Capitalisation on the Ho Chi Minh Stock Exchange (HOSE) in May rose 7.07 percent month-on-month to more than 4.97 quadrillion VND (over 216 billion USD), equivalent to about 79.09 percent of the country’s GDP at the end of 2020.
HCM City (VNA) - Capitalisation on the Ho Chi Minh Stock Exchange (HOSE) in May rose 7.07 percent month-on-month to morethan 4.97 quadrillion VND (over 216 billion USD), equivalent to about 79.09 percentof the country’s GDP at the end of 2020.
HOSE has four listed companies with capitalisation in excess of 10 billion USD: Vingroup(VIC), the Joint StockCommercial Bank for Foreign Trade of Vietnam (VCB), the Vinhomes Joint StockCompany (VHM), and the Hoa Phat Group (HPG).
According to the exchange, indexes had posted impressive growth by the close ofthe last trading session in May.
The VN-Index reached 1,328.05 points, up 7.15 percent compared toApril and 20.31 percent against the end of 2020. Meanwhile, VNAllshare topped 1,365.87points, an increase of 9.86 percent and 32.30 percent, respectively.
The large-cap tracker VN30-Index picked up 12.38 percent and 37.73 percent, respectively,closing at 1,474.78 points.
Industry indexes recording high growth during the month included the financialsector (VNFIN), with 24.51 percent, information technology (VNIT) with 20.10 percent,and materials (VNMAT) with 19.46 percent.
HOSE’s figures also show that liquidity in May was the highest since the beginningof the year.
The average trading value and volume in the month reached over 21.9 trillion VNDand 701.96 million shares per trading session, respectively, up 19.57 percent butdown 3.3 percent in volume compared to April, and up 292.85 percent in value and134.59 percent in volume against the same period last year.
The total value and volume of shares in May stood at 438.7 trillion VND and 14.03billion, respectively, up 53.26 percent and 3.19 percent, respectively, comparedto the end of 2020./.
Vietnam’s stock market is expected to continue to grow, helped by strong economic growth and increasing local liquidity. The positive outlook will attract foreign investors back to the market, according to HSBC.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) rose 7.12 points to a new peak of 1,305.1 points on May 25 morning as several large cap stocks made significant gains.
The market witnessed strong buying interest last week and analysts from many securities firms expect indices to continue to hit new highs, but have warned investors to be cautious.
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&.
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.
Illustrative photo (Source: VNA) 
