Three-day losing streak wipes nearly 70 points off benchmark amid broad sell-off in banking, real estate, and brokerage shares.
Vietnam’s stock market began the week deep in the red as the VN-Index plunged nearly 23 points Monday, marking its third consecutive session of steep losses and dragging the benchmark down almost 70 points in total. Despite an early rebound attempt that briefly pushed the index up over 10 points, selling pressure quickly intensified in the final half hour of trading, sending the index tumbling to 1,617 points — its lowest level in more than a month.
The Ho Chi Minh City Stock Exchange was flooded with red, with 240 stocks declining and barely a third that number advancing. Large-cap shares suffered a similar fate: 23 of 30 blue-chip stocks closed lower, signaling a broad-based retreat across key sectors.
Brokerage firms were hit hardest as investors offloaded shares aggressively. The entire securities group finished below reference levels, with typical declines of 3–5%. VIX led the slump, hitting its floor price of VND 26,050 (USD 1.03) with a massive sell surplus of 13.5 million shares. Bank stocks also came under pressure, with SSB the lone gainer. STB dropped 5.8% to VND 52,300, while HDB, TCB, and VPB each fell more than 3.8%.
The real estate sector saw widespread liquidation, with several developers including DXG, DXS, NLG, CII, and HDC hitting their daily downside limits. Yet a few outliers bucked the trend — notably QCG, which surged to its ceiling price of VND 14,150 with strong buying volume exceeding 600,000 shares. Losses extended across other major industries, from fertilizers and oil & gas to aviation, steel, and seaports.
Despite the sell-off, market liquidity remained strong, with total trading value on the Ho Chi Minh exchange rising to VND 29 trillion (USD 1.15 billion), up nearly VND 2 trillion from Friday. FPT led in trading turnover at over VND 2.2 trillion, followed by VIX, SSI, SHB, and HPG. Foreign investors — who had dumped over VND 1 trillion in previous sessions — eased their selling, recording a net outflow of just VND 137 billion, while net buying in FPT reached roughly 2.4 million shares.
Analysts warn the short-term trend remains bearish, though technical indicators suggest a potential rebound once the VN-Index stabilizes above the 1,620-point threshold. Market strategists recommend investors avoid chasing short-term rallies fueled by large-cap momentum and instead consider selective, low-exposure entries (20–40% of portfolio allocation) in defensive sectors such as chemicals, oil & gas, or infrastructure-linked stocks poised to benefit from Vietnam’s public investment push.
The VN-Index’s sharp decline underscores how fragile investor sentiment remains amid regional volatility — but for contrarian investors, Vietnam’s correction could be the next quiet setup for a recovery trade.
Tại điểm dừng chân thứ 8 của chuỗi “Hành Trình Di Sản”, Tổng Công ty Cổ phần Bia – Rượu – Nước Giải Khát Sài Gòn (SABECO) đã phối hợp cùng Ủy ban Mặt trận Tổ quốc Việt Nam (UB MTTQVN) trao tặng 1 tỷ đồng hỗ trợ trực tiếp cho người dân bị ảnh hưởng bởi bão lũ tại hai tỉnh Nghệ An và Hà Tĩnh. Hoạt động này nằm trong kế hoạch của SABECO nhằm chung tay hỗ trợ công tác khắc phục hậu quả thiên tai, đồng thời lan tỏa tinh thần đoàn kết và sẻ chia thông qua chiến dịch kỷ niệm 150 năm di sản.
Lễ trao tặng được tổ chức tại Nghệ An vào ngày 31/10, và tại Hà Tĩnh vào ngày 1/11, với tổng giá trị hỗ trợ 1 tỷ đồng, tương ứng 500 triệu đồng cho mỗi tỉnh. Đây là khoản hỗ trợ được trích từ 3 tỷ đồng do SABECO công bố vào ngày 16/10, và được trao bảng biểu trưng tại văn phòng UB TW MTTQVN vào ngày 24/10 vừa qua. Khoản hỗ trợ này sẽ được SABECO chuyển trực tiếp vào tài khoản tiếp nhận hỗ trợ của MTTQ tỉnh Nghệ An và tỉnh Hà Tĩnh theo sự thống nhất của UB TW MTTQVN, nhằm khắc phục thiệt hại sau bão, hỗ trợ sửa chữa hạ tầng thiết yếu, tái thiết nhà ở và giúp người dân địa phương ổn định đời sống sau bão.
Lãnh đạo SABECO gặp gỡ đại diện lãnh đạo tỉnh Nghệ An trong buổi trao tặng
Ông Hoàng Phú Hiền – Phó chủ tịch UBND tỉnh Nghệ An phát biểu tại buổi trao tặng: “Chúng tôi đánh giá cao các hoạt động mà SABECO đã và đang thực hiện trên địa bàn tỉnh Nghệ An trong thời gian qua, ngoài hoạt động sản xuất kinh doanh và đóng góp ngân sách cho tỉnh, còn có các chương trình cộng đồng ý nghĩa thông qua MTTQVN tỉnh Nghệ An. Thay mặt cho người dân tỉnh Nghệ An, chúng tôi rất trân trọng sự giúp đỡ của SABECO và cam kết trực tiếp trao sự hỗ trợ này một cách nhanh chóng đến với các gia đình bị thiệt hại. Chúng tôi hy vọng SABECO sẽ tiếp tục đồng hành và hỗ trợ cho đồng bào không chỉ riêng ở tỉnh Nghệ An mà còn trên khắp cả nước.”
Ông Nguyễn Thành Đồng, Ủy viên Ban Thường vụ Tỉnh ủy, Chủ tịch UBMTTQVN tỉnh Hà Tĩnh chia sẻ: ” Thời gian vừa qua, nhiều địa phương trong đó có Hà Tĩnh đã chịu thiệt hại nặng nề do bão. Chúng tôi bày tỏ lòng biết ơn sâu sắc đến tấm lòng và nghĩa cử cao đẹp của SABECO trong việc hỗ trợ khắc phục sau bão lũ cho bà con. Chúng tôi rất trân trọng khi SABECO luôn đồng hành không chỉ trong việc phát triển kinh tế xã hội, đóng góp vào ngân sách của tỉnh và tạo công ăn việc làm cho người lao động, mà còn luôn quan tâm, chăm sóc và hỗ trợ cho đời sống của người dân.”
