A 25-Year First: Vietnam Overtakes Thailand in Purchasing Power
Vietnam's GSO confirmed GDP by purchasing power parity reached approximately $1.885 trillion in 2025, surpassing Thailand for the first time in 25 years — and the gap is forecast to widen further in 2026.
UAE Exits OPEC, Brent Hits $111: Hormuz Overrides Everything
A major OPEC member leaving the cartel should push oil prices down — instead Brent closed at $111.71/bbl. The reason is in the Strait of Hormuz, not in Abu Dhabi.
NVL Hits 3-Year High: From the Brink to the Next Generation
On April 28, 2026, NVL closed at VND 20,500, its highest level in three years. Behind the price milestone: three debt restructuring layers, a public apology to shareholders, and a rare leadership handover.
Q1 2026: Proprietary Trading Drove 21 Firms to a Loss
Brokerage fees alone can't offset losses when proprietary trading dominates the balance sheet. Here's how to read a securities firm's financials like an analyst.
VIC Hits All-Time High as Real Estate Sector Drops: A Repricing Signal
On April 28, VIC surged 6.88% to an all-time high of VND 226,700 while the real estate sector index fell 1.53%. The market may be repricing Vingroup under an entirely different framework.
Gold Drops 3.5%, S&P 500 Hits Record: April Chose Risk
In April 2026, global institutional money chose equities over gold — even as Hormuz tensions simmered and geopolitical risks remained elevated. Here's what the data says.
NDRC Blocks Meta's Manus Deal: Relocating the Entity Wasn't Enough
Beijing ordered the $2 billion Meta-Manus acquisition unwound after integration was already underway — setting a precedent that changes how geopolitical risk must be priced in AI M&A globally.
PVD Down 30% While Brent Holds Above $107: The Divergence Mechanics
PVD has lost 30% from its peak while Brent crude holds above $107 — not a paradox, but the expected outcome of a day-rate business model and a 12–18 month CAPEX cycle.
SCIC's Sovereign Fund Roadmap: 50x Smaller Than Temasek
Resolution 79 sets SCIC on a path toward becoming a sovereign wealth fund — but markets are misreading the current phase. For the next 24 months, the dominant story is portfolio classification and divestment, not deploying capital into growth stocks.
Q1/2026 Earnings: VietinBank Up 56%, EVS Posts 197B Loss
The same quarter, four sector groups, four completely different scorecards. VN-Index at 1,853 points tells you nothing — the earnings season tells you everything.
Before April 30 Holiday: Fed, Big Tech and the May 4 Open
Vietnam's market closes for four days, while the FOMC decision and Big Tech Q1 earnings land right in the middle of the break. Two sessions on Apr 28-29 are the only window to adjust positions.
KOSPI 6,599, Nikkei 60,000: Why VN-Index Is Not Part of This Rally
KOSPI surged 20.9% in a single month, Nikkei cleared 60,000 for the first time — all driven by the same HBM supply chain dynamics. Vietnam's benchmark, stuck near 1,853, is structurally absent from this AI cycle.