Morning Briefing, April 15: Credit growth reaches 3.18% by the end of Q1 2026

Macroeconomic News

• IMF: Forecasts global economic growth for 2026 at 3.1%, lower than the 3.3% figure in the previous quarter’s report. Under this scenario, the IMF maintains its forecast for global economic growth in 2027 at 3.2%.
• International Energy Agency (IEA): Forecasts global oil demand to decline by 80,000 barrels per day in 2026, a complete reversal from the previous forecast of a 640,000-barrel-per-day increase. Global oil supply is expected to decrease by 1.5 million barrels per day this year, contrary to last month’s forecast of a 1.1 million-barrel-per-day increase.
• Vietnam has been rated by the London Stock Exchange (LSE) as a “very noteworthy story,” particularly given its double-digit growth targets and expectations for a market upgrade.
• Government: Issued Directive No. 401/TTg-KTTH requiring ministries, sectors, and localities to focus on directing the allocation, assignment of plans, and accelerating the disbursement of public investment capital for 2026, given that only about 11.2% of the plan had been disbursed by early April, with total public investment capital exceeding 1 million billion VND
• State Bank of Vietnam: As of March 31, 2026, total credit outstanding across the system reached over 19.18 million billion VND, up 3.18% from the end of 2025. The State Bank of Vietnam will closely monitor credit growth and adjust credit growth targets upward or downward as needed.
• State Bank of Vietnam: Has received 11 applications for licenses to produce gold bars.
• Ministry of Home Affairs: Officially launched the National Job Exchange at vieclam.gov.vn.

Market News

• VN-Index: Traded within a range of 1,765–1,785 during the day and closed at 1,775.65 points, up nearly 17 points. The market continues to trade without consensus, featuring short-term rallies accompanied by consolidation; investors should trade cautiously during this period until a new trend is confirmed by market liquidity.
• U.S. Stocks: Flooded with green as expectations for U.S.-Iran talks rise
• VPB: Partners with OKX, Officially Expanding into Digital Assets and Blockchain
• ACV: Ceases operations at the Phu Quoc International Airport Branch. The decision takes effect as of April 13.
• VOS: Approves spending up to $104 million to build two new ships
• DatVietVAC has filed for an IPO, targeting 780 billion VND in profit by 2030
• PNJ has finalized the rights issue for bonus shares at a 2:1 ratio
• NKG: The Chairman of the Board of Directors’ son intends to purchase an additional 5 million shares
• TAL: Contributes capital to establish an infrastructure investment company in Bac Ninh
• BWE: Plans to issue over 31.4 million additional shares
• VIC: is proceeding with an international bond issuance worth $350 million after filing for listing on the Vienna Stock Exchange (Austria) on April 9.
• BAF: Proposing a dividend payout plan and a stock bonus issuance at a 20% ratio

View other reports & investment recommendations here.

Source: BIDV Securities (BSC)