MORNING NEWSLETTER, AUGUST 26: FTSE Russell Releases FAQ Document v1.3 on Vietnam

Detailed Report

Macroeconomic News

• Canada imposes tariffs ranging from 15% to 50% on approximately $USD 20 billion s of U.S. goods; Canada will increase tariffs on U.S. steel products from 25% to 50%.
• Iran and Oman have outlined a proposal to jointly establish a temporary maritime route through the Strait of Hormuz, following weeks of tense discussions.
• U.S. Reviews Tariffs on Vietnamese Honey, Solar Panels, and Woven Bags
• United States: Sales of new single-family homes fell 10.5% (MoM), to a seasonally adjusted annual rate of 607,000 units in July 2026. This marks the sharpest decline and the lowest level since January, falling short of market expectations for a milder drop to 620,000 homes.
• Reuters: The BoJ is expected to raise interest rates to 1.25% as early as September as the yen continues to weaken
• FTSE Russell: Updated FAQ document v1.3 on Vietnam. Accordingly, Vietnam’s weightings in the four FTSE indices mentioned are: (1) FTSE Global All Cap: 0.0490%; (2) FTSE Emerging All-Cap: 0.4880%; (3) FTSE All-World: 0.0311%; and (4) FTSE Emerging: 0.3089%
• Vietnam and Ivory Coast have agreed to promote economic, trade, and investment cooperation; diversify import and export goods; and facilitate opportunities for Vietnamese businesses to expand their investments and access the West African market…
• Vietnam: General Secretary and President: Developing a social housing model to care for elderly singles and the lonely
• Vietnam: The Ministry of Industry and Trade is seeking public comment on a draft amendment to Circular 09/2025 regarding methods for determining and approving the pricing framework for electricity generation and imports, which currently outlines two options for solar energy. Option 1 determines prices based on socio-economic zones as defined in the National Master Plan for each period. Option 2 applies prices based on the specific territory of each province or city

Market News

• VN-Index: Buying pressure in the morning session helped the index successfully break through the 1,800-point mark and rise to the 1,810-point range, before selling pressure returned, pushing the index back to close at 1,791.41 points, up slightly by 2.63 points.
• The market has yet to establish a clear trend; investors are advised to continue trading cautiously during this period.
• United States: The S&P 500 rose slightly on August 25 as U.S. Treasury yields fell for the second consecutive session. Gains in semiconductor stocks helped the Nasdaq Composite rise more sharply.
• VHM: Vinhomes aims to raise VND 1 trillion from bond issuance to clear land for the Hanoi International Sports Urban Area
• Hoang Anh Gia Lai International Investment Joint Stock Company (HGI) approved an initial public offering (IPO) to increase equity and reduce its bank debt ratio
• BSI: Signed a joint venture cooperation agreement with Amova Asset Management Co., Ltd., a member of the Sumitomo Mitsui Trust Group, with the aim of contributing capital to establish a fund management company in Vietnam.
• VCI: Mr. To Hai has completed the purchase of 31 million Vietcap shares, bringing his total holdings to VND 4.6 trillion
• By 2028, the joint venture between HAH and VSC aims to increase the total carrying capacity of its container fleet to approximately 22,000 TEU
• TCH: The Hai Phong City People’s Committee has just allocated more than 16,177 m² of land in Le Chan Ward to implement an urban renewal project featuring a residential complex combined with a commercial and service center at the 150 To Hieu site.

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Source: BIDV Securities (BSC)