Summary of Q1 2025 results and outlook of Quang Ngai Sugar JSC (QNS VN) Net revenue declined 6.8% y/y to VND2,351bn, as high growth in nuts and soymilk and biomass was offset by weaker sugar sales. Nut and soymilk sales grew 20.0% y/y to VND947bn, driven by volume growth (+10.6%) and a 7.3% rise in […]
The Rise of Digital Payments in Vietnam On June 27, 2025, MobiFone officially launched MobiFone Digital Payment JSC with an initial charter capital of VND 300 billion. The new company is backed by MobiFone (51%), One Mount Group (38%), and Techcombank (11%), combining deep capabilities across telecom, technology, and banking. Why MobiFone’s Entry Matters MobiFone […]
Summary of Q1 2025 results and outlook of IDICO Corporation JSC (IDC VN) Despite higher energy revenue and stable toll fee revenue, total revenue declined 3% y/y to VND1,793 bn, mainly due to lower contributions from the industrial park (IP) and real estate segments. Energy and toll fee accounted for 51.7% of total revenue, while […]
Strong Start to 2025 Despite Margin Headwinds Vietnam’s banking sector entered 2025 with strong momentum, riding the wave of the government’s ambitious 8.0% GDP growth target and the central bank’s 16.0% credit growth goal. Credit growth in the first quarter was at the highest pace in the last three years—highlighting the sector’s continued role in […]
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 June 2025. Watch our video recap of key takeaways of the Vietnam Marcroeconomic and Stock market in June 2025 Vietnam’s Update – Economy 8.0% GDP growth in Q2/2025 […]
Summary of Q1 2025 results and outlook of Binh Minh Plastic JSC (BMP VN) BMP reported net revenue of VND1,383bn in Q1/2025, up 37.9% y/y, driven primarily by a 39.6% y/y increase in sales volume. This strong growth was largely due to a shift in the timing of promotional campaigns (held in Q1 this year […]
Vietnam US Trade Agreement Reached The United States and Vietnam yesterday announced that they have reached a trade deal with the following details: Vietnam will cut tariffs on all U.S. imports to 0%. We note that Vietnam has so far are not aggressively charging tariff on any trade partner. The current tariff applied to the […]