The VN Index on the HCM Stock Exchange on February 3 retreated from its nine-year high as investors tried to take profits from stocks’ recent good gains.
Investors at Sacombank Securities Company in HCM City. The stock market ended mixed yesterday with the benchmark VN Index falling from the nine-year high of 703.18 points (Photo: VNA)
Hanoi (VNA) - The VN Index on the HCM StockExchange on February 3 retreated from its nine-year high as investors tried totake profits from stocks’ recent good gains.
The benchmark index was down 0.4 percent to close at 700.35points. It had rallied total 3 percent in the previous five sessions to touch anine-year high of 703.18 points on February 2.
Trading market liquidity increased slightly from theprevious trading day with more than 124.6 million shares being traded, worth 2.39trillion VND (106.34 million USD).
The performance of the banking sector was negative as mostlisted banks on the southern bourse saw their values decline during the sessionwhile only Eximbank (EIB) maintained its upward trend, rising 6.3 percent tototal a four-day jump of 15 percent.
Vietcombank (VCB) fell 1.9 percent from a four-day increaseof 3.8 percent, Vietinbank (CTG) lost 1.3 percent after rising 8.1 percent inthe previous six sessions, and MBBank (MBB) edged down 0.4 percent followingits three-day gain of 2.9 percent.
Other blue chips such as PetroVietnam Gas Corp (GAS) and property developerVingroup (VIC) also ended in the red on profit-taking. These two stocks endeddown 1.2 percent each. GAS had gained 5.4 percent in the previous seven days.
On the opposite side, some companies with impressiveearnings reports for 2016 helped the southern bourse avoid falling further,including property firm FLC Group (FLC) and Faros Construction Corp (ROS).
FLC reached its daily price increase limit of 7 percentafter reporting total revenue of 6.34 trillion VND, up 19.2 percent from 2015,and total post-tax profit of 987 billion VND, up 9.6 percent year on year.
On the Hanoi Stock Exchange, the HNX Index rallied for afourth day, increasing 0.5 percent to end at 85.03 points. The northern marketindex has moved up total 2.4 percent in the last four sessions.
Market trading liquidity on the northern bourse increasedsharply from February 2 with more than 28.5 million shares being traded, worth 259.6billion VND.-VNA
The stock market will likely remain quiet this week as investors hold back from making further purchases, lowering trading liquidity, brokerage companies say.
The VN Index on the HCM Stock Exchange advanced further on January 23 after banks and some large-cap companies released their quarterly and yearly earnings reports, boosting investor confidence.
The VN Index on the HCM Stock Exchange rallied for a fifth session on February 2 as investor confidence was bolstered by positive earnings reports from listed companies.
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.
Vietnam is now positioning itself as a global manufacturing hub with a diversified export portfolio, improved product quality, and enhanced price competitiveness.
Investors at Sacombank Securities Company in HCM City. The stock market ended mixed yesterday with the benchmark VN Index falling from the nine-year high of 703.18 points (Photo: VNA) 
