The VN-Index rose over 19 points to close near 1,820, led by Vingroup stocks hitting new all-time highs, while foreign investors were net sellers of over VND 1,100 billion.
Vietcombank (VCB) cut its 24-month deposit rate by 0.5% to ~6% annually, part of a coordinated reduction by 29 commercial banks after the State Bank Governor's April 9 meeting. BIDV implemented the deepest cuts at 0.8-0.9% across terms, while joint-stock banks like VPBank and Techcombank followed with 0.3-0.5% reductions.
TCB's securities subsidiary TCBS reported Q1 2024 revenue of VND 2,783 billion, up 37% year-on-year, and pre-tax profit of VND 1,458 billion, up 11%, with margin lending contributing over half of revenue. The company targets full-year pre-tax profit of VND 7,535 billion, implying 19% of the annual plan is already achieved.
TCB (TCBS) reported Q1 2026 revenue of VND 2,783 billion, a 37% year-on-year increase, and pre-tax profit of VND 1,458 billion, up 11%. The securities unit maintained its leading market share in corporate bond issuance at 86% and top-three brokerage positions on HOSE and HNX, while advancing its AI transformation strategy.
Securities company proprietary trading desks were net buyers of 60 billion VND on HoSE, with MSN being the top net buy at 38 billion VND, while foreign investors were net sellers of 3,651 billion VND.
The VN-Index rose to 1,800 points, driven by strong gains in Vingroup-related stocks (VIC, VHM, VRE, VPL), while the broader market saw more declining stocks than gainers, with pressure in banking, real estate, energy, and steel sectors.
The State Bank of Vietnam reports over 20 commercial banks, including ACB, have cut deposit rates by 0.1-0.5% p.a. following a directive meeting on April 9, 2026.
Over 20 Vietnamese commercial banks, led by major state-owned and private institutions, have simultaneously reduced deposit rates by up to 0.5% per annum, following a directive from the State Bank of Vietnam (SBV) on April 9. This coordinated move is expected to pave the way for a broader reduction in lending rates, with early movers like Agribank and Nam A Bank already cutting loan rates by 0.5-3.0% to support economic recovery.
Khang Dien House (KDH) faces potential removal from the VN-Diamond index due to its foreign ownership limit (FOL) ratio falling below the required 65%, which could trigger ETF selling of over 4 million shares. BSC forecasts this would place KDH on a watchlist with a 50% weighting cut, while FPT, MBB, and TCB are expected to see increased ETF buying due to higher index weightings.
Foreign investors were net sellers of VND 123.2 billion (~USD 4.93 million) on the Vietnamese stock market, with notable net buying in Food & Beverage and Securities sectors, and net selling in Banking. Individual investors were strong net buyers of VND 1,237.3 billion.
Market liquidity declined slightly despite a positive weekly index performance, with capital flows showing significant divergence across sectors, particularly in construction, banking, and real estate stocks.
Chinese automotive giant Geely explores building an electric vehicle plant in Northern Vietnam's Phu Tho province amid discussions about its global expansion plans.
Vietnam's Central Party Committee emphasizes balancing anti-corruption efforts with protection for innovators, promoting economic growth through technology adoption and private sector development.
Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.