Banks Pay 8% on Bonds, 5.9% on Deposits: Four Key Differences
MB Bank and Agribank are raising VND 25,000 billion in 7-10 year bonds at 8% per year, nearly 2.1 percentage points above their own savings rates. That gap is not unusual. It is the price banks must pay to fill a VND 2 million billion long-term funding gap across the entire system.
Brent Still at $110, Vietnam Oil Stocks Down 7%
On May 19, Brent crude fell just 1.58%, yet five major Vietnamese oil and gas stocks all hit their daily limit down. The session exposed a widespread misconception about oil-stock exposure.
Vietnam's Third IPO Wave Arrives at the Market Peak: Three Absorption Scenarios
VN-Index just hit an all-time high. The government convened to review divestment at 23 state conglomerates, and LPBS launched a VND 4,256 billion IPO. The question is no longer whether a new IPO wave is coming; it's how the secondary market will absorb it.
ACB: Three Foreign Funds Sell, Au Lac Group Lifts Stake to 6%
Three foreign funds have reduced their ACB holdings for three different reasons, while the domestic Au Lac group accumulated a 6% stake. Four decisions, four separate theses: not a single signal to copy.
Nikkei Up, KOSPI Down: Which Side Is VN-Index On
Nikkei gained 0.9% while KOSPI lost 1.4% on the same morning of May 19. The divergence isn't about sentiment. It's about market structure, and VN-Index sits firmly in Japan's camp.
Musk Lost on Timing: The AI Balance of Power Shifted in April
An Oakland jury dismissed Musk's lawsuit over a missed statute of limitations deadline, not on the merits. The real turning point in the AI landscape happened three weeks earlier.
VHC's VND 930B Buyback: Historical Low P/E and a Dual Insider Signal
Vinh Hoan completed a VND 930 billion share buyback while the chairman's daughter had already put VND 436 billion of her own money into VHC in January. Two actions, two different signal strengths. P/E at its lowest in eight quarters.
BTMH's HOSE IPO: 35x Profit and the Variable That Changes Everything
For the first time in 17 years, HOSE is set to welcome a second gold company. Bao Tin Manh Hai's near-35x profit surge in 2025 is a compelling headline, but the real valuation question runs three layers deep.
VN-Index at Record 1,927: Oil Stocks Lead, 180 Fall
VN-Index closed at a record 1,927.94 on May 18 while 180 stocks declined versus 140 that rose. The entire rally was driven by oil and gas stocks on Brent crude at $111, not from broad market strength.
VCB: Doubtful Loans Up 7x, Overall NPL Stays at 0.62%
Vietcombank's Q1/2026 earnings contain an alarming number: Group 4 loans jumped more than 7-fold. But the full picture tells a different story.
HPG Takes Over Quy Xa Mine: Toward Iron Ore Self-Sufficiency After 13 Years
After 13 years of a Vietnam-China joint venture that extracted just one-sixth of the reserves and accumulated roughly VND 6,500 billion in debt, Hoa Phat and Dai Quang Minh have completed the capital structure to take over the 120-million-tonne Quy Xa iron ore mine in Lao Cai.
HBM4 Sold Out for 2026, Samsung Hit by 18-Day Strike
Samsung's entire HBM4 production capacity for 2026 is already contracted to Nvidia and major data centers. That same week, 45,000 workers announced an 18-day strike: the paradox of AI chip success.