Vietnamese shares rose higher on July 4 as investor confidence was bolstered by higher oil prices and expectations for better corporate earnings in the past three months.
Hanoi (VNA) – Vietnamese shares rose higher on July 4 as investor confiden♏ce was bolstered by higher oil prices and expectations for better corporate earnings in the past three months.
The benchmark VN Index on the HCM Stock Exchange advanced 1.2 percent to finish at 647.96 points, reaching a new eight-year high. The southern market index has jumped 4.4 percent in the last six sessions.
The HNX Index on the Hanoi Stock Exchange went up 0.8 percent to close at 85.81 points, totaling a two-day gain of 1.3 percent. The northern market index has increased by 2.7 percent in five trading days.
The energy sector was lifted as crude prices rose for a second day on global exchanges. London-traded Brent crude edged up 0.5 percent to trade at 50.62 USD a barrel, making a two-day gain of 1.9 percent.
US crude West Texas Intermediate (WTI) added 0.4 percent to trade at 49.20 USD a barrel. US crude has increased by 1.8 percent in the last two sessions.
Among local energy stocks, PetroVietnam Gas Corp (GAS) advanced 1.5 percent, PetroVietnam Drilling and Well Service Corp (PVD) was up 1 percent, and PetroVietnam Coating Corp (PVB) went up 0.5 percent.
Investors also bet on companies that are expected to have higher earnings during the last quarter of the year, including steel producers, property developers and securities companies.
In the steel production industry, Hoa Sen Group (HSG) and Nam Kim Steel JSC (NKG) jumped 4.8 percent each, Vietnam-Italy Steel JSC (VIS) and Tien Len Steel Group JSC (TLH) surged 6.7 percent and 6.6 percent, respectively.
The real estate sector was driven up by Saigon Thuong Tin Real Estate JSC (SCR), FLC Group (FLC), Tan Tao Industrial Investment JSC (ITA) and An Duong Thao Dien JSC (HAR).
Securities companies were the strongest gainers. HCM City Securities Corp (HCM), Saigon Securities Inc (SSI), VNDirect Securities Corp (VND) and Saigon-Hanoi Securities Corp (SHS) surged between 6.8 percent and 9.8 percent.
The central bank on July 4 cut its daily reference mid-point rate by 7 VND to 21,858 VND for US dollar. Local banks were able to trade the Vietnamese dong and the dollar within a trading band of 3 percent on either side of the mid-point rate.
Investors on both local bourses traded nearly 196 million shares worth 3.9 trillion VND (174 million USD), an increase of one-third from July 1's trading value.-VNA
Vietnamese shares struggled to close mixed on June 27, covering some losses as local stocks were attractive to investors after plunging on Britain’s decision to leave the European Union last week.
Five years after staying silent in the market, sugar stocks rose with high liquidity, thanks to better sales from local firms and higher demand in the world market.
Vietnamese shares extended gains on June 29 as investors were in a better mood and oil prices continued recovering from a dive after Britain’s choice to leave the European Union.
Vietnamese shares were mixed on June 30 while investors became more confident in property companies on expectations of higher second-quarter performances.
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.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
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.
Investors watch stock fluctuations (Photo: VNA)
