VEF

SSI reported Q1/2026 pre-tax profit of VND 1,593 billion, up 52% YoY, alongside strong results from SAB (+51%), ANV (+64%), and NTP (+19%). VEFAC saw profit collapse 99% to VND 175 billion due to a high base from a project transfer, while PXM, DSP, and NOS remained loss-making.

VEF Q1/2026 net profit fell 99.1% to 140 billion VND, following a record 14,873 billion VND in Q1/2025 that included a one-time project transfer worth over 44,560 billion VND. The sharp decline underscores the non-recurring nature of that revenue, while total assets rose 30% to 30,514 billion VND.

Vinhomes (VHM) was the primary target of foreign selling on April 15, with a net outflow of VND 3,400 billion, accounting for the vast majority of the total VND 3,651 billion net foreign sell-off on HOSE. This occurred despite a 25-point rally in the VN-Index to 1,800, driven by other Vingroup affiliates, highlighting a sharp divergence in foreign sentiment within the blue-chip basket.