Vietnamese Market Community

About the company Vinamilk, formally known as Vietnam Dairy Products Joint Stock Company, is the largest dairy producer and a leading food and beverage company in Southeast Asia. Evolving from a state-owned enterprise to a publicly listed nutrition brand, Vinamilk offers a broad portfolio, including liquid and powdered milk, yogurt, condensed milk, plant-based beverages, and specialized nutrition products.Read more

Yeah1 (YEG) has undergone a full corporate cycle of rapid rise, deep crisis, and strategic rebirth: after growing quickly in the 2010s as a leading digital media network riding YouTube’s platform, the company collapsed in 2019 when YouTube terminated its partnership, triggering sharp revenue declines, heavy losses, and years of painful restructuring marked by asset divestments and management overhaul; having survived this period, Yeah1 re-emerged from 2023 onward by refocusing on its core strength—producing large-scale entertainment content—achieving a strong turnaround through hit reality shows that generated viral attention, robust advertising income, live event monetization, and renewed investor confidence, while repositioning itself as a multi-platform content producer with ambitions to export Vietnamese cultural IP rather than depend on third-party platforms. If the current recovery momentum is sustained and earnings growth continues to normalize at a higher base, YEG’s valuation could reasonably re-rate toward the 60,000đ, although this outcome remains contingent on the durability of its content pipeline and cash flow generation.Read more

SIP – 2Q2025 Review: Solid Core Operations, Expanding Land Bank 2Q2025 Results: SIP reported revenue of VND 2,100 billion (+10% YoY) and NPAT-MI of VND 309 billion (+3% YoY). For 6M2025 , net profit reached VND 660 billion (+21% YoY).Read more

3Q2025 Results: Revenue and net profit reached VND 312 billion (+17% YoY) and VND 204 billion (+10% YoY) , respectively. For 9M2025 , revenue totaled VND 870 billion (+17% YoY) and net profit VND 563 billion (+8% YoY).Read more

Key Takeaways Intensifying digital and foreign competition, as well as fintech disruption, threatens core revenue streams and squeezes margins through higher costs and weaker pricing power. Elevated compliance burdens and concentrated exposure to retail and real estate lending heighten credit and operational risk, potentially undermining profitability and financial resilience.Read more

Key Takeaways Rapid digital transformation, diversification, and Vietnam's economic growth position Techcombank for sustained retail and corporate expansion, improved margins, and greater earnings stability. Regulatory modernization and sector liberalization enable the bank to efficiently capture market share, boost profitability, and strengthen its leadership through innovation and capital deployment.Read more

Key Takeaways Leadership in digital, fee-based, and innovative deposit solutions drives revenue and margin expansion well beyond industry consensus. Strategic positioning in high-growth segments and new financial technologies secures outsized profit and loan growth, leveraging Vietnam's economic transformation.Read more