FTSE's Aug 21 List Beats Every Forecast Before It
On August 21, FTSE Russell publishes its official list of Vietnamese stocks joining the secondary emerging market basket. The 23, 28, or 30-plus figures circulating beforehand are all broker forecasts, not the official list.
PNJ's first loss in 18 years: value funds are buying anyway
PNJ posted a VND 283 billion net loss in Q2 2026, its first loss since listing. The loss traces back to a one-off accounting provision, and two value-oriented foreign fund groups just crossed the 5% ownership threshold while the stock still sits far below its old high.
Bad Debt Tops VND 310 Trillion, Bank Buffers Thin Out
Bad debt at 27 listed Vietnamese banks topped VND 310 trillion by mid-2026, but newly formed bad debt in the period was over VND 105 trillion, more than double the increase shown on the books. The industry's average coverage ratio fell from 83% to 79%, even as most banks sharply raised loan-loss provisions.
VHM Bonus Shares: Price Halved, Index Unmoved
Analysts called Vinhomes' 4.1 billion bonus shares a catalyst for the VN-Index. But the Aug 6 price adjustment shows the 'extra' shares were already priced out that same session.
US Treasury buybacks lift gold 4.22% in a single session
A technical announcement about a bond buyback schedule, with no mention of gold, just triggered precious metals' strongest session in years. The buyback itself is only $2 billion per round, but markets are pricing in a much bigger commitment.
US Debt Tops $40 Trillion as 30-Year Yield Falls
US public debt officially crossed $40.05 trillion, yet Treasury yields fell the same session. A short Treasury announcement was enough to move a $40 trillion bond market.
SPM: VND12bn profit shrinks to VND1.8bn after review
SPM's semi-annual review cut reported net profit from over VND12 billion to just VND1.8 billion, after the company booked extra provisions against a VND733 billion receivable owed by a single customer, a firm run by SPM's own former deputy CEO.
VIC Holds Flat: 59 of 73 Real-Estate Stocks Still Fall
Vietnam's real-estate sector index slipped just 0.34% on Aug 19, but 59 of 73 tickers closed lower. The gap traces back to the weight of a single stock: VIC.
HAGL bets VND 14,220bn on coffee, first harvest 3 years out
HAGL is tapping three funding sources at once for its 20,000-hectare coffee ambition, while H1 profit rose 161% mostly from a one-off interest waiver, not real cash.
VPBankS profit up 4x, stock still below listing price
31 newly listed stocks over the past year, yet the group with the best earnings is also the group losing the most value. The real risk: listing prices already priced in the growth.
Oil Rallies, Vietnam Energy Stocks Diverge 14x
On August 18, all seven major oil and gas stocks on Vietnam's exchange closed higher, but PLX jumped 6.90% while PVT barely moved 0.49%. The 14x gap shows the market pricing distinct profit mechanisms, not buying the sector as a block.
US Yields Hit 19-Year High, Tech Stocks Pay the Price
The US 30-year Treasury yield broke above 5.33%, the priciest long-term capital since June 2007, dragging semiconductor stocks down 5.4% while the Dow slipped just 0.2% the same session. Here's the duration math Vietnamese investors should understand before foreign capital flows shift further.