VSC – Brief – [NONRATED] – Gains from HAH Propel 2Q26 NPAT Surge

In 2Q26, VSC reported net revenue of VND861bn (+7% yoy), mainly driven by a 9% yoy increase in throughput volume at key downstream ports. Gains from associates reached VND112bn (vs. -VND1bn in 2Q25) driven by HAH, providing strong leverage to lift EBT to VND287bn (+62.4% yoy). NPAT came in at VND244bn (+64.0% yoy).