Bánh Mì Brief

Markets, deals and policy from the last 24 hours.

◆  Top 3

1 ▸ Petrol tax cut to zero, E5 down VND1,804

Resolution 45/2026/NQ-CP, signed by Deputy PM Nguyen Van Thang on 31 October, cuts the special consumption tax on all petrol to 0% from 1 November to 31 March 2027. From midnight, the E5RON92 ceiling fell VND1,804 to VND24,223 a litre and E10RON95-III fell VND1,575 to VND24,159. The stabilisation fund was not used. The tax period can be shortened or extended.

→ VietnamPlus · 31 Oct

→ Confirmed: VietnamPlus · 1 Nov

2 ▸ Electricity prices cut 2% from 1 November

EVN cut the average retail electricity price by 2% to VND2,159.9 per kWh excluding VAT from 1 November, down from VND2,204.07, under EVN Decision 1305 and trade ministry Decision 2892. Deputy PM Nguyen Van Thang told the Assembly the cut runs to 31 March 2027 and, with the petrol tax cut, gives about 0.07 points of room toward the 4.5% inflation target.

→ Dien dan Doanh nghiep · 1 Nov

→ Confirmed: VietnamPlus · 31 Oct

3 ▸ Q4 must grow 12.5% to hit 10% target

Deputy PM Nguyen Van Thang told the National Assembly on 31 October that GDP must grow 12.5% in Q4 to reach the 10% full-year target, a big challenge but not impossible. Nine-month growth was about 9.01%. He said a 12.5% US Section 301 tariff added in Q3 now hits about 70% of exports to the US. Public investment disbursement passed 75% of plan by 29 October.

→ Tin nhanh Chung khoan · 1 Nov

→ Confirmed: Nhan Dan · 31 Oct

◆  Economy & Markets

▸ Inflation at 4.52%, just above target

Average CPI rose 4.52% in the first nine months, slightly above the 4.5% target, Deputy PM Nguyen Van Thang told lawmakers on 31 October. The state has spent about VND64tn on petrol tax and fee cuts this year and will spend about VND4tn more to cut the petrol excise from 7% to 0% through year-end. The 2% VAT cut continues to the end of 2026.

→ Nguoi Quan Sat · 31 Oct

▸ VN-Index loses 32 points on the week

The VN-Index fell 32.53 points last week to 1,741.62, with average volume above 645m shares a session, while the HNX-Index dropped 3.79 points to 252.74. Foreign investors were net sellers on HoSE for five straight sessions, offloading more than VND2,692bn.

→ CafeF · 1 Nov

◆  Business & Deals

▸ SCIC's Seaprodex stake auction fails again

HNX cancelled the 2 November auction of SCIC's nearly 80m Seaprodex shares, a 63.38% stake, after no investor registered by the 26 October deadline. It is the second failure after the 29 September attempt. The starting price was over VND8,500bn, about VND107,400 a share. Seaprodex's main asset is a 1,522 sq m plot at 2-4-6 Dong Khoi in HCMC.

→ CafeF · 1 Nov

▸ Property and industrial-park firms report weaker profits

Several listed firms posted weaker Q3 results. Tin Nghia (TID) saw nine-month after-tax profit fall 69% to over VND234bn. DIC Corp (DIG) Q3 profit dropped 64% to over VND69bn, leaving it at 40% of its annual plan. Thuduc House (TDH) swung to a nine-month loss of over VND1bn from a VND103bn profit a year earlier.

→ CafeF · 1 Nov

◆  Politics & Policy

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◆  Worth Knowing

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Every item links to the original article. Vietnam time is UTC+7.
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