HNX stocks move to HoSE by Dec 31: daily limit drops to 7%
Investor Guide

HNX stocks move to HoSE by Dec 31: daily limit drops to 7%

In roughly three months, every stock listed on the Hanoi exchange must move to HoSE. The trading rules for your shares will change. A higher share price just from switching exchanges is far from guaranteed.

Mai Linh·
Waiting for a bargain can cost VND 27M per billion
Investor Guide

Waiting for a bargain can cost VND 27M per billion

SGI Capital's CEO keeps most of his undeployed cash in 1–3 month deposits. We line up three ways to park VND 1 billion to see what that flexibility costs, and who each approach suits.

Mai Linh·
Port volumes grow modestly, profits forecast up 65-86%
Corporate Analysis

Port volumes grow modestly, profits forecast up 65-86%

Viconship's cargo volume is forecast to rise only about 6% in Q3, yet its profit is expected to jump more than 80%. At GMD, PHP and VSC, the gap comes from fixed costs, tariffs and joint-venture income.

Minh Quan·
PVS's USD 3bn+ Qatar award: what shareholders actually get
Corporate Analysis

PVS's USD 3bn+ Qatar award: what shareholders actually get

The Maydan Mahzam EPIC-1 package is nearly five times PVS's market value. After the consortium split, multi-year revenue recognition and thin margins, estimated profit for shareholders is about USD 45 million over four years.

Minh Quan·
Egroup case: Paying in full did not make them shareholders
Risk Watch

Egroup case: Paying in full did not make them shareholders

Vietnam's supplementary investigation into Egroup found 60 people who bought 3.2 million real shares but were never entered in the shareholder register. That detail matters to anyone buying unlisted shares.

Duc Tri·
HSC plans a VND 4.6 trillion share sale to fund margin loans
Corporate Analysis

HSC plans a VND 4.6 trillion share sale to fund margin loans

HSC's margin loan book stood at about 198% of equity at the end of Q2, just below the 200% cap. A private placement of 200 million shares at VND 23,000 is meant to lift that ceiling, and the cost to existing shareholders is smaller than the headline discount suggests.

Minh Quan·
Philippines buys record rice, Vietnam still sells below Thai
Macro Insights

Philippines buys record rice, Vietnam still sells below Thai

The Philippines is projected to import around 5 million tonnes of rice this year, yet Vietnam's 5% broken white rice is still quoted about USD 46 per tonne below Thai rice. The reason lies in the timing of its biggest customer's purchases.

Thanh Ha·
Overnight at 1%, one month at 6.15%: money isn't cheap yet
Macro Insights

Overnight at 1%, one month at 6.15%: money isn't cheap yet

Vietnam's overnight interbank rate fell to 1% on September 24, yet one-month money still cost 6.15%. The gap of more than 5 points shows only overnight cash is in surplus; term funding remains expensive.

Thanh Ha·
Iran offers to reopen Hormuz in 7 days, Brent holds near $105
Macro Insights

Iran offers to reopen Hormuz in 7 days, Brent holds near $105

June's promise to reopen the Strait of Hormuz did not last a month. Iran's new 7-day plan compresses the timeline and flips the sequence, but still leaves open the question that sank the last deal.

Thanh Ha·
PNJ's VND 6.3 trillion planned loss rests on one assumption
Corporate Analysis

PNJ's VND 6.3 trillion planned loss rests on one assumption

PNJ's extraordinary AGM documents, released on September 25, assume 80% of the jewelry it has sold will come back to its counters. That assumption alone carries a VND 7,071 billion provision, enough to flip the 2026 plan from profit to loss.

Minh Quan·
SMBC eyes 20% of VPBank: why the buying route matters
Corporate Analysis

SMBC eyes 20% of VPBank: why the buying route matters

According to Reuters, SMBC is negotiating to lift its VPBank stake to about 20%, but the two sides have yet to agree on price. Buying on the market and taking a private placement would leave minority shareholders with very different outcomes.

Minh Quan·
Five limit-down sessions for KOS: the pledged-share risk
Risk Watch

Five limit-down sessions for KOS: the pledged-share risk

Kosy's half-year profit more than doubled, yet KOS has closed limit-down five sessions running after at least four brokerages announced forced sales of shares held by its executives and related parties.

Duc Tri·