Overview
Vietnam’s economy showed mixed signals this week: while macroeconomic indicators remained broadly positive with strong trade growth (27.1% increase in import-export value), robust steel production, and continued FDI inflows as a “China+1” alternative, the stock market experienced significant headwinds with the VN-Index falling 9.8% to multi-year lows. Financial stress appeared across multiple sectors, with major banks and fertilizer companies reporting sharp profit declines, while corporate governance challenges emerged at several listed companies amid forced share liquidations and executive detentions.
Consumers
Hàng loạt cửa hàng kim cương đóng cửa: Bỏ ngỏ quyền lợi khách hàng
A wave of diamond retailers in Vietnam has suddenly closed or suspended operations since late May, with multiple companies losing liquidity and ceasing exchange services. The closures have left consumers facing disputes and exposed legal gaps in the market. The disruptions followed investigations by authorities into diamond smuggling involving leadership of certification company PNJ-Lab.
- Source: CafeF
Regulation
Thông tin mới nhất từ Bộ Ngoại giao về việc Hoa Kỳ áp thuế lên đến 12,5% cho hàng hóa nhập khẩu, trong đó có Việt Nam
The U.S. Trade Representative (USTR) has imposed a tariff rate of up to 12.5% on imported goods from countries under investigation under Section 301, including Vietnam. Vietnam’s Foreign Ministry spokesperson Phạm Thu Hằng responded to inquiries about Vietnam’s reaction to this new tariff measure. The Foreign Ministry’s position and further details on the implementation remain under discussion.
- Key figures: Tariff rate imposed by USTR on imported goods: 12.5% %
- Source: CafeF
Việt Nam nói gì trước việc bị Mỹ áp mức thuế nhập khẩu mới 12,5%?
On July 23, the U.S. Trade Representative (USTR) announced new import tariffs on 60 economies, citing inadequate enforcement of bans on goods made with forced labor. The United States applied a 12.5% tariff rate effective July 24 for all economies under Section 301 investigation. The USTR had previously initiated a Section 301 investigation into Vietnam on May 29 regarding certain intellectual property protection and enforcement issues.
- Key figures: New import tariff rate applied: 12.5% percentage; Number of economies with new tariffs: 60 count
- Source: TuoiTre
Ai chịu tác động mạnh nhất sau cú sốc buôn lậu kim cương?
A diamond smuggling scandal has shaken the market and eroded consumer confidence. Multiple diamond shops have been closing their doors, some without any formal announcement. Previously bustling streets that were considered precious metals and gemstone hubs in Ho Chi Minh City have become quiet as businesses shut down to prevent firesales.
- Source: CafeF
Từ 0h ngày 24/7, Mỹ bắt đầu áp thuế nhập khẩu mới với 60 nền kinh tế, trong đó có Việt Nam
The United States begins implementing new import tariffs on 60 economies, including Vietnam, effective from 0h on July 24. The new tariff rates are set at 10% and 12.5%, replacing the temporary 10% rate that expires at the same time. According to the U.S. Trade Representative’s Office (USTR), the additional tariffs apply to goods that enter consumption procedures or are withdrawn from bonded warehouses starting from 00:01 on July 24, 2026.
- Key figures: Number of economies affected: 60; New tariff rate (lower): 10% percent; New tariff rate (higher): 12.5% percent; Previous temporary tariff rate: 10% percent
- Source: CafeF
Hoàn thiện, trình Thủ tướng ban hành Đề án cải cách tổng thể thị trường tài chính Việt Nam trong tháng 7
The Prime Minister has requested government agencies, localities, and enterprises to implement decisive actions focused on removing bottlenecks, mobilizing resources, and promoting growth. A comprehensive financial market reform plan is to be finalized and submitted to the Prime Minister for approval in July. The Government Office has issued a notification regarding the completion of delayed projects.
