News

Thus, Vietnam’s stock market seems ready for a big trend reversal

Vietnam credit growth could touch the 20 percent cap, totalling 2,700 trillion dong ($129.62 billion) at the year end,

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11 a.m. local-time close.

Six Vietnamese commercial banks, including the country’s two biggest listed lenders, cut borrowing costs for businesses as the government strives to make credit cheaper to protect economic growth.

Vietnamese stocks closed mixed today as investors still paid premium to buy blue chips on HOSE but they turned to take profit from speculative, hot issues on the HNX.

Foreigners continued to net buy Vietnamese shares on both two bourses today on improving sentiment.

The UPCoM-Index, the measure of 128 unlisted public companies, fell today as investors were cautious after recent gains.

Prime Minister Nguyen Tan Dung said that the Government would continue to pursue target of taming inflation rather than economic growth.

The Ministry of Planning and Investment recently proposed to privatize and list four big companies: Viettel, MobiFone, Habeco and Sabeco in an effort to resume programs of equitizing state-own enterprises.