Vietnam Market Brief — Week 46, 2026

Overview

Vietnam’s economy showed strong momentum this week with record trade and investment milestones: goods trade exceeded $1 trillion in the first ten months of 2026, FDI registrations hit their highest level since 2009 at $54.85 billion, and Bac Ninh province became the first locality to reach $100 billion in exports. Domestically, the government outlined plans to mobilize 6–6.4 quadrillion Vietnamese dong in investment capital to achieve 10% growth in 2027, while focusing on inflation control and currency stability. On corporate fronts, steel manufacturer Ton Dong A listed on Ho Chi Minh City Stock Exchange, and Masan Group signed a partnership with Japan’s Sojitz for expanded product distribution in semiconductor and AI infrastructure sectors.

E-commerce

Tôm Việt và mối lo từ Ecuador

Vietnam’s shrimp exports reached $4.22 billion in the first 10 months of 2026, up 9% year-on-year, but with mixed performance across segments—tiger shrimp only grew 4% while blue lobster accounted for about 62% of the overall shrimp group’s growth. Shrimp exports to the United States declined 19.1% during the same period. Competition with Ecuador emerged as a central concern at Vietnam Seafood Summit 2026’s opening session held by VASEP in Can Tho on November 11.

• Key figures: Shrimp exports (10 months 2026): 4.22 billion USD; Shrimp export growth (10 months 2026): 9 %; Tiger shrimp growth (10 months 2026): 4 %; Blue lobster contribution to shrimp group growth: 62 %
• Source: ThanhNien

Regulation

Cuối năm, dồn dập các chiêu lừa đảo mới

Vietnam’s Ministry of Public Security has issued a warning about 25 prevalent fraud scenarios, concentrated around 5 main deceptive tactics. A prominent method involves impersonating government agencies, organizations, and institutions—including police, prosecutors, courts, banks, schools, hospitals, social insurance agencies, and utilities—to steal assets. Fraudsters use fake branded SMS messages to request personal information, OTP codes, account passwords, or fund transfers.

• Key figures: Số kịch bản lừa đảo được cảnh báo: 25
• Source: ThanhNien

Sang năm 2027, hàng loạt quy định mới về BHXH chính thức có hiệu lực, tác động đến hàng triệu lao động

From January 1, 2027, new regulations on social insurance take effect, impacting millions of workers in Vietnam. Decree No. 399/2026/NĐ-CP establishes new minimum wage standards for workers under labor contracts, replacing Decree No. 293/2025/NĐ-CP. These changes will also adjust various worker benefits starting from 2027.

• Source: CafeF

Chậm hoàn thuế: Doanh nghiệp có thể đòi bồi thường?

The Finance Minister Ngô Văn Tuấn affirmed that tax officials are responsible and may owe material compensation if they delay processing complete and compliant tax refund applications. However, with the mechanism that provided 0.03% daily interest for delayed tax refund decisions now abolished, enterprises face uncertainty about how to claim their rights. The article discusses the regulatory framework governing tax refund delays and compensation.

• Key figures: Interest rate for delayed tax refund decisions: 0.03% per day %/day
• Source: CafeF

Stock Market

CEO tạm quyền của Nvidia là ai?

Nvidia announced on November 12 that CEO Jensen Huang is stepping down after 33 years leading the AI chip company. Chief Financial Officer Colette Kress, who joined Nvidia in 2013, will serve as interim CEO. This marks the first leadership transition at the top of the world’s leading AI chip manufacturer.

• Source: VnExpress

Tài sản của Jensen Huang giảm tiếp hơn 6 tỷ USD

Nvidia’s stock price fell 4.3% on November 12 following an announcement by CEO Jensen Huang. At intraday lows, the stock declined as much as 14% before recovering somewhat by market close. Huang’s personal wealth decreased by $6.4 billion, marking the largest single-day wealth loss globally on that date.

• Key figures: Nvidia stock decline: 4.3% percent; Intraday decline at worst: 14% percent; Jensen Huang wealth decrease: 6.4 billion USD; Nvidia market capitalization at close: 4,010 billion USD
• Source: VnExpress

Jensen Huang từng nói gì về chuyện kế nhiệm?

Nvidia announced on November 12 that CEO Jensen Huang resigned from his position, with CFO Colette Kress assuming the role of interim CEO. The announcement came approximately one week after a scandal involving Huang. Nvidia’s Board of Directors held a meeting on November 11 to decide the CEO’s future at the company.

