Phạm Đức Ấn has been appointed as the new Governor of the State Bank of Vietnam (SBV) for the 2026-2031 term. He outlined key priorities including stabilizing interest rates, ensuring system safety, and enhancing credit quality, signaling the central bank's future policy direction.
Asian stock markets, including Vietnam's VN-Index, surged significantly after a two-week ceasefire announcement in a major conflict, with the VN-Index gaining 3.52% and global oil prices dropping sharply. This positive sentiment was further bolstered by an official FTSE upgrade announcement and the start of Q1/2026 earnings season.
The VN-Index recorded a historic 4.71% gain with 45 stocks hitting the ceiling across all exchanges, driven by aggressive buying and a 44% surge in daily liquidity, signaling a strong return of large capital. Securities and real estate sectors were particularly strong, with many blue-chips also reaching their daily limits.
The Vietnamese stock market experienced a strong rally on April 8, 2026, with the VN-Index surging over 4.7%, driven by easing international tensions and the confirmation from FTSE Russell that Vietnam will be upgraded to an emerging market from September 2026. This upgrade news activated strong cash flow, especially into large-cap stocks, leading to widespread gains across sectors.
Vietcombank has significantly increased its long-term deposit interest rates for April 2026, with the 24-month term reaching 6.5% per annum, reflecting a broader market trend of banks boosting medium and long-term capital mobilization. Other major banks like VietinBank, VPBank, and MBBank are also noted for similar rate increases.
The Ho Chi Minh City Business Association (HUBA) proposes reducing lending interest rates below 6% for export businesses, easing land use conversion, and developing the 'silver economy' in HCMC to support enterprises and stimulate new growth drivers.
The VN-Index and HNX-Index showed strong breakouts and reversals in the morning session of April 8th, with increased trading volume and positive technical signals. Specific stocks like CTG and VCI also displayed optimistic investor sentiment and positive short-term recovery prospects based on technical indicators.
VietinBank partnered with TikTok Shop to host a "Mega Training Bootcamp" in Ho Chi Minh City and Hanoi, attracting over 600 sellers. The program provided training on e-commerce operations and VietinBank's financial solutions to support small businesses in the digital economy.
The article discusses persistent bottlenecks in resolving bad debts within Vietnam's banking system, despite a projected decrease in the bad debt ratio, due to legal issues with collateral and an underdeveloped debt trading market. It emphasizes the need for comprehensive solutions, including legal reforms and improved inter-agency coordination, to free up capital and support economic growth.
Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.