1. Financial market News

VN-Index slips after five gaining sessions

Vietnam’s benchmark VN-Index fell 0.47 percent to 1,250.57 points Thursday (6 May), ending a five-session gaining streak, with foreign investors’ net selling value the highest of the past 16 sessions. The index fluctuated in the morning and stayed in the red in the afternoon before closing nearly 6 points down. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 4.2 percent to VND20.31 trillion ($883 million). The session saw 148 tickers gain and 262 lose. The VN30 basket, comprising the index’s 30 largest capped stocks, saw 23 tickers in the red, led by POW of electricity firm Petrovietnam Power Corporation, down 3.1 percent. This was its biggest loss in the last six sessions.

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2. Banking news

Domestic capital market needs to develop further for higher demand

Vietnamese businesses now have better conditions to access capital than before because besides the commercial banking system, in the past 20 years, with the renovation process of the domestic economy, Vietnam has seen comprehensive development of its capital market with the growth of the stock market and the bond market.

Detailed information here.