VTP - New Cross-Border Delivery & Logistics Projects to Fuel Growth - Visit Note
In this Visit Note, we provide our key takeaways from our site visit of VTP’s Viettel Lang Son Logistics Park in Lang Son Province (a northeastern...
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VHC [BUY +23.5%] - Earnings to Jump on Volume and ASP Solid Growth in 2025 - Update
We upgrade our rating to BUY from OUTPERFORM for VHC as we are positive on continuing demand recovery in both VHC’s pangasius filet and collagen &...
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Macro Update - Public Investment Disbursement Signals Acceleration
Manufacturing sub-sector IIP growth was strong in November. In 11M 2024, the overall IIP and manufacturing IIP increased 8.4% YoY and 9.7% YoY,...
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Vietnam Strategy 2025 - Three themes for 2025
GDP growth of 6.8% through 9M 2024 exceeded our expectations at the start of the year, led by recoveries in exports, inbound tourism and foreign...
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Fixed Income November 2024 - G-bond issuance drops on waning issuance pressure
In November, G-bond issuance declined for the third consecutive month to VND20.8tn (USD818.3mn), or 32.1% MoM, due to waning issuance pressure. As...
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