Morning News, March 13: Gasoline Price Adjustment

Macroeconomic News

• United States: Initial jobless claims in the U.S. reached 213k (Forecast: 214k; previous: 214k).
• United States: The U.S. trade deficit for January was lower than expected.
• United States: Considering releasing over 170 million barrels from strategic oil reserves.
• United States: Temporarily allows the purchase of Russian oil currently at sea.
• IEA: IEA leadership confirms the release of 400 million barrels of oil from strategic reserves.
• Iran: Iran's new Supreme Leader declares continued closure of the Strait of Hormuz.
• China: China is said to have ordered an immediate halt to refined fuel exports in March to ensure domestic energy supplies, amid growing risks of oil supply disruptions from the Middle East.
• Vietnam: Constructing a road connecting Gia Binh Airport to the capital city of Hanoi (through Bac Ninh) on an emergency basis.
• Vietnam: Implementing the Son La - Dien Bien - Tay Trang border gate expressway project (phase 1) as a public investment project.
• Vietnam: On the evening of March 12, the Ministry of Industry and Trade and the Ministry of Finance announced an adjustment to the retail prices of gasoline and diesel, effective from 10 p.m. on the same day. The price of E5 gasoline decreased by nearly 450 VND per liter.
• Vietnam: The United States imposed preliminary anti-dumping duties of up to 130.77% on Vietnamese concrete reinforcing steel.

Market News

• Energy: Urea prices surge due to the "black swan" event – the conflict in the Middle East.
• VNM ETF sees strong net selling ahead of the week when portfolio review results are announced.
• HPG: Hoa Phat puts a 400,000-ton steel pipe production plant into operation.
• REE: REE reaffirms its ambition to triple its electricity capacity by 2030.
• HDG: The mother of the CEO registers to purchase 5 million shares.
• DIG: The family of the Chairman of the Board of Directors continues to sell more than 11.88 million shares.
• VHC: Vinh Hoan intends to repurchase 15 million shares.
• MWG: Dragon Capital is no longer a major shareholder of The Gioi Di Dong after selling 700,000 shares.
• ABB: ABBank completes capital increase to nearly 14 trillion VND.
• VCG: Vinaconex is expected to hold its 2026 Annual General Meeting of Shareholders on April 25.
• KBC: AIC and KBC partner to build a data center worth over USD 2 billion in Ho Chi Minh City.
• FTS: FPTS intends to borrow short-term funds from HDBank with a limit of VND 2.5 trillion to supplement/offset capital for government bond trading investments.
• HVN: Vietnam Airlines adds nearly 1,000 seats on European routes.

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Source: BIDV Securities (BSC)