A roundup of domestic and international financial news ahead of the 27/10 session. Securities firms rate CTD and TCB positively, with target prices of 87,500 dong and 41,800 dong per share, while VNDIRECT stopped updating PNJ after the P-Lab incident. Thu Duc Steel (TDS) ended its 10-year cooperation with Refico on a 6.3-hectare plot in Truong Tho ward. In the week of 19-23/10, the State Bank of Vietnam net-withdrew 9,869 billion dong, while China's stock market lost USD 3,500 billion in market value as earnings outlook weakened. KOS shares hit the daily floor for 26 consecutive sessions and lost nearly 85% of their value.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: 27/10: Đọc gì trước giờ giao dịch chứng khoán?
Read the original on Vietstock ↗
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State Bank of VietnambrokeragesChinaTCB
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Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/26/2026 | 1,763.55 |
| Change that session | -0.60% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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Techcombank's Board has issued a resolution to issue over 3.54 billion shares as a 50% stock dividend, where every 100 shares receive 50 new shares. The final record date is October 30, 2026, funded by undistributed retained earnings in the audited 2025 financial statements. Shareholders approved the plan with about 69.94% of votes in favor, and the State Bank of Vietnam approved a charter capital increase of up to VND 35,730.97 billion, including ESOP shares. After the dividend, the bank will offer nearly 29.97 million shares to employees at VND 10,000 each, with a one-year transfer restriction; completing both steps would bring charter capital to about VND 106,593 billion. In the first half of 2026, pre-tax profit reached VND 18,540 billion, up 22.5% year on year.
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Latest news
- From 26/11/2026, depositors at people's credit funds can look up their deposit information
The State Bank of Vietnam has issued Circular No. 55/2026/TT-NHNN, amending Circular No. 18/2025/TT-NHNN on collecting, exploiting, sharing and reporting information for the supervision system of people's credit funds and microfinance institutions. The key change is a new clause 4 in Article 8, which allows depositors at people's credit funds to look up information about their own deposits while keeping personal information confidential. If the lookup results do not match, customers must provide the information to the regional State Bank branch, which will verify and handle it under the law. The circular also clarifies the scope of information shared with the Co-operative Bank of Vietnam and Vietnam Deposit Insurance, and requires recipients to use the data only for its stated purpose. The circular was issued on 12/10/2026 and takes effect from 26/11/2026.
- Is the deposit rate cut just a 'pie in the sky'?
About 26 banks have announced cuts to their listed deposit rates since 18/10, yet a Tien Phong survey on 26/10 found that customers with large deposits were still offered rates well above the listed levels, which are commonly 5-6%/year. One state-owned bank advised 8%/year for a 6-month term while its counter table showed 3%/year, and another bank's app displayed 9.0%/year for 6 months against a listed 5.7%/year. On 21/10/2026, the State Bank of Vietnam asked banks to make genuine cuts to deposit and lending rates, with the average rate on new deposits of 6 months or longer to fall by at least 0.5%/year in the final months of the year. Rong Viet Securities (VDSC) expects deposit rates to fall quickly in the short term but finds deep cuts hard in 2027, since the gap between deposits and credit remains large, although it has narrowed from about 2.8 million billion VND to about 2.35 million billion VND.
- One bank's Q3 profit falls nearly 80%
As of 26 October, Q3 pre-tax profits of Saigonbank, KienlongBank, BAOVIET Bank and PGBank all declined year on year, with Saigonbank's falling nearly 80%. Saigonbank reported Q3 pre-tax profit of VND 17.8 billion and nine-month pre-tax profit of nearly VND 66 billion, down nearly 75%, mainly due to weaker services and foreign exchange trading and sharply higher operating costs. Its loans to customers stood at VND 21,754 billion as of 30/6/2026, slightly lower than at end-2025, while customer deposits fell to VND 25,171 billion. BAOVIET Bank's Q3 pre-tax profit fell 41% to VND 17 billion, KienlongBank's dropped 12.7% and PGBank's fell over 10%, although KienlongBank and PGBank still posted nine-month growth. Positive results in some business lines were not enough to offset the factors weighing on profits.
- US ready to strike Iran within 96 hours if President Trump gives the order
Sources say US forces in the Middle East are ready to launch new military operations against Iran, possibly on a large scale, within 96 hours of receiving orders from President Donald Trump. The operations could go well beyond earlier strikes that targeted radars, launchers and other Iranian assets that could be quickly restored. The target list reportedly includes energy infrastructure, military sites and nuclear facilities, and officials believe an order could come before year-end, most likely after the midterm elections. Intelligence assessments suggest Iran and the Houthis would likely retaliate against US personnel and facilities if Iran is attacked first. Israeli Prime Minister Benjamin Netanyahu has reportedly pushed for new strikes, but US officials have asked him to delay.
- Wave of interest rate cuts is gaining momentum
Many banks continue to cut deposit rates and launch preferential lending packages worth tens of thousands of billions of dong, in response to the State Bank of Vietnam's directive to lower interest rate levels. VPBank cut deposit rates by a further 0.4 percentage points for 6–13 month terms, and online deposits under VND 10 billion for 6–11 months now earn 6.6% per year. Sacombank launched a VND 20,000 billion package for individual customers, cutting lending rates by 1.5–2 percentage points, after a VND 40,000 billion corporate program. MSB, VIB and VPBank also have packages of VND 10,000–15,000 billion, with lending rate reductions of 1.5–2 percentage points depending on conditions. Under Official Dispatch No. 9736/NHNN-CSTT dated 21/10/2026, banks must cut average deposit rates for new transactions of 6 months or more by at least 0.5% per year, and non-compliant banks could face penalties, including reduced credit growth targets.
- Ripple wins final US approval for national trust bank
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