- Source: CafeF
Tuyệt đối không làm điều này nếu không muốn bị chiếm quyền điện thoại, mất tiền trong tài khoản
Vietnamese authorities including Social Insurance Agency and Bac Ninh Provincial Police have issued a warning about a fraud scheme involving impersonation of government agencies. Scammers are tricking people into installing a counterfeit VssID application to gain control of their phones and steal money from bank accounts. The scheme uses social engineering tactics to deceive victims into downloading the malicious app.
- Source: CafeF
Cựu Giám đốc chi nhánh SeABank bị truy tố vắng mặt trong vụ án liên quan Vina Megastar
A former SeABank branch director, Nguyễn Thị Hương Giang, has been charged in absentia with violating lending regulations by helping an enterprise obtain loans without collateral. On July 21, the Hanoi Procuracy issued an indictment against two suspects on charges of fraud and violation of lending rules in a case related to Vina Megastar. The procuracy has called for the two suspects to surrender themselves.
- Key figures: Indictment date: 21/7; Number of suspects charged: 2
- Source: CafeF
Stock Market
Sau thời cố Chủ tịch Nguyễn Thiện Tuấn: Siêu cổ phiếu lao dốc, gia đình hết cổ đông lớn
Following the death of former Chairman Nguyễn Thiện Tuấn, the family members and related shareholders of DIC Corp have faced consecutive forced liquidations of their shares, resulting in loss of major shareholder status. The company announced multiple forced share sales by internal shareholder groups, with Chairman Nguyễn Hùng Cường’s shares being liquidated by securities firms in significant volumes. The company faces mounting challenges after a period of rapid growth expansion.
- Key figures: Shares liquidated by securities firms for Chairman Nguyễn Hùng Cường: 11.16 million shares
- Source: VietnamNet
Phân bón Bình Điền (BFC) báo lãi giảm sốc trong quý II
Binh Dien Fertilizer (BFC) reported a sharp profit decline in the second quarter of 2026 after positive growth in the first quarter. Net revenue reached over 1.724 trillion dong, declining nearly 52% year-over-year. Gross profit fell to 220 billion dong as cost of goods sold reductions were insufficient to offset the revenue decline.
- Key figures: Net revenue Q2/2026: 1.724 trillion dong VND; Revenue decline YoY: 52% %; Gross profit Q2/2026: 220 billion dong VND
- Source: CafeF
Ngân hàng đầu tiên báo lỗ trong quý 2/2026
Saigonbank (SGB) reported its first loss for Q2 2026 amid challenging business conditions. The bank’s cumulative pre-tax profit for the first half of 2026 reached 48 billion VND, down 72.41% compared to the same period in 2025. Net interest income, the bank’s primary revenue source, declined 31.34% year-over-year to 160 billion VND in Q2 2026.
- Key figures: Pre-tax profit (H1 2026): 48 billion VND VND; YoY change in pre-tax profit (H1 2026 vs H1 2025): -72.41% %; Net interest income (Q2 2026): 160 billion VND VND; YoY change in net interest income (Q2 2026 vs Q2 2025): -31.34% %
- Source: CafeF
Cổ phiếu về đáy nhiều năm, lãnh đạo doanh nghiệp chi hàng trăm tỉ đồng gom hàng
Stock market indices have fallen significantly over one month, with the VN-Index declining approximately 9.8% to 1,686 points. Major industry stocks have reached multi-year lows during this correction. Business leaders and related parties have initiated share purchase registrations to increase their ownership stakes, notably including Khang Dien Investment and Trading Company (KDH).
- Key figures: VN-Index decline: 183 points points; VN-Index decline percentage: 9.8 %; VN-Index level: 1686 points
- Source: TuoiTre
Hàng loạt sếp doanh nghiệp muốn ‘bắt đáy’ cổ phiếu
Multiple company executives across real estate, steel, retail, and seafood sectors registered to purchase hundreds of thousands to tens of millions of shares as stock prices reached their lowest levels in years. After approximately two weeks of significant volatility, the stock market is trading at valuations representing the lowest in 10 years, with P/E ratios declining approximately 10-fold over the past 12 months. Numerous leading stocks have declined sharply to their lowest price levels in many years, triggering a wave of buying activity from multiple executives.
