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Featured news

Derivatives 2026/07/03: Improved liquidity

Derivatives 2026/07/03: Improved liquidity

The uptrend remains confirmed in the short term, supported by improved liquidity. Accordingly, traders may consider reopening long positions.

July 3, 2026

Market commentary 2026/07/02: Positive momentum continued

Market commentary 2026/07/02: Positive momentum continued

The market posted its second consecutive gain, suggesting that buying demand is gradually improving after a period of cautious trading. This performance also indicates improving investor sentiment and reinforces expectations that the market may continue its recovery in the sessions ahead.

July 2, 2026

Derivatives 2026/07/02: A positive signal emerges

Derivatives 2026/07/02: A positive signal emerges

The uptrend remains confirmed in the short term, supported by improved liquidity. Accordingly, traders may consider reopening long positions.

July 2, 2026

Market commentary 2026/07/01: Demand emerged

Market commentary 2026/07/01: Demand emerged

The market ended higher with a modest improvement in liquidity, although trading activity remained at relatively low levels. Meanwhile, selling pressure persisted throughout the session, suggesting that investors remain cautious and that the current recovery still requires further confirmation

July 1, 2026

Derivatives 2026/07/01: Caution prevails

Derivatives 2026/07/01: Caution prevails

The uptrend remains confirmed in the short term, but the risk of a reversal may be increasing. As such, traders should monitor for further confirming signals before reopening new positions.

July 1, 2026

Market commentary 2026/06/30: Selling pressure persists

Market commentary 2026/06/30: Selling pressure persists

The market ended lower while liquidity remained subdued. The lack of a meaningful improvement in capital flows suggests that buying demand is still on the sidelines. As a result, the market is likely to remain in a period of consolidation and choppy trading in the near term before a clearer directional signal emerges.

June 30, 2026

Derivatives 2026/06/30: Liquidity at low levels

Derivatives 2026/06/30: Liquidity at low levels

The uptrend has been confirmed in the short term. As such, traders may consider maintaining their long positions.

June 30, 2026

Covered warrant 2026/06/30: Cash flow improved

Covered warrant 2026/06/30: Cash flow improved

During the week, the covered warrant market continued to show signs of improvement as the number of advancing warrants increased, while the number of declining warrants narrowed compared with the previous week, although decliners still outnumbered gainers. Meanwhile, the underlying equity market remained relatively cautious, with liquidity staying at low levels, indicating that market-wide capital inflows have yet to fully recover.

June 30, 2026

Market Traders 2026/06/30: Foreign selling pressure eased significantly

Market Traders 2026/06/30: Foreign selling pressure eased significantly

By investor group, trading activity among domestic retail investors increased by 4.2% WoW, while domestic institutional investors recorded a 12.0% decline.

June 30, 2026

26W26: SBV shifts to net injection to ease liquidity pressure

26W26: SBV shifts to net injection to ease liquidity pressure

In 26W26, the SBV returned to net liquidity injection after three consecutive weeks of withdrawal to ease liquidity pressures in the banking system. Concurrently, interbank rates diverged across tenors as a sharp decline in the overnight segment contrasted with longer tenors moving higher, indicating that liquidity pressure has merely shifted to the following week rather than being fully resolved. In the FX market, USDVND decreased despite a significant global greenback rebound driven by the Fed’s hawkish outlook, supported by a pause in domestic equity selling pressures as foreign net outflows became insignificant.

June 29, 2026

Chart of the day 2026/06/29: Uptrend confirmed

Chart of the day 2026/06/29: Uptrend confirmed

The uptrend has been confirmed by the breakout signals seen last week. As such, investors may consider reopening new positions at a reasonable allocation level.

June 29, 2026

Market commentary 2026/06/29: Divergent market performance

Market commentary 2026/06/29: Divergent market performance

Although the market ended higher, liquidity remained subdued, signaling that capital flows are still cautious. At the same time, selling pressure persisted throughout the session, suggesting that the current rebound has yet to gain broad market confirmation.

June 29, 2026

Derivatives 2026/06/29: Support around the MA50

Derivatives 2026/06/29: Support around the MA50

The uptrend has been confirmed in the short term. As such, investors may consider maintaining their long positions.

