Summary of H1 2026 results and outlook of DHG Pharmaceutical JSC (DHG VN) Net revenue reached VND2,561bn (+7.7% y/y). mainly driven by a robust 11.1% y/y increase in owned product sales (91.9% of revenue), while an accounting change related to promotional item partly moderated top line growth. By channel, on a like-for-like basis (LFL), pharmacy […]
International arrivals reached nearly 16 million in the first eight months of 2026, up more than 14% y/y, putting Vietnam on track toward its target of 25 million visitors this year. Importantly, tourist spending has also improved from pre-Covid levels. In 2019, an international visitor spent around VND26 million per trip in Vietnam, well below […]
Summary of H1 2026 results and outlook of Hoa Phat Group JSC (HPG VN) Vietnam’s steel producers delivered a solid performance, with total sales volume rising 14.2% y/y to 18.0mn tons, supported by robust domestic demand and tighter import supply following broader trade measures on HRC. Demand was underpinned by strong public infrastructure investment, a […]
We would like to present you our monthly Macroeconomic & Stock Market Highlights for Vietnam alongside with the monthly performance update of the TIM Vietnam Actively Managed Certificate for August 2026. Watch our video recap of key takeaways of the Vietnam Marcroeconomic and Stock market in August 2026 Vietnam’s Economy Manufacturing momentum strengthened further in August, with […]
Summary of H1 2026 results and outlook of FPT Corporation (FPT VN) Net revenue rose 12.6% y/y on a like-for-like (LFL) basis, adjusted for the deconsolidation of FPT Telecom. Global IT services, which accounted for 72.0% of total revenue, increased 13.4% y/y as FPT began converting the stronger backlog recorded since H2/2025, when global clients […]
Interest rates have dominated Vietnam’s macro conversation for the past six months when bank deposit rate has increased ~200bps YTD. The concern is understandable. Higher-for-longer rates raise the cost of capital and, the worry goes, will eventually weigh on domestic activity. That debate is real and worth having. But there’s a less-discussed flip side that […]
Summary of H1 2026 results and outlook of VPBank (VPB VN) Net income surged 73.1% y/y, partly off a low base, supported by strong credit growth and fee income, while asset quality remained resilient. Total credit expanded 41.6% y/y, enabled by a higher credit quota following the bank’s participation in restructuring a weak bank. Growth […]