Shares extended gains to four days in a row on August 31 as investors continued to collect large-cap stocks, particularly shares to be sold by the Government.
Traders watch stock prices on An Binh Securities Co’s trading floor in HCM City (Photo: VNA)
Hanoi (VNA) - Shares extended gains to four days in a row on August 31 as investors continued to collect large-cap stocks, particularly shares to🤡 be sold by the Government.
On the HCM Stock Exchange, the VN-Index added 0.3 percent to close the session at 674.6 points. The Index has increased nearly 2.5 percent in the last four sessions.
The HNX-Index on the smaller exchange in Hanoi was up 0.8 percent to end at 84.4 points. It rose 0.6 percent on the previous day.
Large-cap shares were mixed. The shares which would be sold by the State Capital Investment Corporation (SCIC) to reduce the State holdings in big companies like dairy firm Vinamilk (VNM), software producer FPT Corp (FPT), Bao Minh Insurance (BMI), Binh Minh Plastic (BMP) and Tien Phong Plastic (NTP) rose strongly.
The biggest listed stock Vinamilk gained 2.5 percent while others climbed between 3 percent and 4.5 percent.
In mid-August, the Government asked SCIC to draw up a roadmap for selling State holdings in 10 big State-owned enterprises, of which eight businesses are listing shares on the two national stock exchanges with a combined market capitalisation of around 4.5 billion USD.
On the other end of the spectrum, some blue chips declined and restrained the market. Big losers included real estate giant VinGroup (VIC), Masan Group (MSN), insurer Bao Viet Holdings (BVH) and lender BIDV (BID).
Besides blue chips, many investors focused on realty and steel stocks with eight of the top 10 most active codes from property and steel manufacturing firms. Each of these shares saw between 2.7 million shares and 5.9 million shares change hands. Prices of these shares also increased 1-4 percent.
“Market development remained positive and facilitate trades in the short- and medium-term period,” stock analysts at Maritime Bank Securities Co wrote in a report.
Growth of leading shares in real estate, consumer goods and insurers, as well as improvement in liquidity showed a sign of a longer rise, the report said. However, it warned a short downward correction when the VN-Index approaches the 680 point level, driven by rising profit-taking selling pressure.
A total of nearly 157 million shares worth 3.5 trillion VND (157 million USD) were traded in the two markets yesterday, up 12.1 percent in volume and 20.7 percent in value over the August 30 figures.
Foreign investors remained net sellers in the HCM City’s market but their net sell value decreased to 31 billion VND from 117 billion VND seen on August 30. They remained net buyers in the Hanoi’s market for a net value of 14 billion VND.-VNA
Shares advanced on August 17 on the two national stock exchanges, buoyed by investor expectations of a specific roadmap for the Government to sell its capital proportions in many big listed companies.
Vietnamese shares struggled to rise on August 23 on late buying while foreign investors remained net sellers on fears of a US interest rate hike in September.
Shares retreated from a five-month high seen in the morning of August 29 as investors increased selling due to caution ahead of portfolio restructuring of large exchange-traded funds.
Shares rose for the third consecutive day on the HCM Stock Exchange on August 30 as investors continued to focus on large-cap stocks in expectation of further market growth.
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.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Traders watch stock prices on An Binh Securities Co’s trading floor in HCM City (Photo: VNA)