June 29, 2026

Market commentary 2026/06/26: Selling pressure returns

Market commentary 2026/06/26: Selling pressure returns

The market ended lower while liquidity declined sharply, indicating that investor caution continues to dominate sentiment. This development also suggests that investors remain in a wait-and-see mode and implies that the market may continue to trade in a choppy range in the near term, as no sufficiently strong catalyst has yet emerged to alter the current trend.

June 26, 2026

Derivatives 2026/06/26: Consolidation phase

Derivatives 2026/06/26: Consolidation phase

The uptrend has been confirmed in the short term, supported by rising trading volume. Therefore, traders may consider maintaining their Long positions.

June 26, 2026

Market commentary 2026/06/25: Green momentum sustained

Market commentary 2026/06/25: Green momentum sustained

Although the market extended its gains, liquidity declined compared to the previous session, suggesting that the upward move has yet to receive broad confirmation from capital flows. This reflects continued investor caution and indicates that the current uptrend may require additional time before being firmly established.

June 25, 2026

Derivatives 2026/06/25: Uptrend returns

Derivatives 2026/06/25: Uptrend returns

The short-term uptrend has been confirmed, supported by rising trading volume. As such, traders may consider reopening long positions in the next session.

June 25, 2026

Derivatives 2026/06/24: Positive momentum holds

Derivatives 2026/06/24: Positive momentum holds

The short-term uptrend has been confirmed by signals on the contract's price action. As such, traders may consider reopening long positions with a moderately low position size.

June 24, 2026

Market commentary 2026/06/24: Foreigners returned to net buying

Market commentary 2026/06/24: Foreigners returned to net buying

The market recorded its second consecutive gain alongside an improvement in liquidity, suggesting that capital flows are gradually returning. However, the rally lost momentum toward the end of the session as profit-taking pressure emerged, significantly narrowing the index's gains. This development reflects continued investor caution and suggests that the market may experience further bouts of volatility in the near term.

June 24, 2026

Market commentary 2026/06/23: Green start to the week

Market commentary 2026/06/23: Green start to the week

Although the market posted a strong gain, most of the index's advance was driven by Vingroup-related stocks. Meanwhile, liquidity continued to decline, indicating that investor caution remains present. Therefore, investors should wait for additional signals from the market before drawing firmer conclusions about the market's direction.

June 23, 2026

Featured promotions

Derivatives 2026/07/03: Improved liquidity

Derivatives 2026/07/03: Improved liquidity

The uptrend remains confirmed in the short term, supported by improved liquidity. Accordingly, traders may consider reopening long positions.

July 3, 2026

Market commentary 2026/07/02: Positive momentum continued

Market commentary 2026/07/02: Positive momentum continued

The market posted its second consecutive gain, suggesting that buying demand is gradually improving after a period of cautious trading. This performance also indicates improving investor sentiment and reinforces expectations that the market may continue its recovery in the sessions ahead.

July 2, 2026

Derivatives 2026/07/02: A positive signal emerges

Derivatives 2026/07/02: A positive signal emerges

The uptrend remains confirmed in the short term, supported by improved liquidity. Accordingly, traders may consider reopening long positions.

July 2, 2026

Market commentary 2026/07/01: Demand emerged

Market commentary 2026/07/01: Demand emerged

The market ended higher with a modest improvement in liquidity, although trading activity remained at relatively low levels. Meanwhile, selling pressure persisted throughout the session, suggesting that investors remain cautious and that the current recovery still requires further confirmation

July 1, 2026

Derivatives 2026/07/01: Caution prevails

Derivatives 2026/07/01: Caution prevails

The uptrend remains confirmed in the short term, but the risk of a reversal may be increasing. As such, traders should monitor for further confirming signals before reopening new positions.

July 1, 2026

Market commentary 2026/06/30: Selling pressure persists

Market commentary 2026/06/30: Selling pressure persists

The market ended lower while liquidity remained subdued. The lack of a meaningful improvement in capital flows suggests that buying demand is still on the sidelines. As a result, the market is likely to remain in a period of consolidation and choppy trading in the near term before a clearer directional signal emerges.

June 30, 2026

Derivatives 2026/06/30: Liquidity at low levels

Derivatives 2026/06/30: Liquidity at low levels

The uptrend has been confirmed in the short term. As such, traders may consider maintaining their long positions.

