The trading platform on the MBS exchange floor. (Photo: VNA)
Hanoi (VNA) - ꧅Vietnamese shares rebounded from recent losing streaks on both local markets on April 21 as rising oil prices lifted energy stocks.
The benchmark VN Index on the HCM Stock Exchange rose 1.4 percent to close at 575.73 points, ending a two-day decline of more than 2 percent.
The HNX Index on the Hanoi Stock Exchange bounced back 0.4 percent from a three-day slide of 1.1 percent to finish at 79.69 points.
The energy industry continued its upward trend as oil prices had the third gaining session after US production declined to its lowest point since October 2014 and the Organisation of Petroleum Exporting Countries (OPEC) said it could hold new talks in May on an output freeze.
US crude West Texas Intermediate (WTI) inched up 0.1 percent to trade at 44.22 USD a barrel and London-traded Brent crude rose slightly to trade at 45.82 USD a barrel.
US crude has advanced 11 percent in the last three sessions after OPEC’s talk in Doha broke down on April 17, while Brent crude has increased by 6.8 percent.
Among energy stocks, PetroVietnam Gas Corp (GAS) and PetroVietnam Drilling and Well Service Corp (PVD) surged 6.2 percent and 5.7 percent, respectively.
PetroVietnam Mud Drilling Corp (PVC) and PetroVietnam Technical Service Corp (PVS) jumped 4.5 percent and 4.4 percent, respectively.
The property sector also made good gains after official data from the Vietnam Real Estate Association (VNREA) showed that this sector has made significant improvements during the first quarter, Bao Viet Securities Corp (BVSC) wrote in its daily report.
The property market has seen a stable and firm recovery in the first quarter, BVSC said. The market’s growth in the first quarter is 3.4 percent – the strongest growth since 2012 – while real-estate stockpiles by March 20 fell 6.4 percent from the previous month to a value of 44.85 trillion VND.
Among property developers, Vingroup JSC (VIC), Saigon Thuong Tin Real Estate JSC (SCR), An Duong Thao Dien JSC (HAR) and Hoang Quan Consulting-Trading-Service Real Estate Corp (HQC) advanced between 1.8 percent and 2.2 percent.
Other companies with positive quarterly performance also helped boost the markets.
HCM City Securities Corp (HCM) gained 2 percent after it reported a net profit of 64.7 billion VND (2.87 million USD), an increase of 40 percent from last year’s figure.
Phu Nhuan Jewelry JSC (PNJ) increased by 1.9 percent after the jewelry trader reported a net profit of 120 billion VND in the first quarter of 2016, a growth of 9.2 percent from 2015’s first quarter.
Both local markets exchanged nearly 149 million shares worth nearly 2.2 trillion VND, a decrease of nearly 19 percent from April 20.-VNA
Vietnamese shares fell on both local markets on March 31 as lower oil prices pulled energy stocks down and investors tried to take profits from recent gains.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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&.
The trading platform on the MBS exchange floor. (Photo: VNA)
