精选新闻

Market Traders 2026/08/25: Foreign investors continued net selling
By investor group, trading activity among both domestic retail and institutional investors declined, falling 6.6% and 20.3%, respectively, compared with the previous week.2026年8月25日

Covered warrant 2026/08/25: Cautious performance
During the week, the covered warrant market showed relatively weak performance, as liquidity declined slightly and the number of declining warrants continued to outnumber gainers. In contrast, the underlying market performed positively, with the index rising strongly by 2.2% for the week, highlighting the divergence between the two markets.2026年8月25日
![NKG – Brief – [NONRATED] – 2Q26_Exports are recovering](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fxfhba202%2Fnkg.jpg%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
NKG – Brief – [NONRATED] – 2Q26_Exports are recovering
In 2Q26, NKG recorded revenue of VND4,150bn, up 9.0% YoY and 27.3% QoQ. Total sales volume in 2Q26 reached 203 thousand tons, up 1.0% YoY. Average selling price was recorded at USD775/ton, +5.7% YoY or +16% QoQ. NPAT was recorded at VND103bn, +12% YoY and +378% QoQ.2026年8月25日

34W26: SBV extends net liquidity withdrawal as USDVND continues to ease
During 34W26, the SBV extended its net liquidity withdrawal for a second consecutive week via open market operations as banking system liquidity pressures continued to subside, supported by favorable regulatory adjustments. On the interbank market, the yield curve steepened as short-term rates dropped sharply while middle-tenor rates edged higher and average daily trading value expanded. On the FX front, the USDVND decreased, moving in tandem with a softer U.S. dollar following expanded U.S. Treasury buybacks and euro strength, despite continued foreign net selling on the HoSE totaling VND2.66tn.2026年8月24日

Chart of the day 2026/08/24: A breakout session
The uptrend may return given the sharp rise in liquidity in last week's final session. However, further confirmation signals remain necessary. Investors should therefore wait for these signals before reopening new positions.2026年8月24日

Derivatives 2026/08/24: Cash flow returns
The uptrend may return, but additional confirmation signals warrant further observation. Traders may therefore reopen Long positions once these signals appear.2026年8月24日

Market commentary 2026/08/24: Market breakout
The market posted a strong gain alongside a significant increase in liquidity, indicating that capital flows were supportive of the rally and trading sentiment improved. In addition, the index's move back above its 10- and 20-period moving averages represents a positive technical signal, reinforcing the potential for the short-term recovery to continue.2026年8月24日

Market commentary 2026/08/21: Liquidity continued to weaken
The market returned to positive territory, although liquidity continued to decline, indicating that capital flows remained cautious and have yet to show clear confirmation of the recovery. In addition, the index has yet to reclaim its key moving averages; therefore, the current rebound signal is not sufficiently convincing to confirm a clear improvement in the trend.2026年8月21日

Derivatives 2026/08/21: Selling pressure persists
The signals still lack consistency. Traders should therefore remain cautious and wait for further confirmation in the next session before reopening new positions.2026年8月21日
![FRT - Brief - [NONRATED] - 2Q26: FPT Shop restructures efficiently, Long Chau delivers stable growth](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fepqdxxws%2Ffrt.png%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
FRT - Brief - [NONRATED] - 2Q26: FPT Shop restructures efficiently, Long Chau delivers stable growth
In 2Q26, FRT recorded revenue of VND15,626bn (+37.2% YoY and +3.4% QoQ) and operating profit of VND598bn (+152% YoY or +26% QoQ). QoQ growth was mainly driven by the efficient expansion of the Long Chau chain, while the FPT Shop chain trended sideways2026年8月21日
![CTG-Breif-[NONRATED]- 2Q26: Robust Performance](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2F3w4hv2ba%2Fctg.jpg%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
CTG-Breif-[NONRATED]- 2Q26: Robust Performance
2Q26 PAT surged +21% YoY to VND 11,783bn, driven by robust net interest and service fee income alongside well-controlled operating expenses. 1H26 earnings rose +36%yoy to VND20,744bn, accounting for 57% of full-year 2026 guidance.2026年8月21日

