An investor watches share movements in the floor of Vietcombank Securities Co. (Photo: VNA)
Hanoi (VNA) – Vietnamese shares fell on both local exchanges on March 15 as energy stocks weighed on the 🔥markets and as oil prices continued to fal🔯l.
The benchmark VN Index on the HCM Stock Exchange retreated 0.7 percent to close at 574.04 points, ending a rally of 1.1 percent over the previous three sessions.
The HNX Index on the Hanoi Stock Exchange dropped 0.5 percent to finish at 79.63 points, extending its decline of 0.5 percent for a second day.
Local energy stocks declined as oil slid for a second day after Iran appeared unlikely to join a coalition led by Russia and Saudi Arabia on a production freeze to bolster prices until the country restores its pre-sanction oil output level.
US benchmark crude West Texas Intermediate (WTI) on March 15 lost 2.7 percent to trade at 36.18 USD a barrel, and London-traded Brent crude declined by 2.8 percent to trade at 38.43 USD a barrel.
WTI has fallen 6 percent in the last two days and Brent crude has slipped 4.9 percent during that period.
Local energy stocks recorded heavy falls during March 15 session. Among the biggest declines, PetroVietnam Gas Corporation (GAS) slumped 3.6 percent, PetroVietnam Drilling and Well Service Corporation (PVD) slid 4.9 percent, and PetroVietnam Mud Drilling Corporation (PVC) dropped 3.9 percent.
Energy stocks will likely continue to drag the markets down tomorrow unless there is positive information that brings oil prices up again, which is unlikely to happen, Saigon-Hanoi Securities Corporation (SHS) wrote in its daily report.
Meanwhile, low investor confidence helped push financial stocks into negative territory as investors waited for the US central bank's meeting this week, which is expected to keep interest rates unchanged and provide a clear schedule for rate hikes in the future.
Among financial stocks, Bao Minh Insurance Corporation (BMI) lost 2.4 percent, BIDV Insurance Corporation (BIC) fell 2.5 percent, the Bank for Investment and Development of Vietnam (BID) slid 1.2 percent, Sacombank (STB) dropped 1.9 percent, and HCM City Securities Corporation (HCM) lost 1.6 percent.
The property sector declined on forecasts that the revised Circular 36, which aims to reduce the limited loans a bank can make, will create negative effects for property developers.
The property sector was led down by FLC Group (FLC), Vingroup JSC (VIC), Sao Mai Group Corporation (ASM), and Phat Dat Real Estate Development JSC (PDR), which fell 1.5 percent, 0.9 percent, 1.1 percent and 0.8 percent, respectively.
Local markets combined traded nearly 226.4 million shares worth 3.2 trillion VND (143 million USD), a decrease of 45 percent from March 14's trading value.-VNA
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.
An investor watches share movements in the floor of Vietcombank Securities Co. (Photo: VNA)
