Morning Briefing, April 17: Promoting the Comprehensive Strategic Partnership between Vietnam and Singapore

Macroeconomic News

• President Trump stated that the leaders of Israel and Lebanon have agreed to a 10-day ceasefire.
• China: Q1 2025 GDP grew 5% year-on-year
• South Korean President Lee Jae Myung and his wife will pay a state visit to Vietnam from April 21–24, 2026.
• Promoting the Comprehensive Strategic Partnership between Vietnam and Singapore
• Singapore’s Prime Minister: plans to increase the total number of VSIP industrial parks in Vietnam to 30 by 2026
• Canadian Ambassador to Vietnam: Ready to expand LNG supply, promote investment cooperation, and build long-term partnerships with Vietnam in the energy sector.
• Vietnam: The Ministry of Finance proposes that the Government set income thresholds for personal income tax and value-added tax exemptions for business households, rather than maintaining the current fixed threshold of 500 million VND. The Ministry of Finance also proposes raising the dependent income threshold to 3 million VND effective July 1
• Vietnam: Decree No. 85/2026/NĐ-CP allows pension funds to expand their investment portfolio in listed securities and reduce investments in government bonds. This is seen as a boost to complete the legal framework and promote sustainable market development
• Vietnam: The Tax and Customs Authority (Ministry of Finance) has issued an “urgent” circular to implement and guide businesses on the regulation reducing the tax rate on petroleum products to 0% effective April 16.

Market News

• VN-Index: closed at 1,819.83 points, up nearly 20 points. Market breadth leaned toward the negative side, with 13 out of 18 sectors declining, led by the sharpest drop in the Industrial Goods & Services sector. On the other hand, the Real Estate sector continued to rise by over 5%. This upward momentum is driven by a handful of stocks and is unlikely to be sustainable in the long term; therefore, investors should exercise caution when trading during this period.
• U.S. Stocks: S&P 500 Sets New Record; Nasdaq Records Longest Winning Streak Since 2009
• BVB: 2026 profit target up 34%, switching to the HOSE
• DHA: Sets revenue target of VND 385.6 billion and post-tax profit of VND 67 billion, down 12% and 39%, respectively. The primary cause stems from a significant decline in production at key mines.
• NovaGroup: Founder Bui Thanh Nhon hands over the role of Chairman to Mr. Bui Cao Nhat Quan
• Dat Xanh Group elects senior leadership just ahead of the AGM
• VPBank plans a private placement of shares for foreign shareholders
• HAG: Mr. Doan Nguyen Duc has completed the purchase of 4 million HAG shares, raising his ownership stake to nearly 25% just ahead of the 2026 Annual General Meeting
• VJC: The Government’s Standing Committee has issued a document providing feedback on the proposal to expand Vietjet’s role from an airline to include infrastructure investment.
• MSR: Chairman Danny Le believes that if the APT price reaches $2,000, the company could pay off all its debt by 2027, generate profits, and pay dividends

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Source: BIDV Securities (BSC)