Dragon Capital Research Hub

Dragon Capital’s recent research underscores a significant expansion in Vietnam's industrial and capital expenditure cycles, marked by a 9.9% year-on-year increase in industrial production. This growth is fundamentally supported by record levels of foreign direct investment (FDI) disbursement and aggressive public investment strategies. While headline inflation reached 5.5% due to energy price volatility, the core inflation rate remains contained at 3.9%, providing a stable macroeconomic backdrop. The equity market has shown strong momentum, with the VNI rising 10.7% in USD terms following the confirmation of a FTSE Secondary Emerging Market upgrade effective September 2026. This optimism is further bolstered by exceptional corporate performance, as the top 100 companies reported a 56% year-on-year growth in earnings. Consequently, the firm’s outlook suggests a period of robust structural growth driven by both fundamental industrial strength and improving capital market accessibility.