VND 820 Trillion in Gov. Bonds Is Squeezing Bank NIM
The average cost of funds at Vietnam's 28 listed banks has exceeded the average government bond yield in Q1/2026, turning the safest asset on the balance sheet into a structural drag on net interest margins.
E10 from June 1: Gas Stations Must Sell It, You Don't Have to Buy It
Millions of vehicle owners are worried after headlines declared 'mandatory E10 use from June 1.' Circular 50/2025/TT-BCT actually only binds gas stations; consumers can still choose E5 until end of 2030, and the real risk for BSR, PLX, and OIL isn't engine damage.
Dell surges 39%: AI server revenue $16.1B, backlog $51B
Dell posted $16.1 billion in AI server revenue in a single quarter, up 757% year-over-year. A $51.3 billion backlog is hard data confirming the AI infrastructure spending cycle is still accelerating, not peaking.
Brent at $93: Three Vietnam Stock Groups Need Repricing
The US-Iran 60-day ceasefire memo has pulled Brent back toward pre-conflict levels. Vietnamese investors need to reassess three stock groups priced under the Hormuz-closed scenario.
BIDV, Sacombank, VPBank Absorb Over Half of New Q1/2026 NPL Formation
Vietnam's 27 listed banks recorded VND 53,000 billion in net NPL formation in Q1, but over 50% was concentrated in just three lenders. Provisioning buffers at Sacombank and VPBank are worryingly thin, raising real questions about H2 earnings.
AAN Hits the Ceiling 5 Sessions: A 26x P/E on a 1.4% Margin
Rice stock AAN has hit the daily price ceiling for five straight sessions since its IPO, pushing its 2026 forward P/E to 26x. Set that figure against a 1.4% net profit margin and concentrated ownership, and the picture warrants closer scrutiny.
VHM Hits the Ceiling: VINfast Spinoff Opens a Revaluation Story
On May 28, 2026, VHM surged 6.99% to the HOSE daily limit while the entire real estate sector closed in the red. The trigger was Vingroup's board resolution to spin off VINfast, compounded by four months of accumulated positive catalysts.
FPT Retail Posts 73% Profit Growth: Long Chau Drives 68% of Revenue
FPT Retail's Q1/2026 result is more than a 73% profit jump. It confirms that Long Chau has structurally transformed FPT Retail from a phone retailer into a healthcare-led business.
Gold Falls as Bombs Still Drop: How Markets Price Expectations
SJC gold shed over VND 1.3 million per tael in under two days, even as U.S. forces were striking Iran. This is the most important lesson new investors get wrong about gold pricing.
China's $4,370 Robot: The EV Shock, Repeated
From $85,000 in 2023 to $4,370 in 2026, China's Unitree humanoid robot now costs less than a used car. This is not just a tech story. It is a structural risk signal for Vietnam's labor-cost manufacturing model.
Banks Rise, Yet VN-Index Still Loses 9.75 Points
On May 27, OCB led all stocks with a 5.73% gain and private banks broadly strengthened, yet VN-Index closed lower. The answer lies in how the index is constructed.
Samsung's $1.5B Chip Test Plant: Vietnam Moves Up the Semiconductor Chain
Samsung's $1.5 billion chip-testing plant marks the first time Vietnam enters a genuine semiconductor operation. A real step up the value chain, with the summit still far off.