Credit Outpaces Deposits, CPI at 5.46%: Three Interest Rate Scenarios
Credit growth hit 4.42% while VND deposit growth lagged by nearly 2 percentage points, and April CPI breached the full-year 4.5% target. The SBV faces mounting dual pressure as three distinct interest rate scenarios come into focus.
US Court Strikes Down 10% Tariff Again: Why Wall Street Didn't Flinch
The Court of International Trade ruled Trump's global 10% tariff illegal for the second time in three months. Wall Street's calm was the right technical read, but the medium-term picture is more complex.
Brent Down 6%, Gold Up 2.87%: Reading the Right Signal
On the night of May 6, Iran peace talks pushed Brent down 6% while gold climbed 2.87%. These two assets respond to fundamentally different risk channels; most investors are watching the wrong one.
Hormuz De-escalation: S&P 500 Hits Record, Brent Falls 2.6%
One Trump announcement on the night of May 5 activated two independent mechanisms: U.S. equities hit an all-time high while Brent crude dropped 2.6%. Vietnam's oil stocks now face both forces heading into the May 6 session.
Brent Surges to USD 114: Three Vietnamese Stock Groups, Three Different Reads
Iran struck Fujairah's oil port on the night of May 4, sending Brent up nearly 6% to USD 114.44. Three groups of Vietnamese stocks face the impact through entirely different channels ahead of the May 5 morning open.
Vietnam Ba2 Positive: A Probability Signal for Bond Yields
Moody's upgraded Vietnam's rating outlook to Positive on May 4, 2026. This is not a formal upgrade, but bond markets start repricing before Moody's acts. Here is the three-layer mechanism every bond investor needs to understand.
US Interest Costs Top Defense: Why Global Rates Stay High
For the first time since 1934, the US paid more to service its national debt than to fund its military. Three debt jumps over 16 years explain how we got here, and why global interest rates are unlikely to return to the lows of 2010–2020.
VN-Index in May: Hormuz and US Jobs Data Set the Stage
VN-Index closed April up 10.73%, its strongest monthly gain since 2020. May opens with two unresolved macro variables: the Hormuz escort operation and the US non-farm payrolls report on May 6.
FDI Disbursement Hits 5-Year High, Industrial Park Stocks Diverge
Vietnam's FDI disbursement for the first four months of 2026 reached USD 7.4 billion, the highest in five years, led by Singapore's USD 6.05 billion. Yet industrial park stocks diverged sharply in April, splitting into three distinct tiers.
Brent, Wall Street, Fed: Three Forces, Three Directions
Five holiday days reshaped three key global variables, but all three point in different directions for VN-Index on Monday, May 4.
Gold's USD 193 Billion Record: Who's Actually Buying and the SJC Risk
WGC reported a record USD 193 billion in gold demand for Q1 2026, yet physical volume rose only 2%. Three buyer groups behave in entirely different ways, and Vietnamese SJC holders carry an extra risk layer the global market simply doesn't have.
VN-Index Near 1,877: May Hinges on Hormuz and CPI
VN-Index closed April at 1,854 points, up nearly 11%, but liquidity fell 25% and foreign investors sold throughout the month. May offers three distinct price paths, and the deciding variable is the Strait of Hormuz.
S&P 500 April +9.6%: Apple Sets Records, U.S. GDP Misses
On the night of April 30, 2026, Apple reported its strongest March quarter ever while the BEA revealed that U.S. GDP fell short of forecasts and core PCE inflation hit its highest level since 2023. Two data streams, one night, two different stories about the economy.
Brent at 126 USD: Vietnam's Fuel, CPI, and the SBV's Policy Margin
Brent crude surged to 126 USD on April 30, the highest since early 2022. Vietnam's fuel-to-CPI transmission chain is at its most sensitive point: the price stabilization fund is nearly depleted and March CPI already hit a five-year high of 4.65%.
FTSE Locks September 21: Q2 Reforms Will Decide Active Fund Flows
FTSE Russell has confirmed Vietnam's upgrade to Emerging Market status from September 21, 2026. How fast the Q2 reform agenda moves will determine how much active capital arrives before that date.