Summary of H1 2026 results and outlook of FPT Corporation (FPT VN) Net revenue rose 12.6% y/y on a like-for-like (LFL) basis, adjusted for the deconsolidation of FPT Telecom. Global IT services, which accounted for 72.0% of total revenue, increased 13.4% y/y as FPT began converting the stronger backlog recorded since H2/2025, when global clients […]
Interest rates have dominated Vietnam’s macro conversation for the past six months when bank deposit rate has increased ~200bps YTD. The concern is understandable. Higher-for-longer rates raise the cost of capital and, the worry goes, will eventually weigh on domestic activity. That debate is real and worth having. But there’s a less-discussed flip side that […]
Summary of H1 2026 results and outlook of VPBank (VPB VN) Net income surged 73.1% y/y, partly off a low base, supported by strong credit growth and fee income, while asset quality remained resilient. Total credit expanded 41.6% y/y, enabled by a higher credit quota following the bank’s participation in restructuring a weak bank. Growth […]
The Vietnamese government is undertaking a massive institutional overhaul of its public school network—slashing administrative units by 30% to 50% by late August 2026 and eliminating over 11,000 redundant school-level management structures. The most notable outcome? 11,000 principals and vice principals are being reassigned to full-time classroom teaching. Why this restructuring matters for public sector […]
Summary of H1 2026 results and outlook of Techcom Securities (TCX VN) Total operating income (TOI) increased by 15.8% y/y, led by investment banking (IB) and margin lending, which together make up around 76% of TOI. Margin lending (41% of TOI) rose 68.2% y/y, supported by a larger average lending balance following last year’s IPO […]
Data from EVNNPC shows that in H1 2026 alone, 8,500 new self-consumption rooftop solar systems were installed across 17 northern provinces—exceeding government development targets by 67%. Total capacity in the region has now crossed 718 MW across 10,000+ installations. What’s driving this accelerated deployment? Grid Resilience & Peak Shaving: Peak summer cooling demand coincides directly […]
Summary of H1 2026 results and outlook of Techcombank (TCB VN) Net profit increased 18.7% y/y, supported by solid credit expansion and a stronger contribution from fee income. Total credit grew 25.1% y/y, partly reflecting a temporary build-up in corporate bond holdings from bonds underwritten by securities subsidiary TCX that had yet to be distributed […]