Bank stocks were bought up before 'rumors' of opening a cryptocurrency exchange?

Investors are waiting for the participation of some banks and businesses when Vietnam opens a digital asset and cryptocurrency exchange.

The Ministry of Finance is drafting a Government Resolution on piloting the issuance and trading of crypto assets, digital assets including cryptocurrencies, which is attracting the attention of many investors. According to the draft, organizations operating digital asset trading floors must have a minimum capital of VND 10,000 billion. Of which, at least 35% of the capital must be held by two or more organizations in the group of banks, securities companies, fund management, insurance or technology; the remaining 65% is owned by other organizations. In addition to the stock market maintaining a high growth momentum, investors are also "speculating" which banks and securities companies will participate to buy stocks to anticipate the new trend.

Some bank and securities stocks are being bought up when they can participate in digital asset and cryptocurrency exchanges.

PHOTO: NHAT THINH

Recently, at the Korea - Vietnam Economic Forum, the Military Commercial Joint Stock Bank (stock code MBB) signed a Memorandum of Understanding on technical cooperation with Dunamu - the operator of the Korean cryptocurrency platform Upbit. According to the agreement, Dunamu will support the bank in establishing a cryptocurrency exchange in Vietnam, as well as establishing legal frameworks related to virtual assets. Dunamu also said it will provide various technologies currently used in the Upbit cryptocurrency exchange along with experts in infrastructure construction and human resource management. This information is constantly shared by stock investors and many people are ready to jump in to buy MBB shares. As of the end of last week, MBB shares continued to rise, surpassing 28,000 VND and increasing nearly 23% compared to the beginning of April.

Another bank stock is also in the sights of investors when it comes to the story of digital asset trading, digital currency with TCB of Techcombank . Previously, at the 2025 Annual General Meeting of Shareholders, Mr. Ho Hung Anh, Chairman of the Board of Directors of Techcombank, also affirmed that participating in fields such as Blockchain, building digital asset trading floors is an inevitable trend in the digital transformation strategy of many financial institutions, including Techcombank. Therefore, TCB shares are also being noticed and have had many consecutive increasing sessions, reaching over 38,000 VND/share, an increase of more than 40% compared to the beginning of April.

Similarly, VPBank leaders also did not deny their intention to participate in this market and currently VPB shares are also actively traded on the stock exchange. VPB share price has reached nearly 32,000 VND, double the price of 3 months ago.

In addition to the banking group, SSI Securities Company's shares are also attracting attention as the company continuously holds seminars related to digital assets and cryptocurrencies. Some member companies of SSI such as SSI Fund Management Company Limited, SSI Digital Technology Joint Stock Company have recently signed cooperation agreements with two digital asset companies Tether, U2U Network and Amazon Web Services (AWS) to promote the construction of a digital financial infrastructure ecosystem, Blockchain and cloud computing in Vietnam... SSI shares are trading around 36,000 VND, up 60% compared to the beginning of April...

Source: https://thanhnien.vn/bank-stocks-duoc-gom-mua-truoc-don-doan-mo-san-giao-dich-tien-so-185250818101047207.htm