Vietnamese shares continued to rise on September 27, driven by large-cap stocks while investor confidence in local companies was bolstered by good prospects of higher quarterly performances.
Hanoi (VNA) - Vietnamese shares continued to rise on September 27, driven by large-cap stocks while investor confidence in local companies was bolstered by good prospects of higher quarterly performances.
The benchmark VN Index on the HCM Stock Exchange added 1.2 percent to close at the fresh eight-year high of 684.89 points. The southern market index has rallied 5.2 percent in the last seven sessions.
The HNX Index on the smaller Hanoi Stock Exchange rebounded 0.5 percent from Monday’s fall to finish at 83.48 points.
“Large-cap stocks remained the major force that pushed the market up,” Bao Viet Securities Corp (BVSC) wrote in its daily report.
Two-thirds of the 30 largest listed firms by market capitalisation and trading liquidity advanced, while there were seven decliners.
The 20 advancing stocks included six of the top 10 companies on the stock market, such as insurer Bao Viet Holdings (BVH), real estate firm Vingroup JSC (VIC), Vietcombank (VCB), Vietinbank (CTG) and the Bank for Investment and Development of Vietnam (BIDV).
BVH jumped 3.5 percent, VIC rose 2.8 percent, VCB was up 2.7 percent, CTG increased by 1.5 percent and BID surged 5.3 percent.
Local energy firms, including PetroVietnam Gas Corp (GAS), PetroVietnam Drilling and Well Services Corp (PVD) and PetroVietnam Technical Services Corp (PVS) had a positive day after crude prices bounced back to close higher on the previous day.
Construction material producers also made good gains, among them stone maker Binh Duong Mineral and Construction JSC (KSB), steel producers Hoa Phat Group (HPG) and Hoa Sen Group (HSG), and plastic companies Binh Minh Plastic JSC (BMP) and Tien Phong Plastic JSC (NTP).
Among those stocks, HSG had the lowest growth rate of 0.4 percent, and BMP had the highest - 1.7 percent. “Investor confidence in these companies has been rising on expectations for their higher performances in the last three months,” BIDV Securities Corp said.
More than 168 million shares were exch🔜anged on the two exchanges, wor🐎th nearly 3.1 trillion VND (137.5 million USD), a drop of more than 30 percent from September 26.-VNA
Vietnamese shares were mixed on August 8 while investor confidence in the market prospects remained low, pulling market trading to its lowest level since mid-February.
Shares on the HCM Stock Exchange lost early gains in the morning trade on September 15 as increased foreign selling continued to weigh on large-cap stocks.
The benchmark VN Index managed to hit a ten-year high on late buying on September 26 after being pulled down below last week’s closing level by profit-taking.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
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The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Illustrative image (Photo: vietnamadvisors.com)