Bên cạnh hỗ trợ tài chính cho cộng đồng địa phương, ban lãnh đạo SABECO cũng đã đến thăm các nhà máy, đơn vị đối tác tại Nghệ An và Hà Tĩnh, đồng thời gặp gỡ, động viên đội ngũ cán bộ, công nhân viên bị ảnh hưởng bởi bão lũ, qua đó khẳng định cam kết của công ty trong việc đồng hành và nâng cao chất lượng cuộc sống của người dân Việt Nam.
Ông Lester Tan, Tổng Giám đốc SABECO, chia sẻ: “Sự hỗ trợ này mang ý nghĩa đặc biệt đối với SABECO, bởi Nghệ An và Hà Tĩnh không chỉ là hai trong những địa phương chịu thiệt hại nặng nề nhất sau đợt bão lũ vừa qua, mà còn là nơi gắn bó với nhiều cán bộ, nhân viên, đối tác và các đơn vị thành viên lâu năm của chúng tôi. Các nhà máy và công ty tại hai tỉnh này đã góp phần quan trọng vào sự phát triển của SABECO tại khu vực miền Trung, và chúng tôi ý thức sâu sắc trách nhiệm của mình trong việc sẻ chia và đồng hành cùng người dân địa phương vượt qua giai đoạn khó khăn. Thông qua khoản đóng góp này, chúng tôi mong muốn mang đến sự hỗ trợ kịp thời và thiết thực cho những người bị ảnh hưởng bởi bão lũ, đồng thời thể hiện tinh thần đoàn kết và trách nhiệm xã hội của SABECO trong việc sát cánh cùng đội ngũ nhân viên và cộng đồng nơi doanh nghiệp hoạt động. SABECO sẽ tiếp tục đồng hành cùng Việt Nam trên hành trình phát triển, không chỉ bằng việc xây dựng doanh nghiệp bền vững, mà còn bằng những đóng góp tích cực nhằm nâng cao đời sống và mang lại sự thịnh vượng cho người dân.”
Khoản đóng góp này là một phần trong kế hoạch hợp tác của SABECO cùng Mặt trận Tổ quốc Việt Nam, nhằm khắc phục hậu quả thiên tai tại nhiều khu vực bị ảnh hưởng trên cả nước. Đây cũng là hoạt động thể hiện đúng tinh thần của chiến dịch “150 Năm Di Sản Vươn Cao” của SABECO, nhằm tôn vinh sự kiên cường, đoàn kết và sẻ chia của người dân Việt Nam.
Bên cạnh đó, chuỗi “Hành Trình Di Sản” với hình ảnh xe buýt hai tầng màu đỏ đặc trưng trong chiến dịch “150 Năm Di Sản Vươn Cao” tiếp tục lan tỏa tinh thần kết nối và sẻ chia tại Nghệ An thông qua các hoạt động gắn kết cộng đồng. Nổi bật trong đó là hoạt động “Bức Tường Gắn Kết”, nơi người dân có thể gửi gắmtình cảm và lời động viên đến địa phương, lực lượng tuyến đầu, các tình nguyện viên và người dân đang nỗ lực phục hồi cuộc sống sau bão lũ. Người tham gia cũng được khuyến khích chia sẻ hình ảnh và thông điệp trên mạng xã hội kèm hashtag “Cùng Việt Nam Kiên Cường”, nhằm lan tỏa tinh thần đồng cảm và đoàn kết trên khắp cả nước. Mỗi lời nhắn gửi là một mảnh ghép của tinh thần Việt Nam kiên cường, thể hiện niềm tin về sự đoàn kết vượt qua mọi khó khăn.
“Hành Trình Di Sản” được SABECO tổ chức như một hành trình gắn kết cộng đồng trên khắp Việt Nam, nhằm tôn vinh chặng đường 150 năm phát triển cùng ngành bia và khẳng định cam kết đồng hành cùng sự tiến bộ của đất nước. Mỗi điểm dừng của hành trình không chỉ mang đến cơ hội trải nghiệm di sản mà còn thể hiện tinh thần đoàn kết, cảm thông và sẻ chia – những giá trị cốt lõi mà SABECO luôn theo đuổi. Đến nay, “Hành Trình Di Sản” đã đi qua 8 trên 9 địa điểm gồm TP. Hồ Chí Minh, Cần Thơ, Vĩnh Long, Vũng Tàu, Đắk Lắk, Khánh Hòa, Bình Định, và Nghệ An. Điểm cuối của hành trình ý nghĩa này sẽ kết thúc tại thủ đô Hà Nội.
Nghệ An và Hà Tĩnh là hai địa phương quan trọng trong hoạt động sản xuất kinh doanh của SABECO tại khu vực miền Trung. Nhiều năm qua, công ty đã trở thành một phần quen thuộc với người dân địa phương với sự hiện diện của Công ty CP Bia Sài Gòn – Hà Tĩnh, và Công ty CP Bia Sài Gòn Sông Lam, cũng là hai đơn vị đứng đầu trong danh sách các công ty nộp ngân sách lớn nhất ở Nghệ An và Hà Tĩnh.
Đại diện lãnh đạo tỉnh Nghệ An tìm hiểu, trải nghiệm máy tái chế thuộc Hành Trình Di Sản của SABECO
Ngoài hoạt động sản xuất kinh doanh, SABECO còn góp phần nâng cao chất lượng sống của người dân qua dự án “Thắp Sáng Đường Quê” và “Thắp sáng đường biên” tại Nghệ An (gồm xã Tam Hợp, xã Bắc Lý, xã bản Na Loi) và Hà Tĩnh (gồm xã Hương Lâm, xã Hương Đỗ, xã Quang Thọ, và xã Kỳ Nam). Tuyến đường sử dụng đèn năng lượng mặt trời nhằm thúc đẩy việc sử dụng năng lượng tái tạo, cải thiện cơ sở hạ tầng kinh tế – xã hội ở khu vực nông thôn, đồng thời tăng cường an ninh trật tự, cải thiện điều kiện sinh hoạt cho cộng đồng dân cư vùng biên. Ngoài ra, công ty cũng thực hiện dự án “Nâng bước thể thao”, nâng cấp sân thể thao cộng đồng với mục tiêu khích lệ lối sống cân bằng và năng động, đồng thời mang đến cơ hội phát triển nền tảng thể thao trong cộng đồng.
Thông qua “Hành Trình Di Sản”, SABECO mong muốn không chỉ lan tỏa niềm tự hào về hành trình 150 năm di sản mà còn gửi gắm tinh thần đoàn kết, sẻ chia và kiên cường – nơi mà mỗi người dân Việt Nam cùng nhau viết tiếp hành trình “Di Sản Vươn Cao”.
