Vietnam’s benchmark VN Index edged down 0.21 per cent at the break on Wednesday, but the losses were limited on gains in the shares of banks ahead of a restructuring in the sector this year.
Ho Chi Minh City-based Sacombank rose 4.04 per cent, while VietinBank, the country’s biggest partly-private lender in terms of assets, advanced 0.53 per cent and Vietcombank gained 0.27 per cent.
Investors have been keeping an eye on banks’ upcoming annual meetings, during which up to eight mergers and acquisitions could be finalised in line with a central bank policy for banking sector reform in 2015, traders said.