Vietnam Market Insights Vietnam Market Insights
Market Brief

Vietnam Market Brief — Week 25, 2026

Vietnam Market Brief — Week 25, 2026

Overview

Vietnam’s markets faced regulatory scrutiny this week, with authorities uncovering major fraud schemes totaling trillions of dong and discovering significant audit deficiencies at major companies including steel producer Nam Kim Steel. On the macroeconomic front, the country’s trade deficit widened to $16.8 billion in the first half of 2026 due to imports growing faster than exports, though Vietnamese enterprises are increasingly shifting toward high-technology products and away from low-cost assembly operations. Regulatory adjustments to banking capital ratios and fiscal payment deadline extensions were proposed as measures to support economic growth, while experts noted Vietnam could face MSCI watchlist review depending on further market reforms.

Payments

Chuyên gia Ernst & Young: Tương lai ngân hàng số không nằm ở số lượng khách hàng, mà ở khả năng hiện diện trong từng giao dịch

EY expert Ravi Kittane discusses the future of digital banking, stating that profitability depends not on customer quantity but on transaction presence. Digital banks globally are transitioning from customer acquisition to monetization strategies. The solution involves transaction-centric banking models where embedded finance, data, and real-time experiences drive growth.

Logistics

Toàn cảnh đường vượt biển Cần Giờ - Vũng Tàu: Khép vòng hạ tầng chiến lược TP.HCM

Ho Chi Minh City’s People’s Council has approved an investment plan for the Can Gio-Vung Tau sea bridge, which will connect the two shores of Ghanh Rai Bay. This is Vietnam’s first project combining a bridge, tunnel entrance area, and undersea tunnel. The project represents Ho Chi Minh City’s ambition to complete a modern infrastructure loop following its recent administrative merger.

Tấp nập thi công đường huyết mạch kết nối sân bay Long Thành

Construction is progressing on Provincial Road 25C, a critical transportation artery connecting Long Thanh Airport in Dong Nai Province. Contractors have accelerated work by increasing shifts and labor following land acquisition. The project aims to establish key infrastructure linking the airport to the surrounding region.

  • Key figures: Road designation: Provincial Road 25C; Location: Dong Nai Province
  • Source: CafeF

Ngày mai, hơn 8 triệu người dân Hà Nội sẽ chứng kiến một cột mốc quan trọng lần đầu tiên xảy ra

Hanoi announced plans to simultaneously begin construction on five strategic urban rail transit lines (metro lines 1, 2, 8, 10, and 14) on June 22. This milestone marks a significant moment in the city’s transportation infrastructure development history. The five lines are described as having strategic roles in the city’s transportation network.

  • Key figures: Population of Hanoi witnessing milestone: over 8 million; Number of metro lines to be simultaneously commenced: 5; Metro line numbers: 1, 2, 8, 10, 14; Planned launch date: June 22
  • Source: CafeF

Siêu nút giao gần 2.400 tỷ đồng dần lộ diện ở phía Tây Hà Nội

A major interchange between Ring Road 3.5 and Thang Long Boulevard in western Hanoi is gradually taking shape after over a year of construction. The project includes a turbine-style branching bridge system and an underground tunnel approximately 1 km long. The Hanoi city government approved the project for implementation in the 2022-2026 period, with the goal of alleviating traffic congestion at the city’s western gateway.

  • Key figures: Project cost: nearly 2,400 billion VND; Underground tunnel length: approximately 1 km; Implementation period: 2022-2026; Construction duration so far: over 1 year
  • Source: CafeF

Regulation

Toàn cảnh vụ lừa đảo kỳ nghỉ rúng động dư luận năm 2026

A large-scale systematic holiday fraud scheme affecting over 3,300 Vietnamese citizens has been exposed, with authorities prosecuting nearly 400 suspects nationwide. The scheme resulted in losses exceeding 3.3 trillion VND, with many victims losing their life savings. A VTV journalist team’s investigation spanning over 4 years helped uncover what is described as the largest systematic fraud case in the country, primarily targeting middle-aged and elderly individuals.

  • Key figures: Total losses: 3.3 trillion VND; Number of suspects prosecuted: 400 persons; Investigation duration: 4 years; Estimated victims: 3,300 persons
  • Source: CafeF

UBCKNN phát hiện sai sót trọng yếu tại một doanh nghiệp thép lớn, hai kiểm toán viên PwC bị đình chỉ

The State Securities Commission (UBCKNN) discovered material accounting errors at a major steel enterprise, with two PwC auditors suspended. Despite the presence of material accounting errors in the consolidated financial statements, the company’s report received an unqualified audit opinion. Nam Kim Steel Joint Stock Company (code: NKG) recently announced receiving a letter from UBCKNN regarding its 2025 audited financial statements conducted by PwC Vietnam.

