Shares closed the week in the green but there were signs of weakness along with declining liquidity.
Many large non-life insurance companies plan to increase the contribution bancassurance makes to their total premium revenue this year.
Shares on the HCM Stock Exchange rebounded in the last trading minutes on Thursday, propped up by the recovery of heavyweight stocks.
Shares declined steeply towards the end of Wednesday’s afternoon session due to investor concerns over global instability.
Moody’s Investors Service on Tuesday upgraded the ratings of 14 Vietnamese banks, driven by its upgrade of Vietnam’s sovereign rating to Ba3 from B1 late last week.
Private commercial banks have raised deposit rates by 0.1-0.3 percentage points in the past two months to attract depositors amid rising capital demands.
Governor of the State Bank of Việt Nam (SBV) Lê Minh Hưng has recently directed the entire banking industry to strictly control foreign currency lending to better minimise dollar speculation and fight against dollarisation in the economy.
Vietnamese shares had a good start on Monday with two main stock indices rising, with improved liquidity and increased net buying by foreign traders among blue-chips.
The Bank for Investment and Development of Việt Nam (BIDV) has recently issued 10-year and 12 year-bonds worth a total of VNĐ430 billion (US$18.29 million).
The short-term uptrend of the stock market remains positive this week as investors may head to companies with third-quarter earnings prospects but some corrections are needed to help Vietnamese shares consolidate before rising further.