Research Center

PetroVietnam is boosting investment, signaling that domestic E&P activities should be increasingly vibrant in the next couple years. Block B – O Mon gas-to-power chain project is still the main driver for Vietnam’s O&G industry. We believe upstream service providers…

The new PDP8 favors toward gas-fired and wind power over 2021-30F period, after focusing on RE power from 2031F onward. We see gas-fired and coal-fired power using domestic coal to enjoy higher output mobilization under the weakening of hydropower in…

We expect Brent oil price to average at US$80-85 per barrel in FY23-24F as OPEC+ production cuts extension may cause the deficit in oil market. We see sharp outlook for upstream services providers as E&P activities are picking up in…

SBV issued Circular 06/2023 on June 28, 2023, amending articles about lending activities regulations of credit institutions and foreign bank branches. We believe that Circular 06/2023 will complete the legal framework for credit institutions’ lending, guiding capital flows to effective…

Automobile sales volume in the whole domestic market in 5M23 decreased by 36% yoy, reaching 113,527 units. We expect that preferential policies from the Government are the key drivers for the recovery of the automobile industry in 2H23F. Our stock…

There are some signals that 5.10 package – the largest package (worth VND35,233bn) at Long Thanh International Airport (LTIA) will find its contractor in Aug 2023, setting a premise for the project to accelerate the construction progress. We believe that…

Aggregated NP of listed fishery exporters recorded a decrease of 74% yoy in 1Q23 caused by weaker demand in main export market and 1Q22 high base. We expect the U.S market to be key driver for the Vietnam seafood export…

Domestic swine price increased 10.9% mom in May, reaching the highest level since the beginning of the year. We expect meat producers to record better results from FY23F regarding higher average swine price and lower input cost. We keep BAF…

Most of listed infra construction companies recorded positive revenue growth in 1Q23 and but their net margin dropped yoy mainly due to a lack of one-off gained profit and higher interest expenses. Expectations of strong public investment disbursement and high…

In 15 May 2023, the Power Development Plan 8 (PDP8) was officially approved, opening up a new chapter for Vietnam power sector. Under the strong energy transition scenario, large financial pressure to meet demand for power development. We see M&E…