Borrowing gold from the public: Three risks from the 2008-2012 playbook
VGTA has proposed letting firms borrow gold from households and import 50 tonnes a year. Before expecting the SJC premium to collapse to zero, retail investors need to answer three structural questions first.
Vietnam's second-home tax proposal: three paths for realty stocks
VND 4,541 trillion in real estate credit and a proposed progressive tax on second homes landed on the National Assembly floor on 21 April. The market has already begun pricing in policy risk across three distinct scenarios.
HPG Q1/2026 VND 9,056 bn profit: +52% steel, +170% headline
Hoa Phat's AGM reports Q1/2026 profit up 170% YoY, but VND 3,800 bn came from a one-off Pho Noi divestment. Unpacking profit quality for 300,000 shareholders.
Imports surge 4x faster than exports: A production-cycle signal
The first half of April 2026 saw imports rise 23.6% while exports grew only 5.9%, pushing the trade deficit to USD 4.25 billion. This is a new production-cycle signal, not a red alert — but it reshapes the market's reading frame for the next 4–6 weeks.
Tim Cook hands off Apple after 15 years: +1,933%
On April 20, 2026, Apple announced that Tim Cook will hand the CEO role to John Ternus. Under Cook, AAPL rose 1,933%, nearly 4x the S&P 500. The real lesson isn't about entry points.
VN30 hits 2,009: three allocation questions for the week ahead
VN30 closed at 2,009 on 20 April, its first close above 2,000 in seven weeks. But liquidity dropped 9% and foreign investors kept selling, forcing retail investors to revisit allocation questions for the 21-25 April week.
Household Business Tax Exemption to VND 1B: Three Things to Prepare
The Ministry of Finance proposes lifting the household business tax exemption threshold from VND 500 million to up to VND 1 billion, which could move roughly 90% of Vietnam's 5 million household businesses into the tax-free bracket. Three things to review: who qualifies, e-invoicing obligations, and where to place the freed capital.
Vinhomes Targets VND 60tn Profit: Backlog Holds, Cash Unclear
One day before its 21 April AGM, Vinhomes lifted its 2026 net-profit target to VND 60tn — the highest ever set by a Vietnamese listed company. A VND 186.4tn backlog underwrites the number, but real cash flow and handover pace are the variables that will decide whether the accounting profit reaches shareholders.
VIC hits record, VHM ceiling: 3 scenarios for Apr 21-25
Session Apr 20 saw domestic flows push VIC to an all-time high of 191,000 VND and VHM locked at ceiling +6.93%. The week of Apr 21-25 — with Vingroup AGM on Apr 22 — is the real test for domestic liquidity.
HPG: VND 2,600B downstream move ahead of Apr 21 AGM
Three days before its annual shareholders meeting, Hoa Phat inaugurated a VND 2,600 billion steel pipe plant in Tay Ninh — lifting pipe capacity to 1.2 million tons per year and completing its value chain ahead of Dung Quat 2.
4.06% Bond Yield: Three Mechanisms Repricing Retail
The 4.06% average yield from Vietnam's Q1 2026 government bond auctions is the hidden discount rate behind deposits, bond funds, and equity valuations. When primary yields rise 0.8 percentage points in a year, all three retail investment channels reprice in sync.
Gold -13% from $5,600 peak: WGC's four 2026 scenarios
After nearly doubling in 2025, global gold has pulled back 13% from its January peak. The World Gold Council lays out four scenarios for the rest of the year, with two upside paths holding the highest probability.