Vietnam Market Daily Report — September 22, 2026
Vietnam's benchmark VN-Index closed at 1,814.27 on September 22, 2026, largely unchanged from the previous session.
Interbank VND overnight rates jumped 2.5 percentage points to 7.0% on September 21, prompting the State Bank of Vietnam to inject a net ~47,915 billion VND via open market operations and reopen a 7-day FX swap channel with a maximum size of 2 billion USD.
CafeF - Tài chính ngân hàngThe Vietnamese government has proposed removing the 0.2% tax rate on illegally encroached land under the revised Law on Non-Agricultural Land Use Tax, citing low collection efficiency, though the National Assembly's Economic and Financial Committee recommends continued taxation to prevent state revenue loss.
CafeF - Bất động sảnHo Chi Minh City Party Secretary Tran Luu Quang stated at the 9th Party Committee conference that the city contributes about 24% of national GDP and must achieve double-digit growth, 1 quadrillion VND in budget revenue, and 100% public investment disbursement by year-end, with the Urban Development Law taking effect October 1.
CafeF - Bất động sảnHoa Phat Group's Dung Quat rail and special steel plant is nearly 70% complete, with the first high-speed rail steel expected in Q1 2027. The company also proposed a phase 2 expansion that would add 2 million tons/year of capacity and 20,000 billion VND in investment.
CafeF - Thị trường chứng khoánHo Chi Minh City Chairman Nguyen Van Duc said the city is in a final sprint to achieve double-digit growth, with 9-month GRDP growth of about 9%, budget revenue of roughly 670.6 trillion VND, and FDI of about 12.19 billion USD, while noting the remaining gap to year-end targets.
CafeF - Vĩ mô đầu tưAt a real estate policy seminar, officials discussed measures to lower housing prices, including controlling land costs, speculation, and market-based land valuation, and noted that the draft Law on Real Estate Business will include provisions to regulate the market and define speculation.
CafeF - Bất động sảnThe State Bank of Vietnam approved HDBank's plan to increase charter capital by up to 22,015 billion VND (about 880 million USD) via stock dividends, bonus shares, and a private placement, lifting charter capital to over 72,069 billion VND. HDBank also reported H1 2026 pre-tax profit of 13,202 billion VND, up 31% year-on-year.
CafeF - Tài chính ngân hàngThe Vietnamese government proposed exempting corporate and personal income tax on revenue from providing meals to schools and hospitals, but the National Assembly's Economic and Financial Committee did not agree, citing insufficient legal and practical basis.
VnExpress - Kinh doanhThe Chairman of Vietnam's State Securities Commission said the fund industry now manages VND 846 trillion and should become a professional, long-term capital force for the economy, especially after FTSE Russell upgraded Vietnam to secondary emerging market status.
CafeF - Thị trường chứng khoánVietnam's trade deficit reached a 30-year high of over 23.5 billion USD by mid-September, driven by a surge in imports of machinery, electronics and raw materials, putting pressure on the exchange rate, interest rates and growth quality.
CafeF - Vĩ mô đầu tưFiinRatings reports Vietnam's green bond market fell to VND 3,407 billion across 5 issuances in 2025 from VND 10,325 billion in 2024, while green credit reached VND 780 trillion, up nearly 15% year-on-year. The report highlights policy breakthroughs like Decision 21's national Green Taxonomy and a proposed 2% interest rate subsidy under Resolution 198.
CafeF - Tài chính ngân hàngVietnam needs about USD 245 billion for major infrastructure projects in 2025-2030, requiring coordinated funding from the state budget, bank credit, ODA, international loans and foreign investors. The SBV has introduced flexible measures such as raising the cap on short-term funds used for medium/long-term lending from 30% to 40% and allowing syndicated loans for large projects.
CafeF - Bất động sảnVietnam and the US have made significant progress and are close to signing a reciprocal, fair and balanced trade agreement, according to Vietnam's Party General Secretary To Lam and US Trade Representative Jamieson Greer.
VnExpress International - BusinessVietnam's capital market development requires rebalancing financial structure as bank credit dominates funding, with credit growth outpacing deposit mobilization and credit reaching about 145% of GDP in 2025. The article calls for stronger equity and bond markets to supply medium- and long-term capital.
CafeF - Thị trường chứng khoánBac Ninh province approved a housing development plan for 2026-2030 targeting over 511,000 commercial homes and nearly 129,000 social homes, with total estimated capital needs of about 718.5 trillion VND.
CafeF - Bất động sản