Ngăn chặn tình trạng mua bán trái phép hóa đơn, chứng từ

Vietnamese police have launched investigations and arrests targeting illegal invoice and document trading schemes. The Economic Police Department of Ho Chi Minh City arrested several subjects on April 30 for printing, distributing, and trading fraudulent invoices and government revenue documents. The schemes involve shell companies engaged in illegal invoice trafficking that has resulted in losses to the state budget in the hundreds of billions of dong.

Vietcombank cảnh báo khẩn về tin nhắn gửi tới khách hàng

Vietcombank has issued an urgent warning about fraudulent SMS messages being sent to customers impersonating the bank. Users have reported receiving SMS messages claiming to be from Vietcombank with notifications about expiring loyalty points, account information changes, and account lockouts. These messages typically request customers to access suspicious links.

Nới trần vốn ngắn hạn cho vay dài hạn: Cơ hội đi kèm rủi ro thanh khoản

The proposal to increase the ratio of short-term capital for medium and long-term lending from 30% to 40% is assessed by experts as an appropriate adjustment to current conditions, creating additional credit headroom for the economy. However, alongside opportunities to support growth are liquidity risks and maturity mismatches that the banking system must control carefully. The article discusses both the opportunities and risks associated with this regulatory adjustment.

  • Key figures: Proposed increase in short-term capital ratio for medium and long-term lending: 30% to 40%
  • Source: CafeF

Gia hạn thuế 125.000 tỉ đồng: Hiệu quả nhưng chưa đủ

Vietnam’s Finance Ministry is drafting a regulation to extend tax and land rental payment deadlines worth 125,000 billion Vietnamese dong. The extension is viewed as a flexible fiscal policy that improves cash flow and creates operational room for production and business activities. However, the measure is considered effective but insufficient to fully address current economic challenges.

  • Key figures: Tax and land rental payment extension: 125,000 billion Vietnamese dong
  • Source: CafeF

Thêm ‘Big 4’ dính lùm xùm chất lượng: Đình chỉ tư cách kiểm toán viên PwC vì hồ sơ Thép Nam Kim

PwC Vietnam’s audit work on Nam Kim Steel (NKG) for 2025 has been found deficient by the State Securities Commission’s quality review. The audit file on both separate and consolidated financial statements was deemed non-compliant with requirements. The auditors did not fully perform appropriate audit procedures as required.

Một doanh nghiệp điện bị phạt và chậm nộp hơn 9 tỷ tiền thuế

A major Vietnamese electricity generation company was penalized and has outstanding tax arrears exceeding 9 billion Vietnamese dong. Tổng Công ty Phát điện 3 (EVNGENCO3, ticker PGV) received a tax violation decision from the Large Enterprise Tax Division on June 15, 2026. The company holds a significant share of Vietnam’s total electricity generation capacity.

  • Key figures: Tax arrears and penalties: over 9 billion Vietnamese dong
  • Source: CafeF

Stock Market

Quỹ ngoại đua bán cổ phiếu, Thép Nam Kim bị ‘tuýt còi’

Foreign funds linked to Dragon Capital have sold millions of shares, while T-Corp Asset Management Company registered the sale of nearly 25 million shares in a subsidiary. The State Securities Commission sent Nam Kim Steel a notice regarding its 2025 financial report not meeting requirements.

  • Key figures: Shares registered for sale by T-Corp: Nearly 25 million shares
  • Source: CafeF

Chuyên gia dự báo thời điểm Việt Nam có thể vào “watch list” MSCI, chỉ ra bài học từ Thái Lan và Indonesia

Experts predict Vietnam could potentially be added to MSCI’s watch list and highlight lessons from Thailand and Indonesia’s experience with index inclusion. MSCI has acknowledged Vietnam’s efforts to reform infrastructure and operating mechanisms, though no positive indicators have appeared yet on its assessment scorecard. Thailand’s NVDR mechanism, which allows foreign investors to access fully-subscribed stocks, is cited as a notable precedent from regional peers.

Chuyên gia gợi ý 3 nhóm ngành dòng tiền tìm tới trong mùa kết quả kinh doanh quý 2

An expert discusses three industry groups expected to attract capital inflows during the Q2 earnings season. The Vietnamese stock market has not been included in MSCI’s short-term monitoring list, requiring priority focus on meeting FTSE Russell upgrade criteria. During the final trading week of June 2026, the market is experiencing low information flow with significantly reduced liquidity.