June 30, 2026

Covered warrant 2026/06/30: Cash flow improved

Covered warrant 2026/06/30: Cash flow improved

During the week, the covered warrant market continued to show signs of improvement as the number of advancing warrants increased, while the number of declining warrants narrowed compared with the previous week, although decliners still outnumbered gainers. Meanwhile, the underlying equity market remained relatively cautious, with liquidity staying at low levels, indicating that market-wide capital inflows have yet to fully recover.

June 30, 2026

Market Traders 2026/06/30: Foreign selling pressure eased significantly

Market Traders 2026/06/30: Foreign selling pressure eased significantly

By investor group, trading activity among domestic retail investors increased by 4.2% WoW, while domestic institutional investors recorded a 12.0% decline.

June 30, 2026

26W26: SBV shifts to net injection to ease liquidity pressure

26W26: SBV shifts to net injection to ease liquidity pressure

In 26W26, the SBV returned to net liquidity injection after three consecutive weeks of withdrawal to ease liquidity pressures in the banking system. Concurrently, interbank rates diverged across tenors as a sharp decline in the overnight segment contrasted with longer tenors moving higher, indicating that liquidity pressure has merely shifted to the following week rather than being fully resolved. In the FX market, USDVND decreased despite a significant global greenback rebound driven by the Fed’s hawkish outlook, supported by a pause in domestic equity selling pressures as foreign net outflows became insignificant.

June 29, 2026

Chart of the day 2026/06/29: Uptrend confirmed

Chart of the day 2026/06/29: Uptrend confirmed

The uptrend has been confirmed by the breakout signals seen last week. As such, investors may consider reopening new positions at a reasonable allocation level.

June 29, 2026

Market commentary 2026/06/29: Divergent market performance

Market commentary 2026/06/29: Divergent market performance

Although the market ended higher, liquidity remained subdued, signaling that capital flows are still cautious. At the same time, selling pressure persisted throughout the session, suggesting that the current rebound has yet to gain broad market confirmation.

June 29, 2026

Derivatives 2026/06/29: Support around the MA50

Derivatives 2026/06/29: Support around the MA50

The uptrend has been confirmed in the short term. As such, investors may consider maintaining their long positions.

June 29, 2026

Market commentary 2026/06/26: Selling pressure returns

Market commentary 2026/06/26: Selling pressure returns

The market ended lower while liquidity declined sharply, indicating that investor caution continues to dominate sentiment. This development also suggests that investors remain in a wait-and-see mode and implies that the market may continue to trade in a choppy range in the near term, as no sufficiently strong catalyst has yet emerged to alter the current trend.

June 26, 2026

Derivatives 2026/06/26: Consolidation phase

Derivatives 2026/06/26: Consolidation phase

The uptrend has been confirmed in the short term, supported by rising trading volume. Therefore, traders may consider maintaining their Long positions.

June 26, 2026

Market commentary 2026/06/25: Green momentum sustained

Market commentary 2026/06/25: Green momentum sustained

Although the market extended its gains, liquidity declined compared to the previous session, suggesting that the upward move has yet to receive broad confirmation from capital flows. This reflects continued investor caution and indicates that the current uptrend may require additional time before being firmly established.

June 25, 2026

Derivatives 2026/06/25: Uptrend returns

Derivatives 2026/06/25: Uptrend returns

The short-term uptrend has been confirmed, supported by rising trading volume. As such, traders may consider reopening long positions in the next session.

June 25, 2026

Derivatives 2026/06/24: Positive momentum holds

Derivatives 2026/06/24: Positive momentum holds

The short-term uptrend has been confirmed by signals on the contract's price action. As such, traders may consider reopening long positions with a moderately low position size.

June 24, 2026

Market commentary 2026/06/24: Foreigners returned to net buying

Market commentary 2026/06/24: Foreigners returned to net buying

The market recorded its second consecutive gain alongside an improvement in liquidity, suggesting that capital flows are gradually returning. However, the rally lost momentum toward the end of the session as profit-taking pressure emerged, significantly narrowing the index's gains. This development reflects continued investor caution and suggests that the market may experience further bouts of volatility in the near term.

June 24, 2026

Market commentary 2026/06/23: Green start to the week

Market commentary 2026/06/23: Green start to the week

Although the market posted a strong gain, most of the index's advance was driven by Vingroup-related stocks. Meanwhile, liquidity continued to decline, indicating that investor caution remains present. Therefore, investors should wait for additional signals from the market before drawing firmer conclusions about the market's direction.

