Morning Briefing, April 29: Japanese Prime Minister Takaichi Sanae to Visit Vietnam from May 1–3

Macroeconomic News:

• OPEC: The United Arab Emirates (UAE) will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) effective May 1, in a move seen as a major blow to the production-coordination alliance of the world’s largest oil producers, particularly in the Middle East.
• Japan: The Bank of Japan (BoJ) decided to keep its benchmark interest rate at 0.75%, as uncertainties stemming from the conflict in the Middle East and rising energy prices cast a shadow over the country’s economic outlook.
• Europe: The European Central Bank is waiting to assess whether the surge in inflation caused by the war in the Middle East is merely temporary or beginning to put pressure on economic growth.
• United States: According to the Wall Street Journal, President Trump has opted to extend sanctions on Iran rather than resume airstrikes or pursue diplomacy, betting that economic pressure will force Tehran to make concessions on nuclear issues. Negotiations are stalled, and officials warn the conflict could end without a deal and without escalating back into war.
• Vietnam: Japanese Prime Minister Takaichi Sanae will visit Vietnam from May 1–3, on her first official visit as head of government, with the aim of further deepening the Comprehensive Strategic Partnership between the two countries.
• Vietnam: Decision No. 738/QĐ-TTg aims to eliminate legal overlaps and ensure the consistency of the national energy plan.
• Vietnam: The Politburo has agreed to raise the base salary to 2.53 million VND effective July 1.

Market News:

• Vietnam: Although capital flows have begun to spread to other sectors, the market remains largely dependent on a specific group of stocks and lacks broad consensus. Investors should continue to maintain a cautious trading mindset.
• U.S. stocks fell on April 28 as the S&P 500 faced pressure from a report showing signs of weakness at OpenAI, coupled with rising oil prices.
• Gold prices plunged more than 2% to a nearly four-week low on April 28, as inflation concerns intensified after President Donald Trump expressed dissatisfaction with Iran’s latest proposal to end the war, while investors awaited this week’s Federal Reserve (Fed) policy meeting.
• DLG: has just released the materials for its 2025 Annual General Meeting of Shareholders, scheduled for May 17 in Gia Lai. The company stated that 2025 marks a significant milestone in its restructuring process, focusing on accelerating divestment, reducing debt, and redefining core business sectors to lay the foundation for a new growth phase centered on three pillars: Infrastructure, renewable energy, and real estate.
• Tam Tai Loc Import-Export Trading Joint Stock Company (hereinafter referred to as Tam Tai Loc) has successfully raised 5.7 trillion VND through a one-year bond issuance. The bonds, with the code LOC32601, have a face value of 100 million VND per bond, totaling 57,000 bonds, corresponding to a total issuance value of 5.7 trillion VND based on face value. The 1-year term matures on April 23, 2027, with an annual interest rate of 10% and is secured by collateral.

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Source: BIDV Securities (BSC)

Chung khoan BIDV (BSC)