• Source: VnExpress

Tôn Đông Á chính thức lên sàn chứng khoán TP.HCM với mã GDA

Ton Dong A officially listed on Ho Chi Minh City Stock Exchange under ticker GDA with opening day trading at 12,600 dong per share, up 600 dong, achieving a market capitalization of over 1,878.6 billion dong. Founded in 1998, the company operates two steel manufacturing facilities in Thu Dau Mot and Song Than 1 with combined annual production capacity of 800,000 tonnes. The company distributes products through more than 1,700 domestic dealers and exports to over 50 countries and regions.

• Key figures: Opening day stock price: 12,600 dong per share; Opening day price increase: 600 dong; Market capitalization on opening day: 1,878.6 billion dong; Year founded: 1998 year
• Source: ThanhNien

SGI Capital: Chứng khoán vẫn còn nguy cơ vỡ nợ margin

SGI Capital reports that total outstanding margin debt in Vietnam’s securities market reached a record 457.5 trillion VND. A portion of shareholders are increasing margin borrowing and then withdrawing capital for other purposes, contrasting with retail investors who are reducing trading activity and limiting leverage. This behavior creates potential margin call risks in the market.

• Key figures: Total outstanding margin debt: 457.500 trillion VND VND
• Source: VnExpress

Vonfram tiếp tục ‘sốt’ giá: Nền tảng chế biến của MSR duy trì vị thế chiến lược

Masan Group and Japan’s Sojitz Corporation signed a memorandum of understanding on November 9, under which Sojitz plans to acquire 5% stake in Masan High-Tech Materials (MSR) and establish long-term product distribution agreements for MSR’s tungsten and fluorite products in Japan targeting customers in semiconductors, AI infrastructure, aerospace, and automotive sectors. The parties aim to finalize formal agreements before end of 2026. This follows Elmet from the United States becoming a shareholder of MSR in October.

• Key figures: Stake acquisition by Sojitz: 5% %; MOU signing date: November 9 date; Target formal agreement completion: End of 2026 date
• Source: ThanhNien

Macroeconomy

Đón đọc Tạp chí Kinh tế Việt Nam số 45-2026

Vietnam’s trade-in goods reached a record milestone of over $1,000 billion in the first ten months of 2026. Foreign direct investment (FDI) registrations hit their highest level since 2009, reaching $54.85 billion. Actual FDI disbursements also reached their highest level in five years.

• Key figures: Total import-export turnover: >1,000 billion USD; Registered FDI: 54.85 billion USD; Registered FDI record since: 2009 year; Actual FDI highest level in: 5 years
• Source: VnEconomy

Tăng trưởng 10% năm 2027: Cần huy động 6–6,4 triệu tỷ đồng vốn đầu tư

Vietnam’s Prime Minister Lê Minh Hưng presented a report to the National Assembly on November 12 addressing macroeconomic stabilization, growth acceleration, resource mobilization, and social security. Achieving 10% growth in 2027 requires mobilizing 6–6.4 quadrillion Vietnamese dong in investment capital. The government prioritizes inflation control, currency stability, and macroeconomic foundation strengthening.

• Key figures: Target economic growth: 10% %; Investment capital required: 6–6.4 million billion Vietnamese dong; Year of target: 2027 year
• Source: VnEconomy

Giá vàng thế giới lao dốc, xuống thấp nhất hơn một năm

Gold prices plummeted to their lowest level in over a year, with spot prices falling $110 to $3,876 per ounce at the close of trading on November 12. Intraday prices dropped more than $130 from previous levels to reach their lowest point since October 2023, marking the third consecutive session of decline. The sharp sell-off was triggered by U.S. President Donald Trump’s statement on social media that the U.S. does not need a deal with Iran.

• Key figures: Gold price close (spot): 3,876 USD/oz; Intraday gold price decline: 130 USD/oz; Session close decline: 110 USD/oz; Consecutive declining sessions: 3 sessions
• Source: VnExpress

Bổ sung 1.200 MW cho miền Bắc, Nhà máy Nhiệt điện Nam Định I bao giờ vận hành?

The Nam Định I Thermal Power Plant project with a capacity of 1,200 MW has recently signed a BOT (Build-Operate-Transfer) contract in Hanoi. The plant is expected to commence commercial operation in 2030 and will help ensure energy security and meet rising electricity demand in northern Vietnam. The project represents a significant infrastructure investment for the northern region.