Dự báo lợi nhuận quý II ngành ngân hàng: Một nhà băng cao gấp rưỡi cùng kỳ, VietinBank có thể lãi gần 15.000 tỷ

Vietnamese banking sector’s Q2 2026 profit forecasts show divergent growth trajectories across institutions. MSB is projected to achieve the fastest growth at 48%, while VietinBank is expected to lead the system in absolute profit scale with approximately 15,000 billion Vietnamese dong in pre-tax profit. The banking sector continues to display varied performance across different players.

  • Key figures: MSB profit growth forecast: 48% percent; VietinBank pre-tax profit forecast: 15000 billion VND; Forecast period: Q2 2026 quarter
  • Source: CafeF

Sacombank muốn huy động lượng tiền lớn từ trái phiếu

Sacombank approved a plan to issue a maximum of 20,000 billion Vietnamese dong in bonds during 2026. The bank is seeking to raise a substantial amount of capital through private bond offerings. This decision was made by the bank’s board as part of its 2026 financing strategy.

  • Key figures: Maximum bond issuance plan 2026: 20,000 billion VND
  • Source: CafeF

Loạt ngân hàng tăng vốn điều lệ cả chục nghìn tỷ đồng

Multiple Vietnamese banks have received approval from the State Bank and their shareholders to increase charter capital. The article references several major banks including MB, Agribank, Vietcombank, BIDV, VietinBank, HDBank, and Sacombank undertaking capital increases. An Ernst & Young expert commented that the future of digital banking depends on transaction presence rather than customer quantity.

Macroeconomy

Những vấn đề đặt ra khi nhập siêu không phải do suy giảm xuất khẩu

Vietnam’s trade deficit of $16.8 billion in the first half of 2026 is not caused by declining exports, but rather by imports growing faster than exports. Total trade turnover from January to June 15 reached $496.65 billion, up 27% year-on-year, with exports at $239.93 billion (up 21%) and imports at $256.72 billion (up 33.1%). The trade deficit highlights concerns as Vietnam aims for double-digit growth driven by investment and exports.

  • Key figures: Total trade turnover (Jan 1 - Jun 15): 496.65 billion USD; Trade turnover growth: 27 %; Exports (Jan 1 - Jun 15): 239.93 billion USD; Export growth: 21 %
  • Source: TuoiTre

Doanh nghiệp Việt vươn lên làm chủ công nghệ

Vietnamese enterprises are increasingly moving into high-technology sectors and away from low-cost exports and assembly operations. More than one-third of Vietnam’s export value now comes from high-tech products including electronics, telecommunications, computers, and components. Domestic companies, ranging from traditional heavy industry groups to major digital technology firms, are demonstrating technological self-sufficiency capabilities in increasingly difficult fields.

  • Key figures: Share of high-tech products in Vietnam’s export value: More than 1/3 proportion
  • Source: ThanhNien

“Siêu công trình” điện gió 16.500 tỷ đồng, lớn bậc nhất Việt Nam

The Ea Nam Wind Power Plant represents one of Vietnam’s largest renewable energy projects. The facility is being developed on a 600-hectare area across multiple communes. This project is part of Vietnam’s broader renewable energy infrastructure expansion.

  • Key figures: Total investment value: 16,500 billion VND; Land area: 600 hectares
  • Source: CafeF

Hà Nội định vị thu hút đầu tư trong mô hình tăng trưởng mới

Hanoi is advancing its investment promotion strategy for 2026-2030, prioritizing high-tech projects, transportation infrastructure development, smart cities, and social housing. The shift focuses on moving from growth by volume to quality-driven growth. Hanoi positions itself as a leading investment center in the country.

Thông tin mới về tuyến cao tốc hơn 43.700 tỷ đồng, rút ngắn thời gian di chuyển Quy Nhơn - Pleiku còn 1,5 giờ

A new expressway project worth over 43,700 billion Vietnamese dong is under development to connect Quy Nhon and Pleiku. Upon completion, the expressway will reduce travel time between the two cities to 1.5 to 2 hours. The project represents a significant infrastructure investment for the region.

  • Key figures: Expressway project value: 43,700 billion Vietnamese dong; Travel time reduction: 1.5 to 2 hours
  • Source: CafeF

Summaries are AI-generated from public news sources and link to the originals. Neutral, factual, not investment advice.

Get the next insight in your inbox

One short weekly brief with new articles, tools, and practical market updates.

No spam. You can unsubscribe any time.