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Major Equity Index

越南主要股價指數

指數名稱
說明
評論

VN Index

根據胡志明交易所所有上市股票所編製而成的指數,成分股約有近400支股票。

可評估整體股市表現,包含大型股與中小型股,但實際不容易交易,指數型交易多以VN30為主。

VN 30 Index

胡志明交易所市值前30大的公司,屬於藍籌大型股。

最受外資親賴的指數,另在河內交易所有掛牌VN30期貨。

HNX Index

河內交易所股票所編製的指數,成分股約有300多支。

UPCOM Index

於河內交易所的上櫃股票指數,類似於興櫃股票。


VN30

VN30是越南股市中市值最大的30支股票,地位等同於台灣五十或中國A50。

代號
名稱
產業

VCB

Joint Stock Commercial Bank for Foreign Trade of Vietnam

Financials (Bank)

BID

Joint Stock Commercial Bank for Investment and Development of Vietnam

Financials (Bank)

GAS

Petrovietnam Gas Joint Stock Corporation

Energy

VHM

Vinhomes Joint Stock Company

Real Estate

HPG

Hoa Phat Group Joint Stock Company

Materials

VIC

VinGroup Joint Stock Company

Real Estate (Bank)

VPB

Vietnam Prosperity Joint Stock Commercial Bank

Financials (Bank)

CTG

Vietnam Joint Stock Commercial Bank for Industry and Trade

Financials (Bank)

VNM

Vietnam Dairy Product Joint Stock Company

Consumer Defensive

FPT

FPT Corp

Technology

TCB

Vietnam Technological and Commercial Joint Stock Bank

Financials (Bank)

MBB

Military Commercial Joint Stock Bank

Financials (Bank)

MSN

Masan Group Corp

Industrials

ACB

Asia Commercial Bank

Financials (Bank)

SAB

Saigon Beer Alcohol Beverage Corp

Consumer Defensive

GVR

Vietnam Rubber Group Ltd

Consumer Cyclical

BCM

Investment and Industrial Development Joint Stock Corp

Industrials

MWG

Mobile World Investment Corp

Consumer Cyclical

VJC

VietJet Aviation

Industrials

SSB

Southeast Asia Commercial JS Bank

Financials (Bank)

HDB

Ho Chi Minh City Development Joint Stock Commercial Bank

Financials (Bank)

STB

Sai Gon Thuong Tin Commercial Joint Stock Bank

Financials (Bank)

VRE

Vincom Retail JSC

Real Estate

VIB

Viet Nam International Commercial Joint Stock Bank

Financials (Bank)

SSI

SSI Securities Corp

Financials (Securities)

PLX

Vietnam National Petroleum Group

Energy

SHB

Saigon-Hanoi Commercial Joint Stock Bank

Financials (Bank)

TPB

Tien Phong Commercial Joint Stock Bank

Financials (Bank)

BVH

BaoViet Holding

Financials (Insurance)

POW

Petrovietnam Power Corp

Utility

上表為最新整理(2023-12-08)的VN30成分股,依照權重降冪排列,綜觀整體成分股比重可以知道金融與房地產為越南股市的核心,而另外鋼鐵的HPG也是屬於房地產與基礎建設的供應鏈之一,所以也同樣歸屬於同個族群,房地產與金融是最為利率敏感的產業,所以越股是漲是跌還是回到越盾的利率與匯率。

由週線圖來看一個長期的趨勢,當市場政策利率預期(一般均以2年期公債作為指標)下修時,金融股容易漲,而房地產大致呈現類似狀態,但近年呈現背離情形,房地產的買氣近期仍相對低迷,主要原因是受到外部市場的景氣下滑所致,越南雖為一個破億人口的大國,但國內的消費或國民財富累積的最初端來源,仍要靠外商製造業的工資收入,而外商主要為日商、韓商與台商,這東亞三國又剛好是工業的製造大國,產品銷售至全世界,當歐美市場終端需求不足,中國的需求又無法補上時,將產生整體需求的下滑,而越南就首當其衝。

越南的民族性與華人相當接近,也充分被灌輸「有土斯有財」的觀念,所以房地產作為人一生最高價的消費品,也是所有人所追求的,但還是回到工資是否有辦法負擔房價,像台灣是明顯脫鉤,台灣會脫鉤的主要原因是供給量不足,放眼大台北能再開發的區域所剩無幾,都市更新又相當困難,而越南的土地相當廣闊,整體都會區範圍幾乎還可持續放大。

越南需求的回調真的必須實際到當的感受最為明顯,從跩個二五八萬的房地產銷售要去路邊發傳單,到商場美食街維持一整個月的促銷,實際景氣波動相當明顯,這部分是從資料上不容易分析的部分。

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Last updated 1 year ago

🇻🇳
📈
越南金融指數 vs. 越南政府2年期公債利率(反轉)
越南房地產指數 vs. 越南政府2年期公債利率(反轉)