HANOI: Vietnam’s benchmark VN Index eased 0.09 percent by midday on Wednesday from its highest close in more than five weeks hit in the previous session, with banking stocks moving mixed after the central bank pledged intervention.
Three of the six listed lenders gained, led by BIDV and Vietcombank, Vietnam’s biggest listed bank by market value, while two banks were unchanged and Ho Chi Minh city-based Sacombank lost ground.
Vietnam’s central bank stands ready to help stabilise the dollar/dong exchange rate and will keep the 2-percent band movement for the rest of the year, a deputy governor said.
