1. Financial market News

VN-Index edges down with liquidity at two-month low on July 2

The VN-Index dropped 0.13 percent to 842.38 points Thursday (July 2), with total trading volume at its lowest since early May. The benchmark VN-Index fell back into the red after surging 2.23 percent the previous session, which had ended a streak of six consecutive losses that had cost the index 46.17 points, or 5.3 percent. The Ho Chi Minh Stock Exchange (HoSE), on which the index is based, saw 210 stocks lose and 168 gain. Total trading volume fell nearly 20 percent over the previous session to VND3.78 trillion ($164.09 million), the lowest since May 5. This is in stark contrast with liquidity between the beginning of May until mid-June, which was a period of strong recovery for the VN-Index in tandem with Vietnam stopping community transmission of the Covid-19 virus.

Detailed information here.

2. Banking news

Vietnam spends over VND15 trillion on fight against Covid-19

Some VND15.4 trillion from the State budget has been spent on the battle against the coronavirus pandemic and to offer support for residents affected by the virus to date, Minister of Finance Dinh Tien Dung told a teleconference between the Government and localities on July 2.

Detailed information here.

3. International finance News

Huawei: UK government weighs up ban of Chinese firm's telecoms kit

The government has received a report into Huawei that is likely to change its policy over the Chinese firm's role in the UK's telecoms networks.

Detailed information here.