Q1/2026: Gold +14%, VN-Index -6%, funds dispersed 13pp
A cold look back at a quarter where SJC gold led, VN-Index sat near the bottom, and two active equity funds stood 13.26 percentage points apart despite investing in the same market.
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.
Iran opens Hormuz, Brent -10.6%: 5 sector calls
On the night of Apr 17, Iran announced the full reopening of the Strait of Hormuz after a week-long blockade. Brent fell 10.6% to $88.88 — Vietnamese investors have 48 hours to rebalance before the Apr 20 session.
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.
Retail +1.27% on 17/4: MWG carries the whole basket alone
HOSE retail sector closed +1.27% on April 17, yet 14 of 22 stocks were flat and only MWG hit the ceiling. Thin breadth tells a story different from the index.
VN-Index holds 1,825: VIC alone balances three falling pillars
On the April 17 morning session, VN-Index still gained 5.89 points even as VHM, VPL and VRE reversed in sync. The question: who is propping up the index, and is the mid/small real-estate flow truly a rotation?
HAG before April 17 AGM: Chairman spends VND 136B, profit target doubles
Right before today's AGM, Chairman Doan Nguyen Duc spent about VND 136 billion to buy 9 million HAG shares. The company targets VND 4,202 billion in profit, double that of 2025, and will pay a cash dividend for the first time in 14 years.
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.
FPT Down 44% From Peak, AGM Maps Out Revival
Chairman Truong Gia Binh acknowledged shareholder pain at the April 16 AGM, while P/E dropped to 14.5x and the AI-First strategy enters a new phase.
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.
S&P 500 Hits Record High, VN-Index Crosses 1,800 on 2 Stocks
S&P 500 sets new all-time high at 7,022 points on strong US bank earnings. VN-Index crosses 1,800 but nearly all gains come from VIC and VHM, while 192 stocks decline.