Analysis Center

22
July
PVB – Brief – [NONRATED] – 2Q25: Full speed ahead
PVB’s revenue stood at VND232bn in 2Q25 (+262% yoy, +119% qoq), as PVB is operating at full capacity. Thus, 6M25 revenue fulfilled 62% of BOD’s 2025 plan. Gross profit came...

22
July
Market traders: Proprietary and foreign investors showed a consensus in net buying
By investor group, trading activity among both domestic individuals and institutions maintained upward momentum, increasing by 13.8% and 14.4% respectively compared to the prior week.

22
July
Derivatives: Profit-taking pressure
The risk of a technical pullback is increasing. Therefore, investors may consider staying on the sidelines for now and wait for more favorable entry points.

22
July
Market commentary: Supply pressure increases
The market faced selling pressure as the index approached a high-price zone, mostly driven by short-term profit-taking sentiment. Nonetheless, the uptrend remains intact, with the index staying above most key...

21
July
CNG – Earnings review – [HOLD] – 2Q25: Aggressive expansion strategy
CNG's 2Q25 volume and revenue upped 36% and 30% yoy CNG's 2Q25 NPAT reached VND37bn, -17% yoy Selling expenses surged on aggressive market expansion

21
July
SBV supports liquidity while USDVND rises
This week, the SBV recorded a significant injection through the repo instrument to support the banking system amid a tighter liquidity condition, with short-term interbank rates surging. On the FX...

21
July
Covered warrant: Liquidity hits new high again
The warrant market remained vibrant last week as liquidity continued to hit new highs, extending the multi-week uptrend. Additionally, the number of advancing warrants continued to dominate, reflecting sustained inflows...

21
July
Derivatives: Uptrend maintained
While the short-term uptrend appears to be confirmed, the possibility of a technical pullback remains. Traders are therefore advised to stay cautious at this stage and wait for appropriate entry...

21
July
Market commentary: Market divergence
With the market recording three consecutive gaining sessions and liquidity remaining elevated, demand continues to dominate. This suggests the uptrend is stable and likely to extend in upcoming sessions. As...