VPBank (VPB) reduced deposit interest rates by 0.3%-0.5% for 6-36 month terms online, following a State Bank of Vietnam directive that prompted 30 domestic commercial banks to cut rates by 0.05% to 1% annually. This coordinated easing aims to lower funding costs and support credit growth, with state-owned BIDV implementing the deepest cuts of 0.8%-0.9%.
Foreign investors were net sellers of approximately 421 billion VND (~$16.84 million) on the session, with proprietary trading by securities companies also showing significant net selling in specific stocks like FUEVFVND and HPG.
The Vietnamese banking system faces a fundamental liquidity shortage, with deposit rates remaining high despite recent cuts of 0.1-0.5% by 30 banks since April 10. The State Bank of Vietnam has pressured 46 banks to lower rates, but system-wide loan-to-deposit ratios have risen from 95% in 2021 to 112% currently, indicating ongoing funding pressure that could impact net interest margins.
The State Bank of Vietnam (SBV) net withdrew VND 71,563 billion from the banking system via open market operations (OMO) in the week of April 13-17, 2026, while 30 commercial banks including VPBank (VPB) cut deposit rates by 0.1-0.5 percentage points. This coordinated action, following an SBV meeting, signals a deliberate easing of funding costs and system liquidity, potentially supporting bank net interest margins as pressure from the USD/VND exchange rate subsides.
Vingroup (VIC) has approved a plan to issue a $350M, 5-year international bond to be listed on the Vienna Stock Exchange, following a successful $325M issuance in late 2025. This move coincides with capital-raising plans by HDBank ($300M green bond), VPBank (foreign private placement), and VIB ($1B foreign capital plan), reflecting a sector-wide pivot to international markets as borrowing costs decline.
Six Vietnamese banks have announced plans to pay cash dividends for 2025, with a total estimated payout of nearly 34,000 billion VND (~$1.35 billion USD), led by LPBank's proposed 30% cash dividend.
The VN-Index rose to 1,800 points, driven by strong gains in Vingroup-related stocks (VIC, VHM, VRE, VPL), while the broader market saw more declining stocks than gainers, with pressure in banking, real estate, energy, and steel sectors.
The State Bank of Vietnam reports over 20 commercial banks, including ACB, have cut deposit rates by 0.1-0.5% p.a. following a directive meeting on April 9, 2026.
Over 20 Vietnamese commercial banks, led by major state-owned and private institutions, have simultaneously reduced deposit rates by up to 0.5% per annum, following a directive from the State Bank of Vietnam (SBV) on April 9. This coordinated move is expected to pave the way for a broader reduction in lending rates, with early movers like Agribank and Nam A Bank already cutting loan rates by 0.5-3.0% to support economic recovery.
Foreign investors ended a three-day buying streak with net selling at FPT (-92B VND) but bought VNM (+79B VND), while self-trading sold heavily at VHM/VIB but bought KBC.
Technical analysis report for the afternoon session of April 13 describes a tug-of-war in VN-Index after testing key moving averages, with specific bullish technical signals noted for stocks CII and VIB.
On April 10th, foreign investors net bought nearly 940 billion VND, with TCB and HPG as top buys, while proprietary traders net bought almost 400 billion VND, focusing on MWG, HPG, and MBB. This combined institutional net buying indicates a positive sentiment for the day's trading.
PYN Elite Fund reported a 9.6% loss in March, its worst performance since early 2024, attributed to a broad market sell-off and underperformance of key holdings like FPT, YEG, and HVN. Despite this, the fund highlighted positive macroeconomic data and optimistic profit targets for some portfolio companies, including MWG as a key pick.
This pre-market briefing compiles several positive company updates, including strong Q1 results for Dien May Xanh (MWG), positive AGM news for BMP, MBS, PJT, VIB, and a high profit target for VPBankS. Key policy news includes the appointment of a new State Bank of Vietnam Governor and an increase in the social housing income ceiling.
Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.