Fed and Big Tech Test Equity Valuations
The Fed decision and results from four major technology companies arrive almost back-to-back. The useful task is not to guess the first price move, but to separate the cost of capital from the quality of cash generation.
Vietnam’s First Aluminium Ingots: A Technical Step Forward
Vietnam has produced aluminium ingots through alumina electrolysis for the first time. The milestone matters, but commercial viability still needs operating evidence.
Cocoa Falls, but Chocolate Will Not Get Cheaper Yet
Cocoa has moved well below its old peak, but chocolate shelf prices run on a different clock. Forward purchases, inventory and pricing choices determine when lower input costs reach shoppers.
SJC Fell as World Gold Rose: The Local Premium Narrowed
During July 20–25, SJC's selling price fell while world gold rose. The missing pieces are Vietnam's local premium and the buy-sell spread, not the international quote alone.
Decree 292 Does Not Automatically Cut US Tariffs
Decree 292 gives Vietnam another legal basis for engagement with the United States, but it has not changed the tariff paid at the border. The 12.5% rate remains the base case until US authorities issue a new measure.
VN-Index still lacks evidence of a stable base
A near-31-point rebound showed that buyers were present at lower prices. Breadth, turnover and capital flows, however, have yet to show that they have regained control.
Ending case-by-case land prices keeps location pricing
The Land Law amendment draft would remove a separate valuation layer, not impose one fixed price on every plot. The details that matter are the land-price table, adjustment coefficient and the data behind them.
VietCredit Profit Holds, Provisions Still Test It
VietCredit's Q2 credit-provision expense exceeded pre-tax profit, yet net interest income kept earnings positive. The key issue is whether rapid loan growth is creating durable earnings or carrying more risk with it.
Fund Outflows Are Slowing, Not Yet Reversing
Second-quarter redemptions were far lower than in Q1, but money is still leaving funds. The useful read is by fund type, performance and liquidity needs.
Vinamilk: domestic scale, export speed
Vinamilk's Q2 profit grew faster than revenue. The split by business line shows that domestic demand still supplies scale, while exports and operating efficiency are adding speed.
Intel lost $11 billion, but operations turned around
Intel's headline net loss was driven primarily by a revaluation of shares held in escrow. Its second-quarter report shows tangible operational progress, though cash deployment and the foundry business remain demanding tests.
VND 235 trillion in bonds mature: A test of cash
A bond maturity is not automatically a default. The dividing line is whether the issuer has secured funding, collected cash and met obligations on time before.