Staff at Hanoi Stock Exchange check-up and supervise the results of a Government bond auction. (Photo: VNA)
Hanoi (VNA) - Shares declined for a second day on November 17 as banks and insurance ♎companies led the market downturn.
On the HCM Stock Exchange, the benchmark VN-Index lost 0.7 percent to close at 605.1 points. It was down 0.3 percent on the previous day.
Five of the nine listed banks lost value, with Military Bank (MBB) being the biggest loser with a 1.4-percent decrease while others like Bank for Investment and Development of Vietnam (BID), Eximbank (EIB), Vietinbank (CTG) and Asia Commercial Bank (ACB) inched down by less than 1 percent.
Among the seven publicly-traded insurers, four slumped, two closed unchanged and only one gained.
Vietnam National Reinsurance (VNM) lost over 3 percent while Bao Viet Holdings (BVH) slipped 1.8 percent, and BIDV Indurance (BIC) and PVI Holdings (PVI) decreased 1.4 percent and 1.2 percent, respectively.
Vinamilk (VNM), Vietnam's biggest dairy producer as well as the biggest listed company, also lost 4.3 percent on November 16 after a five-day rally. The shares rose 10.2 percent in the past five days.
At the other end of spectrum, energy stocks rebounded. The biggest energy firm PV Gas (GAS) increased over 0.9 percent while others such as PetroVietnam Drilling and Well Services Corporation (PVD) and PetroVietnam Southern Gas (PGS) advanced 2.5 percent and 1.6 percent, respectively.
By contrast, on the smaller exchange in Hanoi, the HNX Index recouped 0.1 percent to end at 81.1 points after going down 0.6 percent on November 16.
The overall liquidity increased with a total of 237 million shares worth 3.5 trillion VND (156.3 million USD) being traded in the two markets on November 17, up 25.4 percent in volume and 8.4 percent in value over the levels on November 16.-VNA
Vietnamese shares rose slightly on November 12 on both local exchanges, ending a four-day losing streak, as local bank stocks inched up following a positive assessment from Fitch Ratings.
Vietnamese shares saw solid gains on November 13 on both local exchanges thanks to good news about the property market which boosted real-estate developers.
Vietnamese shares declined slightly on November 16 on both local exchanges, reversing after a two-day winning streak, as the financial sector slumped after the terror attacks in Paris last week.
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.
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.
Staff at Hanoi Stock Exchange check-up and supervise the results of a Government bond auction. (Photo: VNA)
