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The business picture for Q1 2026 reveals stark contrasts: while the energy and consumer sectors posted impressive growth, the real estate and stock market segments showed clear divergence between the leaders and the rest of the market.
Profitability shows wide dispersion. Vincom Retail (VRE) and SJ Group (SJS) posted strong growth, while others such as VEFAC (VEF) or Da Nang Port (NDN) saw profits fall by as much as 98%.
The banking sector maintained a steady growth trajectory with increases commonly ranging from 16% to 58%. Major players like VPBank and Techcombank surged, while LPBank and Saigonbank were among the few names reporting negative growth.
The market displayed a clear split. Large firms such as SSI, VPS, and TCBS posted profits in the trillions with double-digit growth. However, smaller-cap groups faced significant difficulties, with many entities reporting deep losses such as EVS (-197 billion dong) or VDS.
Oil and gas and fuel products reported explosive numbers, especially PV Gas D with explosive growth. PV GAS continued to hold its position with pre-tax profit reaching 3,755 billion dong, up 10% year-on-year.
Most thermal and hydroelectric companies reported positive growth. However, a small number of smaller hydro units remained loss-making or posted negative growth.
F&B recovered strongly, with Masan Group (MSN) up 90% and Sabeco (SAB) up 51%. Masan Consumer (MCH) remained a “golden goose” with profits exceeding 2,000 billion dong.
The port sector remained green with average growth of 10%–60%. By contrast, the shipping segment still faced challenges, as some firms like Nosco and Phuoc An Port have yet to return to profitability.
Automotive & Parts saw a robust recovery in tire-related groups (CSM, DRC, SRC). VIMID stood out with profit growth of up to 539%, while Haxaco declined slightly.
Companies in the sector overall posted positive results, with profit growth ranging from 9% to 132%.
Source: Nhịp sống thị trường
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