Market commentary 2026/08/20: Low liquidity
The market declined amid low liquidity, indicating that capital flows remained cautious. Meanwhile, the index's failure to recover above its short-term moving averages suggests that the short-term trend has yet to show a clear improvement, while downside risks remain.2026年8月20日

Derivatives 2026/08/20: Caution persists
The signals remain inconsistent. Traders should therefore stay cautious and wait for further confirmation in the next session before opening new positions.2026年8月20日
![REE - Brief - [NONRATED] - 2Q26: M&E boosted profit growth](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fl4cnrart%2Free.jpg%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
REE - Brief - [NONRATED] - 2Q26: M&E boosted profit growth
In 2Q26, revenue reached VND2,431bn (-3% yoy), mainly supported by the office leasing and M&E segments, offsetting weaker revenue from property development. Gross profit reached VND924bn (+8% yoy), with the gross margin improving to 38.0% (+4.1%p yoy)2026年8月20日

Market commentary 2026/08/19: Market recovery
The market recorded a recovery, although liquidity remained low, indicating that capital flows have yet to show clear confirmation of the rebound. As the index is approaching its 20-period moving average, price action around this level will play an important role in confirming whether the current recovery can continue.2026年8月19日

Derivatives 2026/08/19: Caution phase
Signals remain inconsistent. Investors should therefore stay cautious and wait for further confirmation in the next session before opening new positions.2026年8月19日
![DPM – Brief – [NONRATED] – 2Q26: Continuing to benefit from selling prices](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fppohxkfi%2Fdpm.png%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
DPM – Brief – [NONRATED] – 2Q26: Continuing to benefit from selling prices
In 2Q26, DPM posted revenue of VND6,986bn, up 32% yoy. Growth was mainly driven by sharply higher selling prices. Gross profit grew strongly to VND1,665bn, +86% yoy, with gross margin at 23.8%, +6.9ppt yoy and +7.1ppt qoq. NPAT reached VND916bn, +122% yoy.2026年8月19日

33W26: Interbank rates diverge while USDVND softens further
During 33W26, the SBV returned to a net liquidity withdrawal via open market operations after two consecutive weeks of net injection, signaling that short-term funding pressures across the banking system have moderated. Interbank rates displayed mixed movements, with short-term tenors falling sharply while longer tenors edged slightly higher. On the FX front, the domestic USDVND rate decreased by 0.23% WoW to close at 26,144, diverging from the modest uptick in the U.S. dollar as cooling U.S. CPI and PPI data lowered September Fed rate hike expectations, while foreign investors maintained substantial net selling on the HoSE.2026年8月18日

Market commentary 2026/08/18: Market declines slightly
The market closed with a Doji candlestick amid persistently low liquidity, reflecting the tug-of-war and investor indecision as neither buying nor selling pressure gained a clear advantage. Therefore, investors should maintain a cautious approach to their portfolios.2026年8月18日

Derivatives 2026/08/18: Awaiting confirmation
Signals remain mixed. Investors should therefore exercise caution and wait for additional confirmation in the next session before they open new positions.2026年8月18日
精选优惠

Market Traders 2026/08/25: Foreign investors continued net selling
By investor group, trading activity among both domestic retail and institutional investors declined, falling 6.6% and 20.3%, respectively, compared with the previous week.2026年8月25日

Covered warrant 2026/08/25: Cautious performance
During the week, the covered warrant market showed relatively weak performance, as liquidity declined slightly and the number of declining warrants continued to outnumber gainers. In contrast, the underlying market performed positively, with the index rising strongly by 2.2% for the week, highlighting the divergence between the two markets.2026年8月25日
![NKG – Brief – [NONRATED] – 2Q26_Exports are recovering](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fxfhba202%2Fnkg.jpg%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
NKG – Brief – [NONRATED] – 2Q26_Exports are recovering
In 2Q26, NKG recorded revenue of VND4,150bn, up 9.0% YoY and 27.3% QoQ. Total sales volume in 2Q26 reached 203 thousand tons, up 1.0% YoY. Average selling price was recorded at USD775/ton, +5.7% YoY or +16% QoQ. NPAT was recorded at VND103bn, +12% YoY and +378% QoQ.2026年8月25日

