Hanoi Stock Exchange staff check auction results (Photo: VNA)
Hanoi (VNA) - Shares managed a slight rise on the HCM Stock Exchange but declined on the Hanoi market under in🐓creased selling pressure from profit-taking traders.
The VN-Index, a measure of 312 stocks on the HCM City’s bourse, inched up 0.2 percent to close the October 4 session at 684.2 points. The benchmark index was down 0.8 percent in the last two trades.
On the Hanoi Stock Exchange, the HNX-Index which tracks 378 stocks maintained a solid rally until the mid-afternoon session as investors increased selling to take profits. It closed down 0.3 percent at 85.1 points. The index rose 0.4 percent on the previous day.
Slumps of steel shares weighed on the market as most of these companies lost value on October 4.
Three biggest listed steel making companies including Hoa Phat Group (HPG), Hoa Sen Group (HPG) and Pomina Steel Corp (POM) decreased between 1 percent and 3 percent. Smaller companies such as Nam Kim Steel (NKG) and Dai Thien Loc Corp (DTL) were down 4 percent and 0.8 percent, respectively.
According to analysts, investor sentiment seemed to be affected by the information that the US steelmakers have requested the Department of Commerce to check whether China is evading tax by processing some products in Vietnam.
Besides steel shares, many heavyweight stocks such as Sacombank (STB), Military Bank (MBB), Masan Group (MSN) and Mobile World Group (MWG) also tumbled, keeping the market in check.
Only a few large-cap stocks rose slightly, including lender BIDV (BID), insurer Bao Viet Holdings (BVH) and real estate developer VinGroup (VIC), which cushioned the market.
Overall market condition was negative as the number of losing shares outnumbered that of gainers by 299-154. Another 237 stocks closed unchanged.
Liquidity continued to improve with a total of 166.4 million shares worth 3.6 trillion VND (161.4 million USD) traded in the two markets by the end of the afternoon trade, up 37.5 percent in volume and 33.3 percent in value over the October 4 session’s figures.
Foreign investors continued their net sells on the two exchanges yesterday, offloading shares worth total net sell value of 84 billion VND, down 45 percent from the previous session’s level.-VNA
More and more investors from the Republic of Korea (RoK) have been pouring money into the stock market of Vietnam, which sees a relatively high growth rate.
Shares on September 30 fell after a nine-day rally, driven by profit-taking, while oil and gas firms suffered losses as crude prices pulled from a one-month high and after a two-day gain.
Prime Minister Nguyen Xuan Phuc has emphasised the need to publicly choose qualified consultant firms in order to prevent state capital losses caused by wrong stake valuations.
Shares sunk for a second day on the HCM Stock Exchange on October 3 under heavy profit-taking selling pressure while investors became cautious ahead of the release of the third-quarter earnings of com
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
Hanoi Stock Exchange staff check auction results (Photo: VNA)
