Vietnamese shares declined on April 13 as the market reversed quickly at the end of the trading session, dragged down by blue chips in banking and energy.
Vietnamese shares decline on April 13 as the market reversed quickly at the end of the trading session. (Photo: VNA)
Hanoi (VNA) -Vietnamese shares declined on April 13 as the market reversed quickly at theend of the trading session, dragged down by blue chips in banking and energy.
The benchmark VN Index on HCM Stock Exchange dropped 1.35 percent to close at1,157.14 points. It had risen 0.51 percent on April 12.
The HNX Index on the Hanoi Stock Exchange fell 1.69 percent to end at 133.34points, extending its downtrend from the previous 1.13 percent decline.
More than 246 million shares, worth 8.1 trillion VND (359 million USD), weretraded on the two local exchanges.
Declining stocks dominated the two bourses, outnumbering gainers by 286 to 192,showing investor confidence was quite low.
Large-cap stocks underperformed as the VN30 Index lost 0.81 percent to reach1.134,21 points, with 21 declining stocks against nine gainers among the 30largest stocks by market capitalisation.
Across the stock market, banking, securities, mining, retail and insurance werethe worst-performing industries.
Their indices declined between 0.4 percent and 4.1 percent, according tovietstock.vn.
The UPCOM Index on the🌳 Unlisted Public Company Market (UPCoM) lost 0.59 toclose at 59.32 points, totaling a five-day decline of 2.17 percent.-VNA
The VN-Index on the Ho Chi Minh Stock Exchange (HOSE) continued the upward trend on April 6 when it gained nearly 7 points to move closer to the 1,200 point benchmark.
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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.
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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.
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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.
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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.
Vietnamese shares decline on April 13 as the market reversed quickly at the end of the trading session.
