The VN-Index surged over 4.7% after FTSE officially upgraded Vietnam's stock market to secondary emerging status, effective September 2026. Securities companies are optimistic, forecasting continued market growth towards 1800-1840 points and advising investors to increase positions.
Vietnam's VN-Index saw a record-breaking rally, boosting the wealth of several billionaires, following FTSE Russell's confirmation of the country's upgrade to an emerging market. While the short-term outlook remains positive, analysts caution about potential market slowdowns and profit-taking in late April and Q2.
The Vietnamese government proposes reducing environmental protection tax, VAT, and special consumption tax on gasoline, diesel, and jet fuel to zero until June 30th to mitigate global energy price impacts and control inflation. This policy, if approved by the National Assembly, would take effect from April 16th.
Vietnam is on track for a stock market upgrade to Secondary Emerging Market by September 2026, potentially attracting $3-25 billion in foreign capital and significantly boosting liquidity. However, experts caution that sustained market growth will ultimately depend on macroeconomic factors rather than the upgrade alone.
The US Federal Reserve's March meeting minutes reveal a growing openness among some members to consider raising interest rates, or at least not ruling out any options, due to persistent inflation and rising energy prices from the Middle East conflict. While many still view rate cuts as the base scenario, this shift in tone reflects concerns over inflation staying above the 2% target.
The Standing Committee of the National Assembly has agreed to submit a proposal to the National Assembly to significantly reduce environmental protection tax, VAT, and special consumption tax on gasoline, diesel, and jet fuel, effective from April 16 to June 30, to stabilize prices and curb inflation.
The Vietnamese government presented its 2026-2030 socio-economic development plan to the National Assembly, targeting over 10% average GDP growth and $8,500 per capita GDP by 2030. The plan outlines 11 key task groups focusing on institutional reform, macroeconomic stability, infrastructure development, and digital transformation.
Vietnam's stock market is experiencing euphoria after FTSE Russell confirmed its upgrade to Secondary Emerging Market by September 2026, expected to attract billions in foreign capital. This, coupled with easing geopolitical tensions, is seen as a long-term positive for the market, especially the VN30 and securities sector.
The Vietnamese government proposes a medium-term public investment plan of 8.22 quadrillion VND for 2026-2030, focusing on key national projects like high-speed railways and expressways. This significant investment aims to boost infrastructure development and economic growth, with the National Assembly set to vote on the plan by April 23.
Vietnam's inter-ministerial body announced a significant reduction in retail fuel prices, with RON 95-III decreasing by 2,990 VND/liter and diesel by up to 9,880 VND/liter, effective immediately. This adjustment, influenced by global oil price fluctuations, is expected to positively impact inflation and business operating costs.
ACB reported a strong Q1 pre-tax profit of 5,400 billion VND, up 17% year-on-year, completing 24% of its annual target. The bank also unveiled a 5-year internal strategy, C1425, with an estimated investment of 8,000-10,000 billion VND, primarily for technology.
Vietnamese textile and garment businesses are facing significant challenges including weak global demand, rising logistics and raw material costs, shrinking profit margins, and increasing policy risks. The industry is urged to restructure, increase localization, invest in technology, and diversify markets to maintain its global position amidst 'dripping' orders.
Prime Minister Le Minh Hung chaired the first meeting of the newly consolidated government, directing members to immediately implement key tasks including the 2026-2030 socio-economic development plan, resolving stalled projects, and strengthening science-technology development. This proactive stance aims to accelerate sustainable national development.
The Vietnamese government has issued a resolution to separate land compensation and resettlement for the $67 billion North-South high-speed rail project into independent projects for local implementation. Da Nang is projected to have the highest land clearance cost at 20.209 trillion VND, with other provinces and EVN also allocated significant funds for related works.
The Vietnamese government proposes to temporarily scrap environmental protection tax, VAT, and special consumption tax on various fuels until June-end to control inflation and achieve economic targets amidst rising global energy prices. This significant policy proposal will be considered by the National Assembly.
VnExpress International - Business
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