Vietnamese shares bounced back on the week’s last transaction day from the previous day’s declines on both local exchanges as banks and property developers recovered from their recent falls.
Hanoi (VNA)ဣ - Vietnamese shares bounced back on the week’s last transaction day from the previous day’s declines on both local exchanges as banks and property developers recovered from their recent falls.
The benchmark VN Index on the HCM Stock Exchange rose 0.6 percent to finish at 608.11 points. The southern index closed down 1.1 percent over the week.
The HNX Index on the Hanoi Stock Exchange increased by 0.4 percent to end at 81.39 points, losing a total of 0.4 percent from the previous week.
Listed banks made some recoveries after they suffered losses in the previous sessions as investors were cautious amid fears over a possible US interest rate increase in June.
Those banks included Asia Commercial Bank (ACB), Vietinbank (CTG), the Bank for Investment and Development of Vietnam (BID), Sai Gon-Hanoi Bank (SHB) and Sacombank (STB).
ACB gained 1.1 percent, SHB added 1.6 percent, CTG and BID advanced 1.7 percent and 1.8 percent, respectively, and STB increased by 2.7 percent.
Local markets were also supported by property developers, including Vingroup JSC (VIC), Tan Tao Investment Industrial JSC (ITA), Kinh Bac City Development Share Holding Corp (KBC) and Sai Gon Thương Tin Real Estate JSC (SCR).
Those shares rose between 0.7 percent and 5.7 percent.
Securities firms also recorded good gains. Sai Gon Securities Inc (SSI), HCM City Securities Corp (HCM), Bao Viet Securities Corp (BVS), Sai Gon-Hanoi Securities Corp (SHS) and VNDirect Securities Corp (VND) were among the biggest winners.
SSI moved up 1.5 percent, SHS jumped 3.2 percent, VND edged up 0.9 percent, HCM was up 2.7 percent and BVS gained 2.3 percent.
Supporting business news also helped other companies see their stocks improve on the day such as Da Nang Rubber JSC (DRC) and TMT Motor Corp (TMT).
However, investors remained cautious during the May 27 session, which resulted in lower market trading liquidity. Both local markets exchanged more than 162.7 million shares worth 2.3 trillion VND (102 million USD), a decrease of 12 percent from the previous day’s trading value.-VNA
Vietnamese shares on April 26 rebounded on both local markets from the previous day’s falls as high investor confidence boosted large-cap stocks in the insurance and property sectors.
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At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
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Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
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Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
Illustrative image (Source: VNA)
