Vietnam Market Brief — Week 31, 2026

Overview

Vietnam’s economy showed mixed momentum in early 2026, with infrastructure and banking sectors demonstrating strength while some headwinds emerged elsewhere. Long Thanh Airport preparation advanced toward its December 2026 opening, major banks reported exceptional profit growth of 25-58% in the first half, and real estate regulatory reforms progressed; however, PV Oil recorded its first quarterly loss since 2022 despite record revenue, and Sacombank undertook significant workforce reductions. Energy development continued with nuclear power preparation and strong performance from the Dai Hung oil field.

E-commerce

Sun Group đầu tư 40.000 tỷ đồng xây gần 50.000 căn nhà ở xã hội, nhà ở cho thuê “tiêu chuẩn Singapore” tại Phú Quốc

Sun Group launched a housing development program at the An Thới urban area in Phú Quốc with an investment of 40,000 billion VND to construct approximately 50,000 social housing units and rental housing to Singapore standards. The formal program initiation ceremony was held on August 2, 2026, marking a key milestone in realizing the company’s social housing and urban infrastructure development strategy. The project aims to improve living standards and social welfare for local residents.

• Key figures: Investment amount: 40,000 billion VND; Number of social housing units: approximately 50,000 units
• Source: CafeF

Logistics

Diễn biến mới nhất về ‘siêu’ sân bay lớn nhất Việt Nam

Vietnam’s Civil Aviation Authority has submitted a document to the Ministry of Construction and the Long Thanh International Airport exploitation preparation steering committee outlining preparations for the official opening of Long Thanh Airport on December 1, 2026. Project component 3 works including the runway, passenger terminal, cargo terminal, internal airport transportation systems, technical infrastructure, and auxiliary structures are being finalized to meet the exploitation target.

• Key figures: Ngày khai thác chính thức dự kiến: 1/12/2026
• Source: CafeF

Regulation

Đề xuất quy định niên hạn sử dụng căn hộ: Gỡ ‘nút thắt’ hàng chục năm trong cải tạo chung cư cũ

The proposal to establish a usage period limit for apartment ownership is assessed as a breakthrough to resolve long-standing regulatory barriers in renovating old apartment buildings and collective housing. The Vietnam Real Estate Market Research and Assessment Institute (VARS IRE) views this as an important policy direction to improve the legal framework for apartment buildings and address persistent issues in renovation and reconstruction of aging residential buildings.

• Source: CafeF

Đà Nẵng: Triệt phá đường dây mua bán hóa đơn khống hơn 2.000 tỷ đồng

Police in Da Nang dismantled an illegal VAT invoice trading ring operating across Da Nang and Ho Chi Minh City with transaction value exceeding 2,000 billion dong. The investigation identified Gas Supply Joint Stock Company in Hoa Khanh Industrial Zone, operated by Nguyen Anh Tuan (58 years old) from An Khe Ward in Da Nang, as the central entity in the scheme. The case was reported on August 1st by the Economic Police Department of Da Nang Public Security.

• Key figures: Total transaction value of illegal VAT invoice trading: 2,000 billion dong; Age of main suspect: 58 years
• Source: CafeF

Nóng: Ngân hàng Nhà nước nâng tỷ lệ tính tiền gửi Kho bạc Nhà nước vào LDR lên 50%, áp dụng chính thức từ ngày mai (1/8)

The State Bank of Vietnam announced a decision to lower the deduction ratio for State Treasury deposits when calculating the loan-to-deposit (LDR) ratio from 80% to 50%. This change will officially take effect from August 1, 2026, and remain in force through July 31, 2028.

• Key figures: Previous deduction ratio for State Treasury deposits in LDR calculation: 80%; New deduction ratio for State Treasury deposits in LDR calculation: 50%; Effective date: 1/8/2026; End date of policy period: 31/7/2028
• Source: CafeF

Thủ tướng ra chỉ thị mới về chống lừa đảo, ngăn chặn lợi dụng ví điện tử để vi phạm pháp luật

The Prime Minister issued a new directive on combating fraud and preventing misuse of digital wallets for illegal purposes. The State Bank of Vietnam was instructed to research, review, and propose amendments to regulations to prevent the use of payment accounts, digital wallets, and mobile money with incorrect holder information for law violations. This reflects regulatory tightening in Vietnam’s digital payment sector.

