Market Pulse

Morning Briefing, April 14: General Secretary and President To Lam Outlines Four Key Areas of Vietnam-China Cooperation in the New Phase

BIDV Securities (BSC) • April 14, 2026 08:44

Updates on global and Vietnamese macroeconomic developments, fluctuations in international and domestic stock markets, and notable news regarding listed companies.

Macroeconomic News

  • Saudi Arabia: Has fully restored oil pumping capacity through the East-West pipeline. This is Saudi Arabia’s sole crude oil export route amid the closure of the Strait of Hormuz for over a month.
  • Reuters: S&P Dow Jones Indices is launching a new credit default swap index linked to the private credit market. The CDX Financials Index includes a portfolio of 25 North American financial entities, spanning banks, insurance companies, real estate investment trusts (REITs), and business development companies (BDCs).
  • BlackRock: Earnings expectations have risen for both the U.S. and emerging markets (EM) in 2026 despite the conflict, driven by the artificial intelligence (AI) theme. BlackRock has also shifted to a more bullish stance on emerging market stocks and continues to prioritize theme-driven opportunities such as defense.
  • Official Upgrade of Vietnam-Slovakia Relations to Strategic Partnership
  • Central Committee: Agreed on objectives and targets to achieve double-digit economic growth to fulfill the nation’s two 100-year strategic goals.
  • General Secretary and President To Lam outlined four key areas of Vietnam-China cooperation in the new phase, including: Strengthening the political foundation; Promoting substantive cooperation; Deepening the social foundation; and Continuing to maintain a peaceful and stable environment, effectively managing disagreements, and appropriately addressing outstanding issues.
  • Prime Minister Le Minh Hung: Requires ministries to submit proposals for streamlining administrative procedures and business conditions by April 20.

Market News

  • VN-Index: fluctuated between 1,733 and 1,766 before closing at 1,758.96 points, up nearly 9 points from the previous session. Market breadth was fairly balanced, with 9 out of 18 sectors gaining ground, led by the Real Estate sector. The market lacks consensus, and low liquidity indicates that investor sentiment remains cautious.
  • U.S. Stocks: The S&P 500 turned higher during the session as investors anticipated that the U.S. and Iran would eventually reach an agreement.
  • VHM: The Chairman of Vinhomes believes the real estate market is entering a phase of selective recovery
  • BSR: Activated emergency protocols following the outbreak of the Middle East conflict and currently has sufficient crude oil reserves to operate for at least the next three months. Q1 profits exceeded the annual plan
  • BMS: Bao Minh Securities files for listing on the Ho Chi Minh Stock Exchange (HOSE), targeting a 97% profit increase
  • DCM: Achieved revenue of 5.37 trillion VND and pre-tax profit of 837 billion VND, far exceeding the quarterly plan.
  • VCK: In Q1 2026, VPS Securities reported a profit of VND 1.547 trillion, up 68%, continuing to lead market share across all exchanges
  • SIP: Seeks to reclassify VND 328.9 billion to retained earnings
  • TNG: VinaCapital Group becomes a major shareholder in TNG
  • VGT: Estimated Q1 profit up 31%, focusing on fulfilling U.S. orders while tariff conditions remain favorable

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Source: BIDV Securities (BSC)

Chung khoan BIDV (BSC)