News · CafeF

Prime Minister Lê Minh Hưng: State Bank of Vietnam directs banks to uniformly cut lending rates by 1.5-2% for production and business and priority sectors

At the opening of the 2nd session of the 16th National Assembly on the morning of October 17, Prime Minister Lê Minh Hưng presented the results of the 2026 socio-economic plan and the proposed 2027 plan. GDP grew 9.95% in Q3 and 9.01% in the first nine months, while industry and construction rose 11.21% over nine months, the highest since 2015. Exports and imports grew 30.4% in nine months, with the full-year figure estimated at 1,110 billion USD, and registered FDI reached 50.36 billion USD, up 76.4%. The State Bank of Vietnam directed credit institutions to cut lending rates by 1.5-2% for production and business and priority sectors, while average CPI over nine months rose only 4.52%. The article also notes that Moody's raised Vietnam's outlook from “Stable” to “Positive”.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Thủ tướng Lê Minh Hưng: NHNN chỉ đạo các ngân hàng thống nhất giảm lãi suất cho vay từ 1,5-2% đối với sản xuất kinh doanh và các lĩnh vực ưu tiên

Read the original on CafeF ↗

Related tickers and likely impact

VNINDEX

▲ Likely positive

Relevance: high

MarketVietnam stocks
Close on 10/16/20261,705.91
Change that session+0.45%
VNINDEX price, forecasts and signals →

ACB

▲ Likely positive

Asia Commercial Bank

Relevance: medium

MarketVietnam stocks
ExchangeHOSE
SectorBanks
Market cap119,571 bn VND
P/E7.6
P/B1.20
Close on 10/16/202620.60
Change that session0.00%
ACB price, forecasts and signals →

BID

▲ Likely positive

BIDV

Relevance: medium

MarketVietnam stocks
ExchangeHOSE
SectorBanks
Market cap264,071 bn VND
P/E8.2
P/B1.39
Close on 10/16/202633.95
Change that session+2.26%
BID price, forecasts and signals →

CTG

▲ Likely positive

VietinBank

Relevance: medium

MarketVietnam stocks
ExchangeHOSE
SectorBanks
Market cap237,669 bn VND
P/E5.9
P/B1.22
Close on 10/16/202630.60
Change that session+2.68%
CTG price, forecasts and signals →

HDB

▲ Likely positive

HDBank

Relevance: medium

MarketVietnam stocks
ExchangeHOSE
SectorBanks
Market cap148,356 bn VND
P/E7.8
P/B1.73
Close on 10/16/202622.80
Change that session0.00%
HDB price, forecasts and signals →

MBB

▲ Likely positive

MBBank

Relevance: medium

MarketVietnam stocks
ExchangeHOSE
SectorBanks
Market cap199,865 bn VND
P/E6.6
P/B1.27
Close on 10/16/202619.85
Change that session-0.25%
MBB price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • China central bank says will introduce a number of policy measures - Xinhua

    Pan Gongsheng, governor of the People's Bank of China, said the central bank will work with other financial authorities to introduce several policy measures. These include a liquidity support facility for large-scale redemptions by non-bank institutions, expanding institutions eligible for the Standing Lending Facility, and promoting connectivity between the interbank and exchange bond markets. Other measures include pilot programs for foreign financial institutions' RMB business in the onshore foreign exchange market and guidelines on financial support for international science and technology innovation centers in Beijing, Shanghai and the Greater Bay Area. He spoke at the opening of the Financial Street Forum 2026 in Beijing, running from Oct. 19 to 22.

    english.news.cn·▲ AUD/USD▲ VNINDEXcentral bankChinayuan
  • Liquidity Plunges as Money Exits Retail, Oil & Gas and Securities StocksVietstock·▼ VNINDEX▼ BSR▼ FRT▼ HCMVNINDEXliquiditycapital flows
  • Derivatives market on 20/10/2026: Not yet optimisticVietstock·▼ VNINDEXVNINDEXderivativesVietnam
  • Another interest rate hike may be ahead as Fed battles inflationabc15.com·▲ DXY▼ QQQ▼ SPY▼ XAU/USDFedinterest ratesinflation
  • China economy picks up as export boom outpaces consumer spending

    China's economy grew 4.5% in the third quarter, beating forecasts and recovering from a three-year low as strong exports offset cautious consumer spending. Analysts warn that growing reliance on external demand is deepening structural imbalances. Retail sales rose 1.1% in September, but the property market remains in a prolonged downturn and fixed-asset investment fell 7.2% in January–September. Beijing has added support measures including lower-cost financing for infrastructure and technology, modest mortgage subsidies and extra funding for local governments, though economists note the support remains focused on the supply side. Exports have surged by more than a third, and industrial output rose 5.5% in September.

    news.az·▲ VNINDEXChinaexportsGDP growth
  • Sensex sinks 876 points , Nifty falls 1 . 11 % as Crude oil nears USD 109

