Daily Call

Market Wrap: Conglomerate stocks supported the VNIndex amid price consolidation

Macro Update: Minimum Wage Adjustment

Equity Research Update: 3Q2025 Corporate Earnings Preview

Market Wrap: Catalyst drought and foreign outflows pressured the market

Macro Update: Reciprocal Tariff Update: What stands in the way becomes the way

Equity Research Update: PVD VN: Capacity Expansion to Drive Growth

Market Wrap: Construction stocks boomed but market liquidity remained tepid

Macro Update: Update on regulatory reform in energy sector

Equity Research Update: POW VN: 2025 EGM: Nhon Trach 3 & 4 Near Launch; LNG Strategy in Focus

Market Wrap: Final-hour rally kicked up sentiment and momentum

Macro Update: Policy Update – Asset Auctions Reform

Equity Research Update: NTP VN: Pipes of Growth: NTP’s Strong Flow Ahead

Market Wrap: Muted market momentum and muted liquidity

Macro Update: Vietnam’s Medium-Term Economic Planning Update

Equity Research Update: HAH VN (Outperform; TP VND 63,800): Strong 2Q25 Earnings and Fleet Expansion to Capture Feeder Market Scarcity 

Market Wrap: Market reversal deepened on catalyst shortage

Macro Update: Government empowering in practice

Equity Research Update: HDB VN (Outperform; TP VND 36,800):Solid Core Income, But Asset Quality Concerns Weigh on Outlook

Market Wrap: Cautious trading prevails amid lack of catalysts and foreign selling

Macro Update: Update on trade

Equity Research Update: BCM VN: Capital Raise Deferred Amid Regulatory Transition

Market Wrap: Market underperformed on weakening local sentiment

Macro Update: Update on forex market

Equity Research Update: HPG VN (TP VND 33,000): IPO of Agriculture Subsidiary Expected by December 2025 at the Earliest 

Market Wrap: Volatility persists with Consumer and Tech stocks leading market resilience

Macro Update: Vietnam’s Health Strategy: Resolution 72-NQ/TW Signals Major Policy Shift

Equity Research Update: FPT VN (Outperform; TP VND 124,200): 8M25 Results: Continued Improvement in Contract Wins

Market Wrap: Momentum accelerated with more widespread price increase

Macro Update: Government Streamlining and Market Upgrade Developments

Equity Research Update: GMD VN (Outperform; TP VND 75,000):  Update on Gemalink Expansion Progress

Market Wrap: Final-hour market upswing potentially revives momentum and sentiment

Macro Update: Update on Land Law Revision Discussions

Equity Research Update: MSN VN (Outperform; TP VND 98,700): Core consumer-retail segment to fuel growth

Market Wrap: Market accumulates sideways on low liquidity in search of new direction

Macro Update: Update on Vietnam-U.S. Trade

Equity Research Update: Power and Oil and Gas sectors update: Long-term catalysts on Resolution No. 70-ND/TW, pricing and DPPA reforms

Market Wrap: 2 days of steep correction were follow by mild last-minute rebound

Macro Update: Government Pilot Resolution on Digital Assets

Equity Research Update: Monthly Market Review & Outlook – September 2025: Under the Eternal Autumn Sky