Market Summary

BSR sharply raised its 2026 profit plan, lifting after-tax profit target from VND 2,162 billion to VND 18,579 billion (8.6x), and revenue plan from VND 154,140 billion to VND 190,831 billion, after strong 9M2026 results.

PV Power (POW) reported 9-month 2026 after-tax profit of nearly VND 6,900 billion, more than 3x year-on-year and over 6x the annual plan, driven by a 53% rise in commercial electricity output and higher average selling prices. Q3 revenue rose 114% YoY to VND 16,772 billion while after-tax profit reached VND 2,073 billion, though gross margin narrowed and interest expenses rose sharply.

Vietnamese banks have cut deposit rates by roughly 0.5-0.7%/year and new lending rates by 0.2-0.5%/year, with over 20 banks offering preferential credit programs cutting loan rates 1.5-2%/year, easing funding costs for businesses.

Ho Chi Minh City is preparing to break ground on five metro lines by end-2026, including the Thu Thiem-Long Thanh line with about VND134 trillion in capital, targeting 255km by 2030 and over 500km by 2035.

IMF forecasts Vietnam's nominal GDP per capita to reach 5,259 USD in 2026, up 8.9% and surpassing Indonesia, while Vietnam targets at least 10% GDP growth and 1 quadrillion VND in public investment.

Nine Vietnamese banks including Vietcombank, MB, TPBank, LPBank, HDBank, SHB, Nam A Bank, MSB and Techcombank are advancing plans to establish subsidiary banks at the Vietnam International Financial Centre (VIFC), with several already approved by shareholders and MB, Vietcombank and TPBank earmarking VND 3,000 billion each.

Vietnam and South Korea discussed an ODA-funded 'Smart Factory' project worth about USD 8.3 million to support digital transformation at 30 manufacturing enterprises, train 150 specialists, and build a technology demonstration center from 2026-2029.

The Government Office issued a notice directing Hanoi to prioritize investment capital for urban railway lines connecting Gia Binh and Noi Bai international airports with central Hanoi, with proposals due to the Ministry of Construction by November 25, 2026.

Vietnam's Ministry of Construction is appraising a draft railway plan for the Hanoi–Dong Dang line, proposing a 138 km double-track route with 160 km/h design speed and Phase 1 investment of about USD 5.2 billion, targeted for construction before 2030 and completion by 2035.

Vietnam's National Assembly passed a resolution setting a 2027 GDP growth target of at least 10% with inflation around 4.5%, calling for lower lending rates, higher foreign ownership limits, and accelerated infrastructure and energy projects.

Digiworld (DGW) management told investors that ~20% revenue and net profit growth targets for 2027 are feasible, driven by office equipment, non-ICT segments, and a server market expected to exceed USD 1 billion in Vietnam.