HANOI, Nov 3 (Vietnam Insider) — Northern Vietnam has been hit by an abrupt Arctic-style cold front that sent temperatures plunging to near-freezing levels across several northern provinces — an unusually harsh start to the cool season that’s now disrupting tourism, agriculture, and transport in the region.
The powerful cold surge, driven by an intensified continental air mass sweeping south from China, has blanketed much of North and North Central Vietnam in rain and biting winds since late Sunday. On Monday morning, temperatures on Mau Son Peak in Lang Son fell to just 10°C (50°F), the lowest recorded so far this season. Mountainous tourist destinations such as Sa Pa, Pha Din, and Tam Dao also dipped below 12°C (54°F), catching many visitors and residents off guard.
In Hanoi, the normally mild capital, locals woke to persistent drizzle and a sharp chill, with morning readings hovering between 17°C and 19°C (63°F–66°F). The cold spell is expected to linger for several days, keeping daytime highs suppressed across northern and north-central provinces.
The National Center for Hydro-Meteorological Forecasting (NCHMF) warned that the cold front’s impact will not be confined to lower temperatures. Heavy rains are forecast to continue along the coast from Ha Tinh to Quang Ngai, raising the risk of flash floods, landslides, and urban inundation — particularly in low-lying areas and key industrial corridors. Coastal regions are also facing strong winds and rough seas, posing hazards to shipping and fishing operations.
For the agricultural heartlands of the Red River Delta and northern highlands, the bigger worry lies in prolonged exposure to cold and damp conditions. Meteorologists have cautioned that livestock and poultry could suffer severe stress, while crops and seedlings may see stunted growth or rot if the chill persists. Rural officials have urged farmers to prepare insulation for barns and limit outdoor grazing.
Despite the current freeze, relief is on the horizon. AccuWeather projects temperatures in Hanoi and surrounding provinces will gradually climb by 1–2°C per day starting midweek, reaching a more comfortable 23–28°C (73–82°F) by the weekend.
For expatriates, travelers, and businesses operating in northern Vietnam, the Arctic blast serves as a stark reminder of the country’s growing climate volatility — and the importance of building resilience into both infrastructure and supply chains as weather extremes become more frequent.
Experts Warn of Deeper Pullback Driven by Blue-Chip Profit-Taking, Urging Investors to Shift Focus from Short-Term Gains to Preparing for the Next Growth Cycle.
The VN-Index is flashing clear signals of a sharp correction, with analysts forecasting a potential breach of the critical 1,600-point psychological support level as massive profit-taking pressure swamps market momentum. This pullback, heavily concentrated in heavyweight stocks like Vingroup (which single-handedly dragged the index down significantly), signals a necessary, albeit painful, rebalancing away from stocks that have already experienced meteoric gains. Global economic stability factors—including a positive US-China trade framework and expected Federal Reserve rate cuts—are currently being overshadowed by domestic portfolio adjustments and uncertainty surrounding major corporate Q3 earnings reports.
The Correction Catalysts: Vingroup and Foreign Selling
The primary driver of the recent volatility is the massive correction in Vingroup shares, which erased the majority of the group’s contribution to the index earlier in the month. Experts see this not as an outright negative, but as a healthy dispersion of capital, preventing over-concentration in a few mega-caps. However, the broader market faces systemic headwinds: relentless foreign net selling, which has persisted for 15 consecutive weeks totaling nearly 129 trillion VND, and a noticeable decline in trading liquidity, averaging only 37 trillion VND in October.
Nguyen Tan Phong from Pinetree forecasts a “20–30% correction” for high-fliers is normal, giving the VN-Index a real chance of testing support levels around 1,570 points. Technical analysis suggests that while the index remains above crucial medium-to-long-term indicators like the MA100 and MA200, the short-term mood remains bearish until the major index anchors stabilize.
Strategy: Conserve Capital for the Next Wave
The consensus among leading analysts is a pivot from aggressive trading to risk management and portfolio restructuring. Nguyen Tien Dung of MB Securities advises against averaging down on currently declining stocks, stressing that this is the time to preserve capital and position for the next cycle. He suggests a conservative portfolio allocation, maintaining an equity exposure of approximately 50%.
The expected rotation of capital is clear: funds are anticipated to move out of the recently overbought sectors and into previously overlooked segments that show attractive valuations and improving fundamentals. The MBS expert specifically flagged the banking sector (e.g., CTG, ACB) as a continuing pillar of support for the overall market structure. However, new opportunities for the coming cycle are emerging in sectors that have “lagged the market” but show strong underlying health, including technology/telecom (CTR, VGI), energy(HDG, POW), and oil & gas (GAS, PVD).
This consolidation phase is viewed by most experts as a necessary re-accumulation period following the market’s four-month ascent, not the start of a sustained bear trend. The crucial inflection point remains the 1,600–1,620 point area; a decisive break below this zone is considered a low-probability, high-impact negative scenario that could force a test of 1,550 points before the year closes. Investors must be disciplined now to capitalize when the market identifies its new leadership for the next growth phase.
From UK Downpour to Ha Long Bay: How One Couple’s Budget Trip Became a Viral ‘Fake Honeymoon’
In a stark demonstration of travel prioritization, a British tourist chose the vibrant chaos of Southeast Asia over tangible assets, selling his car to fund a three-week odyssey across Vietnam. This story immediately resonates globally, striking a chord with anyone weighing financial security against life-altering experiences, and it reveals the intense, colorful cultural immersion—and comical missteps—awaiting visitors to the rapidly emerging destination of Vietnam.
Dave McKenna’s journey from the cold, damp bus stops of the UK to the sun-drenched coasts of Vietnam was financed by liquidating his primary asset. He arrived in Hanoi expecting tropical warmth but was hit by an immediate temperature shock, forcing a quick wardrobe overhaul from shorts to coats—a critical, real-world lesson for budget travelers about Vietnam’s significant North-South climate variance. McKenna’s goal was experiential enlightenment, viewing the trip not as a mere holiday, but as a necessary “feast” for the soul, despite the reality check that three weeks barely scratches the surface of the nation’s diverse beauty, from the terraced rice paddies to the bustling Southern metropolis of Ho Chi Minh City (HCMC).
