Vietnam Market Weekly Report

Nong Nghiep Hoa Phat (HNG) announced at its AGM a business plan for 2026 forecasting an 11% decrease in revenue and a 37% decrease in net profit compared to the previous year, citing geopolitical tensions, rising energy/fertilizer costs, and disease risks in the livestock sector.

Petrolimex (PLX) expects a loss of 1,000 billion VND in Q1 2026 from petroleum operations due to extreme oil price volatility, and proposes two solutions to meet public company free-float requirements.

HDBank's 2026 AGM approved a plan for pre-tax profit of over 30,100 billion VND (+41% YoY), total assets approaching 1.2 million billion VND, and a 30% dividend.

HDBank's 2026 AGM approved a plan for pre-tax profit of over 30,100 billion VND (+41% YoY), total assets approaching 1.2 million billion VND, and a 30% dividend. The bank also outlined its multi-financial ecosystem strategy and international cooperation expansion.

HDBank announced a 2026 profit target of over 30,100 billion VND, representing over 40% growth, along with other ambitious targets for total assets, deposits, and credit.

HDBank announced a 2026 profit target of over 30,100 billion VND, representing over 40% growth, along with other ambitious targets for total assets, deposits, and credit. The bank also plans a nearly 30% dividend and stock bonus and a capital increase to over 59,000 billion VND.

Petrolimex (PLX) expects a loss of over 1,000 billion VND from petroleum trading in Q1 due to unprecedented global fuel price volatility and rising import costs.

Many Vietnamese companies including Masan Group, PV Gas, Vincom Retail, and Digiworld reported strong Q1 2026 profit growth, while Phuoc An Port continued to post losses.

Cu Lao Cham Commercial - Tourism - Investment JSC (CLC) reported 2025 net profit exceeding 775.7 billion VND, driven by real estate projects entering the handover and profit recognition phase, with equity more than doubling year-over-year.

Vinhomes (VHM) has officially raised its 2026 business plan, targeting consolidated revenue of 285 trillion VND and after-tax profit of 60 trillion VND, representing a 38% profit growth compared to 2025 results.

DNSE Securities reported Q1 2026 operating revenue of over VND 395 billion, up 62% year-on-year, with margin lending and pre-settlement advances increasing 38% to VND 5,910 billion.

Vingroup (VIC) has officially raised its 2026 business plan targets, aiming for revenue of 485 trillion VND (up 46% vs 2025) and net profit of 35 trillion VND (triple the previous year).