Oil prices remain high
– Updated at 6 a.m. on April 21 (Vietnam time), the upward trend stalled after Iran considered joining negotiations with the U.S.
On the U.S. side, President Donald Trump on April 19 announced that U.S. officials would travel to Pakistan to begin negotiations. Vice President JD Vance is expected to continue leading this round of talks.
Brent crude oil is currently holding at $93.8 per barrel, while U.S. WTI crude is at $86.28. Both are down more than $2 per barrel compared to the same time yesterday morning.
– The U.S. Dollar Index (DXY) is in a corrective trend, slightly declining to 98.04 points. The weakening of the greenback creates favorable conditions, helping to support the rise of precious metals.
Gold rose nearly $30 this morning compared to the same time yesterday, reaching $4,830 per ounce, while silver returned to the $80 mark.
– Meanwhile, developments in the stock market were not very positive, with most major indices in the red at the close of April 20.
Accordingly, the S&P 500 fell 0.24%, closing at 7,109.17 points; the Nasdaq Composite dropped 0.26% to 24,404.39 points. The Dow Jones saw a very slight adjustment, down only 0.01%.
– Domestically, the stock market adjusted around the 1,800-point mark during the morning session, under pressure from Vingroup stocks amid low liquidity. In the afternoon session, improved buying demand helped the market recover positively, and liquidity also improved markedly.
At the close, the VN-Index rose 19.94 points (+1.10%) to 1,837.11 points, continuing toward the 1,850-point area. Meanwhile, the VN30 index gained 20.93 points (+1.05%) to 2,009.04 points, surpassing the psychological resistance level of 2,000 points, with significant leadership from banking stocks.
Sacombank unexpectedly withdraws restructuring extension proposal
– The Saigon Thuong Tin Commercial Joint Stock Bank – Sacombank (STB) is scheduled to hold its 2026 annual general meeting of shareholders tomorrow (April 22) at a hotel in Phu Tho.
Just before the meeting, Sacombank announced additional documents for shareholders to approve.
Accordingly, in the expected agenda, the proposal to extend the post-merger restructuring plan of Sacombank, as presented in the documents released at the end of March, is no longer included.
Initially, the proposal, signed by Mr. Duong Cong Minh – Chairman of Sacombank’s Board of Directors – had suggested extending the timeline to 2030 to allow more time to handle remaining assets and related issues.
The reason given was that the bank’s non-performing loan ratio remains high and requires continued implementation of comprehensive solutions according to the set roadmap. Extending the project implementation period is necessary to achieve the goals in a substantial and sustainable manner.
Alongside this, Sacombank added a proposal to adjust the remedial plan in case the bank falls under early intervention.
Additionally, the bank added a separate proposal regarding changing the bank’s name. This is a standalone proposal, no longer part of another document. Accordingly, the proposed new name is Saigon Tai Loc Commercial Joint Stock Bank, while the abbreviation remains SACOMBANK.
VN-Index forecast
The short-term trend of the VN-Index shows a positive recovery at the psychological support level of 1,800 points, thereby maintaining an upward trend toward the area around 1,850 points. According to SHS, this is an important resistance zone, corresponding to the trendline connecting the highest peaks in January and February 2026.
There is currently no clear basis to predict whether the index can break through this resistance zone, although in a positive scenario, the VN-