34W26: SBV extends net liquidity withdrawal as USDVND continues to ease
During 34W26, the SBV extended its net liquidity withdrawal for a second consecutive week via open market operations as banking system liquidity pressures continued to subside, supported by favorable regulatory adjustments. On the interbank market, the yield curve steepened as short-term rates dropped sharply while middle-tenor rates edged higher and average daily trading value expanded. On the FX front, the USDVND decreased, moving in tandem with a softer U.S. dollar following expanded U.S. Treasury buybacks and euro strength, despite continued foreign net selling on the HoSE totaling VND2.66tn.2026年8月24日

Chart of the day 2026/08/24: A breakout session
The uptrend may return given the sharp rise in liquidity in last week's final session. However, further confirmation signals remain necessary. Investors should therefore wait for these signals before reopening new positions.2026年8月24日

Derivatives 2026/08/24: Cash flow returns
The uptrend may return, but additional confirmation signals warrant further observation. Traders may therefore reopen Long positions once these signals appear.2026年8月24日

Market commentary 2026/08/24: Market breakout
The market posted a strong gain alongside a significant increase in liquidity, indicating that capital flows were supportive of the rally and trading sentiment improved. In addition, the index's move back above its 10- and 20-period moving averages represents a positive technical signal, reinforcing the potential for the short-term recovery to continue.2026年8月24日

Market commentary 2026/08/21: Liquidity continued to weaken
The market returned to positive territory, although liquidity continued to decline, indicating that capital flows remained cautious and have yet to show clear confirmation of the recovery. In addition, the index has yet to reclaim its key moving averages; therefore, the current rebound signal is not sufficiently convincing to confirm a clear improvement in the trend.2026年8月21日

Derivatives 2026/08/21: Selling pressure persists
The signals still lack consistency. Traders should therefore remain cautious and wait for further confirmation in the next session before reopening new positions.2026年8月21日
![FRT - Brief - [NONRATED] - 2Q26: FPT Shop restructures efficiently, Long Chau delivers stable growth](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fepqdxxws%2Ffrt.png%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
FRT - Brief - [NONRATED] - 2Q26: FPT Shop restructures efficiently, Long Chau delivers stable growth
In 2Q26, FRT recorded revenue of VND15,626bn (+37.2% YoY and +3.4% QoQ) and operating profit of VND598bn (+152% YoY or +26% QoQ). QoQ growth was mainly driven by the efficient expansion of the Long Chau chain, while the FPT Shop chain trended sideways2026年8月21日
![CTG-Breif-[NONRATED]- 2Q26: Robust Performance](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2F3w4hv2ba%2Fctg.jpg%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
CTG-Breif-[NONRATED]- 2Q26: Robust Performance
2Q26 PAT surged +21% YoY to VND 11,783bn, driven by robust net interest and service fee income alongside well-controlled operating expenses. 1H26 earnings rose +36%yoy to VND20,744bn, accounting for 57% of full-year 2026 guidance.2026年8月21日

Market commentary 2026/08/20: Low liquidity
The market declined amid low liquidity, indicating that capital flows remained cautious. Meanwhile, the index's failure to recover above its short-term moving averages suggests that the short-term trend has yet to show a clear improvement, while downside risks remain.2026年8月20日

Derivatives 2026/08/20: Caution persists
The signals remain inconsistent. Traders should therefore stay cautious and wait for further confirmation in the next session before opening new positions.2026年8月20日
![REE - Brief - [NONRATED] - 2Q26: M&E boosted profit growth](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fl4cnrart%2Free.jpg%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
REE - Brief - [NONRATED] - 2Q26: M&E boosted profit growth
In 2Q26, revenue reached VND2,431bn (-3% yoy), mainly supported by the office leasing and M&E segments, offsetting weaker revenue from property development. Gross profit reached VND924bn (+8% yoy), with the gross margin improving to 38.0% (+4.1%p yoy)2026年8月20日