- Key figures: P/E ratio decline: approximately 10 times ratio; Market valuation timeframe: 10 years years; Recent volatility period: approximately two weeks weeks
- Source: VnExpress
PC1 báo lãi 6 tháng tăng 150%, ký hợp đồng hơn 2.000 tỉ sau biến động nhân sự
PC1 Group reported a 150% increase in six-month profit and signed contracts exceeding 2,000 billion VND despite undergoing management changes. Former Chairman Trịnh Văn Tuấn and several board members were detained in May on charges of embezzlement and accounting violations. At an extraordinary shareholders’ meeting on July 24, Trịnh Khánh Linh (27 years old, daughter of Tuấn) was elected as the new chairman.
- Key figures: Six-month profit increase: 150%; Signed contracts value: over 2,000 billion VND; Age of new chairman Trịnh Khánh Linh: 27; Date of extraordinary shareholders’ meeting: July 24
- Source: TuoiTre
VietCredit lãi trước thuế hơn 1.049 tỷ nửa đầu 2026, CIR quý II giảm còn 9,93%
VietCredit reported pre-tax profit of approximately 472 billion VND in Q2/2026, representing a 230% increase year-over-year. The company’s pre-tax profit for the first half of 2026 exceeded 1.049 trillion VND, driven by strong growth in credit outstanding and core business income. The cost-to-income ratio (CIR) for Q2 decreased to 9.93%.
- Key figures: Pre-tax profit Q2/2026: 472 billion VND; YoY growth Q2/2026: 230 %; Pre-tax profit H1/2026: 1.049 trillion VND; Cost-to-income ratio Q2: 9.93 %
- Source: CafeF
KienlongBank công bố BCTC quý II/2026: Quy mô tài sản bứt phá mạnh mẽ, lợi nhuận bứt tốc
KienlongBank reported Q2 2026 financial results with pre-tax profit of 655 billion VND, growing 15.8% year-over-year. Cumulative pre-tax profit for the first half of 2026 reached 1,176 billion VND, up 27.6% compared to the same period in 2025. As of June 30, 2026, total assets reached approximately 115,000 billion VND, increasing 11.2% from the beginning of the year.
- Key figures: Q2 2026 pre-tax profit: 655 billion VND; Q2 2026 YoY profit growth: 15.8 %; H1 2026 cumulative pre-tax profit: 1,176 billion VND; H1 2026 vs H1 2025 profit growth: 27.6 %
- Source: CafeF
TS. Cấn Văn Lực: Nhà đầu tư chứng khoán sử dụng đòn bẩy ngày càng lớn, tiềm ẩn rủi ro khi thị trường đảo chiều
Securities experts warn that stock market investors are increasingly using leverage, with margin loan debt at securities companies rising significantly. Margin loan debt grew from approximately 125,000 billion VND at the end of Q1 2023 to 445,000 billion VND by the end of Q2 2026, representing a more than 3.5 times increase. This trend poses latent risks when market sentiment reverses, according to the expert commentary.
- Key figures: Margin loan debt (end of Q1 2023): 125,000 billion VND; Margin loan debt (end of Q2 2026): 445,000 billion VND; Growth multiple: 3.5 times
- Source: CafeF
ACB đạt lợi nhuận hơn 10.700 tỷ đồng trong 6 tháng đầu năm 2026, bán lẻ và SME hồi phục tích cực
Asia Commercial Bank (ACB) reported consolidated pre-tax profit of over 10,700 billion dong for the first six months of 2026. Despite ongoing economic challenges, effects from public investment projects, infrastructure development, and government growth-promotion policies are gradually spreading. The recovery momentum is creating positive signs in the retail and SME segments.
- Key figures: Consolidated pre-tax profit (H1 2026): over 10,700 billion dong billion VND
- Source: CafeF
Macroeconomy
Dư nợ toàn nền kinh tế vượt 20 triệu tỷ đồng: Đại diện Ngân hàng Nhà nước cập nhật số liệu tăng trưởng tín dụng mới nhất
Vietnam’s total economic outstanding debt exceeded 20 million billion Vietnamese dong, according to a State Bank of Vietnam official update. In the first half of the year, the banking system supplied approximately 1.46 million billion dong in additional credit to the economy to support production, business operations and economic growth.