@ Dave McKenna
The couple’s resourcefulness, driven by a tight budget, led to an unforgettable, if slightly mortifying, moment during a luxury cruise in Ha Long Bay, a UNESCO World Heritage Site. To potentially snag a free upgrade like a bottle of champagne, McKenna fabricated a “fake honeymoon” status in his booking notes. The cruise line, however, took the ruse far more seriously than anticipated: rather than a minor perk, the deception culminated in the entire dining room erupting in a surprise “Happy Honeymoon” serenade, leaving the couple utterly mortified but rich in anecdote.
This tale of extreme budgeting mixed with cultural surprise is swiftly becoming a shared narrative among international travelers, showcasing Vietnam’s capacity to deliver both high-end experiences and low-cost adventure, often unexpectedly intertwined. McKenna’s candid admission—that “luxury travel in Asia is cheap, but lying about your marital status is expensive”—cuts to the heart of modern budget travel hacks gone awry.
McKenna’s decision underscores the country’s escalating appeal as a must-visit, high-value destination capable of justifying extreme financial sacrifices from its Western visitors. The real takeaway isn’t the car he sold, but the profound emotional and memory capital he gained that no resale value could match.
What kind of in-depth cultural intelligence report would you like on current travel trends impacting major Southeast Asian hubs like Vietnam?
Gem Welcomes Back 4.4M Tourists as Cleanup Races Peak Season—But Rivers Rise Again
HOI AN, November 01 (Vietnam Insider) – Vietnam’s lantern-lit jewel, Hoi An, is luring back global travelers just days after record floods killed 35, submerged 16,000 homes, and wiped out crops across 5,300 hectares—signaling Asia’s tourism engine can restart faster than climate risks escalate.
The ancient UNESCO town, where foreign visitors drove 63% of central Vietnam’s income last year with 3.6 million arrivals, saw riverfront strolls resume Saturday as families scrubbed centuries-old wooden shophouses and hotels raced to reopen before December’s high season. Small merchants already tally losses in the thousands of U.S. dollars per shop, yet the swift pivot underscores a $200 billion Southeast Asian travel market that refuses to stay offline.
Nearby Thua Thien Hue Citadel reopened Friday, proving heritage sites can absorb climate shocks and still anchor regional GDP. Vietnam’s storm season, June to October, routinely ravages infrastructure, but Hoi An’s rebound mirrors Phuket’s post-2004 tsunami surge and Venice’s acqua alta recoveries—each time drawing investors betting on resilient demand.
Authorities warn swollen rivers could flood again within days, with 75,000 residents still dark and five missing. No aggregate damage figure exists, yet the episode exposes a broader truth: emerging-market destinations now treat extreme weather as a quarterly earnings event, not a knockout blow.
Savvy allocators are quietly pricing “flood-proof” revenue streams—think elevated bookings platforms and parametric insurance—into Asia’s post-COVID travel boom. The contrarian play: buy the dip in Vietnamese hospitality stocks before Hoi An’s lanterns flicker back to full glow and the next storm hits the headlines.
Police in Ho Chi Minh City have identified the body of a young woman found decomposing inside the trunk of a parked car on the outskirts of the city — a discovery that has gripped local residents and raised many unanswered questions.
The victim was confirmed to be N.H.L., a 27-year-old woman living in the Đông Thạnh Commune, according to a statement from local authorities on Friday. She had reportedly been out of contact with her family for several days before the discovery.
Residents in the area said they noticed a strong, unpleasant odor coming from a white sedan parked along Nguyễn Thị Đẹt Street on the morning of November 1. When police were called to the scene, they found the car’s rear window broken and the woman’s body inside the trunk, already in an advanced state of decomposition.
The vehicle’s owner — a local man — told investigators that he had parked the car on October 27 after returning from work and had not used it since. Police say the man is cooperating with the investigation.
Forensic teams confirmed no visible signs of external trauma on the body. However, authorities are continuing to examine how the victim ended up inside the vehicle and what led to her death.
Family members told police that in recent months, the woman had shown signs of depression and emotional distress.
Police have cordoned off the area for further investigation and say more details will be released once autopsy results are available.
Vietnam Insider – Vietnam’s stock market ended October on a volatile note, with foreign investors staging a heavy sell-off that hit several major banking stocks. The VN-Index slid 2.59% for the week, closing at 1,639.65 points, as global uncertainty and profit-taking weighed on blue-chip shares.
The week began with sharp losses before a brief midweek rebound to around 1,675 points, supported by selective buying in large-cap stocks. However, selling pressure soon returned, particularly among high-value sectors such as banking, real estate, and brokerage, leading to another downturn by week’s end. Meanwhile, trading activity picked up among mid- and small-cap stocks, especially those that had underperformed earlier in the year — a sign of speculative rotation in a cautious market.
Foreign Investors Turn Net Sellers, Offload Nearly $120 Million
Foreign investors were net sellers across all major exchanges, offloading a combined VND 2.997 trillion (around USD 118 million) over five trading sessions. The only exception came on October 28, when they briefly returned to net buying before resuming their selling streak.
On the Ho Chi Minh Stock Exchange (HoSE), foreign funds sold a net VND 2.659 trillion, followed by VND 358 billion on the Hanoi Exchange (HNX), partially offset by a modest VND 20 billion in net buying on UPCoM.
Bank Stocks Lead the Sell-Off
The week’s biggest target was Military Bank (MBB), which saw foreign investors dump roughly VND 1.185 trillion (USD 47 million) — the heaviest foreign outflow of any stock in the market. Analysts noted that the move likely reflected short-term portfolio rotation rather than a change in fundamentals, as MBB remains one of Vietnam’s most stable and well-capitalized lenders.
Other major sell-offs included SSI Securities (VND 937 billion), VIX (VND 470 billion), Hoa Phat Group (HPG, VND 277 billion), Vingroup (VIC, VND 212 billion), CEO Group (VND 210 billion), VietinBank (CTG, VND 203 billion), and VietCap Securities (VCI, VND 160 billion). Additional blue chips such as PDR, HDC, VND, and VHM also faced consistent net selling in the range of VND 147–158 billion each.
Tech and Retail Stocks Attract Foreign Buyers
In contrast, foreign investors showed strong appetite for FPT Corporation, pouring in VND 1.35 trillion (USD 53 million) — making it the most aggressively accumulated stock of the week. VPBank (VPB) and HDBank (HDB) also attracted net inflows of VND 286 billion and VND 225 billion, respectively, signaling continued interest in select banking names with strong digital and retail exposure.