Market commentary 2026/08/19: Market recovery
The market recorded a recovery, although liquidity remained low, indicating that capital flows have yet to show clear confirmation of the rebound. As the index is approaching its 20-period moving average, price action around this level will play an important role in confirming whether the current recovery can continue.2026年8月19日

Derivatives 2026/08/19: Caution phase
Signals remain inconsistent. Investors should therefore stay cautious and wait for further confirmation in the next session before opening new positions.2026年8月19日
![DPM – Brief – [NONRATED] – 2Q26: Continuing to benefit from selling prices](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fppohxkfi%2Fdpm.png%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
DPM – Brief – [NONRATED] – 2Q26: Continuing to benefit from selling prices
In 2Q26, DPM posted revenue of VND6,986bn, up 32% yoy. Growth was mainly driven by sharply higher selling prices. Gross profit grew strongly to VND1,665bn, +86% yoy, with gross margin at 23.8%, +6.9ppt yoy and +7.1ppt qoq. NPAT reached VND916bn, +122% yoy.2026年8月19日

33W26: Interbank rates diverge while USDVND softens further
During 33W26, the SBV returned to a net liquidity withdrawal via open market operations after two consecutive weeks of net injection, signaling that short-term funding pressures across the banking system have moderated. Interbank rates displayed mixed movements, with short-term tenors falling sharply while longer tenors edged slightly higher. On the FX front, the domestic USDVND rate decreased by 0.23% WoW to close at 26,144, diverging from the modest uptick in the U.S. dollar as cooling U.S. CPI and PPI data lowered September Fed rate hike expectations, while foreign investors maintained substantial net selling on the HoSE.2026年8月18日

Market commentary 2026/08/18: Market declines slightly
The market closed with a Doji candlestick amid persistently low liquidity, reflecting the tug-of-war and investor indecision as neither buying nor selling pressure gained a clear advantage. Therefore, investors should maintain a cautious approach to their portfolios.2026年8月18日

Derivatives 2026/08/18: Awaiting confirmation
Signals remain mixed. Investors should therefore exercise caution and wait for additional confirmation in the next session before they open new positions.2026年8月18日
精选新闻

Market Traders 2026/08/25: Foreign investors continued net selling
By investor group, trading activity among both domestic retail and institutional investors declined, falling 6.6% and 20.3%, respectively, compared with the previous week.2026年8月25日

Covered warrant 2026/08/25: Cautious performance
During the week, the covered warrant market showed relatively weak performance, as liquidity declined slightly and the number of declining warrants continued to outnumber gainers. In contrast, the underlying market performed positively, with the index rising strongly by 2.2% for the week, highlighting the divergence between the two markets.2026年8月25日
![NKG – Brief – [NONRATED] – 2Q26_Exports are recovering](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fxfhba202%2Fnkg.jpg%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
NKG – Brief – [NONRATED] – 2Q26_Exports are recovering
In 2Q26, NKG recorded revenue of VND4,150bn, up 9.0% YoY and 27.3% QoQ. Total sales volume in 2Q26 reached 203 thousand tons, up 1.0% YoY. Average selling price was recorded at USD775/ton, +5.7% YoY or +16% QoQ. NPAT was recorded at VND103bn, +12% YoY and +378% QoQ.2026年8月25日

34W26: SBV extends net liquidity withdrawal as USDVND continues to ease
During 34W26, the SBV extended its net liquidity withdrawal for a second consecutive week via open market operations as banking system liquidity pressures continued to subside, supported by favorable regulatory adjustments. On the interbank market, the yield curve steepened as short-term rates dropped sharply while middle-tenor rates edged higher and average daily trading value expanded. On the FX front, the USDVND decreased, moving in tandem with a softer U.S. dollar following expanded U.S. Treasury buybacks and euro strength, despite continued foreign net selling on the HoSE totaling VND2.66tn.2026年8月24日

Chart of the day 2026/08/24: A breakout session
The uptrend may return given the sharp rise in liquidity in last week's final session. However, further confirmation signals remain necessary. Investors should therefore wait for these signals before reopening new positions.2026年8月24日

