Vietnam Market Daily Report — September 25, 2026
Vietnam's benchmark VN-Index closed at 1,787.34 on September 25, 2026, largely unchanged from the previous session.
Vietnam's interbank overnight rate fell to 1% on September 24, down 600 bps from 7% on September 21, as the State Bank of Vietnam withdrew about 4,518 billion VND in net liquidity via OMO after earlier heavy injections.
CafeF - Tài chính ngân hàngHoREA reports that almost no social housing developers can access the VND 145,000 billion preferential credit package from 9 banks at 6.1%/year, forcing them to borrow commercially at rates up to 14%/year. The association proposes further lowering the social housing buyer rate to 4.8%/year and cutting land rent and tax burdens for real estate firms.
CafeF - Bất động sảnGlobal economies are showing resilience despite central banks raising interest rates, with equity markets holding up better than expected. Economists are revising up estimates of the neutral rate, suggesting stronger underlying growth.
VnEconomy - Chứng khoánThe Prime Minister ordered a review of capital disbursement for the North-South high-speed railway and other key transport projects, urging faster land clearance and relocation to ensure progress.
CafeF - Bất động sảnThai Nguyen province will cover business registration publication fees and digital signature costs for the first 12 months for newly established enterprises, as part of a broader push to more than double the number of businesses by 2030.
VnExpress - Kinh doanhThe Ministry of Home Affairs has proposed raising the regional minimum wage by an average of 7.8% from January 1, 2027, with the highest rate in Region I reaching 5.7 million VND per month.
CafeF - Vĩ mô đầu tưAn Giang province approved a 1/2000 master plan for the 1,759-hectare Bai Vong area in Phu Quoc, including 82 hectares of golf land and a population of about 35,000, oriented toward tourism services and urban development.
CafeF - Bất động sảnVietnam's bond market maintained steady issuance through mid-September, with government bond auctions raising nearly VND261.1 trillion (52.2% of the 2026 plan) and corporate bond issuance reaching VND398.5 trillion year-to-date, concentrated in banking and real estate. The Fed's 25bps rate hike to 3.75-4% adds pressure on domestic interest rates and yields.
CafeF - Thị trường chứng khoánGlobal government bond selloff continues, with US 30-year Treasury yields hitting 5.501%, the highest since 2004, and 10-year yields at 5.223%, driven by energy prices, resilient growth, and inflation concerns. Rising US yields could pressure global financial conditions and emerging markets like Vietnam.
VnEconomy - Chứng khoánThe Prime Minister issued directives to accelerate progress and disbursement for the North-South high-speed railway (350km/h, 15 provinces, $67 billion) and the Lao Cai-Hanoi-Hai Phong railway, including feasibility studies and land clearance.
CafeF - Bất động sảnHo Chi Minh City approved a 7,688 billion VND (about 304.57 million USD) drainage and wastewater project for the West Saigon area, funded partly by a 200.29 million USD ADB loan, to be implemented from 2024 to 2029.
CafeF - Vĩ mô đầu tưThe Ministry of Agriculture and Environment has proposed extending the deadline for completing the national land database to December 2027, as more than 36.7 million land parcels still lack data.
CafeF - Bất động sảnAverage lending rates at Vietnamese banks rose 0.1-0.2% in August to 8.4-10.7% per year, with mortgage rates climbing and increasing repayment pressure on homebuyers.
CafeF - Tài chính ngân hàngThe National Assembly Standing Committee has convened the second session of the 16th National Assembly, opening on October 17, 2026, and expected to close on November 20, 2026. The session will consider and pass 43 laws and resolutions, and review 10 groups of socio-economic, state budget, and oversight issues.
CafeF - Vĩ mô đầu tưThe State Bank of Vietnam and NAPAS are expanding cross-border QR payment connectivity through VietQRGlobal, with strong growth in transactions from Thai, Lao, Cambodian, and Chinese visitors. This supports the retail, tourism, and digital payment sectors.
CafeF - Tài chính ngân hàng