Other notable foreign buys included Vincom Retail (VRE, VND 160 billion), Hai An Transport (HAH, VND 141 billion), Techcombank (TCB, VND 101 billion), and Sacombank (STB, VND 87 billion). Consumer and logistics plays such as LPB, VJC, KDH, FRT, and MWG also saw modest inflows ranging from VND 50–80 billion.
Outlook: Foreign Flows Turn Cautious as Global Yields Rise
Analysts view the late-October sell-off as a reflection of broader global risk aversion. Rising U.S. bond yields, geopolitical tensions, and currency volatility have prompted many offshore investors to trim exposure to emerging markets — including Vietnam.
Still, the country’s fundamentals remain solid, with stable growth, easing inflation, and an expected policy rate cut in 2026. Market watchers suggest that foreign capital may return once valuations stabilize and liquidity improves, particularly in sectors tied to technology, infrastructure, and domestic consumption.
For now, the sharp divergence between foreign selling and selective buying underscores a key theme in Vietnam’s evolving market: smart money isn’t leaving — it’s rotating.
Hanoi, Vietnam – In a significant move signaling Vietnam’s commitment to maturing its financial infrastructure for a global audience, the Ministry of Finance has issued a new circular designed to dramatically strengthen the risk management and service capacity of local securities businesses.
This regulatory overhaul is specifically aimed at accelerating the inflow of foreign capital following the recent upgrade of Vietnam’s stock market status by FTSE Russell.
The Minister of Finance signed Circular No. 102/2025/TT-BTC on October 29, 2025, amending key provisions on financial safety indicators for securities companies and fund management firms. Taking effect on December 15, 2025, this legislation is poised to be a game-changer, establishing a robust framework that aligns Vietnam’s capital market practices more closely with international standards.
Why This Matters to International Investors and Businesses
The core objective of Circular 102 is to ensure that the financial safety metrics of securities businesses—the very entities serving foreign investors—comprehensively account for operational risks. This is critical in the context of the Vietnam Stock Exchange’s rapid growth in both volume and market capitalization.
The introduction of this circular will enable local financial institutions to better manage risk, enhance their service quality, and, most importantly, significantly boost their appeal to international investors. This development comes as Vietnam’s stock market enters a new phase of growth, catalyzed by its reclassification by FTSE Russell to a Secondary Emerging Market.
The new rules are also expected to improve state management over the market, ensuring its efficiency, transparency, and the protection of legal rights for all market participants.
Key Changes Aligning Vietnam with Global Benchmarks
Circular 102 introduces several key revisions, with the most important changes directly affecting how risk is measured and managed, which is crucial for international due diligence:
Available Capital Calculation: The Circular adjusts the rules for calculating Available Capital by modifying provisions related to undistributed profits to better align with current accounting standards. This aims to ensure a more accurate and realistic picture of a firm’s financial strength.
Market Risk Ratios and Corporate Bonds: In a major step toward global practices, the Circular revises the market risk ratio for listed stocks and, crucially, introduces specific market risk ratios for rated corporate bonds.
This new provision allows securities firms to assess investment risk based on the credit rating of the bond or the issuer, referencing the announced ratings from major international agencies, including Standard & Poor’s, Fitch Ratings, and Moody’s.
This structured, rating-based approach to risk calculation is a fundamental pillar of developed markets, offering a familiar and credible framework for foreign institutions.
Valuation Principles
The rules governing the valuation of securities and other assets are adjusted to ensure consistency with the actual trading prices on the Stock Exchange. This aims for a more accurate representation of asset value, covering listed stocks, trading-registered stocks, and both listed and unlisted bonds.
Transition Period for Compliance
Recognizing the scale of these changes, the Ministry has provided a six-month transition period. This grace period allows securities businesses to gradually adjust their operations and ensure their financial safety ratios meet the new regulatory requirements without a sudden disruption to the market.
This bold regulatory step is a strong signal to the world’s business community that Vietnam is actively clearing the path for greater international participation, making its capital markets safer, more transparent, and highly attractive to investors seeking high-growth opportunities in Southeast Asia.
HANOI, Oct 31 (Vietnam Insider) — Vietnam’s stock market ended October on a downbeat note, as selling pressure in property and financial stocks wiped nearly 2% off the benchmark VN-Index, pushing it below the key 1,640-point threshold.
The VN-Index plunged 29.92 points, or 1.79%, to close at 1,639.65, while the HNX-Index slipped 0.42% to 265.85. Market breadth turned sharply negative, with 414 decliners versus 330 gainers. Blue-chip stocks were no refuge: 21 of the 30 largest firms in the VN30 basket closed lower.
Trading activity picked up, signaling stronger selling momentum. More than 777 million shares changed hands on the Ho Chi Minh Stock Exchange, worth about USD 970 million, while the Hanoi exchange saw USD 71 million in turnover.
The late-session rebound attempt failed to hold, as heavyweight property and banking names—Vingroup (VIC), Vinhomes (VHM), Vietcombank (VCB), and VietJet (VJC)—collectively erased over 18 points from the VN-Index. Only a handful of gainers such as PetroVietnam Gas (GAS), GVR, Asia Commercial Bank (ACB) and FPT Corporation managed to add a modest 2.7 points.
The real estate sector was the hardest hit, tumbling 4.2%, with Vingroup down 6.4%, Vinhomes down 4.6%, and VRE falling 3.8%. Financials and industrials followed, shedding 1.4% and 1.1%, respectively. In stark contrast, media and telecommunications stocks stood out as the only bright spot—rising 4.4%—thanks to gains in Viettel Global (VGI), VNZ, and FOC.
Foreign investors continued their month-long sell-off, offloading another USD 18 million on the Ho Chi Minh exchange, led by heavy net sales in VIC, VHM, VietinBank (CTG), and MBBank (MBB). On the Hanoi bourse, they sold a further USD 2.3 million, mainly in energy and construction plays like PVS and CEO Group.
In total, foreign investors have pulled out more than USD 910 million from Vietnamese equities in October, primarily from large-cap names such as MBB, SSI, Masan Group (MSN), and CTG.
Earlier in the day, the index briefly hovered around 1,650 points as energy shares staged a rare rally. Oil and gas producers including PV Drilling (PVD), BSR, Petrolimex (PLX), and PetroVietnam Technical Services (PVS) climbed 1–3%, bucking the broader market decline. However, the rebound was short-lived as selling pressure resumed across real estate and financial stocks by late morning.
The sharp pullback underscores a fragile sentiment among investors, who remain cautious amid rising volatility, continued foreign outflows, and mounting concerns about the health of Vietnam’s property sector.