• Source: CafeF

Từ tháng này, Cục Thuế có thể đánh thuế TNCN lên đến 35% nếu như phát hiện cá nhân làm dịch vụ, KOL, KOC… không làm việc sau

Vietnam’s Tax Authority announced new personal income tax regulations effective July 1, 2026, under Decree 253/2026/NĐ-CP. The regulations establish guidelines for determining the nature of income for individuals engaged in service provision, freelancing, affiliates, KOLs, and KOCs to apply appropriate tax calculation methods. Tax authorities can now impose personal income tax rates of up to 35% on individuals in these categories who do not comply with the new requirements.

• Key figures: Maximum personal income tax rate: 35% %; Decree effective date: 1/7/2026 date
• Source: CafeF

Stock Market

Xuất hiện DN có doanh thu vượt xa Hòa Phát, Thế Giới Di Động, Vietnam Airlines,… nhưng báo lỗ

PV Oil (OIL) reported record revenue of over 90,000 billion VND in Q2 2026, up 125% year-on-year, making it the third-largest revenue company on the stock exchange in that quarter. Despite the exceptional revenue growth, the company reported a loss in Q2 2026, marking its first quarterly loss since Q3 2022. The company’s revenue now exceeds that of major corporations including Hoa Phat, The Gioi Di Dong, and Vietnam Airlines.

• Key figures: Q2 2026 Revenue: 90,000 billion VND VND; Year-over-year Revenue Growth: 125% %; Market Position by Revenue: 3rd largest on stock exchange ranking
• Source: CafeF

Hơn 3.700 cán bộ nhân viên của một ngân hàng lớn nghỉ việc

Sacombank laid off over 3,700 employees in the first half of 2026, described by banking observers as the bank’s largest staff reduction to date. The consolidated workforce declined from 16,816 employees at end-2025 to 14,080 by end-Q1 2026, a decrease of 2,736 staff in three months. The standalone subsidiary headcount fell to 13,281 from 15,851, reflecting a reduction of 2,570 employees.

• Key figures: Consolidated employees at 31/12/2025: 16,816; Consolidated employees at 31/3/2026: 14,080; Consolidated employee reduction in Q1 2026: 2,736; Standalone subsidiary employees at 31/12/2025: 15,851
• Source: CafeF

Lợi nhuận nhiều ngân hàng tăng rất mạnh

Multiple Vietnamese banks reported exceptional profit growth in the first half of 2026 during their interim earnings announcements. Some banks achieved profit increases ranging from 50% to nearly 500% compared to the same period last year. As of July 21, 2026, ten banks had disclosed their six-month results, with Techcombank reporting profit exceeding 18,500 billion Vietnamese dong.

• Key figures: Techcombank profit (6 months 2026): 18,500 billion Vietnamese dong VND billion; Number of banks reporting by July 21, 2026: 10 banks; Profit growth range: 50% to nearly 500% year-on-year percentage
• Source: CafeF

HDBank gia nhập nhóm ngân hàng triệu tỷ, lợi nhuận vượt 13.200 tỷ đồng, vị thế mới trên thị trường vốn quốc tế

HDBank has joined the trillion-dong bank group with total assets exceeding 1 trillion dong. The bank reported pre-tax profit surpassing 13,200 billion dong for the first half of 2026, with ROE reaching 25.4%, among the highest in the sector. HDBank continues to strengthen its position in international capital markets.

• Key figures: Total assets threshold: 1,000,000 billion dong; Pre-tax profit (H1 2026): 13,200 billion dong; ROE: 25.4 %
• Source: CafeF

Nhờ đâu lợi nhuận Vietcombank tăng vọt lên mức cao chưa từng có?

Vietcombank reported pre-tax profit of 17.420 trillion VND in Q2 2026, representing a nearly 58% increase compared to the same period last year and marking an all-time high. The bank’s strong earnings growth reflects favorable market conditions during the period. This performance is part of a broader trend of significant profit increases across the banking sector.