June 23, 2026

Featured news

Derivatives 2026/07/03: Improved liquidity

Derivatives 2026/07/03: Improved liquidity

The uptrend remains confirmed in the short term, supported by improved liquidity. Accordingly, traders may consider reopening long positions.

July 3, 2026

Market commentary 2026/07/02: Positive momentum continued

Market commentary 2026/07/02: Positive momentum continued

The market posted its second consecutive gain, suggesting that buying demand is gradually improving after a period of cautious trading. This performance also indicates improving investor sentiment and reinforces expectations that the market may continue its recovery in the sessions ahead.

July 2, 2026

Derivatives 2026/07/02: A positive signal emerges

Derivatives 2026/07/02: A positive signal emerges

The uptrend remains confirmed in the short term, supported by improved liquidity. Accordingly, traders may consider reopening long positions.

July 2, 2026

Market commentary 2026/07/01: Demand emerged

Market commentary 2026/07/01: Demand emerged

The market ended higher with a modest improvement in liquidity, although trading activity remained at relatively low levels. Meanwhile, selling pressure persisted throughout the session, suggesting that investors remain cautious and that the current recovery still requires further confirmation

July 1, 2026

Derivatives 2026/07/01: Caution prevails

Derivatives 2026/07/01: Caution prevails

The uptrend remains confirmed in the short term, but the risk of a reversal may be increasing. As such, traders should monitor for further confirming signals before reopening new positions.

July 1, 2026

Market commentary 2026/06/30: Selling pressure persists

Market commentary 2026/06/30: Selling pressure persists

The market ended lower while liquidity remained subdued. The lack of a meaningful improvement in capital flows suggests that buying demand is still on the sidelines. As a result, the market is likely to remain in a period of consolidation and choppy trading in the near term before a clearer directional signal emerges.

June 30, 2026

Derivatives 2026/06/30: Liquidity at low levels

Derivatives 2026/06/30: Liquidity at low levels

The uptrend has been confirmed in the short term. As such, traders may consider maintaining their long positions.

June 30, 2026

Covered warrant 2026/06/30: Cash flow improved

Covered warrant 2026/06/30: Cash flow improved

During the week, the covered warrant market continued to show signs of improvement as the number of advancing warrants increased, while the number of declining warrants narrowed compared with the previous week, although decliners still outnumbered gainers. Meanwhile, the underlying equity market remained relatively cautious, with liquidity staying at low levels, indicating that market-wide capital inflows have yet to fully recover.

June 30, 2026

Market Traders 2026/06/30: Foreign selling pressure eased significantly

Market Traders 2026/06/30: Foreign selling pressure eased significantly

By investor group, trading activity among domestic retail investors increased by 4.2% WoW, while domestic institutional investors recorded a 12.0% decline.

June 30, 2026

26W26: SBV shifts to net injection to ease liquidity pressure

26W26: SBV shifts to net injection to ease liquidity pressure

In 26W26, the SBV returned to net liquidity injection after three consecutive weeks of withdrawal to ease liquidity pressures in the banking system. Concurrently, interbank rates diverged across tenors as a sharp decline in the overnight segment contrasted with longer tenors moving higher, indicating that liquidity pressure has merely shifted to the following week rather than being fully resolved. In the FX market, USDVND decreased despite a significant global greenback rebound driven by the Fed’s hawkish outlook, supported by a pause in domestic equity selling pressures as foreign net outflows became insignificant.

June 29, 2026

Chart of the day 2026/06/29: Uptrend confirmed

Chart of the day 2026/06/29: Uptrend confirmed

The uptrend has been confirmed by the breakout signals seen last week. As such, investors may consider reopening new positions at a reasonable allocation level.

June 29, 2026

Market commentary 2026/06/29: Divergent market performance

Market commentary 2026/06/29: Divergent market performance

Although the market ended higher, liquidity remained subdued, signaling that capital flows are still cautious. At the same time, selling pressure persisted throughout the session, suggesting that the current rebound has yet to gain broad market confirmation.

June 29, 2026

Derivatives 2026/06/29: Support around the MA50

Derivatives 2026/06/29: Support around the MA50

The uptrend has been confirmed in the short term. As such, investors may consider maintaining their long positions.

