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COMPANY RESEARCH
Binh Minh Plastics (BMP VN) – Q2 2025 – Construction Rebound Lifts Sales
August 24, 2025

Summary of Q2 2025 results and outlook of Binh Minh Plastics JSC (BMP VN) Net revenue reached VND2,691bn (+24.8% y/y), driven by a 25.5% y/y increase in sales volume. Growth was supported by an early recovery in real estate construction and the front-loaded timing of promotional campaigns (held in Q1 and end-Q2 vs. Q3 in […]

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Summary of Q2 2025 results and outlook of Techcombank (TCB VN) The bank accelerated credit growth while maintaining solid asset quality. However, net profit edged down by 1.5% y/y due to continued pressure on net interest margin (NIM). Total credit expanded by 19.8% y/y, driven by a strong rebound in the real estate market that […]

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This week, our colleague, Giang Nguyen, attended the Forbes Vietnam Business Forum to receive the award on behalf of Binh Dinh Pharmaceutical (DBD) and celebrate with the CEO of Binh Minh Plastics (BMP). Both companies were named among Vietnam’s 50 Best Listed Companies by Earnings Quality 2025. Their inclusion highlights strong fundamentals, consistent earnings quality, […]

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Summary of Q2 2025 results and outlook of Hau Giang Pharmaceutical JSC (DHG VN) Net revenue from self-produced products grew 8.9% y/y to VND2,186bn, accounting for 92.0% of total sales and offsetting declines in low margin distributed goods, leading to a slight 0.6% y/y rise in total sales. By channel, pharmacy channel sales (84.9% of […]

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When the U.S. first floated a 46% tariff on Vietnamese goods, it sparked real concern among investors and manufacturers alike. Now the dust has settled: the finalized rate is 20%—only a touch above the 19% applied to Thailand, Indonesia, and Malaysia, and still below India’s 25%. A uniform 40% tariff on transshipments will also apply […]

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Vietnam Industrial Parks Gain Momentum Amid Global Supply Chain Shifts Over the past decade, the reconfiguration of global supply chains has reshaped manufacturing dynamics, opening up new opportunities for Vietnam’s industrial park (IP) real estate sector. With its strategic location, competitive production costs, political stability, and extensive free trade agreements, the country has become a […]

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Summary of Q2 2025 results and outlook of Nam Long Investment (NLG VN) The Hanoi and HCMC markets saw a quarterly increase in new apartment supply, supported by further easing of legal procedures. New launches remained concentrated in the high-end segment, leading to higher prices and softer absorption. In contrast, more affordable projects in suburban […]

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