Vietnamese shares were mixed on September 7 as investors await a decision on US interest rates later this month.
The benchmark VN-Index on the HCM Stock Exchange edged down 0.3 percent to close September 7 session at 554.93 points. It gained 0.5 percent on September 4.
On the Hanoi Stock Exchange, the HNX-Index declined for a third day in a row, losing 0.4 percent to end at 75.99 points.
"Investors are cautious in this period, especially ahead of the US Federal Reserve's meeting on September 16-17," said Bui Nguyen Khoa, an analyst at BIDV Securities Co.
Domestic investors have been paying closer attention to global factors after the Vietnamese stock market took a big hit from the recent Chinese stock rout.
Khoa said stocks will likely trade in a narrow band and with light liquidity in the short term.
"I think the VN-Index will trade between 550-560 points in the near future and could bounce higher if we get positive news," Khoa said.
Only 20 percent of stocks increased on September 7, 33 percent decreased while the others closed unchanged.
Liquidity remained low on the two exchanges.
More than 75 million shares worth 1.7 trillion VND (75.6 million USD) were traded in HCM City's market, lower than an average of 116 million shares worth 2.1 trillion VND (93.3 million USD) per session seen in August.
In Hanoi, almost 28 million shares worth 313.6 billion VND (nearly 14 million USD) were exchanged on September 7, also lower than August's average of 45.5 million shares worth 487 billion VND (21.6 million USD) per day.
Only 22 out of total 675 stocks on the two exchanges had trades of over 1 million shares, of which real estate FLC Group (FLC) and Quang Nam Rubber Investment (VHG) saw the highest volume at over 4 million shares traded on each stock.-VNA
Government Decree 60/2015/ND-CP on scrapping foreign ownership limit in securities market is expected to create huge opportunities for the Southeast Asian country to attract foreign investment.
Vietnamese shares were volatile on August 25, but ended higher as bargain hunters helped the market regain part of Monday (August 24)'s big loss, although the global situation has yet to improve.
Shares rose on August 26 on the two Vietnamese exchanges, prompted by an improvement in investor confidence, although shares across Asia were mixed after a fresh rate cut by the People's Bank of China
Vietnamese shares extended gains for a third day yesterday, fueled by a sharp rebound of banks and energy companies, as well as a strong recovery in Asian and US markets.
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.
Illustrative image (Photo: VNA)
