Hanoi (VNA) - A large grouꦗp of blue chip stocks declined on November 10, registering ꩲa 0.59 percent loss across large-cap shares and pulling the local market down.
On the HCM Stock Exchange, the benchmark VN-Index lost 0.88 percent to close at 605.27 points. On the Hanoi Stock exchange, the HNX-Index decreased 0.75 percent to 80.84 points.
The overall market condition was negative with 137 stocks advancing and 223 stocks declining. Stocks in 18 of a total 20 industries saw losses. Slight gains buoyed food&drink and household shares.
Large-cap shares were the biggest decliners and included giants like: PetroVietnam Gas Corporation (GAS) down 2.13 percent; JSC Bank For Investment and Development Of Vietnam down1.27 percent; Bank for Foreign Trade of Vietnam (VCB) down 1.63; and Vingroup Joint Stock Company (VIC) down 1.33 percent.
According to the daily Sai Gon Hanoi Securities Company report, VNIndex declined over the last three sessions under pressure to sell blue chip stocks due to investor wariness.
The report attributed the increased caution and selling activity to high levels of trading on margin and pressures in the forex market.
The report predicted that local shares would continue to decline as the possibility of a Fed rate hike in December continues to dampen investor mood.
Amid the general declines, a few companies performed well. Vinamilk, Vietnam's largest dairy producer as well as the biggest stock by market capitalisation, gained 0.79 percent to reach 128,000 VND (5.7 USD) on November 10.
A few automobile companies saw gains. Truong Long Auto & Technology Joint Stock Company gained 6.72 on November 9 and 6.99 percent on November 10 to close at 153,000 VND (6.8 USD).-VNA
Shares rebounded on November 3 after dairy producer Vinamilk jumped amid reports that a Singapore food and drinks firm offered to buy a 45 percent stake in it.
Shares rebounded on November 5 after Vinamilk surged amid investor expectation that the Government will soon issue details about its divestment of State capital from this company.
Vietnamese shares extended losses for a second session on both local exchanges on November 9 as local energy stocks fell amid declining global oil prices.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
Investors track stock fluctuations (Photo: VNA)
