Việt Nam News

The market closed largely unchanged on Wednesday as bullish and bearish sentiments entered a tug-of-war.

The State Bank of Vietnam (SBV) is mulling over stricter lending regulations, especially to finance purchases of properties and stocks, according to inside sources.

Shares lost rising momentum in the last trading minutes on Friday as divergence continued to expand to the whole market.

Shares continued to slide in HCM City but recovered in Hà Nội on Wednesday as liquidity decreased on widening divergence.

Việt Nam will need to speed up the digital transformation in its financial services sector in order to develop a digital financial ecosystem, experts said at a forum last Friday (June 17).

Market analysts forecast that the VN-Index will continue to be hampered and face the risk of weakening again in the short term.

Vietnamese shares ended lower on Wednesday as investors shunned risky assets on worries about volatile global markets after aggressive interest rate hikes.

Vietnamese shares inched higher on Tuesday as investors snapped up beaten-down shares following a bruising selloff in the previous session.

Shares started the week on a negative note, hammered by losses in multiple sectors facing strong correction pressure during the trading time.

Despite difficulties due to high inflation, declining net interest income (NIM) and rising bad debts, analysts say Vietnamese banks can overcome risks related asset quality thanks to their large reserve buffers and tight control in lending highly risky areas.

The international trade show on information technology, telecommunication and electronic products (ICT COMM) and the International Exhibition of Film and Television Technology (Telefilm Vietnam) opened on June 9 at the Saigon Exhibition and Convention Centre.

Deputy Prime Minister Lê Minh Khái clarified a number of issues raised by National Assembly (NA) deputies regarding banking activities as part of the ongoing NA third meeting's question-and-answer session on June 9.

Việt Nam’s economy is recovering and businesses are in dire need of capital, especially “cheap” (low interest rate) capital to revive and develop their production and business activities post pandemic. Economist Vũ Đình Ánh talked to the Vietnam News Agency Television about the credit growth and the interest rate towards the end of this year.

Deposit interest rate in the second half of this year might be adjusted up some 0.3 to 0.5 percentage points, experts forecast.