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Ahead of the stock market open on April 21, 2026, investors are likely to focus on a mix of domestic corporate updates, policy developments, and global macro signals from the past 24 hours.
The Government Inspectorate issued a conclusion on April 20 regarding the expanded Văn Khê urban area project (Usilk City), led by Song Da Thang Long JSC (UPCoM: STL). The inspectorate cited violations across finance, land, and construction and forwarded the full case file to the investigative agency under the Public Security Ministry.
Liquidity showed a slight improvement in the week of 13–17/04, with cash flow diverging across sectors. Real estate and steel attracted the most inflows, emerging as the two favored groups.
In the policy arena, tax-exempt revenue thresholds for small businesses could rise to 1 billion dong if the bill is passed and the government is delegated authority. Separately, a parliamentary committee plans to review and amend several tax laws related to tax-exempt revenue thresholds for household businesses.
On the market side, the State Securities Commission (UBCKNN) warned against unauthorized stock analysts and fined one company for non-licensed stock analysis activities.
HOSE also announced that several stocks will be placed under warning starting April 24 due to late or missing 2025 audited results.
In banking and payments, the central bank banned banks from splitting large transactions above 500 million, aiming to curb payment-related crime.
Authorities are also pursuing a policy approach to stabilize the stock market during periods of peak interest rates, reflecting the inverse relationship between interest rates and stock performance.
Vilico (UPCoM: VLC) held its 2026 annual general meeting on the afternoon of April 20. The company set targets for revenue up nearly 20% and pre-tax profit up nearly 50%, while indicating that net profit after tax is expected to decline. The AGM also approved a sale price for the Tam Đảo project above one trillion dong.
Vinhomes raised its 2026 profit target by an additional 10 trillion dong to 60 trillion dong, compared with the previous plan.
Nam Bay Bay Investment JSC disclosed that its leadership is behind the purchase of 6 million treasury shares. Management said the buyback is not a short-term decision, but part of a plan aimed at strong revenue growth over 2026–2030.
VPBankS (VPBankS) held its 2026 AGM with a planned 32% compound annual growth rate over the next five years. The AGM agenda includes approval of the business plan, profit distribution, changes in board size, and the appointment of one new director.
FPTS reported Q1 2026 results with revenue of over 378 billion dong, up 21% year-on-year. Despite higher provisioning, net profit rose only modestly (around 5%). The brokerage’s net profit was near 160 billion dong in Q1 2026, with proprietary trading and margin scale moving in opposite directions.
SSC AGM updates included efforts to find buyers for more than 1 million treasury shares to meet public company requirements. The chair also discussed sector challenges and adaptation.
Novaland nominated Mr. Bui Cao Nhat Quan to its board and plans to issue nearly 168 million treasury shares, as reflected in updated AGM materials that also cover leadership appointments and fundraising plans.
Additional leadership trading was noted for GMD, HAG, and HPG during the week of 13–17/4/2026, with leadership and relatives buying more than they sold.
Several brokers also issued outlook notes: DCM was upgraded on higher urea prices and improved margins; HDB’s weight was raised on credit growth; and SAB was monitored for a potential earnings recovery.
Chairman Pham Hoành Sơn (SRC) stated that total investment for the 231 Nguyen Trai project is 20,000 billion dong.
VPBankS Q1 2026 performance was highlighted as profit up 55% and margin financing debt nearing 36,000 billion dong, with margin financing described as nearly four times higher.
ASAM reported a Q1 2026 loss attributed to market volatility, alongside higher operating costs.
Cảng Đồng Nai posted net profit of nearly 111 billion dong in Q1 2026, up 11% year-on-year.
China’s economy showed improvement in Q1, with several key indicators beating expectations. GDP rose 5% year-on-year, while consumption, investment, trade, and industrial output strengthened amid external uncertainties.
In the United States, stock index futures fell sharply while oil climbed about 6% as weekend developments relating to Iran tensions re-emerged.
Gold prices retreated, with SJC gold around 171.3 million dong per tael, tracking a global decline.
The Asian Development Bank (ADB) said the yen could face further pressure if the Bank of Japan reacts too slowly to inflation risks.
In autos, Western automakers are reportedly relying on Chinese technology to stay competitive in the world’s largest car market by developing new electric models based on Chinese technology, with plans to export these models to other markets.
In infrastructure, Ho Chi Minh City is seeking investors for nine urban rail projects, including the Ben Thanh – Suoi Tien line and other routes. The city also aims to complete five metro/rail projects by 2026–2027.
Some companies have delisted from UPCoM or lost public company status, while HOSE warnings and UBCKNN penalties underscore ongoing compliance and disclosure enforcement.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
