A trading session at Bao Viet Securities Corp. (Source: VNA)
Hanoi (VNA) - Viet🎃namese shares struggled to stay in positive territory on May 25 as the energy sector benefited from a recent recoꦏvery in global oil prices.
Local market indices were almost flat. The benchmark VN Index on the HCM Stock Exchange ended at 611.89 points, extending slight gains for a second day, and the HNX Index on the Hanoi Stock Exchange rebounded to close at 81.27 points.
Local energy firms were the centre of attention on May 25 as they received a strong boost from continuous gains in global prices over the last three days.
US crude West Texas Intermediate (WTI) and London-traded Brent crude gained 1 percent each to trade at above 49 USD a barrel.
US crude has increased by 2.8 percent in the last three sessions and Brent crude has added 1.5 percent in the last two trading days.
Energy stocks rose between 1.1 percent and 1.8 percent, including PetroVietnam Gas Corp (GAS), PetroVietnam Technical Service Corp (PVS), PetroVietnam Mud Drilling Corp (PVC) and PetroVietnam Drilling and Well Service Corp (PVD).
Additionally, a growth of 0.9 percent to 156.5 yen per kilo in rubber prices on the Tokyo Commodity Exchange also helped rubber producers like Da Nang Rubber JSC (DRC), Sao Vang Rubber JSC (SRC), the Southern Rubber Industry JSC (CSM), Hoa Binh Rubber JSC (HRC) and Dong Phu Rubber JSC (DPR) increase.
These stocks advanced between 0.3 percent and 2.6 percent on May 25.
On the contrary, local markets lacked support from the banking sector as the industry was mixed and leading banks either had slight gains or remained flat.
Vietcombank (VCB) inched up 0.2 percent while Vietinbank (CTG), the Bank for Investment and Development of Vietnam (BID) and Saigon-Hanoi Bank (SHB) were unchanged.
On the other side, Asia Commercial Bank (ACB), Military Bank (MBB) and Sacombank (STB) declined between 0.5 percent and 2.6 percent.
Banks might have suffered from investors’ cautiousness over a weaker Vietnamese dong after the Chinese yuan slumped to its lowest level against the US dollar since March 2011 amid fears that the US central bank will increase interest rates in June. Such expectations have boosted the dollar in recent trading days.
On May 25, Vietnam’s central bank raised its daily reference mid-point rate by 11 VND to 21,921 VND for a dollar.
Both local markets traded more than 192 million shares worth 2.8 trillion VND (124 million USD), an increase of 9 percent from previous day’s trading value.-VNA
Vietnamese shares on May 20 slid further on both local exchanges as investor confidence in financial firms remained low, following the US central bank’s announcement on the previous day.
Vietnamese shares continued to sink into negative territory on May 23 as investor confidence remained low amid fears of a possible US rate hike in June and oil prices extended their falls.
Vietnamese shares ended with mixed results on the two local exchanges on May 24 while investors remained cautious as local markets lacked supporting information.
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.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
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.
A trading session at Bao Viet Securities Corp. (Source: VNA)