Analysts say that unless liquidity improves and foreign investors return to buying, the VN-Index could struggle to reclaim the 1,650–1,670 range in the near term.
Hanoi, October 31 (Vietnam Insider) — VietCap Securities (HOSE: VCI), one of Vietnam’s leading brokerage and investment banking firms, has announced a major leadership transition as long-serving CEO To Hai steps down after nearly two decades at the helm.
According to a filing with the Ho Chi Minh Stock Exchange, VietCap’s Board of Directors has approved the appointment of Ton Minh Phuong, currently Executive Director of Investment Banking, as the company’s new Chief Executive Officer and Legal Representative, effective November 18, 2025.
The change marks the end of an 18-year tenure for To Hai, who has led VietCap since its founding in 2007 and played a pivotal role in shaping the firm into one of Vietnam’s top securities houses. Under his leadership, VietCap became a key player in the country’s capital markets, known for its strong advisory expertise and robust brokerage operations.
Hai will remain on the company’s Board of Directors and continues to be one of its largest shareholders, holding nearly 129 million VCI shares, equivalent to 17.95% of total outstanding equity. His wife, Truong Nguyen Thien Kim, owns an additional 12.5 million shares, representing 1.74% of the firm’s capital. Beyond VietCap, Hai currently serves as Chairman of International Dairy Products JSC (IDP).
In other leadership changes, the Board also approved the replacement of Deputy CEO Dinh Quang Hoan with Tuan Nhan, Executive Director in charge of institutional brokerage and bond trading, effective November 3, 2025. Earlier in October, Hoan was appointed Standing Vice Chairman of VietCap’s Board for the 2021–2026 term.
The management shake-up comes just ahead of VietCap’s extraordinary shareholders’ meeting on November 7, where investors will vote on several strategic initiatives — including a private share placement and the establishment of an overseas subsidiary in Singapore.
According to the proposal, VietCap plans to invest USD 29 million to establish VietCap Singapore Pte. Ltd., which will serve as the company’s international arm, offering brokerage and investment banking services to global clients.
The firm also intends to issue up to 127.5 million new shares to professional investors at no less than VND 18,026 (USD 0.71) per share — its latest book value as of December 31, 2024. The placement, expected to raise around USD 92 million (VND 2.3 trillion), will be executed between 2025 and Q1 2026 once regulatory approval is secured. Proceeds will be used primarily to expand VietCap’s margin lending capacity (80%) and fund its proprietary trading activities(20%).
Financially, VietCap continues to post solid growth. In the first nine months of 2025, the company recorded USD 136 million (VND 3.45 trillion) in revenue, up 28% year-on-year, and USD 35.5 million (VND 899 billion) in post-tax profit, marking a 30% increase. The firm has already achieved 80% of its annual revenue target and 76% of its profit goal for the year.
The leadership transition signals a generational shift for VietCap — a move aimed at strengthening its global footprint while maintaining the strong domestic foundation built over nearly two decades of To Hai’s stewardship.
A high school boy in Nghe An Province suffered a severe brain injury after being attacked by two classmates at a local billiards club, sparking public outrage over youth violence in Vietnam.
Shocking Attack at Local Billiards Hall
Authorities in Bich Hao Commune confirmed that on the evening of October 27, a violent altercation broke out at “Billiards 98” in Giang Tien Hamlet.
According to witnesses, N.H.B.D, a 10th-grade student, was suddenly attacked by two classmates — identified as N.X.M and T.H.H, both also in Grade 10 — who allegedly used billiard cues as weapons.
The victim sustained a severe head injury and was immediately rushed to the Nghe An General Friendship Hospital for emergency surgery.
Caught on Camera
Footage from the billiards hall’s security cameras shows a group of around eight students gathered around a billiards table when the incident erupted. One boy is seen charging at D., striking him multiple times before another student in a white shirt joined the assault.
The victim collapsed to the ground while others tried to intervene, but the attackers continued beating him with the cue sticks, causing traumatic brain injury.
Investigation Underway
Nguyen Khanh Thanh, Chairman of Bich Hao Commune, confirmed that local police are investigating the case and that the school — Dang Thai Mai High School — has reported the incident to the Department of Education and Training.
“The school has cooperated with authorities and sent teachers to visit and support the student’s family,” Thanh said.
Community Shock and Concern
Relatives of the victim shared that D. suffered a severe skull fracture and brain trauma, remaining in a coma for two days before undergoing surgery. He is now in stable condition but still under close observation.
The incident has reignited debate over school violence and mental health among Vietnamese youth, with many calling for stronger preventive measures and better conflict resolution education in schools.
Vietnam’s government has approved plans to build two high-speed railway lines, including the long-discussed North–South Express Railway and a new Hanoi–Quang Ninh route, marking a major step toward modernizing the country’s transport infrastructure.
According to a decision signed by Deputy Prime Minister Tran Hong Ha, the updated National Railway Network Master Plan for 2021–2030, with a vision to 2050, adds the 124-kilometer Hanoi–Quang Ninh high-speed line to the national strategy.
Two new-generation rail routes
The North–South high-speed railway, stretching 1,541 kilometers from Ngoc Hoi Station (Hanoi) to Thu Thiem Station (Ho Chi Minh City), remains the backbone of the national rail system.
Meanwhile, the newly approved Hanoi–Quang Ninh line will begin at Co Loa Station (linked with Hanoi’s Metro Line 4), run through Gia Binh International Airport in Bac Ninh, and terminate at Ha Long Xanh Station in Quang Ninh Province — connecting to the planned Hai Phong–Ha Long–Mong Cai railway.
Vingroup proposal and investment details
Earlier in July, Vingroup proposed building the Hanoi–Quang Ninh line as a 350 km/h high-speed rail, designed for passenger transport with a standard gauge (1,435 mm) and full electrification.
The proposed alignment would pass Co Loa – Gia Binh – Hai Phong – Yen Tu – Ha Long, requiring around 308 hectares of land and an estimated investment of US$5.4 billion (VND 133 trillion). The project is targeted for completion before 2030.
The route will include four main stations — Co Loa, Gia Binh, Yen Tu, and Ha Long — with a potential fifth stop at Yen Vien if the alternative alignment is approved.
Additional upgrades and connectivity
The revised plan also advances several previously postponed rail projects to be completed before 2030, including:
Hanoi–Dong Dang (Lang Son) dual-track railway (156 km)
Hai Phong–Ha Long–Mong Cai dual-track line (187 km)
Thap Cham–Da Lat and An Binh–Saigon (Hoa Hung)–Tan Kien lines
Vietnam will also upgrade seven existing national railway routes, focusing on the North–South high-speed line and connections to major international seaports in Hai Phong and Ho Chi Minh City.
