Vietnam Market Brief — Week 34, 2026

Overview

Vietnam’s stock market received a boost this week as FTSE Russell added 27 Vietnamese stocks to its FTSE All-Cap index, including six major names like VCB, VIC, and VHM, marking Vietnam’s official transition to the Secondary Emerging category. On the regulatory front, the National Assembly passed tax reduction measures offering 30% relief on personal and corporate income for qualifying businesses and individuals in 2026-2027, while also approving an amended Petroleum Law designed to attract investment in the energy sector. Economic data showed improved growth momentum with Q2 GDP expanding 8.39% year-over-year, though forecasters remain mixed on underlying fundamentals, while separate infrastructure developments include Singapore’s approved investment in Da Nang’s new industrial zone.

Logistics

“Siêu cầu” vượt sông Hồng hơn 16.000 tỷ đồng đạt tiến độ “thần tốc”, dựng vòm thép vô cực sau 8 tháng

The Trần Hưng Đạo Bridge across the Red River, worth over 16,000 billion Vietnamese dong, has achieved rapid construction progress since commencing on December 19, 2025. The project is being hailed by experts for its impressive timeline and is expected to serve as a vital transportation link connecting Hanoi’s central areas to eastern development zones. Construction is organized across 17 parallel work fronts on both land and underwater, employing simultaneous execution of multiple sections rather than sequential completion.

Key figures: Giá trị dự án: hơn 16.000 tỷ đồng VND; Ngày khởi công: 19/12/2025 date; Số mũi thi công: 17 count
Source: CafeF

Regulation

Đàm phán thương mại Mỹ - Canada đổ bể

US-Canada trade negotiations collapsed on August 21 evening, with Canada rejecting completion of a trade deal according to agreed terms earlier in the week. Following the breakdown, the US officially imposed 50% tariffs on $20 billion of Canadian goods starting August 22, and Canada announced retaliatory measures.

Key figures: Tariff rate on Canadian goods: 50% percent; Value of goods subject to tariffs: 20 billion USD; Tariff implementation date: 22/8 date
Source: VnExpress

Quốc hội chốt loạt ưu đãi nhằm tăng thu hút đầu tư dầu khí

The National Assembly passed an amended Petroleum Law with 94.2% approval on August 23, introducing a series of incentive policies to attract petroleum investment. The law, comprising 12 chapters and 62 articles, is built on five main policy groups and increases cost recovery rates for marginal fields. The law takes effect from March 1, 2027.

Key figures: National Assembly approval rate: 94.2 %; Law chapters: 12 chapters; Law articles: 62 articles; Law effective date: 1/3/2027 date
Source: VnExpress

Nhà nước định giá đất sẽ giúp giảm giá nhà

The Prime Minister emphasized land pricing as a critical factor affecting housing costs and economic input. The government plans to establish state-determined land prices based on scientific data and transparent methodology. Administrative procedures and land valuation are identified as key drivers of overall project costs and housing prices.

Source: ThanhNien

Hộ kinh doanh nào có thể được giảm 30% thuế?

The Finance Minister announced that 99.98% of current business households have annual revenue below 10 billion VND and are eligible for a 30% tax reduction. On August 22, the National Assembly discussed a resolution on reducing personal income tax and corporate income tax for individuals and businesses. The Government’s draft resolution proposes a 30% tax reduction for individuals in the 2026-2027 tax period for business income from operations with annual revenue not exceeding 10 billion VND.

Key figures: Percentage of business households eligible for tax reduction: 99.98%; Revenue threshold for tax reduction eligibility: 10 billion VND per year; Tax reduction rate: 30%; Tax period for reduction: 2026-2027
Source: VnExpress

Hoàn thiện pháp luật về đất đai theo hướng kiến tạo, đi trước, mở đường cho phát triển

The National Assembly of Vietnam discussed on August 21 policy directions for amending the 2024 Land Law, which delegates characterized as a critical political task. The amendment aims to institutionalize Resolution 21-NQ/TW and balance land as both a special national resource and a fundamental asset tied to property rights, housing, and citizens’ livelihoods. The amendment is intended to meet three concurrent criteria though the source excerpt does not specify all three criteria.

Key figures: National Assembly discussion date: August 21; Land Law amendment year: 2024
Source: VnEconomy

Hơn 20.500 doanh nghiệp bị ‘bêu tên’ vì chậm, trốn đóng BHXH: FLC, BKAV, California Fitness… đều có mặt

Hanoi’s Social Insurance Fund released a public list of 20,588 organizations that were late or failed to pay social insurance, health insurance, and unemployment insurance contributions. The data was compiled through July 31, 2026 and extracted on August 5, 2026, comprising 1,584 pages. The list includes major companies and conglomerates such as FLC, BKAV, and California Fitness.