- Key figures: Total economic outstanding debt: Over 20 million billion Vietnamese dong; Additional credit supplied in first half of year: Approximately 1.46 million billion Vietnamese dong
- Source: CafeF
Việt Nam - ‘quán quân’ FDI Đông Nam Á
Vietnam is positioned as the leading FDI destination in Southeast Asia. In 2026, China faced a record net capital outflow of nearly $170 billion, marking the formal closure of the old globalization era amid rising geopolitical tensions. The massive capital flows are redirecting toward Southeast Asia through the “China + 1” strategy, with The Diplomat analyzing this shift.
- Key figures: China’s net FDI outflow in 2026: nearly 170 billion USD
- Source: ThanhNien
Tổng kim ngạch xuất nhập khẩu hàng hóa của Việt Nam đạt gần 550 tỷ USD trong 6 tháng
Vietnam’s total import-export goods value reached nearly 550 billion USD in the first six months of the year, representing a 27.1% increase compared to the same period last year. This growth was highlighted by Deputy Minister of Industry and Trade Phan Thi Thang at a logistics forum on July 24th. The expansion occurred despite ongoing volatility in global trade conditions.
- Key figures: Total import-export goods value (6 months): 550 billion USD; Year-on-year growth rate: 27.1%
- Source: CafeF
Thép Việt bứt phá nửa đầu năm, giữ vững vị thế Top 10 thế giới
Vietnam’s steel industry experienced strong growth in the first half of 2026, with crude steel production reaching 15.18 million tons, up 26.9% year-over-year according to the Vietnam Steel Association. Despite geopolitical tensions and trade barriers, the sector remains a key driver of the economy, supported by public investment projects, infrastructure development, and recovery in the real estate market. Vietnam maintains its position within the world’s top 10 steel producers.
- Key figures: Crude steel production H1 2026: 15.18 million tonnes; Year-over-year growth: 26.9 %
- Source: TuoiTre
Tập trung giải ngân đầu tư công để cán đích tăng trưởng
Vietnam aims to achieve double-digit economic growth targets by prioritizing public investment disbursement across provinces. In the first half of the year, 9 out of 34 provinces and cities recorded economic growth exceeding 10%, with Thái Nguyên at 10.01% and Hà Tĩnh being among the strongest performers. Public investment disbursement is identified as a key driver for achieving nationwide growth objectives.
- Key figures: Provinces with economic growth above 10%: 9 out of 34; Economic growth rate - Thái Nguyên: 10.01% %
- Source: CafeF
Vượt cả Mỹ, Trung Quốc và Đức, Việt Nam thành công vào top 3 thế giới trong một lĩnh vực đặc biệt
Vietnam has ranked in the top 3 globally in a specific innovation field, surpassing the United States, China, and Germany according to the 2025 Global Innovation Index (GII). The GII report was released by the World Intellectual Property Organization (WIPO) and expanded its survey scope from 133 to 139 countries and territories. The Global Innovation Index is a respected assessment tool for evaluating national innovation capacity that reflects economic development patterns.
- Key figures: Survey scope expansion: 133 to 139 countries and territories
- Source: CafeF
Chỉ trong nửa năm, GDP Việt Nam tăng 8,18%, FDI giải ngân lập đỉnh 5 năm, đâu sẽ là ‘ngôi sao hy vọng’ cho nền kinh tế trong nửa cuối năm 2026?
Vietnam’s GDP growth reached 8.18% in the first half of the year, representing the highest growth rate for the first half in several years. FDI disbursements hit a five-year peak, and domestic growth drivers showed clear recovery. However, currency and interest rate pressures are creating increased balancing challenges for the second half of 2026, according to HSBC Vietnam executives.
- Key figures: GDP growth (H1 2026): 8.18 %; FDI disbursement peak: 5-year high period
- Source: CafeF
Summaries are AI-generated from public news sources and link to the originals. Neutral, factual, not investment advice.