About
About Zorion Research
A team of finance students at VinUniversity in Hanoi, publishing independent equity research on companies listed in Vietnam.
Who we are
Zorion Research is a team of finance students at VinUniversity in Hanoi, founded in 2025. We publish independent equity research on companies listed in Vietnam, together with the full financial models behind each report.
What we cover
Vietnamese listed equities on HOSE and HNX.
From 28 December 2026, all HNX-listed stocks move to HOSE, which becomes the single venue for listed shares. Our coverage follows the companies, wherever they trade.
How we work
We build each model from audited financial statements, value companies as a range rather than a single number, and have every report reviewed by the Lead Analyst before publication.
Team
The people behind the research.
Dang Uy Du
Founder & Lead Analyst
BBA, VinUniversity, Class of 2030
Founded Zorion Research in 2025. Leads the team's coverage of companies listed in Vietnam, builds the financial models behind each report, and reviews every report and model before publication.
Vu Hoang Viet Anh
Analyst
BFB, VinUniversity, Class of 2030
Researches how the companies we cover make money and the markets they compete in, from revenue and cost drivers to market growth and competition. Writes the Business Overview and Industry Analysis sections of each report.
Nguyen Duong Anh
Analyst
BFB, VinUniversity, Class of 2030
Builds the valuation behind each report: the discounted cash flow analysis and the comparable company multiples. Traces every input to its source and date, so each number can be checked.
Pham Viet Dung
Analyst
BFB, VinUniversity, Class of 2030
Tracks the inputs behind each forecast: management targets against results, dividends and share count, capital spending plans, and the notes to the financial statements. Writes the Risks and Catalysts section of each report.