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MORNING BULLETIN, MAY 29: Disbursement from the State Budget has reached 18% of the Prime Minister’s target

BIDV Securities (BSC) • May 29, 2026 1:40 PM

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

Detailed Report

Macroeconomic News:

  • United States: April core PCE inflation rose as expected. Core PCE (y/y): 3.3% (Forecast: 3.3%, Previous: 3.2%). Total PCE (y/y): 3.8% (Forecast: 3.8%).
  • United States: U.S. new home sales in April came in below estimates. New home sales: 622,000 units (seasonally adjusted annual rate), compared to an estimate of 665,000 units, down -6.2% m/m and down -11.3% y/y.
  • Europe: The Eurozone Economic Sentiment Index improved slightly in May, but headwinds remain. Economic Sentiment: 93.5 vs. 92.8 as forecast.
  • U.S.-Iran: According to Axios, the U.S. and Iran have reached a 60-day interim Memorandum of Understanding (MOU).
  • Vietnam: General Secretary and President To Lam and his wife began a state visit to the Republic of Singapore.
  • Vietnam: According to a report by the Ministry of Finance, disbursements from the beginning of the year through May 21, 2026, totaled 182,544.8 billion VND, reaching 18% of the Prime Minister’s assigned plan.
  • Vietnam: Vietnam Airlines announced a direct flight route between Ho Chi Minh City and Phuket, expanding its strategic cooperation in Thailand.
  • Vietnam: Prices of all petroleum products decreased by over 1,000 VND per liter (kg) during the price adjustment on the afternoon of May 28.
  • Vietnam: Streamlined administrative procedures have led to a significant increase in cargo volume through seaports in the first five months of the year; specifically, cargo throughput at seaports grew by 15%.
  • Vietnam: The Hanoi People’s Committee proposes converting social housing and resettlement housing into commercial housing.

Market News:

  • The S&P 500 and Nasdaq set new records. Oil prices reversed course and fell following positive news regarding U.S.-Iran negotiations. Global gold prices narrowed their decline after U.S. inflation data.
  • DMX: Green Electrical Appliances Investment Joint Stock Company (DMX) held a roadshow in Ho Chi Minh City, planning to issue 179.5 million shares in an IPO to raise 14.36 trillion VND.
  • LTG: Loc Troi shares were removed from the watchlist effective June 1.
  • DIG: The family of the Chairman of DIC Corp (DIG) had nearly 1.8 million shares sold in a margin call.
  • SZN: The Head of the Sonadezi Audit Committee has been indicted and detained.
  • VIC: Vingroup restructures Vinfast, establishing a new legal entity with a charter capital of over 5.183 trillion VND.
  • MSN: Masan’s CEO explains the integration strategy aimed at optimizing the entire consumer value chain.
  • AAN: After listing, A An Food shares hit the daily price limit for five consecutive sessions; HOSE requests an explanation.
  • VNE: On May 27, the Ho Chi Minh City Stock Exchange (HOSE) issued Decision No. 494 regarding the delisting of VNE shares of Vietnam National Electric Construction Corporation (VNECO).
  • CTF: City Auto AGM: Aiming to accelerate growth with VinFast; Chairman Tran Ngoc Dan steps down from the Board of Directors.
  • KDC: KIDO AGM: Strengthening joint venture partnerships to expand product lines and bring Tuong An back to the market.

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Source: BIDV Securities (BSC)

Chung khoan BIDV (BSC)