Vietnam Insight

Global stocks fell after the Fed chair's testify. The Dow Jones closed 574 points or 1.7% lower on Tuesday, while the S&P 500 and Nasdaq 100 shed 1.5% and 1.2%, respectively, after Powell's hawkish remarks fueled fears of a larger rate hike. Meanwhile, the yield on the US 2-year Treasury note topped 5%, a level not seen since 2007. The market movement came in tandem with an uptick in Treasury yields and a stronger dollar, enough to spook investors away from tech and other high-growth stocks.

Domestic stocks are green but divergent. Many banks have reduced deposit interest rates, in which the Big 4 state-owned banks also joined. The average export price of rice in the first two months of 2023 was estimated at 528.5 USD/ton, up 9.8% over the same period in 2022.

• Domestic and international news
• News of Vietinbank's annual meeting with investors #CTG
• Update business situation #NT2 #TLG
• Technical view and recommendations #BSR