Hoa Phat's Q2 Profit Jumps 51%: A Tariff Wall, Not Steel Prices
Global hot-rolled coil prices fell while Hoa Phat's net profit rose 51% in Q2 2026. Three consecutive anti-dumping tariff moves, sealed on August 12, explain the gap.
US doubles bond buybacks, yields fall for just one day
The US Treasury doubled the size of its long-term bond buyback program to support liquidity, but 30-year yields fell for only one session before climbing back above pre-intervention levels. Here's what's actually driving the move.
Primary Prices Up 12%, Resale Prices Fall for First Time Since 2022
Hanoi apartment supply hit a 6-year high in Q2 2026, but developers sold only 68% of new launches. Primary prices rose because the product mix shifted upmarket, while resale prices turned negative.
Hoa Sen drops buyback plan, bets on social housing
Hoa Sen shareholders scrapped a planned treasury-share buyback to fund a 20,000-unit social housing pledge and a new retail chain, Hoa Sen Home, even as short-term debt nearly doubled in half a fiscal year.
GDP at $514B: FDI Firms Now Make 3/4 of Exports
Vietnam's economy is more than 70 times larger than in 1990, but nearly three-quarters of export turnover now sits with foreign-invested firms. The bigger picture shows listed-company profit flowing through a different channel entirely.
Vietnam's Sept 2 Rally: The Half Nobody Mentions
Eight years of VN-Index data show the pre-holiday rally everyone talks about is actually the less reliable half of the pattern. This year, the average seasonal gain would land the index right at the resistance zone brokerages are already flagging.
Vinhomes puts up 85% of capital, takes 85% of profit
Vinhomes' board resolution on July 2 ties its 85% profit share to a matching maximum capital commitment, plus the largest construction contract and land ownership at both ends of the line.
SDV's 25% Dividend Is Really a 7.58% Yield
SDV announced a 25% dividend rate, but that figure is calculated on the VND 10,000 par value, not on what you actually pay for the stock. Converted correctly, the real yield is just 7.58% a year, and even that isn't pure extra profit.
G36 borrows VND 252bn from chairman's brother, 1-month term
G36 just approved a VND 252 billion unsecured loan from the chairman's brother, due in exactly one month. The loan alone exceeds all existing debt owed to the same lender, while 2025 interest expense already ran 2.6x net profit.
Vietnam's REIT is stuck: a fund can't hold the land title
Vietnam's REIT framework has been in force since 2021, yet the closest thing to a REIT on HOSE is still capped at VND 36.8 billion. Three legal and tax bottlenecks explain why Vietnam remains locked out of Asia's $235.8 billion REIT market.
Real Estate Bonds Pay 12.5%: Banks Charge Same Sector 12-14%
A 12.5% annual bond coupon looks like a bargain next to a savings account. But banks are charging that same real estate sector 12-14% a year, and they hold collateral plus payment priority that bondholders don't have.
Hormuz Hits Diesel, Not Crude Oil
While headlines fixate on Brent crude, the diesel crack spread just set an all-time record and pushed Vietnam's retail diesel price up 30.6% in eight weeks.