The VN-Index dropped 2% on Monday due to investors becoming concerned about the latest outbreak of COVID-19 in Vietnam. Moreover, trading turnover on HOSE fell to USD592.5mn — well below the one-month average of USD743.0mn. VHM (-5.6%) was the leading contributor to the day’s loss. In addition, fellow Vingroup subsidiary VRE (-6.4%) has plunged nearly 21% over the last five trading sessions. Numerous banking tickers were down, including VCB (-2.0%), MBB (-6.2%) and BID (-2.0%).