The Vietnam’s benchmark VN-Index dropped after two-day recovery. The measure of 344 stocks on the Ho Chi Minh City Stock Exchange slid 2.2 points, or 0.25 percent, to close at 887.44 points. Foreign investors also contributed to the VN-Index’s loss when continuing to net sell more than 5.7 million shares, worth VND115.6 billion.
The State Capital Investment Corporation (SCIC) yesterday announced it collected VND 7,4 trillion after auctioning 254,9 million shares of Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) on November 22.
The State Bank of Vietnam (SBV) will likely continue its tightened monetary policy in the remaining months of the year after its decision to strictly control lending to high risk sectors in the third quarter didn’t adversely affect the country’s economic growth, according to experts.