Hormuz flips in 24 hours: 3 Brent scenarios for Apr 20
Within 24 hours, Iran moved from 'fully open' back to 'prior state'. Three concrete scenarios for Brent and Vietnam's oil & gas stocks for the week of Apr 20-24.
SJC bucks the world: Decree 24 is repricing the premium
SPDR bought 13.4 tonnes net, world gold rose 2.74% in the week of Apr 13-17, yet SJC bars fell 0.29%. The SJC-world spread has shed nearly one-third in just over two weeks — and behind that number is a policy being rewritten.
HCMC remittances fall 16.9%: A soft USD cushion thins
In Q1/2026, remittances into Ho Chi Minh City posted their first double-digit decline in years. The 16.9% YoY drop is not drama — but it adds another layer of pressure on Vietnam's exchange rate and USD supply.
MB admits market is short of cash: Three mechanisms squeezing bank NIM in 2026
MB's credit grew ~4.5x faster than deposits in Q1/2026, yet 29 banks simultaneously cut savings rates. Three structural mechanisms are shaping bank profits this year.
VIX 17 isn't the yearly low: BDI and copper say otherwise
VIX falling 32.7% in 30 days has fueled a 'peak greed' narrative. But Baltic Dry's 11-session winning streak and LME copper inventory at an 8-year high tell a different — messier and more useful — story about the global trade cycle.
29 banks cut deposit rates, 2026 hike pressure still looms
On April 9, the SBV Governor met with commercial banks and 29 lenders cut deposit rates. FiinRatings simultaneously warned that liquidity pressure could push rates back up by 0.5-1 percentage point in 2026.
Silver Deficit Hits 6 Years, Vietnam Retail Premium at 22%
The World Silver Survey 2026 confirms a sixth consecutive year of supply deficit. But for Vietnamese retail investors, the real friction lies in the 22% premium of domestic silver bars over the world price.
Europe Running Out of Jet Fuel: 3 Scenarios for Vietnam's Oil Prices
The IEA warns Europe has just 6 weeks of jet fuel left. Vietnam's diesel has surged 65%, kerosene 91%. Three scenarios over the next 6 weeks will determine domestic fuel prices.
Pension Funds Can Now Buy Stocks: The Signal Matters More Than the Size
Decree 85/2026 allows Vietnam's supplementary pension funds to invest in listed stocks from May 10. The VND 2,200 billion pool is small, but the policy signal and growth trajectory are what investors should watch.
TSMC Earns $18B Record, Snap Cuts 16%: AI Splits Tech
Same catalyst, opposite outcomes. TSMC posts record profits while Snapchat cuts 1,000 staff. What this AI-driven divergence means for Vietnamese investors.
VN-Index +7.5% Yet Far Behind Nikkei, KOSPI: 3 Layers of Explanation
Riding the same regional risk-on wave, VN-Index gained 7.5% in the past month but trailed Nikkei by 9 percentage points. Three structural layers explain the gap.
China's 5% GDP, Three Metals React Three Different Ways
Same Q1 GDP catalyst beat expectations, yet copper and nickel surged nearly 6% while HRC steel barely moved. Supply-demand structure of each metal tells the full story.
DXY Down 7 Straight Sessions: When Confidence in the Fed Wavers
The US Dollar Index fell for seven consecutive sessions, dropping to the 98-point zone. Behind this isn't just a technical correction — it's a crisis of Fed independence with direct consequences for Vietnam.
US Refunds $166B in Tariffs: Textiles Lead Vietnam's Beneficiaries
The CAPE system launches April 20, opening the door to $166B in IEEPA tariff refunds. Vietnam receives the largest tariff cut — from 46% to 10% — but the window lasts only 150 days.
US PPI at 4%, but core inflation rose just 0.1%
The March 2026 PPI report paints two completely different inflation pictures. Headline jumped 4% on energy, but the core barely moved. Which number did Wall Street choose to follow?