Hanoi (VNA) - Vietna𒀰mese shares on Decemb🐻er 10 extended losses for a second day on both local bourses, led by insurance firms pulling back after recent big gains.
The benchmark VN Index on the HCM Stock Exchange fell 0.7 percent to close at 561.04 points. The southern index has fallen 2.3 percent since December 8.
The HNX Index on the Hanoi Stock Exchange dropped 0.9 percent to end at 78.89 points. The northern index has declined by 1.6 percent in the last two days.
The insurance sector index lost 2.3 percent as insurers gave back some of their recent big gains.
Insurer Bao Viet Holdings (BVH), the biggest stock in the industry, fell 2.9 percent after rising 8.3 percent in the previous two days.
Two other insurance stocks, Petrolimex Insurance Corporation (PGI) and PVI Holdings (PVI) lost 2.2 percent and 2 percent, respectively. PGI had jumped 5.1 percent in the previous four days and PVI had surged 8.8 percent in the previous six days.
Local energy stocks also fell after global oil prices dropped to near a seven-year low.
The US benchmark crude West Texas Intermediate (WTI) on December 9 fell by 0.9 percent to trade at 37.16 USD a barrel, after having earlier this week drop to a seven-year low as the Organisation of Petroleum Exporting Countries (OPEC) last week decided not to cut production quotas to bolster prices.
As a result, PetroVietnam Gas Corporation (GAS) was down 1.6 percent and has dropped 5.5 percent since December 4 while PetroVietnam Drilling & Well Services Corporation (PVD) fell 1.7 percent and has declined 7.8 percent in four days.
Other large cap stocks such as the Bank for Investment and Development of Vietnam (BIDV) and Vingroup JSC also fell and pulled the market down further. BIDV (BID) lost 1.5 percent and Vingroup (VIC) was down 1.2 percent on December 10.
Both local bourses exchanged more than 155 million shares worth 2.4 trillion VND (106 million USD), a decrease of 5.8 percent from December 10.-VNA
Vietnamese shares rose on both local bourses on December 8, led by the financial sector after it was announced that a large amount of bad loans were sold to the Vietnam Asset Management Corporation.
Vietnamese shares on December 9 pulled back on both local bourses after previous day’s rally amid investor concern that an overvalued dong will undermine the country's export competitiveness.
About 20 companies are projected to launch initial public offerings (IPOs) on domestic exchanges this month with a total estimated value of more than 4 trillion VND (178.6 million USD).
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.
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.
Illustrative photo. (Source: VNA)