• Key figures: Pre-tax profit Q2 2026: 17.420 trillion VND; YoY growth: 57.8 %
• Source: CafeF

Lợi nhuận Nam A Bank tăng 25%, chất lượng tài sản cải thiện rõ nét quý 2/2026

Nam A Bank reported pre-tax profit of 3.159 trillion VND for the first six months of 2026, up 25% year-on-year. Asset quality improved notably with the ratio of group 2 loans declining to 0.54% from 1.31% at end-2025, and the non-performing loan ratio falling to 1.47% from 2.16% at end-2025. The bank continued to achieve positive business results in the first half of the year.

• Key figures: Pre-tax profit (H1 2026): 3.159 trillion VND; Pre-tax profit growth YoY: 25 %; Group 2 loan ratio (H1 2026): 0.54 %; Group 2 loan ratio (End-2025): 1.31 %
• Source: CafeF

MB tối ưu vận hành với CIR chỉ 24,17%, phục vụ gần 40 triệu khách hàng

MB reported Q2 2026 consolidated financial results with continued double-digit profit growth driven by strong net interest income. As of June 30, 2026, MB’s total consolidated assets reached 1,733,013 billion dong, up 7.3% from end-2025, with credit outstanding at 1,256,084 billion dong, up 13.2%. The bank maintained efficient cost management with a cost-to-income ratio of 24.17% while serving nearly 40 million customers.

• Key figures: Tổng tài sản hợp nhất: 1.733.013 tỷ đồng; Tăng trưởng tài sản so với cuối năm 2025: 7,3 %; Dư nợ tín dụng: 1.256.084 tỷ đồng; Tăng trưởng dư nợ tín dụng: 13,2 %
• Source: CafeF

SeABank được Moody’s nâng xếp hạng tín nhiệm nhiều hạng mục, đánh giá triển vọng Tích cực

Moody’s Ratings upgraded SeABank’s credit ratings across multiple categories, including raising its Baseline Credit Assessment (BCA) to Ba3, long-term Counterparty Risk Ratings (CRRs) to Ba2, and long-term Counterparty Risk Assessment (CR) to Ba2(cr). The ratings agency maintained SeABank’s Ba3 rating for long-term deposits and issuer rating while assigning a positive outlook to the bank’s credit profile.

• Source: CafeF

Xuất hiện ngân hàng lãi gấp 25 lần cùng kỳ năm trước

A bank has reported pre-tax profit in Q2 2026 that increased more than 25 times compared to the same period in the previous year. As of July 21, 2026, ten banks have announced their six-month financial results, with Techcombank reporting profit of over 18,500 billion. The latest bank profit announcements show three additional banks reporting increases, with only one bank reporting a decrease so far.

• Key figures: Techcombank profit (6 months): 18,500 billion VND; Highest bank profit growth ratio: 25x times vs same period previous year; Banks announced results as of July 21, 2026: 10 banks
• Source: CafeF

Vietbank lãi trước thuế 777 tỷ đồng trong quý II/2026, gần gấp 3 lần cùng kỳ, cho vay khách hàng tăng mạnh

Vietbank reported pre-tax profit of 777 billion VND in Q2 2026, nearly three times higher than the same period in 2025. Total assets reached nearly 205 trillion VND as of June 30, up over 4% from end-2025, with customer loans increasing 11% to 120.3 trillion VND. Customer deposits reached nearly 104 trillion VND, up 2.4% from end-2025.

• Key figures: Pre-tax profit Q2 2026: 777 billion VND; Total assets as of 30 June 2026: 205 trillion VND; Total assets growth from end-2025: 4 %; Customer loans: 120.3 trillion VND
• Source: CafeF

OCB báo cáo lợi nhuận tăng hơn 30% trong 6 tháng đầu năm

OCB reported pre-tax profit of 1.246 trillion VND in Q2 2026, up nearly 25% year-over-year. Cumulative profit for the first six months of 2026 reached 2.470 trillion VND, representing a 30.5% increase. As of June 30, 2026, OCB’s total assets stood at 351.741 trillion VND, up approximately 9% from year-end.