• Key figures: Capacity: 1,200 MW; Expected commercial operation start: 2030 year
• Source: CafeF

Lộ diện địa phương đầu tiên và duy nhất cán mốc 100 tỷ USD xuất khẩu trong 10 tháng năm 2026

Bac Ninh province became the first and only locality to reach $100 billion in exports during the first 10 months of 2026. The province’s total import-export turnover for the 10-month period reached over $205 billion, leading all provinces nationwide. In October alone, Bac Ninh recorded a trade surplus of over $634 million amid continued positive results in industrial production and investment attraction.

• Key figures: Total import-export turnover (10 months of 2026): over 205 billion USD; Exports (10 months of 2026): 100 billion USD; Trade surplus (October 2026): over 634 million USD
• Source: CafeF

Tổng Bí thư, Chủ tịch nước Tô Lâm đề nghị một số tập đoàn Nhật Bản đầu tư vào hạ tầng chiến lược, tài chính, năng lượng sạch, công nghệ và chuỗi giá trị mới

Vietnam’s Party General Secretary and State President Tô Lâm met with leaders of Japanese corporations including Sojitz, SBI Holdings, Sumitomo Mitsui Financial (SMBC), AEON, Mizuho Bank, and Erex Corporation in Tokyo on November 9. He praised Japanese businesses’ contributions to Vietnam’s economic development and emphasized a desire to shift from project-based investment cooperation to strategic long-term partnerships. The discussions centered on investment in strategic infrastructure, finance, clean energy, technology, and new value chains.

• Source: VnEconomy

Phát hiện kho báu lớn thứ 3 thế giới, Việt Nam lập tức vào cuộc khai thác

Vietnam has identified what is reported as the world’s third-largest mineral resource deposit. A large-scale industrial project covering over 6,600 hectares across multiple communes and wards in Lam Dong province has been proposed by the Vietnam Coal and Mineral Industries Group (TKV). The project is expected to contribute approximately 500 billion VND annually to the state budget and create around 800 jobs during construction and operation phases, with total planned investment exceeding 5,200 billion VND over a planned 30-year operational period.

• Key figures: Diện tích đất dự án: 6.600 hectare; Tổng vốn đầu tư dự kiến: 5.200 tỷ đồng; Đóng góp ngân sách hàng năm: 500 tỷ đồng; Số lao động trong giai đoạn xây dựng và vận hành: 800 người
• Source: CafeF

Kỳ tích cắt ‘đỉnh’, giảm giá xăng dầu

Vietnam’s Ministry of Commerce reported unprecedented volatility in global energy markets during 2026, with Brent crude oil prices spiking from 98.96 USD/barrel before US-Iran military tensions to a peak of 118.35 USD/barrel, representing a 67% increase. Domestic diesel prices surged from 19,279 VND/liter (before March 5) to a record high of 44,788 VND/liter on April 3. E10RON 95 gasoline also reached a record peak of 33,840 VND/liter during the same period.

• Key figures: Brent crude oil price before US-Iran tensions: 98.96 USD/barrel; Brent crude oil peak price: 118.35 USD/barrel; Percentage increase in Brent crude: 67 %; Domestic diesel price before March 5: 19,279 VND/liter
• Source: ThanhNien

Tổng Bí thư, Chủ tịch nước Tô Lâm đề nghị tập đoàn Nhật Bản đầu tư vào hạ tầng chiến lược, tài chính, năng lượng sạch, công nghệ và chuỗi giá trị mới

Vietnam’s Party General Secretary and President Tô Lâm met with leaders of Japanese conglomerates including Sojitz, SBI Holdings, Sumitomo Mitsui Financial, AEON, Mizuho Bank, and Erex during an official visit to Tokyo on November 9. He requested their investment in strategic infrastructure, finance, clean energy, technology, and new value chains. He emphasized Vietnam’s desire to shift from project-by-project investment cooperation toward strategic long-term partnerships.

• Source: VnEconomy

Việt Nam – Nhật Bản ký kết 11 văn kiện hợp tác trong nhiều lĩnh vực chiến lược

Vietnam and Japan signed 11 cooperation documents covering multiple strategic sectors on November 9, 2024, in Tokyo. General Secretary and President Tô Lâm and Japanese Prime Minister Takaichi Sanae witnessed the signing of 9 out of the 11 documents. The agreements include a framework agreement on facilitating Japanese non-refundable aid projects and a loan agreement with Japan International Cooperation Agency (JICA) for infrastructure and energy projects including a thermal power plant construction.

• Source: VnEconomy

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