Vietnam Market Brief — Week 35, 2026

Overview

Vietnam’s stock market saw notable activity this week, with Techcombank shares reaching one-month highs following reports of strategic acquisition negotiations with international banks BNP Paribas and KB Kookmin Bank. On the regulatory front, Vietnam implemented stricter cryptocurrency controls through Decree 284/2026, establishing significant administrative penalties for unauthorized digital asset transactions effective September 1, 2026. The government is also prioritizing infrastructure development and energy security, with major projects like the Hanoi-Thai Nguyen-Cho Moi expressway under construction and efforts underway to maintain Long Thành Airport timelines amid ongoing project implementation challenges.

E-commerce

Toyota đầu tư thêm 283 triệu USD, chuẩn bị sản xuất xe hybrid tại Việt Nam

Toyota Vietnam completed investment project adjustment procedures on August 28, securing approval to modernize its manufacturing plant and expand hybrid vehicle production in Vietnam. The company received official investment adjustment decisions and certificates of investment registration for assembly, manufacturing, and related automotive services. The additional investment amounts to 283 million USD.

Key figures: Additional investment: 283 million USD USD; Investment approval date: 28/8 (August 28) date
Source: CafeF

Vinhomes bắt tay SGC làm 2 dự án đường sắt 38.561 tỷ đồng, từng bước kiến tạo ‘siêu đầu mối giao thông’ 260 ha tại Hà Nội

Vinhomes and SGC have partnered to develop two railway projects with a preliminary total investment of over 38,500 billion VND. These projects are expected to create an inter-regional freight transport corridor, reduce pressure on existing cross-city railway lines, and open new urban development space in southern Hanoi. The developments are part of a broader initiative to build a “super transport hub” spanning 260 hectares in Hanoi.

Key figures: Total preliminary investment for two railway projects: 38,500 billion VND; Area of super transport hub: 260 hectares; Bond issuance: 1,000 billion VND; Multi-purpose urban area total capital: 111,000 billion VND
Source: CafeF

Consumers

Thu nhập người Việt tăng cao

Vietnam’s economic growth has enabled millions to escape poverty over recent decades, according to The Borgen Project, a US non-profit organization. As household incomes rose and the country’s middle class expanded, consumer demand for goods and services continued to increase. Vietnam reduced its poverty rate from over 70% in the early 1990s to below 1% in recent years.

Key figures: Poverty rate in early 1990s: over 70% % of population; Poverty rate in recent years: below 1% % of population
Source: ThanhNien

Regulation

Ngay tháng sau, cá nhân có giao dịch tài sản mã hoá vi phạm điều này có thể bị phạt tiền lên đến 100 triệu đồng

Vietnam’s Decree 284/2026/ND-CP, issued on July 16, 2026, establishes administrative penalties for violations related to cryptocurrency assets and cryptocurrency markets, effective September 1, 2026. Individuals engaging in unauthorized cryptocurrency transactions face fines up to 100 million Vietnamese Dong. Providing cryptocurrency-related services without proper licensing incurs fines up to 200 million Vietnamese Dong under Article 7, Section 4 of the decree.

Key figures: Phạt tiền đối với giao dịch tài sản mã hóa không phép: 100 triệu đồng VND; Phạt tiền cung cấp dịch vụ mã hóa không có giấy phép: 200 triệu đồng VND; Ngày có hiệu lực: 1/9/2026 date
Source: CafeF

Những rủi ro khi KOL tự bán hàng

A notable case involves Vũ Hoàng Hải, operator of the popular social media channel Hải SaPa TV with millions of followers, who has been prosecuted in connection with business operations involving internet celebrities (KOLs). The case draws attention partly because Hải SaPa TV built its public image around content creation focused on food, culture, and lifestyle in Vietnam’s northwestern region. The creator’s personal image, close connection with followers, and large audience base have become particular advantages in such business ventures.

Source: ThanhNien

Quốc hội thông qua Luật Đầu tư sửa đổi, chuyển mạnh từ “tiền kiểm” sang “hậu kiểm”, loại bỏ rào cản

Vietnam’s National Assembly passed amendments to the Investment Law on August 24, 2024, with 474 out of 476 deputies voting in favor (94.80%). The revised law shifts from pre-approval (“tiền kiểm”) to post-approval (“hậu kiểm”) mechanisms and removes investment barriers. The law will take effect on March 1, 2027, with some provisions having different effective dates.

