FTSE Russell confirmed Vietnam remains on track for an upgrade to a Secondary Emerging Market, effective September 21, due to improved accessibility for foreign investors. This reclassification is expected to attract billions of dollars in foreign capital, with initial implementation starting in September.
Middle East conflicts are causing oil flow disruptions, leading to soaring fuel prices and a critical shortage of petrochemical raw materials like naphtha. This global crisis is severely impacting various manufacturing sectors, from footwear to medical supplies, driving up costs, fueling inflation, and hindering economic growth worldwide.
Interbank interest rates, especially for short terms, sharply increased on April 6th, driven by persistent liquidity pressure and a significant gap between credit growth and capital mobilization in the banking system. Analysts expect rates to remain high due to these factors and external pressures.
The State Bank of Vietnam (SBV) issued a directive urging credit institutions to stabilize interest rates amidst recent rapid increases, driven by capital balancing pressures and high credit growth. This move aims to maintain macroeconomic stability, control inflation, and support economic growth.
Vietnamese steel prices are recovering in Q1/2026, with expectations for stronger growth in Q2/2026 driven by a trade investigation into cheap Chinese wide-width hot-rolled steel imports and the peak construction season. Major producer HPG is seeing strong consumption growth and increased market share, while the anti-circumvention investigation is expected to benefit domestic steel producers by allowing for price increases.
The State Bank of Vietnam (SBV) issued a new circular (02/2026/TT-NHNN) amending regulations on special loans to credit institutions, expanding the scope of lenders to include the Deposit Insurance of Vietnam (DIV) and other credit institutions. This clarifies DIV's role as both a lender and a borrower, strengthening the financial system's liquidity support and stability.
Securities stocks experienced an unexpected and explosive surge in the afternoon session, with many tickers seeing strong gains and high liquidity, potentially driven by anticipation of the upcoming FTSE market upgrade review. This positive development brought a glimmer of hope amidst an overall low-liquidity market.
The Vietnamese securities sector experienced a strong late-session rally, fueled by anticipation of an upcoming market upgrade announcement, offering a signal of hope despite low overall liquidity and geopolitical concerns. This development is expected to bring certainty to the upgrade timeline and attract future fund inflows.
The Vietnamese stock market recorded its lowest liquidity in 10 months, with total transaction value significantly down and foreign investors continuing net selling. Despite this, the VN-Index saw a slight recovery, and analysts view the low liquidity as a potential sign of 'supply exhaustion' leading to a market rebound.
The Vietnamese government's Decree 110 introduces an Extended Producer Responsibility (EPR) scheme, offering financial support of up to 20 billion VND for recycling batteries, electronic waste, and vehicles, and up to 10 billion VND for packaging and other products. Manufacturers and importers can either recycle themselves or contribute to an Environmental Protection Fund to receive this support.
Petrolimex forecasts a 7% decline in 2024 profit to a four-year low, citing the growing impact of electric vehicles and urban gasoline vehicle restrictions. The company, Vietnam's largest fuel retailer, expects traditional fuel sales to peak or plateau by 2028-2030, while setting long-term revenue and profit growth targets.
JPMorgan CEO Jamie Dimon warns of a potential US economic recession driven by geopolitical conflicts, which could lead to prolonged high inflation, rising interest rates, and a stock market downturn despite the current strength of the US economy. He highlights risks from Middle East conflicts impacting oil prices and supply chains, and the challenge of high government debt.
A proposed amendment to Vietnam's Social Insurance Law seeks to expand the types of banks eligible to receive deposits from the 1.29 quadrillion VND Social Insurance Fund, currently limited to state-owned commercial banks, to include those with over 50% state-owned enterprise capital. The proposal faces mixed expert opinions, with some warning of significant risks while others see it as necessary for fund profitability.
The Vietnam Banks Association (VNBA) has issued a new code of conduct for debt collection, effective March 31st, prohibiting violent, harassing, or defamatory actions against borrowers and emphasizing customer information privacy. This aims to standardize practices and improve the banking sector's professionalism.
The VIRA Market Confidence Index for April dropped, indicating cautious sentiment towards the stock and real estate markets due to tight interbank liquidity and high interest rates, despite some confidence in the SBV's management and domestic economic growth.
VnEconomy - Chứng khoán
7负面
Share this market brief
Send the April 07, 2026 Vietnam market summary to another investor.