Market Highlight 12.11.2026

Artificial Intelligence (AI) is becoming an increasingly important driver of global economic growth. The wave of investment in U.S data centers is boosting demand for chips, servers and electronic equipment, generating positive spillovers to manufacturing, exports and infrastructure development across many countries. Asia is benefiting the most. According to CEIC data, China’s exports in October rose by 35% year-on-year. Meanwhile, South Korea’s exports reached 115,28 billion USD in October 2026, up 93,7% from a year earlier, driven notably by semiconductor demand related to AI development. Japan, Taiwan and Singapore also recorded double-digit export growth. These results reflect strong demand for AI-related hardware systems, further supported by higher prices for chips and technology equipment. AI-related products currently account for as much as 80% of the recent increase in exports.

Global trade is heading toward its strongest annual growth since the hyper-globalization era of the early 1990s, excluding the rebounds following the pandemic and the 2008 - 2009 global financial crisis. The benefits of the technology boom continue to broaden: Vietnam and Mexico are expanding exports through assembly hubs; Malaysia, Thailand and Australia are developing data centers; while European companies are supplying power and cooling systems. For Vietnam, this trend creates opportunities to expand electronics exports and deepen its participation in global technology supply chains.

Interbank USD/VND rose for a second consecutive day, closing at 25.665, supported by a 0,6% increase in the USD in global markets. The SBV raised the effective daily ceiling by 11 dong to 26.891. The key resistance level to monitor for USD/VND currently stands at 25.800 - 25.820.

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