Vietnam Market Daily Report — October 29, 2026
Vietnam's benchmark VN-Index closed at N/A on October 29, 2026, largely unchanged from the previous session.
Credit outstanding reached over 20.72 quadrillion VND, up 11.44% from end-2025, while bad debt pressure is rising with the NPL coverage ratio falling to about 80%, the lowest in five years. BIDV's chairman proposed allowing banks to sell bad debt at market prices, even below book value, based on realistic recovery prospects.
CafeF - Tài chính ngân hàngGELEX Electric (GEE) reported 9M2026 revenue of VND26,293 billion (+44.2% YoY) and pre-tax profit of VND2,718 billion, completing 100.5% of its full-year 2026 profit plan, with core electrical equipment pre-tax profit up 32%.
CafeF - Doanh nghiệpHanoi's People's Council approved an additional VND 18,615 billion in public investment capital and reallocated large funding sources to prioritize five urban railway lines, including VND 200,000 billion in contract advances needed.
CafeF - Vĩ mô đầu tưThe Ministry of Finance is drafting a decree to temporarily suspend exit bans on individuals whose personal information was fraudulently used to register businesses, pending police confirmation, after receiving 614 such complaints.
CafeF - Vĩ mô đầu tưSCB has slashed deposit rates to an ultra-low 0.01-1.18% per year across tenors, far below state-owned and private peers, as Vietnamese banks broadly cut deposit rates following State Bank directives to lower funding costs.
CafeF - Tài chính ngân hàngHanoi People's Council passed a special resolution on handling land and construction violations at 12 Muong Thanh Group projects, defining how illegal profits are calculated and requiring the developer to pay them into the city budget.
CafeF - Bất động sảnKeppel Ltd. has become one of the first members of the Vietnam International Financial Centre (VIFC), and is studying investment platforms that could mobilize up to USD 1 billion, mainly third-party capital, for real estate opportunities in Vietnam.
CafeF - Doanh nghiệpThe Fed's FOMC held the federal funds rate at 3.75-4%, acknowledging inflation remains elevated, with two members dissenting in favor of a 25bp hike. The pause signals a wait-and-see stance that affects global risk appetite and by extension Vietnamese equities.
VnEconomy - Chứng khoánMasan High-Tech Materials (MSR) signed a long-term tungsten processing deal with Korea's GB Innovation and completed a 4.99% stake sale to US-based Elmet Group for $124.75 million, alongside an 8-year supply agreement worth roughly $1.5 billion.
CafeF - Doanh nghiệpGold prices were range-bound after the Fed held rates at 3.75-4%, with spot gold up 0.2% to $4,068.5/oz while rising long-term Treasury yields and high oil prices capped gains; SPDR Gold Trust logged a second straight net inflow.
VnEconomy - Chứng khoánDomestic gold bar and ring prices were unchanged on the morning of October 29, with SJC bars quoted at 139.7–142.7 million VND per tael, while global gold was nearly flat after the Fed held rates at 3.75–4%.
CafeF - Tài chính ngân hàngFamily member of Novaland's Chairman registered to buy 30 million NVL shares while the CEO and two Deputy CEOs registered to sell roughly 25.8 million shares, all during Nov 2-13, 2026.
CafeF - Doanh nghiệp