Key figures: Deputies voting in favor: 474 out of 476; Approval percentage: 94.80 %; Effective date: 1/3/2027 date
Source: VnEconomy

Quốc hội thông qua cơ chế đặc thù để xử lý vi phạm về kinh tế

The National Assembly has passed a resolution establishing special mechanisms and policies to handle violations of law related to state and private economics, as well as science and technology applications, innovation, and digital transformation. The resolution received broad support from the legislature. The resolution enters into force on September 1, 2026.

Key figures: Effective date: September 1, 2026
Source: VnEconomy

Chính thức giảm 30% thuế cho doanh nghiệp, cá nhân doanh thu dưới ngưỡng 10 tỷ đồng trong hai năm

The National Assembly officially approved a policy to reduce personal income tax and corporate income tax by 30% for two years (2026-2027) for businesses and self-employed individuals with annual revenue not exceeding 10 billion Vietnamese dong. The measure aims to reduce financial pressure, improve cash flow, and support small-scale business operations. The policy was passed during an extraordinary session of the National Assembly on August 24.

Key figures: Tax reduction rate: 30%; Policy duration: 2 years (2026-2027); Revenue threshold: 10 billion VND VND
Source: VnEconomy

Tách Dự án điện hạt nhân Ninh Thuận thành 3 dự án độc lập

The National Assembly voted on August 24 to separate the Ninh Thuan nuclear power project into three independent projects, with 476 out of 481 delegates approving (95.2% support rate). The Ninh Thuan nuclear power project will be divided into a compensation and resettlement support project and two nuclear power plant projects. The restructuring was approved during the first extraordinary session of the sixteenth National Assembly.

Key figures: Number of delegates voting in favor: 476; Total delegates participating: 481; Approval rate: 95.2%
Source: CafeF

Chính sách mới có hiệu lực từ tháng 9/2026

From September 1, 2026, multiple new policies take effect in Vietnam, including pension payments via VNeID digital identification and identity cards for children under 6 years old. The government issued Decree 284/2026/NĐ-CP on July 16, 2026, establishing administrative penalties for cryptocurrency-related services and markets. Unauthorized provision of cryptocurrency services faces penalties up to 200 million Vietnamese dong.

Key figures: Effective date of new policies: September 1, 2026; Maximum penalty for unauthorized cryptocurrency services: 200 million Vietnamese dong; Decree number: 284/2026/NĐ-CP; Decree issuance date: July 16, 2026
Source: BaoChinhPhu

Stock Market

Vốn hóa Nvidia tăng hơn 400 tỷ USD một phiên

Nvidia’s market capitalization increased by over $440 billion in a single trading session on August 27 after the company issued optimistic revenue guidance. The stock rose approximately 9%, bringing total market cap to $5.52 trillion. CFO Colette Kress projected 70% revenue growth for fiscal year 2028, while CEO Jensen Huang stated that demand growth is running even higher than 70%.

Key figures: Stock price increase: ~9% percent; Market cap increase: 440 billion USD; Total market capitalization: 5,520 billion USD; Projected revenue growth FY2028: 70% percent
Source: VnExpress

Cổ phiếu Techcombank tăng kịch trần

Techcombank shares surged to the highest level in one month, closing at 33,450 VND, after Reuters reported that France’s BNP Paribas and South Korea’s KB Kookmin Bank are in separate negotiations to acquire at least 15% stake in the bank. Techcombank may select one of these two banks as a strategic partner in a transaction reportedly valued at around 2 billion USD. The stock experienced significant volatility during trading despite fluctuating below reference price at several points.

Key figures: Closing price: 33,450 VND; Stake being negotiated: at least 15% %; Transaction value: around 2 billion USD
Source: VnExpress

Macroeconomy

Nga - Mỹ tranh giành thị trường năng lượng Ấn Độ

India is becoming increasingly important to both the US and Russia amid major global energy market disruptions caused by conflicts. India is currently the world’s third-largest crude oil importer, fourth-largest LNG buyer, and second-largest LPG importer. Russia wants India to continue purchasing crude oil despite risks of US tariff increases, while Washington is urging India to buy Venezuelan oil as an alternative.

