Vietnamese shares rebounded on Monday as market sentiment remained positive, following a new decree released last week to cut tax for virus-hit businesses.
A total of 214 stocks listed on HoSE, or 55 per cent of the total, have still shown good performance despite the local market’s downturn.
Vietnamese markets are forecast to experience some volatility with alternate corrections while moving upward next week, with strong support from heavy-weight stocks.
A draft decree being developed by the State Securities Commission to implement the amended Law on Securities may cause local banks to lose out on potential foreign investment.
Despite a credit slowdown in the first half of 2020, some private commercial banks have still asked the State Bank of Việt Nam (SBV) for a credit growth expansion to prepare for a peak lending season expected at the end of the year.
Banks, securities firms, technology companies and consumer businesses stood out among best-performing sectors on Friday.