    Indian stock markets closed sharply lower, with the Nifty 50 down 257.20 points (1.11%) at 22,888.95 and the BSE Sensex down 876.37 points (1.17%) at 73,852.90. Selling was widespread as weakness in private banks, earnings below expectations and rising crude prices weighed on sentiment, with Axis Bank falling more than 4%. The Nifty PSU Bank index was the only major sectoral index to end higher, rising 2.41%. Brent crude traded at USD 108.50 per barrel, while the rupee firmed for a seventh straight session near 94.95 per dollar even as RBI reserves fell USD 8.6 billion to USD 726 billion in the week to October 9.

    zimbabwestar.com·▲ PVD▲ PVT▼ VNINDEXIndiaoil pricesexchange rates

Related markets

Vietnam stocks →

Latest news

  • Saudi Arabia postpones big investor conference to 2027 as Iran-backed Houthis escalate attacks on kingdom

    Saudi Arabia has postponed its major annual investor conference until 2027 as Iran-backed Houthi militants escalate missile and drone attacks on the kingdom. The Future Investment Initiative had been scheduled for Riyadh from October 26 to 29. The decision follows a Houthi attack on King Khalid International Airport in Riyadh on October 10, which left at least 12 people dead and more than 300 injured. Organizers said in an email that new dates will be announced soon.

    CNBC·▲ XAU/USDSaudi ArabiaHouthigeopolitics
  • Russia fires mysterious weapon at Kyiv, shockwaves spread; President Putin appears in rare image, drawing global attention

    On the night of 18 Oct, Russia launched a coordinated strike on multiple Ukrainian targets using ballistic missiles, cruise missiles and Geran UAVs, focused on Kyiv. According to TST, around 10 ballistic missiles of the Iskander-M, S-400 or KN-23 types may have been used in the first wave; an above-ground metro station on Kyiv's left bank was reported damaged, disrupting rail and metro services, and videos of blue flashes led observers to suspect a new weapon. In western Ukraine, a 330 kV transformer station near Kovel may have been targeted. Meanwhile, Putin, who rarely appears in military uniform, visited a command post and stressed establishing a “security zone” along the border; blogger Yuri Podolyaka argued Moscow no longer treats these areas as bargaining chips. Front-line correspondent Alexander Kots said the part of Donetsk still controlled by Ukraine is just over 2,700 km².

    CafeF·▲ XAU/USDUkraineRussiageopolitics
  • Semiconductor Sell-Off: 5 Stocks to Buy on the Dip

    The article attributes the semiconductor selloff to investor doubts about the durability of AI infrastructure spending, even as cloud companies report strong demand for AI chips. It highlights five stocks: Nvidia (forward P/E just above 13.5 on fiscal 2028 estimates), Broadcom (custom AI chips, with that revenue expected to quadruple to $230 billion over two years; forward P/E of 11), AMD (riding inference and agentic AI demand), Cerebras Systems (high risk-reward; the company claims 30 times the inference speed of GPUs) and TSMC (forward P/E of 18 on 2027 estimates).

    Yahoo Finance·▼ NVDAsemiconductorsAI investmentNVDA
  • Tom Lee’s Bitmine Adds $30 Million in Ethereum as Buying Nears Its Finish Line

    Bitmine bought another 12,535 ETH (about $30 million), lifting its holdings to 6,041,481 ETH, or 4.9% of supply and 99% of its 5% target. Chairman Tom Lee blamed the crypto selloff on a broad risk-off shift, including AI funding and safety worries, U.S.-Iran tensions, midterm jitters and rising bond yields, and called the dip a historically attractive risk-reward entry. Total holdings reached $15.1 billion as of Oct. 18, including 215 Bitcoin, $582 million in cash and marketable securities, and other investments. About 84% of its ETH (5,067,309 tokens) is staked via its MAVAN platform, with projected annualized revenue of roughly $309 million. The position is currently underwater on paper because much of it was bought at higher prices.

    Decrypt·▲ ETH/USDTcryptoETHUSDTBitmine
  • Opinion: The Most Important Number in Taiwan Semiconductor's Earnings Report Was 68%

    The author argues the most important figure in TSMC's Q3 report is 68%, the share of revenue from high-performance computing (HPC), which grew 22% from the prior quarter. Revenue reached $46.72 billion, up 41.2% year over year, net income rose 68.7%, and gross margin hit 66.4%. Processes at 7nm and below made up 79% of wafer revenue, with 3nm at 33% and 2nm at 8%. TSMC guided Q4 revenue to $52.3–54.3 billion and expects roughly 44% full-year growth in U.S. dollars. The author remains bullish, saying ongoing demand for advanced AI chips should keep profits rising.

    Yahoo Finance·• NVDATSMCsemiconductorsearnings
  • Why Meta's Q3 earnings could be a little hard to interpret

    Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.

    Yahoo Finance·• METAearningsMETAartificial intelligence

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.