Hanoi (VNA) - Vietnamese shares fell again on July 21, led by Vinamilk – the largest milk producer, brokerage firms and insurance companies🎃.
The benchmark VN Index on the HCM Stock Exchange inched down 0.1 percent to finish at 659.57 points. The southern market index has fallen 2.1 percent in the last three sessions.
The HNX Index on the Hanoi Stock Exchange dropped 1 percent to end at 84.63 points, extending a three-day loss of 2.8 percent.
Vietnam Dairy Products JSC (VNM) edged down 0.6 percent from a four-day rally of 8.2 percent.
The brokerage sector was the worst-hit business on the market as Saigon Securities Inc (SSI) and Vietinbank Securities Corp (CTS) announced lower net profits during the first six months compared to the previous year.
SSI lost 3 percent after the largest securities firm reported its net profit in the first six months dropped a quarter from last year’s figure. In the second quarter, SSI earned a net profit of 305.4 billion VND (13.67 million USD), down 15 percent year on year.
CTS slumped 4.4 percent after the company recorded a year-on-year 16-percent drop in its first-half net profit. The company also announced its net profit in the last quarter was nearly half of the number last year.
Other top securities firms such as HCM City Securities Corp (HCM), Bao Viet Securities Corp (BVS) and VNDirect Securities Corp (VND) also declined.
Auto and auto-part dealer Hoang Huy Investment Services JSC (HHS) slumped 3.4 percent after the company announced its net profit between April and June was 27.6 billion VND, half of the figure recorded in the first quarter.
Truong Thanh Furniture Corp (TTF) continued to plunge 6.9 percent after the company failed to provide reasons for shareholders at a meeting on July 20 on the suspension of a loan swap worth of 1.2 trillion VND between TTF and Tan Lien Phat, a subsidiary of property developer Vingroup.
On the opposite side, banks and property developers helped markets avoid further losses.
Among banks, Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) and Saigon Thuong Tin Joint Stock Commercial Bank (STB) gained 0.9 percent each.
Additionally, Vingroup JSC (VIC), Nam Long Investment Corp (NLG) and Phat Dat Real Estate Development Corp (PDR) increased to lift the property sector.
Investors exchanged more than 151.6 million shares worth 2.87 trillion VND, slightly down from previous day’s trading value.-VNA
Vietnamese shares on July 15 fell for a second day as energy firms suffered from lower oil prices and investors continued to seek profits in large-cap stocks.
Vietnamese shares recovered on July 18 from a two-day decline as steel producers advanced on Government’s support and higher second-quarter performances.
Vietnamese shares on July 19 retreated from previous day ’s gains as individual companies declined on bad news in their business activities and lower oil prices extended losses for a second day.
Vietnamese shares on July 20 extended losses for a second session as stocks continued to retreat after they had made significant gains in the previous sessions.
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: vietstock)
