Vietnam Market Daily Report — May 17, 2026
Vietnam's benchmark VN-Index closed at 1,921.60 on May 17, 2026, largely unchanged from the previous session.
Petrovietnam Ca Mau Fertilizer (DCM) reported a 91% surge in net profit to 789 billion VND in Q1 2026, driven by strong global urea prices and export growth. Mirae Asset raised its target price to 47,000 VND with a 'Hold' recommendation.
CafeF - Doanh nghiệpThe State Bank of Vietnam issued Circular 08/2026/TT-NHNN, effective May 15, 2026, allowing 20% of KBNN term deposits to be counted in the LDR ratio denominator, easing liquidity pressure for state-owned banks like Vietcombank, BIDV, and VietinBank.
CafeF - Tài chính ngân hàngVietcombank and other major banks have stopped fast transfers over 500 million VND, requiring standard processing with at least 4 hours delay, to comply with new State Bank regulations enhancing security against fraud.
CafeF - Tài chính ngân hàngVietnam's Ministry of Science and Technology is drafting a new circular to replace Circular 22/2013, introducing voluntary traceability requirements for gold jewelry and bullion products to enhance transparency and quality control.
CafeF - Tài chính ngân hàngThe State Bank of Vietnam is proposing to amend Circular 22/2019 to change the LDR calculation by including 20% of State Treasury deposits, which could free up an additional 58,000-78,000 billion VND (approx. 2.3-3.1 billion USD) in lending capacity for state-owned commercial banks like Vietcombank, BIDV, and VietinBank, potentially easing deposit competition and lowering interest rates.
CafeF - Tài chính ngân hàngMany foreign banks cannot join the Ho Chi Minh City International Financial Center due to a regulation requiring a credit rating of AA or above; only JPMorgan meets this condition. Domestic banks including Vietcombank, HDBank, SHB, MB, TPBank, LPBank, and Nam A Bank have approved plans to establish subsidiaries there, while Vietinbank is studying participation.
CafeF - Tài chính ngân hàngThe Chairman of the Board and several key executives of PC1 Group have been arrested and prosecuted for accounting violations and embezzlement, causing serious consequences.
CafeF - Thị trường chứng khoánThe chairman and six other senior executives of PC1 Group have been prosecuted and detained for accounting violations and embezzlement, causing the stock to drop 33% in a month and delaying the Q1/2026 financial report.
CafeF - Thị trường chứng khoánPhat Dat Real Estate Development (PDR) plans to issue nearly 199.6 million shares to existing shareholders at 10,000 VND/share to raise charter capital to over 11,973.7 billion VND. The offering is expected in 2026 pending regulatory approval.
CafeF - Thị trường chứng khoánReal estate led corporate bond issuance in April 2026 with VND 51.7 trillion total, but analysts warn of severe liquidity risks due to large maturities and payment delays, especially in the real estate sector.
CafeF - Thị trường chứng khoánNon-performing loans (NPLs) at 27 listed Vietnamese banks surged 11% in Q1 2026 to 292,160 billion VND, with BIDV and Sacombank each exceeding 40,000 billion VND in bad debt. The trend signals worsening asset quality across the banking sector.
CafeF - Tài chính ngân hàngTechcombank and VPBank will close shareholder lists next week to pay cash dividends, with a total payout of nearly 9,000 billion VND. Techcombank pays 7% cash dividend, VPBank pays 5%.
CafeF - Tài chính ngân hàngSeveral Vietnamese companies announced capital raises: PDR plans to issue 199 million shares to raise nearly VND 2,000 billion; VVS plans to issue 21 million shares at VND 25,000 each; SMC plans to issue 36.8 million shares at VND 10,000 each; SP2 sees insider selling and REE Energy buying shares.
CafeF - Tài chính ngân hàng