Hanoi (VNA)꧑ - Energy stocks led local markets up on June 14 despite oil prices falling for a fourth trading day.
The benchmark VN Index on the HCM Stock Exchange rebounded 0.3 percent to finish at 625.43 points, after declining by 1.2 percent in the two previous sessions.
Recent declines helped energy stocks become attractive to investors, as Vietnamese stocks struggled to return to positive territory.
The HNX Index on the Hanoi Stock Exchange ended nearly flat at 84.35 points, up from a loss of 0.7 percent on the previous day.
Petroleum Pipeline and Tank Construction JSC (PXT), PetroVietnam Coating Corp (PVB), and PetroVietnam Mud Drilling Corp (PVC) made the greatest gains, rising 4.2 percent, 5 percent, and 3.2 percent, respectively.
Gains were also seen in other energy firms, including Southern Gas JSC (PGS), Petroleum Equipment Assembly and Metal Structure JSC (PXS), and PetroVietnam Drilling and Well Service Corp (PVD).
Other large-cap stocks on the two local exchanges also recovered from recent losses and helped drive markets up.
Property developer Vingroup JSC (VIC) and Vicostone JSC (VCS) rose 1 percent each. Asia Commercial Bank (ACB) edged up 0.5 percent. Kim Long Securities Corp (KLS) jumped 4.9 percent.
Meanwhile, blue chips still suffered from foreign selling. Investors proved cautious and global markets continued to slide, ahead of the US central bank meeting on Wednesday and the possible withdrawal of Britain from the European Union, Bao Viet Securities Corp (BVSC) wrote in its daily report.
“Although the US central bank is not likely to increase its rates this month, the post-meeting message it sent the markets will still have negative effects on investor confidence,” BVSC said, adding that investors are still investing in safer assets such as gold and bonds.
Financial firms, such as banks, showed little improvement compared to their performance on Monday. The three biggest listed banks – Vietcombank (VCB), Vietinbank (CTG), and the Bank for Investment and Development of Vietnam (BID) – slipped between 0.2 and 1.1 percent.
Investors traded more than 145.7 million shares worth nearly 2.43 trillion VND (108 million USD).-VNA
The Hanoi Stock Exchange has welcomed three new companies to the Unlisted Public Companies (UPCoM) market, reaching capitalisation of more than 108.4 trillion VND (5 billion USD).
Oil and gas stocks led a rise in both bourses on June 9. Positive investor confidence strengthened local stocks, Sai Gon-Hanoi Securities Corp (SHS) wrote in its daily report.
Vietnamese shares declined on June 13 as investor confidence was driven down by lower oil prices and fears over negative economic conditions on the global markets.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Investors at BIDV Securities Corp (Photo: VNA)
