During operation period 1988-2019, with a total contribution to the national budget of nearly VND 37,000 billion and more than VND 7,000 billion for charity and social security, VietinBank has been in the Top 10 Enterprises for many consecutive years, establishing a deep impression in the community. Volatility of stock price in commercial banks (Vietinbank, etc.) in developing countries such as Vietnam will reflect the business health of bank system and the whole economy. Good business management requires us to consider the impacts of multi macro factors on stock price, and it contributes to promoting business plan and economic policies for economic growth and stabilizing macroeconomic factors. By data collection method through statistics, analysis, synthesis, comparison, quantitative analysis to generate qualitative comments and discussion; using econometric method to perform regression equation and evaluate quantitative results, the article analyzed and evaluated the impacts of six (6) macroeconomic factors on stock price of a joint stock commercial bank, Vietinbank (CTG) in Vietnam in the period of 2014-2019, both positive and negative sides. The results of quantitative research, in a seven factor model, show that the increase in GDP growth and lending rate and risk free rate has a significant effect on increasing CTG stock price with the highest impact coefficient, the second is decreasing the exchange rate. This research finding and recommended policy also can be used as reference in policy for commercial bank system in many developing countries.
Volume 12 | Issue 7
Pages: 662-673
DOI: 10.5373/JARDCS/V12I7/20202049