Market
Morning News 27/2: Ministry of Finance updates 3 inflation scenarios for 2026
Updates on global and Vietnamese macroeconomic developments, international and domestic stock market movements, and notable information about listed companies
Macroeconomic News
- China: China's two annual meetings in 2026 take place in a particularly important context, as they not only set economic targets for the coming year but also serve as a stepping stone for the 15th Five-Year Plan (2026-2030). The market's focus will be on the government work report presented by Premier Li Qiang, which is expected to announce GDP growth targets and macroeconomic policy directions. Analysts are debating whether Beijing will lower its growth target from "around 5%" to the 4.5%-5% range, thereby formalizing the shift to a "high-quality growth" model and reducing pressure to roll out a large-scale stimulus package.
- Eurozone: Official data just released shows that economic confidence declined slightly in February, remaining below the long-term average (100 points). Hopes for a rapid recovery have been dashed as employment expectations have fallen, along with simultaneous declines in both the industrial and service sectors.
- Vietnam: From March 1, several new laws came into effect, focusing on business recovery, improving the investment environment, etc.
- Vietnam: The Ministry of Finance has updated three inflation scenarios for 2026. Specifically: Scenario 1 forecasts that the average CPI in 2026 will increase by about 3.6% compared to 2025. Scenario 2: The average CPI in 2026 is forecast to increase by about 4.10% compared to 2025. Scenario 3: The average CPI in 2026 is forecast to increase by about 4.6% compared to 2025.
- Vietnam: The Ministry of Natural Resources and Environment has just issued Circular 11/2026/TT-BNNMT regulating the management and operation of the National Registry System for Greenhouse Gas Emission Quotas and Carbon Credits.
Market News
- VN-Index: The market returned to a state of uncertainty, with the upward momentum lacking market consensus. In the short term, volatility may occur as the market approaches the old resistance zone of 1,880 – 1,900.
- US stocks corrected on February 26 as the latest earnings results from Nvidia and Salesforce were not enough to support the broader market.
- During the February 26 trading session, the Japanese and South Korean stock markets both set new record highs in Asia, driven by the prospects of the AI industry following outstanding earnings reports.
- According to data compiled by VBMA from HNX and SSC, as of January 31, 2026, there was one private bond issuance worth VND 190 billion and three public issuances worth VND 3,521 billion in January 2026.
- KBC: acting as the investor without going through a bidding process to implement the social housing project in Phuong Mao 2 ward, Que Vo town (now Phuong Lieu ward).
- The cooperation between Gelex Infra (HOSE: GEL) and PetroVietnam General Services Corporation (HOSE: PET) took place in a noteworthy context, as both companies are at a pivotal stage in their development. However, the documents did not disclose details about the related projects.
Source: BIDV Securities (BSC)