Key figures: Số doanh nghiệp chậm/trốn đóng BHXH, BHYT, BHTN: 20.588; Số trang danh sách: 1.584; Ngày tổng hợp dữ liệu: 31/7/2026; Ngày trích xuất dữ liệu: 5/8/2026
Source: CafeF

Nới rộng diện giảm thuế

On August 21, Vietnam’s National Assembly approved a draft resolution to reduce personal income tax (PIT) and corporate income tax (CIT) as part of an extraordinary session agenda. The resolution stipulates a 30% reduction in PIT obligations for tax years 2026 and 2027 for individual residents with annual business revenues not exceeding 10 billion VND. A corresponding reduction in CIT is also included in the draft resolution.

Key figures: Tax reduction rate: 30% percent; Tax reduction period: 2026-2027 years; Annual revenue threshold for PIT reduction: 10 billion VND; Approval date: 21.8 date (August 21)
Source: ThanhNien

Ông Lê Viết Hải - Chủ tịch HĐQT HBC có thể sẽ bị tạm hoãn xuất cảnh

Hoà Bình Construction Group Corporation (HBC) has accumulated tax arrears totaling 41.59 billion Vietnamese dong, with over 39.26 billion dong overdue for more than 90 days. The arrears include personal income tax from salaries (13.57 billion dong), corporate income tax from real estate transfers (63.8 million dong), value-added tax (18.13 billion dong), individual investment income tax (70.5 million dong), and late payment penalties (3.92 billion dong). The company’s board chairman, Ông Lê Viết Hải, may face travel restrictions as a result of the significant tax debt.

Key figures: Total tax arrears: 41.59 billion dong billion VND; Overdue tax (over 90 days): 39.26 billion dong billion VND; Personal income tax from salaries: 13.57 billion dong billion VND; Value-added tax: 18.13 billion dong billion VND
Source: ThanhNien

20 doanh nghiệp Việt bị điều tra chống bán phá giá thép không gỉ cán nguội

Taiwan’s financial regulator initiated an anti-dumping investigation into flat cold-rolled stainless steel products imported from Vietnam on August 18. The investigation was triggered by a petition from Yieh United Steel Corporation and Tang Eng Machinery Corporation. According to Vietnam’s Ministry of Commerce’s Trade Defense Department, approximately 20 Vietnamese enterprises are subject to the investigation.

Key figures: Number of Vietnamese enterprises under investigation: 20; Investigation date: August 18
Source: CafeF

Người thi hành công vụ cố ý gây thiệt hại phải bồi thường 30-50 tháng lương

The National Assembly passed amendments to the State Compensation Liability Law on August 23rd with 470 of 471 voting deputies in favor. The new law requires civil servants who intentionally cause damage but are not subject to criminal prosecution to compensate between 30-50 months of salary, with a maximum cap of 50% of the amount the State has already compensated. The amendments represent modifications and supplements to the existing State Compensation Liability Law.

Key figures: National Assembly deputies voting in favor: 470 of 471; Compensation period: 30-50 months of salary; Maximum compensation cap: 50% of State-compensated amount
Source: CafeF

Điện rác: Kiến nghị cơ chế giá FIT hoặc khung giá đủ sức giải bài toán rác thải và năng lượng

Waste-to-energy projects require substantial capital, long payback periods, and complex technology. The proposed waste-to-energy electricity tariff framework for 2026 is expected to decrease by 7.64% compared to 2025, though investors contend that input parameters do not fully reflect actual costs. Accurate and sufficient pricing is critical to attracting investment and simultaneously addressing waste management and energy supply challenges.

Key figures: Waste-to-energy electricity tariff reduction: 7.64% % decrease 2026 vs 2025
Source: CafeF

Stock Market

Việt Nam có 27 cổ phiếu vào rổ chỉ số mới nổi của FTSE

FTSE Russell added 27 Vietnamese stocks to FTSE All-Cap in its September semi-annual review of the FTSE Global Equity Index Series for the Asia-Pacific region (excluding Japan and China). The six major and mid-cap stocks included in this addition are VCB, VIC, VHM, BID, HPG, and VPB. Vietnam is officially transitioning to the Secondary Emerging category within FTSE’s classification system.

