After spiking to 11% overnight, VND interbank rates dropped sharply on June 2, with the overnight rate falling 440 bps to 6.60%. The State Bank of Vietnam conducted a USD/VND swap operation of up to $1 billion and reduced OMO offerings, resulting in a net withdrawal of VND 18,620 billion from the banking system.
The State Bank of Vietnam issued a policy allowing banks to exclude new loans for social housing and industrial parks from real estate credit growth limits, benefiting industrial park developers and social housing firms.
The Prime Minister instructed the Ministry of Finance to submit a plan to develop the stock market and accelerate state-owned enterprise equitization by June, while the State Bank coordinates to stabilize liquidity and interest rates.
The State Bank of Vietnam issued Official Letter 4551, allowing 25 commercial banks to exclude new loans for social housing and industrial/export processing zones from real estate credit growth limits, aiming to channel capital into productive sectors. KBSV estimates the policy will only increase credit for these segments by 1-2% due to their small current scale.
Prime Minister Le Minh Hung instructed ministries to proactively build detailed response scenarios and create a 'shock absorber' for the economy, emphasizing growth above 10% and macroeconomic stability amid external volatility.
The Ministry of Finance recommends careful calculation of adjustments to electricity, education, and healthcare prices in 2026 to avoid compounding effects on the price level, while also proposing tax and land rent extensions to support growth.
Prime Minister Le Minh Hung directs the State Bank to maintain liquidity and interest rate stability, and the Ministry of Finance to submit a stock market development plan in June.
Foreign investors net sold over VND 19.3 trillion on HOSE in May 2026, the highest in 7 months, with cumulative net selling reaching VND 64.4 trillion year-to-date. Key sold stocks include FPT, MSB, ACB, and VHM, while VCB was the only stock with net buying over VND 1 trillion.
Becamex proposes reducing state ownership from 95.44% to over 65% during 2026-2030 via a public share issuance to meet public company shareholder structure requirements.
The State Securities Commission announced the maximum foreign ownership ratios for PVD (50%) and PVT (49%), with current foreign holdings at 8.49% and 13.42% respectively, leaving significant room for foreign investors.
The State Bank of Vietnam is seeking comments on a draft circular to amend safety regulations for the Vietnam Development Bank (VDB), aligning with the 2024 Law on Credit Institutions and improving governance standards.
The Ministry of Finance is considering a 6-month delay to July 2026 for new e-invoice regulations, with VietinBank and other entities requesting more time for system upgrades.
The first direct power purchase agreement (DPPA) via the national grid has been signed between Samsung Thai Nguyen and TTC Duc Hue 2 solar plant, marking a milestone for Vietnam's renewable energy integration and competitive electricity market.
Becamex Group proposes reducing state ownership from 95.44% to over 65% to meet public company shareholder structure requirements, planning a public share issuance in 2026-2030.
The State Bank of Vietnam proposed a 0.1% personal income tax on gold bar transfers to curb speculation, but the Ministry of Finance has not yet finalized the regulation, pending the establishment of a gold exchange platform.
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Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.