Record public spending, Deo Ca stock still down 34.7%
Vietnam's 2026 public investment budget is the largest on record and is flowing into transport infrastructure, yet Deo Ca's HHV stock has fallen more than 34% in a year. The accounting mechanics of a BOT toll operator explain why the policy money hasn't reached shareholder profit yet.
Zinc Hits a 4-Year High: HSG, NKG Fear Tariffs More Than Metal Costs
London zinc just hit a four-year high, but the real story is inventory relocating to Shanghai, not a global shortage. For Hoa Sen and Nam Kim, the bigger cost worry is three anti-dumping investigations in the US, EU and Australia.
AI Revenue Is Real: The Risk Is the Circular Financing Web
Anthropic's $100+ billion contract with Amazon is about to have its terms disclosed in an IPO filing. Behind that number is a network where the same handful of companies are shareholders, customers, and creditors of one another.
Thai Nguyen leads FDI, 93% of it traces back to Samsung
Thai Nguyen outpaced every other province in new manufacturing FDI in the first half of 2026, but almost all of that USD 5.77 billion comes down to two investment decisions from a single Korean conglomerate.
Hanoi Apartments Cut VND 1.3bn, Deals Still Stuck on Rates
Resale apartment prices in Hanoi fell only about 3% in Q2, but transactions dropped 13.9%. The gap isn't about sentiment. It's a cost the listing price never shows: financing.
London Locks Its Gold Door: Russia Reroutes to Hong Kong
Nearly 100 tonnes of Russian gold flowed into Hong Kong in the first seven months of 2026, already surpassing all of 2025 combined. Behind that flow is a gold market splitting into two prices, and Vietnamese gold buyers sit squarely on one side of it.
Gold Rides on the Fed's Sept 16 Call, Deposits Don't
The Fed meets September 15-16 with markets pricing a hike as more likely than a hold, for the first time in over three years. Vietnam's three main cash-holding channels, gold, bonds, and deposits, are exposed to that outcome in very different degrees.
VND Rate Reversal Ends the Dong's 16-Week Slide
Vietnam's central reference rate fell for the first time in 16 weeks on September 5. The trigger was not a weaker dollar, but VND overnight rates suddenly overtaking USD rates.
Brent Peaks: Vietnam Pump Prices Wait Until Sept 10
Brent hit $95.63/barrel after a fresh round of strikes around the Strait of Hormuz, but Vietnam's retail fuel price won't fully reflect it until the September 10 pricing cycle, just as a fuel tax break is set to expire on September 30.
Vietnam coffee: more shipped, less earned
In the first 8 months of 2026, Vietnam's coffee export volume rose 13.1% but export value fell 9.1%, as Brazil heads into a record crop and robusta stocks on ICE hit a 9.25-month high.
Dung Quat hits capacity ceiling, price is the last variable
Hoa Phat's Dung Quat steel complex has reached output equal to its designed 12-million-ton annual capacity, not because it timed the price cycle but because a fixed-cost structure forces full utilization. While iron ore prices have barely moved for six quarters, coking coal jumped 21% in six weeks, an overlooked variable now eating into the margin expansion investors have been celebrating.
Norway's Fund Wants Less US Treasuries: The Real Risk Lesson
NBIM, the world's largest sovereign wealth fund, has proposed cutting roughly $80 billion in US Treasury holdings. This is not a warning about US solvency, but a lesson about the line between default risk and price risk that every bond investor should understand.