1- Market information.

On October 12, the US Bureau of Labor Statistics announced that the US consumer price index (CPI) in September increased by 3.7% over the same period, due to rising rent and gasoline prices. The newly released data has reinforced market expectations that the US Federal Reserve (Fed) will not raise interest rates next month.

According to Nikkei, President Biden’s recent visit could stimulate a wave of US investment in Vietnam, an opportunity to form a fourth wave of FDI. Currently, Vietnam wants to shift from traditional labor-intensive industries such as textiles and garments and electronics assembly to high-tech, high-value-added industries. Cooperation with American technology companies, especially companies with positions in the field of semiconductors and AI, will be very important in transforming the country’s industrial structure.

According to the latest data announced by the State Bank, the average VND interbank interest rate for overnight term on October 10 session is only 0.66%/year. Through 15 sessions, the State Bank net withdrew VND 165,695 billion through 28-day bills. The winning interest rate on T-bills decreased from the highest level of 1.3%/year to 0.68%/year in the most recent session.

2- Gold market

Last week, world gold prices increased sharply again because money flowed to safe haven assets after developments in the Middle East became more tense. Closing the weekend trading session at 1,932.5 USD/ounce (up 5.4%). Domestically, SJC gold price fluctuated in the same direction, increasing from 900,000 – 1.35 million VND/tael. Specifically, DOJI Group is listing the buying and selling price of SJC gold at 69.75 – 70.65 million VND/tael.

3- Stock fund certificates

The main indexes simultaneously increased in the last session of the week. At the end of the session, VN-Index increased 26.19 points, to 1,154.73 points. Open-ended stock funds still maintain performance compared to the market, the risk level of the portfolio is always maintained lower than the general market. In there, VESAF stock fund certificates are having the best performance since the beginning of 2023 up to now at 35.8%.

4- Bond fund certificates
In the past week, bond funds have maintained a stable profit level with a positive rate of return of over 5%. Among them, DFVN-FIX bond fund certificates are having the best performance level from the beginning of 2023 until now is 8.31%.