Analysis Reports

BMP is a leading enterprise in the construction plastic industry in Vietnam. BMP currently holds a 27% market share nationwide and 50% market share in the South. The company has recorded stable business results in recent years, mainly due...

On October 11, 2025, FTSE Russell released a FAQ document regarding the reclassification of Vietnam from frontier to secondary emerging market status. The following key points are noteworthy: 1. Timeline and Implementation Process: Vietnam will be officially upgraded in...

NAM TAN UYEN INDUSTRIAL PARK JSC (NTC VN) NTC has moved from UpCOM to HSX on 10/18/2025 with the reference price of VND161,470/share. The company owns the second largest IP land bank amongst the listed IP companies with 16...

IDICO CORPORATION – JSC (IDC VN) The 3Q2025 business results were better than our forecast given higher industrial park area delivered than expected. We revised up our 2025 earnings forecast by 20% and rolling forward target price to VND51,900/share...

In 3Q2025, the company delivered 5.3% YoY and 6.2% YoY increases in net revenue and EAT, respectively, in line with our projections. We maintain our respective growth projections at 14.3% YoY and 17.1% YoY for IMP in 2025 and...

Economic data for October 2025 indicates that key growth drivers remain intact. Year-to-date (YTD) credit growth exceeded 15%, and public investment disbursement increased by 15.6% YoY (VND464tn, fulfilling 51.7% of the Prime Minister’s target). Meanwhile, other drivers, such as...