June 29, 2026

Market commentary 2026/06/26: Selling pressure returns

Market commentary 2026/06/26: Selling pressure returns

The market ended lower while liquidity declined sharply, indicating that investor caution continues to dominate sentiment. This development also suggests that investors remain in a wait-and-see mode and implies that the market may continue to trade in a choppy range in the near term, as no sufficiently strong catalyst has yet emerged to alter the current trend.

June 26, 2026

Derivatives 2026/06/26: Consolidation phase

Derivatives 2026/06/26: Consolidation phase

The uptrend has been confirmed in the short term, supported by rising trading volume. Therefore, traders may consider maintaining their Long positions.

June 26, 2026

Market commentary 2026/06/25: Green momentum sustained

Market commentary 2026/06/25: Green momentum sustained

Although the market extended its gains, liquidity declined compared to the previous session, suggesting that the upward move has yet to receive broad confirmation from capital flows. This reflects continued investor caution and indicates that the current uptrend may require additional time before being firmly established.

June 25, 2026

Derivatives 2026/06/25: Uptrend returns

Derivatives 2026/06/25: Uptrend returns

The short-term uptrend has been confirmed, supported by rising trading volume. As such, traders may consider reopening long positions in the next session.

June 25, 2026

Derivatives 2026/06/24: Positive momentum holds

Derivatives 2026/06/24: Positive momentum holds

The short-term uptrend has been confirmed by signals on the contract's price action. As such, traders may consider reopening long positions with a moderately low position size.

June 24, 2026

Market commentary 2026/06/24: Foreigners returned to net buying

Market commentary 2026/06/24: Foreigners returned to net buying

The market recorded its second consecutive gain alongside an improvement in liquidity, suggesting that capital flows are gradually returning. However, the rally lost momentum toward the end of the session as profit-taking pressure emerged, significantly narrowing the index's gains. This development reflects continued investor caution and suggests that the market may experience further bouts of volatility in the near term.

June 24, 2026

Market commentary 2026/06/23: Green start to the week

Market commentary 2026/06/23: Green start to the week

Although the market posted a strong gain, most of the index's advance was driven by Vingroup-related stocks. Meanwhile, liquidity continued to decline, indicating that investor caution remains present. Therefore, investors should wait for additional signals from the market before drawing firmer conclusions about the market's direction.

June 23, 2026

Featured promotions

Derivatives 2026/07/03: Improved liquidity

Derivatives 2026/07/03: Improved liquidity

The uptrend remains confirmed in the short term, supported by improved liquidity. Accordingly, traders may consider reopening long positions.

July 3, 2026

Market commentary 2026/07/02: Positive momentum continued

Market commentary 2026/07/02: Positive momentum continued

The market posted its second consecutive gain, suggesting that buying demand is gradually improving after a period of cautious trading. This performance also indicates improving investor sentiment and reinforces expectations that the market may continue its recovery in the sessions ahead.

July 2, 2026

Derivatives 2026/07/02: A positive signal emerges

Derivatives 2026/07/02: A positive signal emerges

The uptrend remains confirmed in the short term, supported by improved liquidity. Accordingly, traders may consider reopening long positions.

July 2, 2026

Market commentary 2026/07/01: Demand emerged

Market commentary 2026/07/01: Demand emerged

The market ended higher with a modest improvement in liquidity, although trading activity remained at relatively low levels. Meanwhile, selling pressure persisted throughout the session, suggesting that investors remain cautious and that the current recovery still requires further confirmation

July 1, 2026

Derivatives 2026/07/01: Caution prevails

Derivatives 2026/07/01: Caution prevails

The uptrend remains confirmed in the short term, but the risk of a reversal may be increasing. As such, traders should monitor for further confirming signals before reopening new positions.

July 1, 2026

Market commentary 2026/06/30: Selling pressure persists

Market commentary 2026/06/30: Selling pressure persists

The market ended lower while liquidity remained subdued. The lack of a meaningful improvement in capital flows suggests that buying demand is still on the sidelines. As a result, the market is likely to remain in a period of consolidation and choppy trading in the near term before a clearer directional signal emerges.

