An investor passes by automatic stock trading boards at Tan Viet Securities in Hanoi. (Source: VNA)
Vietnamese shares September 29 extended their losses for a second day on the two local markets as low global oil prices sent energy stocks down.
The benchmark VN-Index on the HCM Stock Exchange dropped 0.7 percent to close at 561.19 points and the HNX-Index on the Hanoi Stock Exchange lost 0.3 percent to finish at 77.94 points.
US benchmark crude oil West Texas Intermediate September 29 traded at 44.44 USD a barrel, down slightly from the previous day’s value. WTI has fallen nearly 10 percent since it hit a two-month peak at 49.20 USD a barrel on August 31.
At the end of September 29, local energy firms were down an average of 2.4 percent.
Among the largest energy firms, Petrovietnam Gas Corp (GAS) fell 1.3 percent, Petrovietnam Coating JSC (PVB) dropped 1.4 percent and Petrovietnam Drilling & Well Services (PVD) was down nearly one percent.
Cuts in the interest rates for dollar saving accounts made by the State Bank of Vietnam on September 28 continued to undermine the banking sector as financial firms lost an average of 0.5 percent on top of a loss of 1.9 percent on that day.
Vietcombank (VCB) dropped 0.5 percent, and both Vietinbank (CTG) and Saigon-Hanoi Bank (SHB) were down 1.5 percent.
Shares fell despite positive news about Vietnam's economy. The Government said gross domestic product likely grew 6.8 percent in the third quarter compared to the same year-ago period. Last week, the Asia Development Bank raised its 2015 growth forecast for Vietnam to 6.5 percent from 6.1 percent.
Market volume slightly improved from September 28 with nearly 131.6 million shares traded worth 1.93 trillion VND (85.7 million USD), an increase of 5.8 percent.-VNA
Shares extended rallies on Vietnam's two stock exchanges on September 21 as investors were confident the country's growing economy will boost company earnings.
Shares lost early gains to close lower on September 24 on the HCM Stock Exchange as many blue chips turned around to decline towards the end of the session.
Vietnamese shares declined on September 28 on both local exchanges after the State Bank of Vietnam reduced the saving interest rate for US dollar saving accounts, which hurt bank shares.
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.
An investor passes by automatic stock trading boards at Tan Viet Securities in Hanoi. (Source: VNA)
