Vietnam Market Daily Report — September 24, 2026
Vietnam's benchmark VN-Index closed at 1,773.02 on September 24, 2026, largely unchanged from the previous session.
Vietnam's interbank overnight rate plunged from 7% to 2.5% after the State Bank of Vietnam expanded liquidity support via OMO and a USD 2 billion FX swap, easing VND liquidity pressure.
CafeF - Tài chính ngân hàngPetroVietnam Ca Mau Fertilizer (DCM) revealed 9-month 2026 results with output, revenue and profit all growing over 10%; H1 revenue rose 27% to nearly VND 12,000 billion and net profit jumped 55% to nearly VND 1,860 billion, already exceeding 57% of the full-year profit target.
CafeF - Thị trường chứng khoánJollibee's subsidiary will sell a stake in Highlands Coffee operator SF Vung Tau Jsc to founder David Thai's Viet Thai International, raising Thai's holding to 51% in a deal valuing the chain at around $800 million. Highlands Coffee is considering an IPO in Q1 2027.
VnExpress International - BusinessUS-based Elmet Group will acquire a 4.99% stake in Masan High-Tech Materials (MSR) at a $2.5 billion equity valuation, alongside an 8-year strategic tungsten supply partnership worth an estimated $1.5 billion in gross revenue.
CafeF - Doanh nghiệpThe Swiss National Bank kept its policy rate unchanged at 0% on September 24, diverging from other major central banks that have been raising rates to fight inflation.
VnExpress - Kinh doanhEconomist Tran Quoc Hung said Vietnam's labor productivity must accelerate to 8.5-9% annual growth to achieve double-digit GDP growth, as population growth slows. He called for higher investment (to 40% of GDP) and workforce training.
VnExpress - Kinh doanhAnalysts from VNDirect and Techcombank expect interest rates to remain flat and unlikely to fall clearly before early 2027 due to inflation pressure and the Fed's continued rate hikes. Deposit rates have reached 8-8.1% for 6-24 month terms, while lending rates average 10.7% in August.
VnExpress - Kinh doanhVingroup's VinMetal steel complex in Ha Tinh, with nearly 80 trillion VND (about $3.2 billion) investment and 461 hectares, is larger in area than Hoa Phat Dung Quat 2 and targets first steel by early 2027, focusing on high-quality steel for EVs and high-speed infrastructure.
CafeF - Thị trường chứng khoánVietnam plans the 119 km Bao Ha - Lai Chau expressway (CT.13) with 6 mountain tunnels and 70 bridges, total investment about 50,000 billion VND (~2 billion USD), implemented as public investment in 2026-2031.
CafeF - Vĩ mô đầu tưAt a meeting on VAT refunds, the Tax Department ordered local tax offices to clearly respond to businesses on refund amounts, reasons, and verification timelines, as many firms face prolonged delays in receiving VAT refunds.
CafeF - Vĩ mô đầu tưThe Prime Minister instructed ministries to review funding needs and disbursement capacity for the North-South high-speed railway project, accelerate resettlement and site clearance, and finalize technical standards to keep the project on schedule.
CafeF - Vĩ mô đầu tưState Bank of Vietnam Governor Pham Duc An directed credit institutions to review and strengthen their entire internal control, audit, and inspection systems to better identify and manage risks.
CafeF - Tài chính ngân hàngPrime Minister Le Minh Hung said the State will regulate land prices and ensure affordable long-term housing for citizens, prioritizing social housing and rental housing, which should reduce pressure on home ownership and help control real estate prices.
CafeF - Vĩ mô đầu tưVietnam's Government and State Bank continue to target stable interest rates and lower lending costs, but market developments show some banks raising deposit rates above 9%/year while interbank overnight rates spiked to 7%/year on September 21. Credit growth of 9.98% year-to-date is outpacing deposit growth of 8.33%, intensifying funding competition.
CafeF - Tài chính ngân hàngThe Ministry of Finance reported that the petrol and oil price stabilization fund balance reached over 196.28 billion VND as of June 30, up 1.22 billion VND from the start of Q2 due to accrued interest, with no contributions or withdrawals during the quarter. Petrolimex and PVOIL were among the main contributors to the fund.
CafeF - Vĩ mô đầu tư