Key figures: Vị trí nhập khẩu dầu thô của Ấn Độ toàn cầu: thứ ba; Vị trí mua LNG của Ấn Độ toàn cầu: thứ tư; Vị trí nhập khẩu LPG của Ấn Độ toàn cầu: thứ hai
Source: VnExpress

Hạ tầng mở không gian phát triển chiến lược

Vietnam is entering a major infrastructure investment phase to support strategic double-digit growth targets for 2026-2030. The Hanoi-Thai Nguyen-Cho Moi expressway project, spanning 100 km with a total investment of over 21,000 billion VND, officially began construction in late June, approximately 5 months after Thai Nguyen province assigned the investment preparation task. The project represents part of Vietnam’s accelerated infrastructure development strategy to support economic expansion.

Key figures: Hanoi-Thai Nguyen-Cho Moi expressway length: 100 km; Total investment for expressway project: 21000 billion VND; Time from investment preparation assignment to groundbreaking: 5 months
Source: ThanhNien

Nhiều dự án điện trọng điểm nguy cơ chậm tiến độ

Multiple key power generation and grid projects risk delays in the 2028-2030 operational phase, potentially affecting Vietnam’s energy security objectives. Deputy Minister of Industry and Trade Trương Thanh Hoài raised the issue at a meeting on critical energy sector projects chaired by Prime Minister Phạm Gia Túc on August 28. The Ministry of Industry and Trade noted that project timelines have shown positive progress compared to late last year, particularly for the gas-power Lot B chain.

Source: VnExpress

Kinh tế Canada phục hồi mạnh trong quý II

Canada’s economy rebounded strongly in the second quarter with GDP growth of 3.3%, the highest rate since 2023, exceeding the central bank’s forecast of 2.5% from July. Exports and consumer spending were the primary drivers of growth, with exports rising 3.6%, the highest increase in over three years. This recovery follows nearly six months of negligible economic growth.

Key figures: GDP growth rate Q2: 3.3% %; Export growth: 3.6% %; Bank of Canada forecast (July): 2.5% %; Highest GDP growth rate since: 2023 year
Source: VnExpress

Khơi thông hàng triệu tỉ tồn đọng từ các dự án ‘đắp chiếu’

As of July 31, the Ministry of Finance reported that System 751 identified 4,619 projects facing difficulties and obstacles. Among these, 3,984 projects were reviewed and classified into 6 categories by central and local agencies, while 635 projects remain unprocessed. The Prime Minister directed ministry heads, agency leaders, and provincial authorities to implement solutions to unblock these projects.

Key figures: Tổng số dự án gặp khó khăn: 4.619; Dự án đã được rà soát, phân loại: 3.984; Dự án chưa được rà soát, phân loại: 635; Số nhóm phân loại: 6
Source: ThanhNien

Việt Nam - tâm điểm trong chuỗi cung ứng toàn cầu

Vietnam is attracting record levels of foreign direct investment (FDI) and strengthening its position as a strategic manufacturing and technology hub in global supply chains. The country benefits from solid macroeconomic fundamentals and long-term structural trends. Strong capital inflows from across Asia, combined with consistent infrastructure development strategies, continue to support Vietnam’s transformation.

Source: ThanhNien

Hơn 808.000 tỷ đồng thực hiện Chương trình mục tiêu quốc gia giai đoạn 2026 - 2030

Vietnam’s National Assembly approved a national target program for cultural-social development, rural development, ethnic minorities, and mountainous regions for 2026-2035 on August 24th with 477 out of 478 votes in favor. The program consolidates four previously approved national target programs into a unified framework. The program has allocated over 808,000 billion Vietnamese dong for implementation during the 2026-2030 period.

Key figures: National Assembly vote in favor: 477/478; Program budget for 2026-2030: 808,000 billion Vietnamese dong
Source: VnEconomy

Other

Qualcomm hướng tới xây dựng Việt Nam thành trung tâm R&D AI lớn thứ ba toàn cầu

On August 27 in Hanoi, Vietnam’s Party General Secretary and President Tô Lâm met with Cristiano Amon, Chairman and CEO of Qualcomm Corporation. Vietnam affirmed the importance of its relationship with the United States and expressed satisfaction with the stable and substantive development of bilateral relations, particularly since the establishment of the Comprehensive Strategic Partnership framework in 2023. Qualcomm is pursuing the development of Vietnam into a major AI R&D hub, positioning it as the third-largest globally.

Source: VnEconomy

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