In addition, new links are planned to China, Laos, and Cambodia, as well as domestic transport hubs like Nghi Son Port (Thanh Hoa), Hiep Phuoc Port (HCMC), and airports including Tan Son Nhat, Long Thanh, and the proposed second Hanoi airport in Gia Binh.
Toward a modern transport future
The government aims to transform Vietnam’s rail system into a regional transport hub, integrating high-speed, urban, and international routes to support economic growth and sustainable mobility.
After a prolonged slump, Southern Vietnam’s real estate market—centered on Ho Chi Minh City (HCMC) and its satellite provinces—is primed for a major surge, attracting capital flows redirected from the overheated Northern market.
Driven by a government mandate for 8.5% GDP growth, massive public infrastructure spending, and the failure of low bank interest rates to compete with soaring inflation and gold prices, investors are pivoting to property as the primary asset for wealth preservation and growth.
For international business leaders and fund managers, the South is emerging as the country’s next high-return frontier. The key insight: Hanoi’s condominium prices surged by 95% since early 2023, reaching unsustainable levels (nearly all units now over $2,350 per square meter), making the South, with its untapped land values and pipeline of major new infrastructure, the compelling next stop for investment capital. The coming year, 2025, is now widely viewed as the hinge point for this crucial market reversal.
Macro Forces: The Trio Pushing Money Out of Savings and Into Property
The shift in real estate capital is a direct result of three interlocking macroeconomic pressures in Vietnam:
High Inflation and Currency Volatility: Vietnam’s financial market is showing clear signs of instability. Domestic gold prices have soared by approximately 75%, reflecting a global flight to safe-haven assets amidst geopolitical uncertainty. Simultaneously, the VND/USD exchange rate has climbed nearly 7.8% on the free market, signaling mounting pressure on the Vietnamese Dong.
Unattractive Interest Rates: With global rate cuts looming and local 12-month deposit rates at most commercial banks holding stubbornly below 6% per year, keeping cash in savings accounts is a guaranteed loss of value. This forces capital to seek alternatives.
Government-Led Growth Focus: Despite global headwinds, the Vietnamese government is aggressively pushing its 8.5% GDP growth target for 2025, primarily through a massive increase in public investment. This capital injection is channeled directly into large-scale national infrastructure, which immediately translates into higher land values in the areas it connects.
This combination has made real estate—and specifically, the undervalued South—the most logical destination for high-net-worth capital seeking superior returns.
A meander of Saigon river situated in the heart of Ho Chi Minh City. (Photo: Frida Engstroem / 500px.com)
The North-to-South Pivot: Why Hanoi’s Boom Became the South’s Opportunity
The Southern market’s appeal is amplified by the exhaustion of the Northern market’s price growth:
Hanoi’s Price Saturation: Between 2021 and 2025, Hanoi witnessed a staggering 112% price increase in real estate, with its condominium prices nearly doubling since Q1 2023. This explosive growth has peaked, leaving limited potential for short-term profit margins.
The South’s Value Proposition: In the same period, Ho Chi Minh City’s market recorded a more moderate 42%increase. This lower, more sustainable growth curve means that land and property in HCMC and its surrounding provinces (Binh Duong, Dong Nai, Long An) still offer a significantly lower base price and therefore higher future profit potential.
This profit-driven calculation is the single biggest driver of the North-to-South capital migration.
Infrastructure Revolution: The New Arteries for Investment Flow
The true catalyst for the South’s revival is its unprecedented infrastructure pipeline, which is transforming the region from a water-dependent transport network into a modern logistics hub centered on HCMC.
The area is now one massive construction site, with projects designed to link the economic powerhouses of the Southeast region:
Ring Roads and Expressways: Key projects like Ring Roads 3 and 4 (HCMC) and the Ben Luc – Long Thanh, Bien Hoa – Vung Tau expressways are being fast-tracked. These directly connect HCMC with the manufacturing and port hubs of Long An, Dong Nai, and Ba Ria – Vung Tau.
The Long Thanh Airport Nexus: These expressways are strategically designed to feed into the Long Thanh International Airport project, which is set to become one of Southeast Asia’s largest aviation hubs.
Western & Mekong Connectivity: New expressways toward Moc Bai (Tay Ninh) and the planned HCMC – Soc Trang route will finally integrate the Mekong Delta with HCMC’s economic core, unlocking vast new development potential.
Investment focus is therefore hyper-local, targeting areas like Thu Duc City (former District 9), Dong Nai, and Ba Ria – Vung Tau—locations along these new infrastructure corridors that boast strategic positioning and low historical valuations.
The Outlook: Foreign Direct Investment (FDI), attracted by Vietnam’s stable political environment and new trade agreements, is expected to further fuel this Southern surge. For international investors, successful ventures will hinge on selecting projects with clear legal status and proximity to these infrastructure bottlenecks, where the government’s spending commitment guarantees future appreciation.
Theo Báo cáo Kinh tế Toàn cầu do Ngân hàng Thế giới công bố vào cuối tháng 9 năm 2025, thương mại toàn cầu đang có dấu hiệu chững lại sau giai đoạn tăng trưởng ngắn nhờ chiến lược “đẩy sớm” (front-loading) – trong đó các doanh nghiệp đẩy nhanh nhập khẩu hàng hóa trước các biến động bất lợi như tăng thuế hay đình công lao động nhằm giảm thiểu rủi ro và tối ưu chi phí logistics.
Sau thời gian tạm lắng, ngày 7/8/2025, Chính phủ Hoa Kỳ đã chính thức ban hành gói thuế đối ứng (reciprocal tariffs)được điều chỉnh từ tháng 4, gây ảnh hưởng đáng kể đến hoạt động xuất nhập khẩu toàn cầu. Đồng thời, Chỉ số Quản lý thu mua (PMI) toàn cầu trong lĩnh vực sản xuất và dịch vụ đối với các đơn hàng xuất khẩu mới vẫn ở dưới ngưỡng 50 điểm trong 5 tháng liên tiếp tính đến tháng 8, cho thấy thương mại thế giới có khả năng tiếp tục suy yếu trong thời gian tới.
