SEIA Workshop on Accounting at SSIS
This past Monday, our Co-Founder Nam Nguyen had the opportunity of delivering an Accounting Workshop to members of the Business Club at Saigon South International School. During the session, we covered core accounting fundamentals, including the three financial statements, basic ratio analysis, and walked through real examples of our work to demonstrate how to interpret a company’s financial health and performance. Thank you to everyone who helped make this workshop possible.
Nam Nguyen
Jan 16
Vietnam in 2026: When Structure Matters
Vietnam enters 2026 with growth still holding up. The key question is whether growth can translate into real economic gains, given constraints around infrastructure stress, policy decisions, and capital allocation. Our latest macro report examines the growth potential and policy constraints shaping the year ahead.
Minh Tue Hoang
Jan 3
Vietnam Railway Industry Brief
Vingroup’s VinSpeed has secured approval for a USD 3.9B private-led high-speed rail line, reducing Bến Thành-Cần Giờ travel to 20 minutes, alongside accelerating metro and freight projects across Vietnam.
Tan Ngo
Dec 21, 2025
Vietnam's Aviation Sector Growth
Vietnam is set to have 33 airports by 2030, supporting up to 300 million passengers annually. This comes as Vietnam Airlines, VietJet, and others expand their fleet and route network all to be supported by infrastructure like the upcoming Long Thanh Airport and new Tan Son Nhat Terminal 3.
Hung Tran
Nov 27, 2025
Vietnam Macro October Report
Vietnam’s macro landscape strengthened significantly in 2025, highlighted by Q3 GDP growth of 8.23% YoY, the strongest since 2022 with steady inflation at 3.2-3.3%, and a USD16.8B trade surplus driven by high-tech manufacturing. Industrial production continued its upward trajectory, supported by resilient FDI inflows and stable domestic demand. Our October Vietnam Macro Outlook Report breaks down the global and domestic drivers shaping the country’s economic trajectory as it
Minh Tue Hoang
Nov 21, 2025
VinGroup plans 325M International Bond Issuance
VinGroup (HOSE: VIC) will issue up to 1625 bonds at $200,000 par value each, totalling $325M. Investors may have the option to receive shares of Vinpearl JSC (a VinGroup subsidiary) instead of cash. Vingroup's semi-2025 report shows total financial debt of VND 279 trillion (US$10.6B) - about 1.7x its equity.
Tan Ngo
Nov 18, 2025
Vietnam will become an Emerging Market
FTSE Russell has officially upgraded Vietnam from a Frontier Market to a Secondary Emerging Market, effective September 21, 2026. This marks one of the strongest validations yet of Vietnam's economic reforms and capital market progress. The reclassification places Vietnam alongside major economies like China and India, drawing the attention of global investors and index funds alike. Overall, it represents a pivotal milestone in Vietnam's 25-year journey toward deeper internat
Tan Ngo
Oct 10, 2025
FPT Corp Equity Report
We issue an Overweight rating for FPT Corporation (FPT, FPT.HM ) with a target price of VND115,000, with a 24.9% upside from the current price. FPT’s digital transformation and global IT services continue to grow, supported by government initiatives. Vietnam’s digital transformation is no longer theoretical — it’s accelerating. With the domestic IT market projected to grow at a 9.34% CAGR from 2024–2029, and supported by the “four horsemen” of government initiatives — 57-NQ/
Saigon Equities Forum
Oct 5, 2025
Is Vietnam ready for EM status?
Since Doi Moi reforms, Vietnam has gone from one of the world’s poorest nations to a dynamic middle-income economy in just decades. With a FTSE Russell upgrade to emerging market status on the horizon, the country is set for more big changes.
Hung Tran
Sep 7, 2025
Illuminating Vietnamese Finance
Hi! We are Saigon Equities Forum! We are a research collective dedicated to bridging knowledge gaps on the Vietnamese equities market and its role within the global financial system. Our goal is to create a platform where ideas on Vietnam’s capital markets can be debated, research is accessible and shared freely, and the next generation of thinkers can engage in reshaping their community. Catch us around for more!
Nam Nguyen
Aug 25, 2025
