Banking & Finance
Domestic gold prices continue downward trend
The prices of SJC-branded gold bars dropping by VND6-7 million ($228-$266) per tael on July 23.
Banking & Finance
Vietnam’s potential to become a global pioneer in Real-World Asset tokenization
Given that the global scale of the Real-World Asset (RWA) tokenization market remains modest, Vietnam has significant opportunities to anticipate the development wave and attract international capital flows.
Business
The Vietnamese IPO market recorded an impressive recovery in the first half of 2026
Vietnam recorded four IPOs in the first six months of the year, after none in the same period last year...
Stock market posts record decline
The fall of 276 points during September has resulted in a decline in the VN-Index of 500 points since the beginning of the year; one of the largest in the world. Not only domestic individual investors lost and withdrew funds, with many foreign funds also reporting record losses.
Deposit rates expected to continue upwards to year-end
After the State Bank of Vietnam (SBV) raised the ceiling interest rate for deposits under six months to 6 per cent per annum, many banks increased their rates from October 25. The highest is at SCB, at up to 9.3 per cent per annum. Analysts have forecast that interest rates will continue to increase over the closing months of the year due to exchange rate pressure and inflation.
Pyn Elite Fund: Stocks may bottom out this week or next
According to Mr. Petri Deryng, Founder of Finland’s PYN Fund Management Ltd and Portfolio Manager of the PYN Elite Fund, Vietnam’s stock market, which is the worst in Southeast Asia in terms of profitability, could bottom out this week or next. Interest rates, however, may peak in the country in early 2023. He believes that the situation will calm down in the months to come, thanks to directions, inspections, and close supervision from authorities.
Taxes to change under FTAs
The Ministry of Finance has said it is developing a Decree on preferential tax rates to implement a series of FTAs in the 2022-2027 period, with some tax lines to come down to 0 per cent under a roadmap. An analyst from the Australian Economic Reform Program (Aus4ReForm) said that its participation in many bilateral and multilateral agreements with major economies in the world means Vietnam has become one of the most open countries in the region and the world.
Challenges for banks in applying blockchain up for discussion
The Vietnam Banks Association (VNBA) held a seminar on October 26 entitled “Opportunities and challenges to apply blockchain to operations in the banking and financial sector”. A representative from Vietcombank pointed out the many obstacles for banks in applying blockchain, including the high cost of research and infrastructure investment and the long period needed to synchronize transition with other systems. A TPBank representative said it is necessary for banks to pilot a sandbox to successfully apply blockchain.
Yuanta: Bank stocks still very attractive
Before the State Bank of Vietnam decided to increase the operating interest rate from October 25, Yuanta said the increase would negatively affect the valuation of stocks. However, bank stock valuations remain very attractive.