market” (Episode 1).

This first report highlights the following key contents:

1.Listing and Trading Registration Activities: An overview of the current state of Vietnam’s stock market, with analysis of market “product” supply, listing activities, and stock transfers between exchanges.

2.Review of Past IPO Activities and Major Deals: A broad review of IPO activities in Southeast Asia, the history of capital raising in Vietnam’s stock market during 2000–2025, and an outlook on auction activities, state-owned enterprise equitization, and private sector offerings.