• Key figures: Q2 2026 pre-tax profit: 1.246 trillion VND; Q2 2026 YoY profit growth: 25 %; H1 2026 cumulative pre-tax profit: 2.470 trillion VND; H1 2026 YoY profit growth: 30.5 %
• Source: CafeF

Macroeconomy

EVN chuẩn bị toàn diện cho dự án điện hạt nhân đầu tiên của Việt Nam

Vietnam’s state-owned power company EVN is preparing comprehensively for the country’s first nuclear power plant project. The company is addressing three major challenge groups while implementing five key solution groups to facilitate the construction. Vietnam is actively preparing to launch a nuclear power program, including investment in a new nuclear research reactor and expanding peaceful applications of atomic energy across multiple economic sectors.

• Source: CafeF

Giá trị khoa học công nghệ Việt từ công trình mỏ Đại Hùng

The Dai Hung oil field, which international petroleum corporations once deemed inefficient and sold for only 1 USD, has generated over 4.5 billion USD in revenue and now serves as a testament to Vietnamese engineers’ technological and scientific capabilities. The Dai Hung field (Block 05-1A, Nam Con Son basin) is located in deep waters 110-120 meters deep, approximately 265 km from Vung Tau. The field represents Vietnamese mastery in science and technology development.

• Key figures: Total revenue from Dai Hung oil field: 4.5 billion USD; Original sale price of Dai Hung field: 1 USD; Water depth of Dai Hung field: 110-120 meters; Distance from Vung Tau: 265 kilometers
• Source: CafeF

Vượt bẫy thu nhập trung bình: Không thể đi tiếp bằng mô hình tăng trưởng cũ

The World Bank’s classification of Vietnam as an upper-middle-income country from July 2026 marks a significant milestone but is not a certificate of development completion. With GNI per capita at approximately 5,000 USD and a target of 8,500 USD by 2030, Vietnam must shift from its traditional growth model of capital and cheap labor mobilization. The challenge ahead requires a fundamental change in growth trajectory rather than simply increasing investment and labor availability.

• Key figures: GNI per capita (current): 5,000 USD; GNI per capita target: 8,500 USD; Target year: 2030 year; World Bank classification effective date: July 2026 date
• Source: CafeF

TP phía Bắc chính thức khởi động đại công trình 6.200ha chưa từng có, nối với cầu vượt biển top Đông Nam Á

Hai Phong city officially launched a major 6,200-hectare development project, which will connect to a major Southeast Asian sea bridge. The city held a conference on July 30 to announce Prime Minister’s decisions on establishing an economic zone and launching the Hai Phong Free Trade Zone. The project aims to position Hai Phong as a model for growth innovation and contribute to national development.

• Key figures: Diện tích dự án: 6.200 hectare; Ngày khởi động: 30/7
• Source: CafeF

Mặt bằng lãi suất chưa hết áp lực khi nhu cầu vốn ở mức cao

Credit growth continues to outpace capital mobilization, widening the gap between the two amid elevated capital demand in the economy. Short-term liquidity in the interbank market has improved, but funding pressure, input costs, and maturity mismatches continue to narrow the scope for interest rate cuts. Second-quarter 2026 financial reports from multiple banks show credit growth accelerating while capital mobilization lags behind.

• Source: CafeF

Other

Hải Phòng có ‘siêu dự án’ mạch chip bán dẫn

Hai Phong granted investment certificates to 13 new and expanded projects with total capital of approximately 3.2 billion USD, including a 1 billion USD semiconductor chip manufacturing facility by LG Innotek in the city’s free trade zone. The city also signed 2 memoranda of understanding for industrial park infrastructure development cooperation. The certificates were awarded on July 30.

• Key figures: Total investment capital for 13 projects: 3.2 billion USD; LG Innotek semiconductor chip manufacturing facility capital: 1 billion USD; Number of new and expanded investment projects: 13 projects; Number of memoranda of understanding signed: 2 MOU
• Source: CafeF

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Summaries are AI-generated from public news sources and link to the originals. Neutral, factual, not investment advice.