Real Estate Bonds at 9-12.5%: The Price of Credit Risk
Vietnamese real estate corporate bonds now yield 9-12.5% a year, far above bank savings. Kinh Bac's refinancing of a nearly VND 997 billion note with a new 12%-coupon bond shows exactly what that spread is paying for.
VESAF Down 8.3%, Cash Buffer Shrinks to 6.55% of NAV
In July 2026, VinaCapital's largest equity fund lost 8.3% yet still poured nearly half its cash into stocks. A closer look at the reasoning behind the move, and what two and a half weeks of results still can't tell us.
Upgrade Is Certain, Foreign Inflows Are Not
Vietnam formally joins FTSE Russell's secondary emerging-market index on September 21, yet foreign investors keep selling on HOSE. This year's global capital map explains why.
PLX treasury-share sale changes the EPS denominator
Petrolimex has registered to sell nearly 23.3 million treasury shares. It is not a new share issue, but it can alter ownership stakes, EPS and the tradable float.
CII Opens Bond Rights, but the Cash Is Not There Yet
CII's new convertible-bond filing gives existing shareholders subscription rights, not cash already raised. The useful way to read it is to separate the project company, CII and bondholders.
LHX Falls 4.6% After CEO Change: What Matters Next
L3Harris replaced its chief executive immediately after an internal investigation. The shares sold off, but the available evidence does not yet point to operational deterioration.
Hormuz Is Quiet, but Oil Still Needs Proof
Public vessel traffic through Hormuz has weakened sharply, but that does not establish a physical oil shortage. Three physical signals will decide the risk premium in crude.
Three FTSE Russell dates before fund rebalancing
August 21 tells investors what FTSE Russell is publishing, not that fund flows are certain. August 21, September 4 and September 21 answer three different questions.
VIC Cost 3.97 Points, Yet VN-Index Barely Fell
VIC was the VN-Index's biggest drag on 17 August, yet the benchmark lost only 1.62 points. The gap comes from offsetting moves among large-cap stocks.
MWG: One million shares signal conviction, not certainty
MWG's chairman has completed his registered share purchase. It is a real-money signal, but the investment case still depends on earnings delivery and valuation assumptions.
Japan’s GDP rises while domestic demand slips
Japan’s economy grew 0.3% in the second quarter, yet domestic demand contracted. The headline gain relied more heavily on the external sector than it first appears.
AI stocks do not share one risk
AI infrastructure, chipmakers and software companies may benefit from the same technology wave, but they are not valued on the same financial logic. The key question is where revenue, profit and cash generation begin to diverge.