1. Financial market News

Gains narrow on VN-Index’s sixth straight session in green

The VN-Index edged up 0.06 percent to 943.3 points Friday, with gains in blue chips offsetting losses on the general market. Although gains have slowed down from 1.11 percent on Wednesday and 0.27 percent on Thursday, total trading volume on the Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, was still at its highest levels this year, reaching VND9.28 trillion ($400 million).Despite the VN-Index having closed up, the HoSE itself was predominantly red, with 235 stocks losing and 170 gaining. The VN-Index had in fact fallen into the red in the morning session, but buy orders on the VN30 basket of the market’s 30 largest caps pulled the market back into the green in the afternoon. The VN30-Index this session added 0.27 percent, with 13 stocks gaining and 16 losing.

Detailed information here.

2. Banking news

Is the banking system healthy?

The government has submitted a report to the National Assembly (NA) about the implementation of the NA’s Resolution on topical supervision and question and answer activities in the 14th term and some resolutions in the NA’s 13th term related to the banking industry.

Detailed information here.

3. International finance News

US ECONOMY

‘No doubt’ that crucial U.S. fiscal stimulus is coming, IMF managing director says

Kristalina Georgieva, the managing director of the International Monetary Fund, told CNBC Thursday that she has “no doubt” the U.S. will implement a new economic stimulus package that will help reduce the current uncertainties for the global economy.

Detailed information here.