Derivatives 2026/08/24: Cash flow returns
The uptrend may return, but additional confirmation signals warrant further observation. Traders may therefore reopen Long positions once these signals appear.2026年8月24日

Market commentary 2026/08/24: Market breakout
The market posted a strong gain alongside a significant increase in liquidity, indicating that capital flows were supportive of the rally and trading sentiment improved. In addition, the index's move back above its 10- and 20-period moving averages represents a positive technical signal, reinforcing the potential for the short-term recovery to continue.2026年8月24日

Market commentary 2026/08/21: Liquidity continued to weaken
The market returned to positive territory, although liquidity continued to decline, indicating that capital flows remained cautious and have yet to show clear confirmation of the recovery. In addition, the index has yet to reclaim its key moving averages; therefore, the current rebound signal is not sufficiently convincing to confirm a clear improvement in the trend.2026年8月21日

Derivatives 2026/08/21: Selling pressure persists
The signals still lack consistency. Traders should therefore remain cautious and wait for further confirmation in the next session before reopening new positions.2026年8月21日
![FRT - Brief - [NONRATED] - 2Q26: FPT Shop restructures efficiently, Long Chau delivers stable growth](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fepqdxxws%2Ffrt.png%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
FRT - Brief - [NONRATED] - 2Q26: FPT Shop restructures efficiently, Long Chau delivers stable growth
In 2Q26, FRT recorded revenue of VND15,626bn (+37.2% YoY and +3.4% QoQ) and operating profit of VND598bn (+152% YoY or +26% QoQ). QoQ growth was mainly driven by the efficient expansion of the Long Chau chain, while the FPT Shop chain trended sideways2026年8月21日
![CTG-Breif-[NONRATED]- 2Q26: Robust Performance](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2F3w4hv2ba%2Fctg.jpg%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
CTG-Breif-[NONRATED]- 2Q26: Robust Performance
2Q26 PAT surged +21% YoY to VND 11,783bn, driven by robust net interest and service fee income alongside well-controlled operating expenses. 1H26 earnings rose +36%yoy to VND20,744bn, accounting for 57% of full-year 2026 guidance.2026年8月21日

Market commentary 2026/08/20: Low liquidity
The market declined amid low liquidity, indicating that capital flows remained cautious. Meanwhile, the index's failure to recover above its short-term moving averages suggests that the short-term trend has yet to show a clear improvement, while downside risks remain.2026年8月20日

Derivatives 2026/08/20: Caution persists
The signals remain inconsistent. Traders should therefore stay cautious and wait for further confirmation in the next session before opening new positions.2026年8月20日
![REE - Brief - [NONRATED] - 2Q26: M&E boosted profit growth](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fl4cnrart%2Free.jpg%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
REE - Brief - [NONRATED] - 2Q26: M&E boosted profit growth
In 2Q26, revenue reached VND2,431bn (-3% yoy), mainly supported by the office leasing and M&E segments, offsetting weaker revenue from property development. Gross profit reached VND924bn (+8% yoy), with the gross margin improving to 38.0% (+4.1%p yoy)2026年8月20日

Market commentary 2026/08/19: Market recovery
The market recorded a recovery, although liquidity remained low, indicating that capital flows have yet to show clear confirmation of the rebound. As the index is approaching its 20-period moving average, price action around this level will play an important role in confirming whether the current recovery can continue.2026年8月19日

Derivatives 2026/08/19: Caution phase
Signals remain inconsistent. Investors should therefore stay cautious and wait for further confirmation in the next session before opening new positions.2026年8月19日
![DPM – Brief – [NONRATED] – 2Q26: Continuing to benefit from selling prices](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fppohxkfi%2Fdpm.png%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
DPM – Brief – [NONRATED] – 2Q26: Continuing to benefit from selling prices
In 2Q26, DPM posted revenue of VND6,986bn, up 32% yoy. Growth was mainly driven by sharply higher selling prices. Gross profit grew strongly to VND1,665bn, +86% yoy, with gross margin at 23.8%, +6.9ppt yoy and +7.1ppt qoq. NPAT reached VND916bn, +122% yoy.2026年8月19日

