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Day: January 18, 2024
VN-Index closes up, foreign traders net-buy US$2.5 million, January 18
The VN-Index has closed up 6.53 points or .56 percent to close-out Thursday at 1,169.06 points. Foreign traders continued to buy back into the market today to the tune of US$2.5 million. Trading history, foreign investors, last five trading days Buy Sell Change Date VND* US$ VND* US$ VND* US$
Other 3 of big 4 banks follow Vietcombank lead, lower deposit interest rates
Whereas Vietcombank announced it would be lowering deposit interest rates earlier this week, the other three of Vietnam’s big four banks have now lowered theirs too, Tuoi Tre is reporting. Interest rates on deposits are now hovering around 2 percent. This may indicated that the massive growth in credit issued
Why foreign investors are exiting the Vietnam stock exchange
Despite the VN-Index finishing 2023 up 12.2 percent last year, foreign traders exited the market to the turn of over US$1 billion–more than US$408 million in December alone. Vietnam News is carrying ‘expert’ analysis of this phenomena but the article contains only two key observations: EU and US markets are