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Thailand and Vietnam are poised to benefit significantly from Donald Trump's potential return to the White House, according to Kasikorn Asset Management. The anticipated increase in tariffs on Chinese goods is expected to redirect investments towards these Southeast Asian markets, enhancing their stock performance.
VinFast, the loss-making electric vehicle firm, will receive $3.35 billion in funding from its founder Pham Nhat Vuong and parent company Vingroup by 2026, as it aims to break even. Despite aggressive global expansion since 2019, the company faces increasing losses and challenges in demand, reporting a net loss of $773.5 million in Q2. The new funding will raise total capital to nearly $17 billion, while VinFast continues to seek independent financing to meet its needs.
Vietnam's pharmaceutical market is projected to grow at a CAGR of 7.96% through 2029, driven by an aging population, enhanced healthcare infrastructure, and government support for local production. The rise in chronic diseases necessitates greater access to pharmaceuticals, while challenges like counterfeit drugs highlight the need for improved regulatory oversight. Key players in the market are fostering innovation and sustainability, shaping a promising future for the sector.
VPBank reported a consolidated pre-tax profit of nearly VND 13.9 trillion for the first nine months of 2023, marking a 67% increase year-on-year, driven by strong interest income and effective debt collection strategies. The bank aims to leverage growth in retail, SMEs, and foreign direct investment segments, anticipating a recovery in the real estate market and increased demand for home loans. Despite challenges in the market, VPBank expects credit demand to strengthen, supported by improved macroeconomic indicators and government measures.
Vietnamese billionaire Pham Nhat Vuong has pledged to invest approximately $2 billion into VinFast Auto Ltd., a struggling electric vehicle manufacturer. Additionally, parent company Vingroup JSC plans to loan VinFast up to $1.38 billion and convert existing loans of about 80 trillion dong into preferred shares to ease financial pressures.
VPBank and JBIC have signed a $3 million credit agreement to support renewable energy projects in Vietnam, aligning with national emission reduction goals. The bank reported a 9-month pre-tax profit of nearly VND 13.9 trillion, driven by interest income, while maintaining a low bad debt ratio below 3%. Looking ahead, VPBank aims to enhance growth in retail, SMEs, and FDI segments, anticipating a recovery in the property market and increased demand for home loans and credit cards.
Vietnam's central bank is prepared to sell US dollars to stabilize the dong and maintain macroeconomic stability, according to State Bank Governor Nguyen Thi Hong. During a National Assembly meeting, she emphasized the need to curb inflation while managing commercial lending rates to avoid impacting the foreign currency market.
Investors in Asia are increasingly betting on stocks poised to benefit from Donald Trump’s potential return to the White House. Shares of Korean shipbuilders, Indian electronics manufacturers, Australian steel suppliers, and Vietnamese industrial parks have surged, driven by expectations of stricter global trade policies that could reshape supply chains and favor agile companies.
Vietnam’s VPBank (HoSE: VPB) and Dabaco (HoSE: DBC) have been added to the MSCI Frontier Markets Index in the latest review, which now includes 211 tickers. Vietnam maintains the largest weight in the index at 25%, followed by Romania and Morocco. Additionally, eight Vietnamese stocks were added to the MSCI Frontier Markets Small Cap Index, while six were removed, with DBC transitioning to the main index. Changes will take effect after the market close on November 29, with the next review scheduled for February 11, 2025.
VPBank has been recognized for the 6th consecutive time as one of the Top 20 enterprises with the highest ESG scores in the Vietnam Sustainable Development Index, outperforming industry averages in environmental, social, and governance components. With a market capitalization exceeding 156 billion USD, the bank continues to lead in sustainable practices, including implementing Climate-Related Financial Disclosure to support its net zero emissions goal. In Q3 2024, VPBank reported a pre-tax profit of nearly 67 trillion VND, reflecting a 13.9% increase year-on-year, while also securing a significant credit contract with JBIC for renewable energy projects.
Vietnamese Đồng
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