News

Vietnam’s benchmark VN-Index rebounded from a six-week low on October 13 as large-cap stocks rallied amid improving sentiment.

The State Bank Governor Nguyen Van Binh has ordered relevant departments and offices to prepare for restructuring the banking system, including the possibility of merger and acquisition of small banks.

Vietnamese stocks ended with a mixed note today as investors hunt bargain in blue chips but kept selling pennies on the smaller cap bourse, liquidity shrank on caution.

The UPCoM-Index, the measure of 127 unlisted public companies, closed down for 5 consecutive days as investors’ sentiment was weak on lack of supporting news.

Foreigners turned to net sell Vietnamese shares on both the Hochiminh Stock Exchange and the Hanoi bourse today on weak sentiment, liquidity drained.

The Ho Chi Minh Stock Exchange and Hanoi Stock Exchange yesterday announced lists of more than 150 securities not eligible for margin trading.

SBV is suggested to review the methodology of calculating interests on deposits to ensure the consistency in the banking system.

Vietnamese stocks dropped today as investors sold shares aggressively on tension of forex market, banks’ liquidity and margin trading restriction.

The UPCoM-Index, the measure of 127 unlisted public companies, closed down for 4 days in a row as investors’ sentiment was weak after plunges seen in the official bourses.