Key figures: Vietnamese stocks added to FTSE All-Cap: 27; Major and mid-cap stocks in the addition: 6
Source: VnExpress

Macroeconomy

Canada sẽ áp thuế trả đũa Mỹ từ tháng 9

The Canadian government announced retaliatory tariff measures against the United States effective September 8, following the breakdown of trade negotiations between the two countries. The United States officially imposed 50% tariffs on $20 billion of goods imported from Canada starting August 22. Canada’s retaliatory tariffs are targeted at steel, dairy, agricultural equipment, pulp and paper, and other goods.

Key figures: US tariff rate on Canadian goods: 50% percent; US tariff value on Canadian goods: 20 billion USD; US tariff implementation date: 22/8 date; Canadian retaliatory tariff implementation date: 8/9 date
Source: VnExpress

Vốn đầu tư Singapore vào Việt Nam dịch chuyển sang công nghệ, tài chính

Singapore has approved investment in the new VSIP Da Nang Industrial Zone, one of a series of industrial parks representing a major portion of Singapore’s capital in Vietnam. Da Nang approved the investment plan for VSIP Da Nang in July with a scale of approximately 250 hectares and total capital of around 3.730 trillion dong (equivalent to 138 million USD), with a 50-year operational term. Large Singapore conglomerates have achieved success in Vietnam through industrial zone investments and other ventures.

Key figures: VSIP Da Nang scale: approximately 250 hectares; VSIP Da Nang total capital: 3.730 trillion dong; VSIP Da Nang capital equivalent: 138 million USD; VSIP Da Nang operational term: 50 years
Source: ThanhNien

Bức tranh tăng trưởng 2026: Động lực bứt phá và thách thức phía trước

Vietnam’s economic growth outlook for 2026 shifted from cautious early-year forecasts to more optimistic sentiment following Q2 2026 GDP data showing 8.39% year-over-year growth. Multiple macroeconomic indicators are displaying positive signals that have improved expectations for Vietnam’s economic prospects. However, forecasting organizations have made inconsistent adjustments to their projections, reflecting different assessments of domestic fundamentals, risks, and growth quality.

Key figures: Q2 2026 GDP growth rate: 8.39% year-over-year
Source: VnEconomy

‘Siêu El Nino’ tác động mạnh đến Việt Nam thế nào?

Vietnam’s National Center for Hydrometeorological Forecasting reports that El Niño is currently in a strong intensity state with a tendency to continue intensifying. As of the second week of August, sea surface temperatures in the Nino 3.4 region are 1.8°C above average. Forecasts indicate that from September to November 2026, El Niño will maintain strong to very strong intensity, with particularly very strong conditions expected from October to December 2026 with a 95% probability.

Key figures: Sea surface temperature anomaly in Nino 3.4 region (as of second week of August): 1.8 °C above average; Probability of very strong El Niño intensity (October-December 2026): 95 %
Source: ThanhNien

Áp lực “giải” bài toán huy động 450 tỷ USD cho phát triển hạ tầng

Vietnam faces significant pressure to mobilize $450 billion USD for infrastructure development over the 2026-2030 period. According to experts speaking at a workshop on August 20 organized by VIS Rating, CGIF, and Moody’s Ratings, the country must compress a massive volume of infrastructure investment into just five years. Of the $450 billion needed, approximately $150 billion is expected from a specific source, though the source text is incomplete.

Key figures: Infrastructure funding requirement (2026-2030): 450 billion USD USD; Expected funding from partial source: 150 billion USD USD; Timeframe for infrastructure investment compression: 5 years years
Source: VnEconomy

Tái định hình mô hình tăng trưởng: Từ “nhiều hơn” sang “tốt hơn”

Vietnam is entering a development phase requiring higher performance standards. For the 2026–2030 period, achieving GDP growth targets above 10% per year raises questions about not just growth speed but the mechanisms through which the economy will generate such growth. According to estimates from the Central Policy and Strategy Board, reaching above 10% annual growth requires TFP (Total Factor Productivity) to increase by approximately 5.5% annually, compared to roughly 2.92% annually during 2021–2025.

Key figures: GDP growth target: above 10% per year %/year; Required TFP growth for 2026–2030: 5.5 %/year; Actual TFP growth in 2021–2025: 2.92 %/year
Source: VnEconomy

Thủ tướng yêu cầu xử lý dứt điểm 4.619 dự án tồn đọng, kéo dài

On August 22, the Prime Minister issued Directive 58/CĐ-TTg requiring ministries, provincial authorities, and state media to urgently review, classify, and propose solutions to resolve difficulties in 4,619 stalled and protracted projects. The directive aims to implement conclusions and resolutions from the Party’s central body and the Politburo. According to the directive, 635 projects remain unreviewed and unclassified.

Key figures: Total stalled, protracted projects: 4,619 projects; Projects not yet reviewed and classified: 635 projects
Source: VnEconomy

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