Research Center

FTSE Vietnam ETF (FTSE ETF) will announce the results of a rebalancing of the FTSE Vietnam Index on 1 March 2019 while VanEck Vectors Vietnam ETF (V.N.M ETF) will publish the conclusion of a review of the MVIS Vietnam Index…

Vietnam’s GDP acceleration and currency stability in 2018 made it a standout in a maturing global economic cycle. US-China trade tensions and a slew of trade pacts have put Vietnam firmly on the global sourcing map. A slowing global economy,…

Ho Chi Minh City Stock Exchange (HOSE) will announce the results of a rebalancing of the VN30-Index on the next Monday (January 21st, 2019). This will officially take effect from the first Monday of February (February 4th, 2019). Following this,…

Hoa Phat Group: Advertising channel stretch a harbinger of desperation or a blitzkrieg campaign? Sabeco: Why aren’t you on elevator LCD screens? Vietjet: Wings clipped for now Please follow this link for the full report

The liberalisation of the power sector will boost competition and efficiency in the industry. Vietnam’s Wholesale Electricity Market (VWEM) is ready to go into official operation in 2019 If the VWEM begins official operations in 2019, it will be a…

Trade tensions are here to stay Despite the recent announcement of low-level trade talks between the US and China, a “slow-burn” trade war is likely to persist. Following the Trump administration’s first wave of tariffs against US$34bn worth of Chinese…

A diversified capital base could prolong the health of the Vietnam airline industry Vietnam is one of the most dynamic aviation markets in Asia-Pacific, with passenger volume rising by a 4-year CAGR (2013-17) of 19.9%. We believe a relaxation on…

The US Fed raised policy rates for the second time this year in the last meeting held in mid-June and they expect to follow through with two further rate hikes within the rest of 2018. The faster-than-expected return in inflation…

Inflation remains under control but is accelerating driven by rising oil prices and continued strong GDP growth. We foresee credit growth decelerating in the second half of 2018 driven by more hawkish talk by the SBV and the fact that…

Several external factors have coincided to catalyze a market rerating such as : a tightening of global liquidity, strengthening US dollar, rising oil prices, select large source countries of foreign portfolio capital into Vietnam are seeing improving domestic prospects.  We…