Circular 08 Takes Effect: Big 4 Unlock LDR Room, Stocks Still Fall
Vietnam's Circular 08 took effect May 15, widening the LDR denominator for the Big 4 state banks. Yet BID, CTG, and VCB all closed lower on the same day. Why did the market not celebrate?
VND 381,000bn Infrastructure Push Splits HCMC Property Stocks
On the same morning of May 15, VHM fell 1.53% while CEO gained 3.47%. The divergence is no coincidence: HCMC's VND 381,000 billion infrastructure pipeline is separating companies with land in the right corridor from those riding the news.
Same Peak, Different Engine: KOSPI 8,000 and VN-Index 1,925
VN-Index and KOSPI both hit all-time highs in the same week, but through completely different mechanisms. Understanding the difference matters far more than counting how many markets are in the green.
Cerebras IPO +68%: The AI Chip Market's Three-Act Transformation
On the night of May 14, Cerebras Systems debuted on Nasdaq with a 68.3% first-day gain, valuing the company at roughly $95 billion. The bigger picture: the AI chip market has completed a three-phase journey from near-Nvidia monopoly to genuine multi-competitor structure.
Honda's First Loss Since 1957: Betting on the Wrong EV Timeline
Honda just reported a USD 2.7 billion net loss for fiscal year 2026, its first annual loss in 69 years. The cause was not a market downturn but a capital commitment built on adoption forecasts that reality never matched.
VinFast Sells Factories for $530M, Keeps Brand and IP
VinFast is divesting its entire manufacturing arm VFTP for $530 million, removing roughly VND 182,000 billion in debt from its balance sheet and pivoting to an asset-light model. Three unanswered variables will determine whether this gamble pays off.
VN-Index Hits 1,925 ATH: Oil Leads, Banks and Real Estate Fall
On May 14, VN-Index set a new all-time high of 1,925.46 points, but the picture beneath the headline was sharply divided: oil stocks surged on Hormuz-driven Brent, while banking and real estate both declined on structural pressures.
EVN Loss Plan: Chemicals, Cement and Steel All Exposed
On 14 May, Vietnam's Ministry of Industry and Trade released a draft decree proposing to recover EVN's VND 44,792 billion cumulative loss through future electricity tariff adjustments. Sector impact varies sharply by electricity cost intensity and current gross margins.
Trump Meets Xi: Vietnam's Exports Split in Two Directions
The S&P 500 hit a record 7,444 points on the evening of May 13, just as Trump landed in Beijing. But not every Vietnamese export stock will benefit through the same mechanism.
Warsh Confirmed as Fed Chair on the Day PPI Hit a 4-Year High
On May 13, the U.S. Senate confirmed Kevin Warsh as the next Federal Reserve Chair with a 54-45 vote, while the April PPI came in at +1.4% month-over-month, the hottest reading since March 2022. Two independent events, one shared question: where is U.S. interest rate policy headed, and three transmission channels to Vietnam's market were already visible that same session.
Natural Rubber Hits 9-Year High, Yet GVR Margins Are Shrinking
Natural rubber reached 223.30 US cents/kg on May 12, a nine-year high. Yet Q1/2026 results for GVR, DPR, and PHR reveal a counterintuitive story: prices surged, gross margins contracted.
UK 30-Year Gilt Hits 5.81%: A Duration Lesson for Every Bond Investor
The May 12 UK gilt sell-off showed why 30-year bonds lose eight times more than 2-year bonds when rates rise, and which single number to check before buying any bond fund.