HoSE Market Capitalization Recedes, USD Billion Club Shrinks to 51 Enterprises Alongside Key Urban and Economic Developments in Ho Chi Minh City

The Ho Chi Minh City Stock Exchange (HoSE) experienced a fluctuating trading environment through the conclusion of October 2026, with the benchmark VN-Index closing at 1,741.62 points, marking a modest decrease of 1.53% compared to the previous month. Market liquidity continued to display distinct signs of sector-specific divergence. The total trading value of equities on HoSE for the month surpassed VND 343,251 billion, translating to an average of approximately VND 15,602 billion per session—a 4.93% decline relative to September figures. Conversely, the average trading volume experienced an uptick of 4.36%, reaching nearly 672 million shares per session.

A notable trend throughout the period was the sustained strong net-selling activity by foreign investors, who offloaded shares valued at over VND 23,705 billion in October. The aggregate transaction value executed by international capital participants reached nearly VND 98,789 billion, accounting for 14.39% of the entire market’s turnover. By the close of trading on October 30, the total capitalization of equities listed on HoSE reached approximately VND 8.42 trillion, representing a 1.42% decrease from the end of the prior month and equating to roughly 65.53% of the projected 2025 national Gross Domestic Product (GDP).

Concurrently, HoSE recorded 51 listed enterprises maintaining a market capitalization exceeding USD 1 billion. Within this elite tier, four corporate behemoths retained a valuation scaling past USD 10 billion, spearheaded by property developers Vingroup (VIC) and Vinhomes (VHM), alongside major banking institutions Vietcombank (VCB) and BIDV (BID). However, compared to the preceding month, the USD 1 billion valuation club witnessed the departure of two prominent names: LPBank Securities (LPS) and Gelex Infrastructure (GEL). Market analysts attribute these shifts to routine sectoral valuation adjustments, macroeconomic headwinds affecting liquidity channels, and portfolio rebalancing activities among institutional investors navigating an evolving monetary policy landscape.

Oil and Gas Enterprise Seeks Divestment in Ho Chi Minh City Residential Project

In corporate development news within the southern economic hub, the Board of Directors of Petroleum Industrial and Civil Construction Joint Stock Company (PXI) has formally passed a resolution approving the strategic intent to transfer its entire capital contribution in the Huynh Tan Phat apartment complex project, located in Ho Chi Minh City.

PXI has established a baseline negotiation price threshold of at least VND 12.9 billion for the transfer, a figure that directly mirrors the investment value currently recorded on the company’s official financial balance sheets. According to the corporate resolution, the definitive transfer price and specific transaction conditions will be finalized based on comprehensive negotiation outcomes, strictly adhering to prevailing legal regulations and the internal corporate charter of the enterprise. The enterprise explicitly stipulated that the finalized transfer value shall not fall below the preliminary baseline price unless authorized by an explicit directive from the Board of Directors.

The Huynh Tan Phat apartment complex, commercialized under the trade name Long Son Building, commenced construction in 2009 and reached completion in 2019. The divestment move aligns with a broader industry trend where industrial and construction firms are aggressively restructuring asset portfolios to optimize capital allocation, clear non-core receivables, and enhance overall balance sheet resilience amid competitive real estate market conditions.

Ho Chi Minh City Deploys Gender Equality and Anti-Violence Action Month for 2026

Moving to municipal governance and social welfare initiatives, the People’s Committee of Ho Chi Minh City has officially issued implementation guidelines for the 2026 Action Month for Gender Equality, Prevention, and Response to Gender-Based Violence. Scheduled to run from November 15 to December 15, the annual campaign operates under the overarching theme: "Ensuring Equity in Labor and Production – Fostering Economic Growth, Ensuring Social Progress and Justice."

The initiative is designed to heighten awareness and reinforce institutional responsibility across all administrative tiers, economic sectors, enterprises, and local communities regarding the critical importance of gender equality. It emphasizes the indispensable roles of both women and men in driving labor productivity, economic advancement, and social welfare protection, while simultaneously intensifying preventive measures against gender-based violence, abuse, and harassment targeting women and children.

To ensure profound community penetration, municipal authorities have directed local departments to aggressively expand communication campaigns via mass media, grassroots information networks, and digital platforms. The city will organize specialized conferences, policy dialogues, and seminars addressing labor rights, employment security, wage equity, social safety nets, and the economic empowerment of women. Furthermore, specialized training programs focusing on skill-building for recognizing, preventing, and responding to workplace harassment and domestic abuse will be rolled out. Resources will be actively mobilized to support vulnerable women and children, reinforce crisis hotlines, maintain trusted shelters, and ensure support services operate at maximum efficiency.

Over 380,000 Ho Chi Minh City Citizens Categorized for Military Service Health Screenings

In administrative and defense preparations, the People’s Committee of Ho Chi Minh City has promulgated an official decision recognizing the comprehensive results of the four-tier military service screening classification lists for the year 2027.

The administrative review encompassed a total of 456,956 eligible citizens across the metropolitan area. The finalized categorization breakdown indicates that 120 citizens have been granted permanent exemptions from military conscription; 6,784 individuals remain unconsidered or pending review; 69,855 citizens have been granted temporary deferments due to educational pursuits, family hardships, or health grounds; and 380,197 citizens have been officially classified into the mandatory health screening pool for the upcoming recruitment cycle.

The municipal administration has instructed the chairpersons of all 168 communes, wards, and special administrative zones to publicly publish these verified lists on electronic information portals. In tandem, physical notices must be conspicuously displayed at communal administrative offices and neighborhood cultural centers in strict compliance with transparency mandates, ensuring absolute fairness and community oversight throughout the pre-enlistment assessment phase.

City Proposes Enhanced Public Passenger Transport Policies Ahead of November 15

In an effort to restructure urban mobility and mitigate traffic congestion, the People’s Committee of Ho Chi Minh City has issued directives aimed at sustaining the effectiveness of public transit support programs and finalizing strategic pathways for the post-2026 period.

Acting upon comprehensive implementation reports submitted by the Department of Construction regarding the initial three-month rollout of the municipal transit subsidy initiative—which encourages citizens to utilize public buses—the municipal leadership has assigned core coordinating responsibilities to key infrastructural bodies. The Department of Construction is tasked with executing Phase 2 objectives outlined in the city’s master transit development blueprint. This includes addressing systemic operational bottlenecks, accelerating administrative processing schedules for public transport concessions, enhancing the passenger travel experience, and systematically evaluating the outcomes of Resolution No. 09/2026/NQ-HĐND to formulate advanced public transit development frameworks prior to November 15.

Simultaneously, the Ho Chi Minh City Cadre Academy has been mandated to finalize comprehensive sociological surveys measuring citizen satisfaction levels regarding urban bus services, with final metric evaluations required before November 10. Relevant regulatory agencies are expected to maintain close, uninterrupted inter-departmental cooperation with the Department of Construction to guarantee operational velocity, financial transparency, and structural efficacy across the entire public transportation network. These synchronized regulatory measures underline the municipal government’s unwavering commitment to balancing high-speed economic growth with sustainable urban infrastructure development, robust social welfare protections, and rigorous fiscal governance as the city advances toward the close of the 2026 fiscal year.