June 30, 2026

Derivatives 2026/06/30: Liquidity at low levels

Derivatives 2026/06/30: Liquidity at low levels

The uptrend has been confirmed in the short term. As such, traders may consider maintaining their long positions.

June 30, 2026

Covered warrant 2026/06/30: Cash flow improved

Covered warrant 2026/06/30: Cash flow improved

During the week, the covered warrant market continued to show signs of improvement as the number of advancing warrants increased, while the number of declining warrants narrowed compared with the previous week, although decliners still outnumbered gainers. Meanwhile, the underlying equity market remained relatively cautious, with liquidity staying at low levels, indicating that market-wide capital inflows have yet to fully recover.

June 30, 2026

Market Traders 2026/06/30: Foreign selling pressure eased significantly

Market Traders 2026/06/30: Foreign selling pressure eased significantly

By investor group, trading activity among domestic retail investors increased by 4.2% WoW, while domestic institutional investors recorded a 12.0% decline.

June 30, 2026

26W26: SBV shifts to net injection to ease liquidity pressure

26W26: SBV shifts to net injection to ease liquidity pressure

In 26W26, the SBV returned to net liquidity injection after three consecutive weeks of withdrawal to ease liquidity pressures in the banking system. Concurrently, interbank rates diverged across tenors as a sharp decline in the overnight segment contrasted with longer tenors moving higher, indicating that liquidity pressure has merely shifted to the following week rather than being fully resolved. In the FX market, USDVND decreased despite a significant global greenback rebound driven by the Fed’s hawkish outlook, supported by a pause in domestic equity selling pressures as foreign net outflows became insignificant.

June 29, 2026

Chart of the day 2026/06/29: Uptrend confirmed

Chart of the day 2026/06/29: Uptrend confirmed

The uptrend has been confirmed by the breakout signals seen last week. As such, investors may consider reopening new positions at a reasonable allocation level.

June 29, 2026

Market commentary 2026/06/29: Divergent market performance

Market commentary 2026/06/29: Divergent market performance

Although the market ended higher, liquidity remained subdued, signaling that capital flows are still cautious. At the same time, selling pressure persisted throughout the session, suggesting that the current rebound has yet to gain broad market confirmation.

June 29, 2026

Derivatives 2026/06/29: Support around the MA50

Derivatives 2026/06/29: Support around the MA50

The uptrend has been confirmed in the short term. As such, investors may consider maintaining their long positions.

June 29, 2026

Market commentary 2026/06/26: Selling pressure returns

Market commentary 2026/06/26: Selling pressure returns

The market ended lower while liquidity declined sharply, indicating that investor caution continues to dominate sentiment. This development also suggests that investors remain in a wait-and-see mode and implies that the market may continue to trade in a choppy range in the near term, as no sufficiently strong catalyst has yet emerged to alter the current trend.

June 26, 2026

Derivatives 2026/06/26: Consolidation phase

Derivatives 2026/06/26: Consolidation phase

The uptrend has been confirmed in the short term, supported by rising trading volume. Therefore, traders may consider maintaining their Long positions.

June 26, 2026

Market commentary 2026/06/25: Green momentum sustained

Market commentary 2026/06/25: Green momentum sustained

Although the market extended its gains, liquidity declined compared to the previous session, suggesting that the upward move has yet to receive broad confirmation from capital flows. This reflects continued investor caution and indicates that the current uptrend may require additional time before being firmly established.

June 25, 2026

Derivatives 2026/06/25: Uptrend returns

Derivatives 2026/06/25: Uptrend returns

The short-term uptrend has been confirmed, supported by rising trading volume. As such, traders may consider reopening long positions in the next session.

June 25, 2026

Derivatives 2026/06/24: Positive momentum holds

Derivatives 2026/06/24: Positive momentum holds

The short-term uptrend has been confirmed by signals on the contract's price action. As such, traders may consider reopening long positions with a moderately low position size.

June 24, 2026

Market commentary 2026/06/24: Foreigners returned to net buying

Market commentary 2026/06/24: Foreigners returned to net buying

The market recorded its second consecutive gain alongside an improvement in liquidity, suggesting that capital flows are gradually returning. However, the rally lost momentum toward the end of the session as profit-taking pressure emerged, significantly narrowing the index's gains. This development reflects continued investor caution and suggests that the market may experience further bouts of volatility in the near term.

