Monthly Report

Market Update Oct/2026: Elevated term funding costs could push VN-Index towards 1,600–1,650

November 10, 2026

We see a further 5-8% decline in VN-Index to 1,600–1,650 in November 2026. One-year CD yields at 8.28% and three-month interbank rates at 7.56% have yet to respond to Official Letter 9608, while we forecast earnings growth outside Vingroup... Read more

Monthly Report

Monthly Report Oct/2026: Inflation could ease towards the 4.5% target from November

November 10, 2026

We forecast CPI at 3.9% YoY in November and a 2026 average of 4.45%, below the 4.5% target, after E10 RON95-III petrol prices fell VND 5,130/litre in early November. Major banks cut posted deposit rates by c.50bp under Letter... Read more