Tag: cost-effectiveness

Amid last week's swift recovery, the banking sector played a pivotal role in propelling the VN-Index back to the 1,700–1,800 point range. However, this upward momentum proved short-lived. A lack of sustained conviction is becoming evident, as 25 out of 27 banking stocks remain entrenched in either correction or bear market territory.

At the listing decision ceremony and the official stock trading debut on HOSE on the morning of December 11th, Mr. Vu Huu Dien, CEO of VPBank Securities JSC (VPBankS, HOSE: VPX), shared several noteworthy insights.

The free market USD rate continues its steep decline, moving further away from peak levels and significantly narrowing the gap with bank rates. This shift comes amid abundant foreign currency supply and the Federal Reserve's recent 25-basis-point interest rate cut.