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MORNING BULLETIN, MAY 28: Ho Chi Minh City Leaders Urge Agencies to Accelerate Resolution of Obstacles in 155 Projects
Updates on global and Vietnamese macroeconomic developments, fluctuations in international and domestic stock markets, and notable news regarding listed companies.
Detailed Report
Macroeconomic News:
- Iran: Iran announced it has obtained the initial draft framework of the Memorandum of Understanding with the U.S.
- New Zealand: The Reserve Bank of New Zealand (RBNZ) kept its policy interest rate unchanged at 2.25%.
- France: French consumer confidence has fallen to its lowest level since March 2023.
- Japan: Two officials from the Bank of Japan (BOJ) signaled on May 27 that they are preparing for the next interest rate hike.
- Vietnam: General Secretary and President To Lam: Vietnam is creating favorable conditions for Thai businesses to expand their investments.
- Vietnam: Prime Minister Le Minh Hung: Dong Thap needs to identify a new growth model.
- Vietnam: Leaders of Vinh Long Province have instructed investors, construction firms, and local authorities to urgently resolve bottlenecks in land clearance, construction materials, and investment procedures to accelerate the disbursement of public investment funds.
- Vietnam: Amid heatwaves and electricity supply pressures, the Ministry of Industry and Trade proposes immediately implementing a new time-of-use pricing framework starting from the 2026 dry season.
- Vietnam: Ho Chi Minh City leaders are urging agencies to accelerate efforts to resolve issues in 155 projects.
- Vietnam: Hanoi is promoting the development of rental housing, with plans to break ground on more than 27,000 social housing units in 2026.
- Vietnam: Samsung is building its first chip testing plant in Vietnam, with an investment of $1.5 billion.
Market News:
- The Dow Jones hits a new record as oil prices cool off.
- Global gold prices hit a two-month low.
- FRT: FPT Retail is set to issue over 8.5 million shares as dividend payments for 2025.
- HUT: Tasco (HUT) is set to issue bonds to raise 3,560.95 billion VND.
- BRC: Ben Thanh Rubber (BRC): Chairman of the Board of Directors Resigns; Cautious Business Plan for 2026.
- CMG: CMC Technology Group (CMG) has been fined over 225 million VND for multiple violations.
- PXL: Long Son PIC Annual General Meeting – Focusing on resolving accounts receivable and implementing the Long Son Oil and Gas Industrial Park project.
- DMX: The CEO of Dien May Xanh (DMX) plans to spend 160 billion VND to purchase 2 million shares during the IPO.
- NDN: Leaders of Da Nang House (NDN) have registered to purchase an additional 740,000 shares.
- ACB: ACB approves a capital increase for ACBS to 13,000 billion VND.
- GVR: Despite rising rubber prices, industry giant GVR remains cautious about its 2026 plans.
- CCC: CDC Construction faces tax reassessment and penalties totaling over 1.5 billion VND.
- FLC aims to return to the stock market; Mr. Trinh Van Quyet is part of the new holding company structure.
- EIB: Eximbank continues to make changes to its senior management.
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Source: BIDV Securities (BSC)