Investors at Saigon Securities Inc's trading floor in Hanoi (Photo: VNA)
Shares ended lower on the two stock exchanges on October 20 as banks and real estate companies led decliners.
On the HCM Stock Exchange, the benchmark VN-Index dropped 0.7 percent to close the session at 590.5 points, putting the brakes on the three-day rally. The Index increased 0.3 percent on the previous day.
"The VN-Index climbed from 550 points to almost 600 points in two months and it was due for a pullback," said Tran Van Quy, an analyst at FPT Securities Co. Quy predicted the Index would likely move sideways around 590 to 600 points in the coming sessions.
Banks and real estate companies, which have been leading the market higher, were the biggest decliners. Sacombank (STB) fell 3.4 percent while other banks like Vietinbank (CTG), Military Bank (MBB) and Vietcombank (VCB) decreased more than 1 percent.
Among real estate stocks, Tan Tao Investment Industry Corp (ITA), HCM City Infrastructure (CII), Kinh Bac City Development (KBC), Hoang Anh Gia Lai Co (HAG) and FLC Group (FLC) dropped between 2 percent and 3 percent.
FLC was the most active stock yesterday with 6.9 million shares, declining 2.8 percent to close at 7,000 VND a share.
Insurers were bright spots in the previous trading. Large insurance companies like Bao Viet Holdings (BVH), Bao Minh Insurance Corp (BMI), PVI Holdings (PVI), BIDV Insurance Corp (BIC) and Petrolimex Insurance Corp (PGI) jumped between 3 percent and 7 percent each.
The State Capital Investment Corporation (SCIC), the Government's investment arm, plans to sell its entire 51 percent stake in Bao Minh Insurance, which was worth almost 48 million USD on October 20.
Overall liquidity increased. The market volume rose 18 percent over the previous day to reach over 127 million shares while value of trades was almost 2.3 trillion VND (102.7 million USD), higher than September's average of over 94 million shares and 1.6 trillion VND (71.4 million USD).
On the smaller bourse in Hanoi, the HNX-Index slipped 0.5 percent to finish at 81 points with nearly 43 million shares worth 514 billion VND (23 million USD) being traded by the end of the session.-VNA
Vietnamese shares on October 13 declined slightly on both local exchanges after a three-day jump as global oil prices fell, dragging local energy stocks down.
Vietnamese shares on October 15 rose on both local exchanges as local energy-related companies reported higher sales and profits in the first three quarters of this year.
Vietnamese shares rose slightly on both local exchanges on October 16 as property stocks gained following reports that forecast the real estate market will receive more foreign investment.
Shares rose for a third day on October 19 after dairy producer Vinamilk said it will seek to sell its controlling government stake to foreign investors.
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.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
Investors at Saigon Securities Inc's trading floor in Hanoi (Photo: VNA)