Tại Hoa Kỳ, sau giai đoạn tăng trưởng mạnh trong nửa đầu năm 2025, nền kinh tế đang giảm tốc do tiêu dùng hộ gia đình yếu đi, xuất khẩu sụt giảm và lãi suất cao kéo dài. Sản lượng công nghiệp tháng 7 giảm 0,6% so với tháng trước, chủ yếu do ngành ô tô và thiết bị điện tử. Lạm phát toàn phần (headline inflation) tăng lên 2,9% so với cùng kỳ tháng 8, phản ánh áp lực giá cả vẫn hiện hữu.
Ngày 17/9/2025, Cục Dự trữ Liên bang Mỹ (Fed) công bố giảm lãi suất điều hành 25 điểm cơ bản, đưa mức lãi suất cho vay xuống 4,00–4,25% – lần đầu tiên trong năm 2025. Động thái này ngay lập tức tác động đến đồng USD, thị trường chứng khoán và giá hàng hóa. Theo đại diện Fed, dữ liệu gần đây cho thấy tăng trưởng kinh tế chậm lại, số việc làm mới tăng thấp, tỷ lệ thất nghiệp nhích lên nhưng vẫn duy trì ở mức thấp, trong khi lạm phát vẫn ở mức cao hơn mục tiêu.
Kết quả hoạt động sản xuất – kinh doanh Quý III/2025
Trong bối cảnh kinh tế toàn cầu biến động, thương mại chững lại và chính sách thuế đối ứng của Hoa Kỳ bắt đầu có hiệu lực từ tháng 8/2025, Công ty Cổ phần Vicostone (mã chứng khoán: VCS) tiếp tục thể hiện sự chủ động, linh hoạt và kiên định trong chiến lược phát triển của mình.
Công ty đã sớm nhận diện các rủi ro thị trường, xây dựng kịch bản ứng phó phù hợp, kiểm soát chi phí chặt chẽ, đồng thời duy trì thị trường trọng điểm và mở rộng thị trường tiềm năng nhằm giảm thiểu tác động từ các yếu tố bên ngoài.
Trong Quý III/2025, Vicostone đẩy mạnh phát triển hệ thống phân phối trực tiếp tại các thị trường chiến lược, tăng cường hoạt động xúc tiến thương mại và nâng cao hiện diện thương hiệu quốc tế.
Tại Canada, Vicostone tham gia triển lãm IDS Vancouver 2025, góp phần gia tăng nhận diện thương hiệu VICOSTONE® và mở rộng mạng lưới đối tác phân phối, khách hàng quốc tế.
Tại Úc, Công ty tiếp tục mở rộng hệ thống phân phối thông qua các nền tảng trực tuyến và đại lý đối tác, khẳng định vị thế tại thị trường vật liệu cao cấp phát triển hàng đầu khu vực châu Đại Dương.
Vicostone đồng thời tăng cường đầu tư cho hoạt động marketing quốc tế, bao gồm các chương trình trưng bày, triển lãm, giúp củng cố hình ảnh thương hiệu tại Bắc Mỹ và châu Âu.
Bên cạnh đó, Công ty tiếp tục tối ưu chi phí sản xuất – vận hành, quản trị tồn kho linh hoạt và chủ động chuỗi cung ứng đầu vào (trên 95%), qua đó duy trì lợi thế cạnh tranh trong bối cảnh giá nguyên liệu và lạm phát toàn cầu vẫn ở mức cao.
Đặc biệt, Vicostone kiên định với chiến lược đầu tư cho nghiên cứu – phát triển (R&D), lấy công nghệ và sản phẩm khác biệt làm nền tảng cạnh tranh thay vì cạnh tranh bằng giá. Trong Quý III/2025, Công ty đã ra mắt 10 sản phẩm mớitại thị trường Mỹ và Canada, nhận được phản hồi tích cực từ khách hàng và đối tác phân phối. Những sản phẩm này được kỳ vọng trở thành động lực tăng trưởng doanh thu trong Quý IV/2025, đồng thời tiếp tục khẳng định vị thế dẫn đầu của Vicostone trên thị trường vật liệu đá thạch anh toàn cầu.
Kết quả tài chính hợp nhất
Chỉ tiêu
Quý III/2025
Lũy kế 9 tháng 2025
% Hoàn thành kế hoạch năm 2025
Doanh thu thuần
924,95 tỷ đồng
3.061,44 tỷ đồng
64,88%
Lợi nhuận trước thuế
160,95 tỷ đồng
608,67 tỷ đồng
62,40%
Đóng góp ngân sách Nhà nước
Là doanh nghiệp niêm yết hoạt động minh bạch và tuân thủ đầy đủ pháp luật thuế, Vicostone luôn coi việc đóng góp ngân sách Nhà nước là một phần trong cam kết phát triển bền vững.
Tính đến hết Quý III/2025, Vicostone đã nộp 264,33 tỷ đồng vào ngân sách Nhà nước, tăng 34% so với 196,72 tỷ đồngcùng kỳ năm 2024. Khoản đóng góp chủ yếu bao gồm thuế thu nhập doanh nghiệp, thuế giá trị gia tăng hàng nhập khẩu, thuế nhập khẩu và thuế thu nhập cá nhân.
Chỉ tiêu
Lũy kế 9 tháng 2025
Lũy kế 9 tháng 2024
% Tăng
Tổng số thuế, phí đã nộp
264,33 tỷ đồng
196,72 tỷ đồng
+34%
Quản lý hàng tồn kho
Vicostone ghi nhận kết quả tối ưu hóa hàng tồn kho rõ rệt trong năm 2025. Giá trị hàng tồn kho cuối kỳ đạt 1.611 tỷ đồng, giảm 11% so với đầu năm. Kết quả này cho thấy nỗ lực của Công ty trong quản trị vốn lưu động hiệu quả, giảm chi phí lưu kho, và tăng cường hiệu suất vận hành.
Chỉ tiêu
Số cuối kỳ (Q3/2025)
Số đầu năm
% Giảm
Hàng tồn kho
1.611 tỷ đồng
1.816 tỷ đồng
-11%
Triển vọng
Mặc dù bối cảnh kinh tế toàn cầu còn nhiều thách thức, Vicostone vẫn tự tin duy trì tăng trưởng bền vững nhờ chiến lược tập trung vào đổi mới sáng tạo, quản trị kỷ luật, và mở rộng thị trường chiến lược. Công ty sẽ tiếp tục tăng cường giá trị thương hiệu, mở rộng mạng lưới phân phối, và tối ưu hiệu quả hoạt động để hoàn thành các mục tiêu năm 2025 và hướng tới giai đoạn phát triển tiếp theo.
