Market
Morning Briefing, April 8: Vietnam’s stock market officially upgraded to emerging market status
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 negotiations show limited progress ahead of the deadline set by U.S. President Donald Trump. On the U.S. side, President Trump continues to issue threats, while Iran has stated it will retaliate if the U.S. attacks.
- Vietnam: On April 7, 2026, General Secretary To Lam was elected President of the Socialist Republic of Vietnam for the 2026–2031 term.
- Vietnam: On April 7, 2026, Mr. Le Minh Hung was elected Prime Minister for the 2026–2031 term.
- Vietnam: Early on April 8, 2026, FTSE Russell officially confirmed the roadmap for upgrading Vietnam’s stock market. Vietnam will be included in the FTSE GEIS Index and related indices through a four-phase implementation process, beginning in September 2026 and concluding in September 2027. This phased approach is designed to ensure a smooth market transition, manage expected capital flows, and support NPF funding as well as sufficient liquidity throughout the inclusion process.
- Vietnam: The Minister of Finance issued Circular No. 40/2026/TT-BTC stipulating the exemption of certain fees and charges to support production and business operations in the transportation sector.
- Vietnam: The Governor of the State Bank of Vietnam has issued Circular No. 02/2026/TT-NHNN amending and supplementing certain provisions of Circular No. 35/2025/TT-NHNN regarding special loans for credit institutions.
Market News
- DXG: Dat Xanh plans to change the company’s name.
- VHC: Vinh Hoan has filed a request to repurchase 15 million shares to reduce its charter capital.
- IJC: Becamex IJC has injected additional capital into the unit implementing the Ho Chi Minh City – Thu Dau Mot – Chon Thanh Expressway Project.
- TCB: Techcombank expects profits of 35,000–37,500 billion VND and will not pay dividends in 2026.
- QNS: Quang Ngai Sugar is set to pay nearly VND 735.3 billion in dividends to shareholders.
- TTF: With an accumulated loss of 3,250.5 billion VND, Truong Thanh Wood will continue to not pay dividends in 2025.
- DBC: Dabaco Vietnam plans for net profit to decrease by 25.9% in 2026, to VND 1.117 trillion.
- SCS: Saigon Commodity Services JSC aims for record profits in 2026 and plans to issue ESOP shares to employees, according to documents prepared for the annual meeting on the morning of April 28.
- CII: CII continues to suspend dividends to focus resources on a series of projects totaling nearly VND 540,000 billion.
- ACB: The Au Lac Group has increased its ownership stake in ACB to over 5%.
- WSS: WSS remains cautious following a surge in profits in 2025 and aims to raise 1,000 billion VND through a private placement.
- LPB: LPBank raised over 1,000 billion VND from the first tranche of its public bond offering.
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Source: BIDV Securities (BSC)