Overnight Rates Crash, Mortgage Rates Stay at 12-14%
Vietnamese banks lend each other overnight cash at just 1.68% a year, yet mortgage rates hold at 12-14%, the highest since Q1 2023. Three layers of mechanics explain why cheap money never reaches homebuyers.
GVR's VND 6.03tn Profit: Nearly 40% From Land, Not Rubber
World rubber prices just hit their highest level since 2013, and GVR reported a huge pre-tax profit for H1 2026. But a close read of the financial statement shows almost 40% of that number never touched a rubber tree.
Stocks down 3.12%: asset allocation is not a lucky charm
In the week of September 7-11, Vietnamese stocks, SJC gold and the USD/VND rate all fell together. The lesson isn't dodging the drop, but which split cushions it best.
VinFast Swaps CEOs, Keeps the Same Governance Risk
VinFast and GSM both named new global CEOs on September 12. But Pham Nhat Vuong's VND 40,500 billion personal funding commitment, and the setup where one executive both runs and oversees himself, stayed exactly where they were.
VIC Leads Upgrade Inflows, Net Flow Could Still Be Negative
VIC is set to receive the largest inflow among the 27 Vietnamese stocks entering the FTSE index, but the same week three foreign ETFs rebalancing their portfolios are selling the stock because its weight has breached the index cap. BSC estimates VIC's net flow this period could still be negative by roughly VND 960 billion.
VN-Index Breaks 1,800: The Real Risk Is Homegrown
VN-Index fell 3.12% for the week, deeper than both Dow Jones and Nasdaq. Three pieces of evidence point to targeted bank selling and domestic margin calls, not global risk-off sentiment.
VCI: VND 680bn bought, VND 11.6bn registered to sell
Vietcap's largest shareholder spent VND 680 billion buying up VCI shares, while a fund management firm chaired by Vietcap's own chairwoman registered to sell VND 11.6 billion worth. The two orders differ by nearly 60x, and mixing up their weight is the fastest way to misread the story.
Overnight rate falls to 1.5%, savings rates climb to 8%
On September 11, Vietnamese banks borrowed from each other overnight at just 1.5% a year, while still paying depositors up to 8%. The two prices aren't contradictory, they describe a yield curve that is getting steep, fast.
ACB Drops in Profit Ranking, Bad Debt Hits 3-Year Low
PROFIT500 2026 shows ACB as the only bank whose profit fell and rank dropped, but the cause is a self-imposed doubling of loan-loss provisions to clean up its balance sheet, not weaker underlying business.
Coking coal up 26%, rebar prices inch up just 1%
In exactly one month, world coking coal prices rose 25.9%, but two major steel mills only dared to raise selling prices by around 1%. That gap is now sitting in Q3 margins, while galvanized-sheet makers still have no room to raise prices at all.
Property Bonds at 13%: The Price Tag of Risk
Property bonds averaged a 12.2% coupon in August, 3.5 points above bank bonds. That gap is the credit-risk premium the market is demanding, not a reward for buyers, and most of it never reaches ordinary retail investors anyway.
US Yields Hit 4.93%, Vietnam Barely Moves
Brent crude's surge past $105 a barrel has pushed government bond yields across developed markets to multi-year highs, but Vietnamese yields have barely budged. The reason isn't economic strength: it's that almost nobody but domestic institutions holds this debt.