An investor observes market developments at the VNDirect Securities trading floor. (Photo: VNA)
Hanoi (VNA) - Vietnamese shares were mixed on the two local exchanges, while fi꧑nancial firms fell on low investor confidence as the Chinese economy remained weak.
The benchmark VN Index on the HCM Stock Exchange dropped 0.5 percent to close at 571.71 points, extending losses of 0.8 percent to a second day.
On the contrary, the HNX Index on the Hanoi Stock Exchange rebounded 0.3 per cent to finish at 79.37 points after decline on March 8.
Investor confidence was low after China on March 8 announced the country's exports and imports saw their heaviest fall in nearly seven years, Saigon-Hanoi Securities Corporation (SHS) wrote in its daily report.
The fall in China's trade statistics raised concerns over a "hard landing" for the world's second-largest economy, which may hurt other countries, as China is a key driver of global trade and international growth.
Low investor confidence pulled down financial stocks, especially for insurance companies such as Bao Viet Holdings (BVH), BIDV Insurance Corporation (BIC) and Bao Minh Insurance Corporation (BMI). These stocks dropped 2.8 percent, 2.4 percent and 3.1 percent, respectively.
Banks also suffered from low investor confidence. Vietcombank (VCB) was down 0.5 percent, the Bank for Investment and Development of Vietnam (BID) lost 2.3 percent and Vietinbank (CTG) fell 1.7 percent.
Additionally, energy stocks extended declines after crude prices fell from two-month highs on March 8, while investors tried to look for profits in energy stocks after these stocks made strong gains in the previous sessions.
US benchmark West Texas Intermediate (WTI) on March 9 added 1.6 percent to trade at 37.07 USD a barrel. However, it plunged 3.7 percent to close at 36.50 USD a barrel after US inventories expanded to an eight-decade high.
Among local energy stocks, PetroVietnam Gas Corporation (GAS) lost 1.7 percent, PetroVietnam Mud Drilling Corporation (PVC) and PetroVietnam Coating Corporation (PVB) dropped 2.1 percent each.
On the positive side, property developers rose after Vietnam's central bank confirmed that the revised Circular 36, which aims to reduce the loans that commercial banks can lend in order to ensure financial safety in the banking sector, will not post negative effects on the property sector, SHS said in its report.
As a result, property developers such as Vingroup JSC (VIC), Tan Tao Investment Industrial JSC (ITA) and Da Nang Housing Investment Development JSC (NDN) made gains. These stocks rose 0.2 percent, 2 percent and 1.1 percent, respectively.
Both local markets traded more than 174 million shares worth 2.5 trillion VND (112 million USD), a decrease of one-fifth from March 8's trading value.-VNA
Vietnamese shares advanced on both local trading bourses on March 4 after the previous day’s mixed session as rubber stocks rose on higher rubber prices in global trading.
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 observes market developments at the VNDirect Securities trading floor. (Photo: VNA)
