Market
Morning Briefing, March 27: The National Assembly will elect the President, Prime Minister, and Chairperson of the National Assembly for the new term at its first session
Updates on global and Vietnamese macroeconomic developments, fluctuations in international and domestic stock markets, and notable news regarding listed companies.
Macroeconomic News
- U.S. - Iran: President Trump pledged not to target Iran’s energy facilities until April 6, helping to somewhat ease market sentiment that had been unstable following nearly a month of conflict. He also noted that Iran had allowed 10 oil tankers to pass through the Strait of Hormuz this week as a “gesture of goodwill” toward the U.S. Meanwhile, Iran confirmed it had rejected the U.S. 15-point plan to end the conflict and presented its own conditions, including recognition of Tehran’s control over the Strait of Hormuz.
- Russia: Under regulations effective May 1, 2026, individuals may carry a maximum of 100 grams of gold out of the country, reflecting the government’s concern that gold is being used as an alternative to foreign currency in illegal activities, including money laundering and capital flight.
- Vietnam: The National Assembly will elect the President of the State, Prime Minister, Chairman of the National Assembly, Vice Chairmen of the National Assembly, and Deputy Prime Ministers for the 2026–2031 term at its first session, scheduled for early April.
- Vietnam: On the morning of March 26, Prime Minister Pham Minh Chinh met with the Energy Security Task Force to discuss measures in response to the complex developments of the military conflict in the Middle East. The Prime Minister continued to direct measures to ensure no shortage of fuel supplies and to quickly enhance energy self-reliance, immediately initiating the construction of a strategic fuel reserve at Nghi Son (Thanh Hoa).
- Vietnam: Ho Chi Minh City sets a target to attract 11 billion USD in foreign direct investment amid new challenges.
Market News
- Vietnam Stock Market: The market is seeking equilibrium within the 1,600–1,725 range; currently, it faces resistance at 1,645–1,660 and must break through this level to return to the 1,700–1,725 range.
- Wall Street fell sharply on March 26 as oil prices rebounded and investors grew skeptical about the prospects for negotiations between the U.S. and Iran.
- Oil prices surged on March 26 after Iran signaled it had no intention of engaging in direct negotiations with the U.S., even though Tehran’s leadership is reportedly considering Washington’s proposal to end hostilities.
- Gold prices fell on March 26 as the U.S. dollar strengthened and oil prices rose, fueling concerns that inflation would remain high and that interest rates would stay elevated for an extended period.
- VIMC plans to contribute 13.839 trillion VND to form a joint venture with Saigon Port and Terminal Investment Limited Holding S.A. to develop the Can Gio International Transshipment Port. For the 2026–2030 period alone, the capital injection is expected to exceed 4.1 trillion VND according to the investment schedule.
- MSR: has just released materials for its 2026 Annual General Meeting (AGM), including proposals on: Business Plan, ESOP share issuance, dividend distribution, and listing on the HOSE…
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Source: BIDV Securities (BSC)