Market Summary

Sunshine Group (HNX: KSF) reported a pre-tax profit of over VND 409 billion in Q1/2026, a surge of 406.77% year-on-year, driven by handover of strategic real estate projects. The company targets a full-year pre-tax profit of VND 15,000 billion and plans to transfer its listing from HNX to HoSE.

PV Drilling (PVD) reported Q1 2026 net profit of 300 billion VND, up 110% YoY, with revenue surging 126% to 3,401 billion VND, driven by increased rig utilization and higher rental rates.

Deposit interest rates across Vietnamese commercial banks have been cut by 0.2-0.8% in early May 2026 following a directive from the State Bank of Vietnam, with major banks like Vietcombank, BIDV, and VietinBank reducing rates on various tenors.

Vietnam Airlines (HVN) reported Q1 consolidated revenue of over 37,500 billion VND and after-tax profit of 4,514 billion VND, while Vietjet Air (VJC) posted consolidated revenue of 21,021 billion VND (up 17% YoY) and pre-tax profit of 1,142 billion VND (up 36% YoY). Both airlines face rising fuel costs ahead.

The Ministry of Finance proposes to abolish business licenses for 58 industries and trades across multiple sectors, shifting from pre-inspection to post-inspection to reduce compliance costs and improve the investment environment. The draft resolution is expected to be submitted to the government before May 5 and take effect from July 1, 2026 to March 1, 2027.

Vietnam's Ministry of Finance is proposing to remove business licenses for 58 industries including casinos, karaoke, dance halls, rice export, alcohol, minerals, and auto manufacturing, with the resolution expected to take effect from July 2026 to March 2027.

14 companies announced cash dividends for the week of May 4-8, with the highest rate at 50% (5,000 VND/share) for NFC and PTG. GELEX will pay stock dividends and bonus shares at a combined 45% rate.

HAGL successfully issued a VND 2,000 billion private bond (HAG12601) with a 36-month term, backed by OCBS, OCB, and FiinRatings, marking its return to the bond market after restructuring and targeting large-scale agriculture expansion.

Several listed companies, including Phan Thiet Garment Export (PTG) and Ninh Binh Phosphate (NFC), are set to pay cash dividends of 50% after the holiday, with record dates in early May.

Van Phu Homes has signed a distribution partnership with FAM Group for the Vlasta - Thuy Nguyen project in Hai Phong, aiming to accelerate sales and market penetration.

Vietnam's aviation sector saw double-digit growth in early 2026, with passenger traffic up 18% and cargo up 17% year-on-year in the first four months. ACV is taking steps to ensure safety amid drone incidents.