SMBC eyes 20% of VPBank: why the buying route matters
According to Reuters, SMBC is negotiating to lift its VPBank stake to about 20%, but the two sides have yet to agree on price. Buying on the market and taking a private placement would leave minority shareholders with very different outcomes.
Five limit-down sessions for KOS: the pledged-share risk
Kosy's half-year profit more than doubled, yet KOS has closed limit-down five sessions running after at least four brokerages announced forced sales of shares held by its executives and related parties.
Oracle invokes force majeure, but Jupiter's debt stays put
Oracle's force majeure notice on Project Jupiter only lets it defer the higher rent. The project's debt costs remain Oracle's to carry while the data center waits on a gas pipeline and an air permit.
Foreigners bought VND 2,640bn, sold 2,620bn around upgrade
Across nine HOSE sessions around the FTSE upgrade, foreign investors roughly broke even. The selling after September 21 looks like 2026's familiar outflow pace, not a verdict on the upgrade.
Price fund stops paying, E5 petrol up VND 1,258 a litre
World petrol prices barely moved over the pricing period, yet every litre of E5RON92 in Vietnam now costs VND 1,258 more. The increase almost exactly matches the VND 1,250 subsidy the price stabilisation fund paid last round and has now stopped.
Rings or SJC bars, peak buyers lost about VND 50 million
Anyone who bought a tael of gold at the January 29 peak and sold it back on September 24 lost roughly VND 49.5 to 49.9 million, whether they held SJC bars or plain rings. The number that decided the loss lies elsewhere.
Lao Bao is still paperwork, yet VTP jumped 5.28%
Quang Tri has only allowed Viettel Post to study and draft a proposal for a logistics hub at Lao Bao, with no capex figure or start date. VTP still added about VND 400 billion in market value in one morning.
Elmet's 4.99% MSR stake: the real prize is the supply deal
US tungsten maker Elmet will pay USD 124.75 million for 4.99% of MSR, valuing the company at USD 2.5 billion. The weightier piece is a supply deal for Nui Phao tungsten running more than eight years, while the cash from the stake sale goes to Masan.
US yields hit 5.11%: three paths for gold and the dong
The US 10-year Treasury yield is at its highest since 2007, but the backdrop looks nothing like 2007. Oil and the 10-year yield together will show where gold, the dong and foreign capital go next.
Hoa Phat proposes halting its VND 86 trillion steel project
Hoa Phat has proposed not continuing its VND 86,000 billion integrated steel complex in Dak Lak, while keeping the Bai Goc port and Hoa Tam industrial park. The numbers point to a return-on-capital call rather than a cash squeeze.
Seaprodex stake draws no bids as Dong Khoi land lacks title
SCIC's 63.38% stake in Seaprodex, priced from over VND 8,500 billion, drew zero registrations by the deposit deadline. Unpacking the asset base shows most of the value sits in a plot at 2-4-6 Dong Khoi that was paid for in 2017 but still has no land-use certificate.
After the upgrade, VN-Index circles back to 1,800
Three sessions after the FTSE Russell upgrade took effect, VN-Index has barely moved. Underneath: volume 22-38% below the pre-upgrade session, one stock driving the points, and foreign investors still leaning toward selling.