33W26: Interbank rates diverge while USDVND softens further
During 33W26, the SBV returned to a net liquidity withdrawal via open market operations after two consecutive weeks of net injection, signaling that short-term funding pressures across the banking system have moderated. Interbank rates displayed mixed movements, with short-term tenors falling sharply while longer tenors edged slightly higher. On the FX front, the domestic USDVND rate decreased by 0.23% WoW to close at 26,144, diverging from the modest uptick in the U.S. dollar as cooling U.S. CPI and PPI data lowered September Fed rate hike expectations, while foreign investors maintained substantial net selling on the HoSE.2026年8月18日

Market commentary 2026/08/18: Market declines slightly
The market closed with a Doji candlestick amid persistently low liquidity, reflecting the tug-of-war and investor indecision as neither buying nor selling pressure gained a clear advantage. Therefore, investors should maintain a cautious approach to their portfolios.2026年8月18日

Derivatives 2026/08/18: Awaiting confirmation
Signals remain mixed. Investors should therefore exercise caution and wait for additional confirmation in the next session before they open new positions.2026年8月18日
精选优惠

Market Traders 2026/08/25: Foreign investors continued net selling
By investor group, trading activity among both domestic retail and institutional investors declined, falling 6.6% and 20.3%, respectively, compared with the previous week.2026年8月25日

Covered warrant 2026/08/25: Cautious performance
During the week, the covered warrant market showed relatively weak performance, as liquidity declined slightly and the number of declining warrants continued to outnumber gainers. In contrast, the underlying market performed positively, with the index rising strongly by 2.2% for the week, highlighting the divergence between the two markets.2026年8月25日
![NKG – Brief – [NONRATED] – 2Q26_Exports are recovering](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fxfhba202%2Fnkg.jpg%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
NKG – Brief – [NONRATED] – 2Q26_Exports are recovering
In 2Q26, NKG recorded revenue of VND4,150bn, up 9.0% YoY and 27.3% QoQ. Total sales volume in 2Q26 reached 203 thousand tons, up 1.0% YoY. Average selling price was recorded at USD775/ton, +5.7% YoY or +16% QoQ. NPAT was recorded at VND103bn, +12% YoY and +378% QoQ.2026年8月25日

34W26: SBV extends net liquidity withdrawal as USDVND continues to ease
During 34W26, the SBV extended its net liquidity withdrawal for a second consecutive week via open market operations as banking system liquidity pressures continued to subside, supported by favorable regulatory adjustments. On the interbank market, the yield curve steepened as short-term rates dropped sharply while middle-tenor rates edged higher and average daily trading value expanded. On the FX front, the USDVND decreased, moving in tandem with a softer U.S. dollar following expanded U.S. Treasury buybacks and euro strength, despite continued foreign net selling on the HoSE totaling VND2.66tn.2026年8月24日

Chart of the day 2026/08/24: A breakout session
The uptrend may return given the sharp rise in liquidity in last week's final session. However, further confirmation signals remain necessary. Investors should therefore wait for these signals before reopening new positions.2026年8月24日

Derivatives 2026/08/24: Cash flow returns
The uptrend may return, but additional confirmation signals warrant further observation. Traders may therefore reopen Long positions once these signals appear.2026年8月24日

Market commentary 2026/08/24: Market breakout
The market posted a strong gain alongside a significant increase in liquidity, indicating that capital flows were supportive of the rally and trading sentiment improved. In addition, the index's move back above its 10- and 20-period moving averages represents a positive technical signal, reinforcing the potential for the short-term recovery to continue.2026年8月24日

Market commentary 2026/08/21: Liquidity continued to weaken
The market returned to positive territory, although liquidity continued to decline, indicating that capital flows remained cautious and have yet to show clear confirmation of the recovery. In addition, the index has yet to reclaim its key moving averages; therefore, the current rebound signal is not sufficiently convincing to confirm a clear improvement in the trend.2026年8月21日

