Morning News 11/2: Deposit interest rates continue to rise ahead of the Lunar New Year

Macroeconomic News

United States: Total retail sales for December 2025: 0.0% m/m (forecast: +0.4%; previous month: +0.6%); control group: -0.1% m/m (forecast: +0.4%; previous month: +0.4%).

United States: Total business inventories for November 2025: +0.1% m/m (forecast: +0.2%; previous period: +0.2%). The data reflects businesses' caution in the face of trade policy volatility and weak consumer demand.

United States: Employment Cost Index (ECI) for Q4: +0.7% q/q (forecast: +0.8%; previous quarter: +0.8%). Employee benefit costs: +0.7% q/q (previous quarter: +0.8%). Employee wages: +0.7% q/q (previous quarter: +0.8%).

Eurozone: ECB Vice President Luis de Guindos said the recent rise of the euro is a noteworthy development but not yet a cause for concern, emphasizing that the ECB does not target exchange rates but still monitors them closely due to their impact on inflation.

United States - India: The US and India have reached a comprehensive trade agreement that includes $500 billion in purchases, tariff cuts, and digital trade, reshaping bilateral trade relations.

Japan: The government is expected to submit nominations for new Bank of Japan (BoJ) members to the Diet as early as February 25, to replace Asahi Noguchi, whose term ends in late March.

Vietnam: The State Treasury's deposit balance at state-owned commercial banks has reached over 400,000 billion VND.

Vietnam: Deposit interest rates continue to rise ahead of the Lunar New Year.

Market news

VN-Index: Volatile trading with low liquidity is likely to continue throughout this week; the trend may become clearer in the new lunar year.

LIX: Approved the plan for Q1/2026, with an industrial production value of VND 804 billion, net revenue of VND 849 billion, and pre-tax profit of VND 50 billion.

EIB: Announced that March 25 is the record date for shareholders to exercise their rights to attend and vote at the AGM scheduled for April 28 in Hanoi.

CTD: Announced the successful sale of 14 million bonds, with a total value of VND 1,400 billion. The bonds have a 3-year maturity and a fixed interest rate of 9% per annum.

GDA: Preparing to establish a new legal entity operating in the real estate sector, according to a board resolution issued in early February.

HSG: After just over two years, HSG has decided to significantly reduce its ownership stake in Hoa Sen Saigon Joint Stock Company from 40% to 10%.

THD: Issued a resolution to approve the registration to purchase shares in the offering to existing shareholders of LPB Fund Management Joint Stock Company (LPBA).

VTH: After having 300,000 shares remaining from the first round, VTH completed the distribution of 100% of the private placement, raising VND 30 billion to repay bank loans.

MPC: Closed 2025 with a net profit of over VND 533 billion, a sharp reversal from the record loss of VND 240 billion the previous year, driven primarily by the final quarter.

Source: BIDV Securities (BSC)