Hanoi (VNA) ꩲ- Vietnamese shares rose slightly on both local markets on December 24 as energy stocks benefited from higher oil prices.
The benchmark VN Index on the HCM Stock Exchange gained 0.3 percent to close at 566.17 points after dropping 2.2 percent during the previous four days.
The HNX Index on the Hanoi Stock Exchange inched up 0.2 percent to end at 78.29 points, ending a two-day decline of 1.5 percent.
Local energy stocks rose after US benchmark crude West Texas Intermediate (WTI) extended gains.
The WTI crude price gained 0.5 percent to trade at 37.68 USD a barrel and has increased by 8.5 percent in the past three days, bouncing off an eleven-year low.
As a result, local energy stocks that made gains included PetroVietnam Gas Corporation (GAS) and PetroVietnam Drilling and Well Services Corporation (PVD), each of which was up 1.1 percent, and fuel dealer Petrolimex Gas Corporation, which gained 0.7 percent.
Local investors also became more confident in the market after foreign investors turned from net sellers to net buyers, Sai Gon-Hanoi Securities Corporation (SHS) wrote in a report.
The biggest stocks that rose included food and beverage producer Masan Group (MSN), which jumped 2.2 percent, giant dairy firm Vinamilk (VNM), which was up 0.8 percent, and insurer Bao Viet Holdings (BVH), which rose 1 percent.
In addition, another big stock, property developer Vingroup JSC (VIC) gained 0.7 percent after the company officially launched three new shopping mall-entertainment-apartment complexes in HCM City, Phu Tho province and An Giang province. Vingroup has successfully launched 10 complexes this year.
On the opposite side, banks were the biggest disappointment as banks such as Vietcombank and the Bank for Investment and Development of Vietnam (BIDV) falling 0.5 percent and 1 percent, respectively.
The two local markets traded more than 105 million shares worth nearly 1.7 trillion VND (75 million USD), a decrease of 12 percent from the previous day's trading value.-VNA
Vietnamese shares rose on Dec. 17 for a third day on investor expectations that the market will likely continue this week's gains for the rest of this year.
Practices were shared to enhance the effectiveness of the Vietnam Association for Protection of Child Rights and child rights net (CRnet) in implementing policies on child rights at a forum in Hanoi.
The capitalization of Vietnam’s stock market was estimated at more than 1,325 trillion VND (58.8 billion USD), equal to 34 percent of the country’s Gross Domestic Products (GDP), this year.
Vietnamese shares fell slightly on both local bourses on December 22, led by plastics firms amid fear that their profitability will be hurt from an increase of global oil prices.
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 (Source: VNA)
