Vietnam Market Weekly Report

EVNHANOI reported 2025 net revenue of nearly 66,700 billion VND (+7.6% YoY) and pre-tax profit of over 988 billion VND (+394% YoY), driven by a large other income item from asset handover.

PV Power reported Q1 2026 net profit of over 1,300 billion VND, a 175% increase year-on-year, and proposed no dividend for 2025.

VNG targets first profit in 5 years with pre-tax profit of 300-450 billion VND in 2026, after 4 consecutive loss years.

VNG targets first profit in 5 years with pre-tax profit of 300-450 billion VND in 2026, after 4 consecutive loss years. Q1 2026 revenue rose 32% YoY to nearly 2,800 billion VND, net profit reversed to 182 billion VND.

VietinBank reported strong Q1 2026 results with pre-tax profit up 63.3% YoY to VND 11.1 trillion, total assets up 5.7% and NIM improving to 2.82%.

Masan Group's retail arm WinCommerce reported a 28.7% revenue increase in the first four months of 2026, opening 348 net new stores, with 86% in rural areas.

Masan Group's retail arm WinCommerce reported a 28.7% revenue increase in the first four months of 2026, opening 348 net new stores, with 86% in rural areas. Over 98% of new stores achieved positive EBITDA at store level.

Agribank plans to issue up to 150 million bonds with a face value of 100,000 VND each, raising up to 15,000 billion VND (approx.

Agribank plans to issue up to 150 million bonds with a face value of 100,000 VND each, raising up to 15,000 billion VND (approx. 600 million USD) to increase Tier 2 capital and support lending, especially for medium- and long-term projects.

GELEX Infrastructure sets 2026 revenue target of VND 16,649 billion, up 16% YoY, with pre-tax profit expected at VND 1,158 billion, down 43% due to investment costs.

GELEX Infrastructure sets 2026 revenue target of VND 16,649 billion, up 16% YoY, with pre-tax profit expected at VND 1,158 billion, down 43% due to investment costs. The company plans no dividends for 2025 and 2026 to fund expansion.

The State Bank of Vietnam intensifies inspections of commercial banks' interest rate reductions amid rising deposit rates, signaling determination to control lending rates and support economic growth, while facing global inflationary pressures and a strong USD.

The State Bank of Vietnam has ordered regional branches to meet with commercial banks to enforce interest rate cuts, warning against rate hikes that undermine policy.

The State Bank of Vietnam has ordered regional branches to meet with commercial banks to enforce interest rate cuts, warning against rate hikes that undermine policy. Some banks have raised deposit rates by 0.1-0.2% recently.

Hai An Transport and Stevedoring (HAH) targets 2026 net profit down 11% to 1,250 billion VND and plans to issue nearly 1,900 billion VND in bonds with warrants.