June 24, 2026

Market commentary 2026/06/23: Green start to the week

Market commentary 2026/06/23: Green start to the week

Although the market posted a strong gain, most of the index's advance was driven by Vingroup-related stocks. Meanwhile, liquidity continued to decline, indicating that investor caution remains present. Therefore, investors should wait for additional signals from the market before drawing firmer conclusions about the market's direction.

June 23, 2026

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CNG – Earnings Review – [HOLD] – 1H26 NPAT returned to positive growth
CNG – Earnings Review – [HOLD] – 1H26 NPAT returned to positive growth2Q26 revenue reached VND1,836bn (+68% yoy, ~84% of KIS forecast). Total gas volume (CNG/LNG/LPG) reached 110mn Sm³ (+30% yoy, 93% of our forecast), NPAT increased 18% yoy to VND44bn (~126% KIS forecast). For 1H26, CNG reported revenue of VND3,027bn (+56% yoy, ~57% of its 2026 target) and NPAT of VND48bn (+25% yoy, 67% of its 2026 target). PDFCNG – Earnings Review – [HOLD] – 1H26 NPAT returned to positive growth
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July 24, 2026
NT2 – earnings review – [HOLD] – 2Q26: Earnings remained on an uptrend
NT2 – earnings review – [HOLD] – 2Q26: Earnings remained on an uptrendIn 2Q26, revenue reached VND2,825bn (+36% yoy), driven by (1) a 54% yoy increase in production, and (2) a 9% yoy increase in the average selling price. Gross profit reached VND477bn (+30% yoy). As a result, NPAT reached VND403bn (+24% yoy), mainly driven by (1) higher gross profit and (2) financial income rising to VND76bn (+100% yoy; up VND38bn yoy), supported by higher interest income from bank deposits. PDFNT2-earnings review - [HOLD]- 2Q26 Earnings remained on an uptrend
July 23, 2026
SZC – Brief – [NONRATED] – Accounting Shift Drags 2Q26 Top-line
SZC – Brief – [NONRATED] – Accounting Shift Drags 2Q26 Top-lineIn 2Q26, SZC reported VND132bn revenue (+30% QoQ, -39% YoY) with a GP of VND52bn (+49% QoQ, -62% YoY). Net profit came in at VND19bn (+10% QoQ, -80% YoY).PDFSZC - Brief - [NONRATED] - Accounting Shift Drags 2Q26 Top-line
July 22, 2026
TCB - Earnings review- [BUY]- Higher-than-expected earnings growth
TCB - Earnings review- [BUY]- Higher-than-expected earnings growth2Q26 PBT rose +22.4% YoY to VND 9,670bn, driven by robust credit expansion, strong net fee income, and lower provision expenses. 1H26 PBT reached VND 18,540bn (+22.5% YoY), completing 49% of the full-year 2026 target. Net profit grew +17.7% YoY to VND 7,350bn in 2Q26, fulfilling 112% of KIS’s estimate.PDFTCB - Earnings review- [BUY]- Higher-than-expected earnings growth
July 22, 2026
Banking - In-depth - [NEUTRAL] - Focus will win
Banking - In-depth - [NEUTRAL] - Focus will winBanking Sector Profit Outlook 2026-2027: Profit growth in 1H26 recorded moderate growth. In 2H26, profit growth could maintain double-digit levels. For 2026F, while double-digit growth remains intact, the pace is expected to fall slightly short of the bank's 16% guidance, before maintaining its solid double-digit momentum into 2027F. Attractive Valuation: Current P/B at 1.52x is lower than the 5-year historical P/B at 1.7x, attractive for long-term investment accumulation PDFBanking - In-depth - [NEUTRAL] - FOCUS WILL WIN F2
July 21, 2026
Industrial Park - In-depth - [NEUTRAL] - Atmosphere of caution
Industrial Park - In-depth - [NEUTRAL] - Atmosphere of cautionDriven by restricted near-term supply, escalating construction costs, and stricter environmental/technical development standards for new industrial zones, average IP asking rents will maintain their upward trajectory. For 2026F, average rental rates are projected to expand by 5% yoy in the Northern region and 4% yoy in the Southern region, supporting stable gross margins for well-positioned developersPDFIP - Indepth - [NEUTRAL] - 2H26F Outlook Atmosphere of caution​
July 21, 2026