Vietnam Stock Market Holidays 2025: Key Dates, Unique Features, and Tips
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Overview: Vietnam Stock Market
The Vietnam Stock Exchange (VNX) is one of Southeast Asia’s most dynamic markets, reflecting Vietnam’s rapid economic growth and integration into the global financial system. Established in 2021, the VNX operates two key exchanges:
- Ho Chi Minh Stock Exchange (HOSE): Focused on large-cap stocks.
- Hanoi Stock Exchange (HNX): Focused on smaller companies and bond trading.
The benchmark indices, VN-Index and HNX-Index, track the performance of listed companies, including major players like Vinamilk, Vingroup, and PetroVietnam Gas. These indices highlight the economy’s key sectors, such as consumer goods, real estate, and energy.
As Vietnam moves toward achieving emerging market status under MSCI and FTSE classifications, its stock market has gained significant interest from domestic and international investors. Understanding the market’s holiday schedule, trading hours, and unique characteristics is essential for navigating this growing market effectively.
Learn more: 2025 Vietnam Calendar - Full List of Public Holidays And Observances
Official Holidays for the Vietnamese Stock Market in 2025
Vietnam Stock Market |
The Vietnam Stock Exchange suspends all trading activities during national public holidays. Below is a detailed explanation of each holiday, its significance, and the impact on trading schedules:
1. New Year’s Day - January 1, 2025
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Date: January 1 (Wednesday)
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Significance:
New Year’s Day marks the beginning of the Gregorian calendar year and is a time for renewal and reflection. In Vietnam, it is celebrated with family gatherings and fireworks.
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Market Closure:
Both HOSE and HNX will be closed for the day, aligning with global markets. Investors often use this break to review portfolio performance and strategize for the year ahead.
2. Tết (Vietnamese New Year) - January 25 to February 2, 2025
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Dates: January 25 (Saturday) to February 2 (Sunday)
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Significance:
Tết is the most significant holiday in Vietnam, marking the Lunar New Year. It is a time for family reunions, ancestor worship, and traditional festivities. Streets are decorated, and businesses shut down as people travel to their hometowns.
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Market Closure:
The stock market will remain closed for nine days during Tết. Investors should prepare for this extended break by managing their portfolios in advance, as reduced liquidity can affect trading activities before and after the holiday.
3. Hung Kings’ Commemoration Day - April 7, 2025
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Date: April 7 (Monday)
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Significance:
This holiday honors the legendary Hung Kings, considered the founders of Vietnam. It is a day of national pride and cultural celebration, often marked by ceremonies and traditional performances.
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Market Closure:
Trading is suspended for the day to observe this important historical event.
4. Reunification Day - April 30, 2025
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Date: April 30 (Wednesday)
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Significance:
Also known as Victory Day, this holiday commemorates the reunification of North and South Vietnam in 1975. It is a day of parades, celebrations, and remembrance.
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Market Closure:
The market will be closed, providing a mid-week pause for traders.
5. International Labor Day - May 1, 2025
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Date: May 1 (Thursday)
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Significance:
Labor Day celebrates the contributions of workers to society and the economy. It is observed with rallies, speeches, and community events advocating workers’ rights.
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Market Closure:
The VNX observes this international holiday, halting trading activities for the day.
6. National Day - September 2, 2025
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Date: September 2 (Tuesday)
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Significance:
National Day marks Vietnam’s declaration of independence from French colonial rule in 1945. It is celebrated with flag-raising ceremonies, parades, and cultural performances.
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Market Closure:
The stock market is closed, reflecting the national spirit of unity and independence.
Trading Hours
The Vietnam Stock Exchange operates on the following schedule:
- Morning Session: 9:00 AM - 11:30 AM (local time)
- Afternoon Session: 1:00 PM - 3:00 PM (local time)
The market is closed on weekends and the aforementioned public holidays.
Unique Features of the Vietnamese Stock Market
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Emerging Market Potential
- Vietnam is on the path to achieving emerging market status under MSCI and FTSE classifications, which would attract more foreign investment.
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High Retail Participation
- Retail investors dominate the market, creating opportunities for short-term gains but also contributing to market volatility.
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State-Owned Enterprises (SOEs)
- Many of Vietnam’s largest companies are state-owned enterprises, offering opportunities as these entities undergo privatization.
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Foreign Ownership Limits
- Certain industries, such as banking and telecommunications, have restrictions on foreign ownership, which can impact investment strategies.
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Sectoral Strengths
- Key sectors include real estate, consumer goods, energy, and banking, reflecting Vietnam’s economic growth drivers.
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Regulatory Reforms
- Ongoing reforms by the State Securities Commission aim to enhance market transparency and efficiency, making it more appealing to international investors.
Advice for Investors
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Plan Around Holidays
Prepare for extended closures, especially during Tết, by managing portfolios and adjusting positions in advance.
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Leverage Growth Sectors
Focus on sectors like consumer goods, real estate, and renewable energy, which benefit from Vietnam’s rapid economic expansion.
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Understand Regulations
Familiarize yourself with foreign ownership limits and tax policies to optimize investment strategies.
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Diversify Investments
Spread investments across different industries to reduce risks associated with market volatility.
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Monitor Economic Indicators
Keep an eye on GDP growth, inflation, and FDI trends, as they can significantly influence market performance.
FAQs
1. When does the Vietnamese stock market close in 2025 for holidays?
The VNX observes all national public holidays. Key dates include Tết (January 25-February 2), Hung Kings’ Day (April 7), and National Day (September 2). For holidays falling on weekends, a substitute holiday may be observed on the next working day.
2. What are the trading hours of the Vietnam Stock Exchange?
The market operates from 9:00 AM to 11:30 AM and 1:00 PM to 3:00 PM, Monday to Friday. It is closed on weekends and public holidays.
3. How can foreign investors access the Vietnamese stock market?
Foreign investors can participate by opening a securities trading account with a local brokerage and obtaining a Securities Trading Code. They should be mindful of foreign ownership limits in certain sectors.
4. What are the tax implications for stock trading in Vietnam?
Vietnam imposes a 0.1% tax on gross sales proceeds and a 5% withholding tax on dividends. Consulting a tax advisor is recommended for specific situations.
5. How does Tết affect trading activities?
Tết leads to a nine-day market closure, impacting liquidity and trading volumes before and after the holiday. Investors should plan for this extended break to avoid disruptions.
By understanding the holiday schedule, trading hours, and unique aspects of the Vietnamese stock market, investors can make informed decisions and effectively navigate this growing financial hub in 2025.
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