Derivatives 2026/08/21: Selling pressure persists
The signals still lack consistency. Traders should therefore remain cautious and wait for further confirmation in the next session before reopening new positions.2026年8月21日
![FRT - Brief - [NONRATED] - 2Q26: FPT Shop restructures efficiently, Long Chau delivers stable growth](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fepqdxxws%2Ffrt.png%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
FRT - Brief - [NONRATED] - 2Q26: FPT Shop restructures efficiently, Long Chau delivers stable growth
In 2Q26, FRT recorded revenue of VND15,626bn (+37.2% YoY and +3.4% QoQ) and operating profit of VND598bn (+152% YoY or +26% QoQ). QoQ growth was mainly driven by the efficient expansion of the Long Chau chain, while the FPT Shop chain trended sideways2026年8月21日
![CTG-Breif-[NONRATED]- 2Q26: Robust Performance](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2F3w4hv2ba%2Fctg.jpg%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
CTG-Breif-[NONRATED]- 2Q26: Robust Performance
2Q26 PAT surged +21% YoY to VND 11,783bn, driven by robust net interest and service fee income alongside well-controlled operating expenses. 1H26 earnings rose +36%yoy to VND20,744bn, accounting for 57% of full-year 2026 guidance.2026年8月21日

Market commentary 2026/08/20: Low liquidity
The market declined amid low liquidity, indicating that capital flows remained cautious. Meanwhile, the index's failure to recover above its short-term moving averages suggests that the short-term trend has yet to show a clear improvement, while downside risks remain.2026年8月20日

Derivatives 2026/08/20: Caution persists
The signals remain inconsistent. Traders should therefore stay cautious and wait for further confirmation in the next session before opening new positions.2026年8月20日
![REE - Brief - [NONRATED] - 2Q26: M&E boosted profit growth](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fl4cnrart%2Free.jpg%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
REE - Brief - [NONRATED] - 2Q26: M&E boosted profit growth
In 2Q26, revenue reached VND2,431bn (-3% yoy), mainly supported by the office leasing and M&E segments, offsetting weaker revenue from property development. Gross profit reached VND924bn (+8% yoy), with the gross margin improving to 38.0% (+4.1%p yoy)2026年8月20日

Market commentary 2026/08/19: Market recovery
The market recorded a recovery, although liquidity remained low, indicating that capital flows have yet to show clear confirmation of the rebound. As the index is approaching its 20-period moving average, price action around this level will play an important role in confirming whether the current recovery can continue.2026年8月19日

Derivatives 2026/08/19: Caution phase
Signals remain inconsistent. Investors should therefore stay cautious and wait for further confirmation in the next session before opening new positions.2026年8月19日
![DPM – Brief – [NONRATED] – 2Q26: Continuing to benefit from selling prices](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fppohxkfi%2Fdpm.png%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
DPM – Brief – [NONRATED] – 2Q26: Continuing to benefit from selling prices
In 2Q26, DPM posted revenue of VND6,986bn, up 32% yoy. Growth was mainly driven by sharply higher selling prices. Gross profit grew strongly to VND1,665bn, +86% yoy, with gross margin at 23.8%, +6.9ppt yoy and +7.1ppt qoq. NPAT reached VND916bn, +122% yoy.2026年8月19日

33W26: Interbank rates diverge while USDVND softens further
During 33W26, the SBV returned to a net liquidity withdrawal via open market operations after two consecutive weeks of net injection, signaling that short-term funding pressures across the banking system have moderated. Interbank rates displayed mixed movements, with short-term tenors falling sharply while longer tenors edged slightly higher. On the FX front, the domestic USDVND rate decreased by 0.23% WoW to close at 26,144, diverging from the modest uptick in the U.S. dollar as cooling U.S. CPI and PPI data lowered September Fed rate hike expectations, while foreign investors maintained substantial net selling on the HoSE.2026年8月18日

Market commentary 2026/08/18: Market declines slightly
The market closed with a Doji candlestick amid persistently low liquidity, reflecting the tug-of-war and investor indecision as neither buying nor selling pressure gained a clear advantage. Therefore, investors should maintain a cautious approach to their portfolios.2026年8月18日

Derivatives 2026/08/18: Awaiting confirmation
Signals remain mixed. Investors should therefore exercise caution and wait for additional confirmation in the next session before they open new positions.2026年8月18日