Bank stocks are being 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 banking, securities, fund management, insurance or technology groups; 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 in buying shares 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 continuously 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 VND 28,000 and increasing by 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 and cryptocurrency trading with Techcombank 's TCB. 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 and 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 increases, reaching over VND 38,000/share, an increase of more than 40% compared to the beginning of April.

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

In addition to the banking group, SSI Securities Corporation's shares are also receiving attention as the company continuously holds seminars related to digital assets and cryptocurrencies. Some of SSI's member companies such as SSI Fund Management Company Limited and 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-are-buying-before-the-opening-of-business-stock-185250818101047207.htm