Brokers at FPT Securities Company in Hanoi (Photo: VNA)
Hanoi (VNA) - Vietnam’s keyVN Index extended growth for a second day on May 10 as bank stocks were boostedby strong foreign investment. The benchmark index on the HCM StockExchange gained 0.30 percent to close at 724.31 points. It has advanced total0.8 percent after the last two sessions. Market trading liquidity remainedstable with more than 228 million shares traded, worth 4.52 trillion VND (201.2million USD). The figures were almost unchanged in comparison with May 9’s numbers. Foreign investors posted a net buyvalue of 87.6 billion VND, which was a big improvement compared to the netforeign sell value of 81.5 billion VND made on the previous day. Foreign investment on May 10 focusedon the banking industry, making it the strongest growing industry among 20sectors in the stock market with the sector index gaining 1.5 percent,according to vietstock.vn. According to Sai Gon-Hanoi Securities(SHS), there were two bank stocks in the top five that received net foreign buyvalues, which were Sacombank (STB) and Vietcombank (VCB). Other sectors such as rubberproducers, energy firms and food and beverage companies also performed well. Property stocks remained positivewith the growth of Novaland (NVL), Hoang Quan Consulting-Trading-Service RealEstate (HQC), Kinh Bac City Development Holding (KBC) and Sai Gon Thuong TinReal Estate (SCR). HQC and SCR were the two most activestocks on the southern bourse with more than 14 million and 10 million sharesexchanged, respectively. HQC gained 0.8 percent while SCR surged 6.9 percent. -VNA
The benchmark VN-Index could surge back to the 732 points peak seen a month ago on the back of strong buys by foreign investors as well as positive economic indicators, analysts said.
Shares dropped on both local markets on May 8 as investors switched investments from large-cap stocks to mid- and small-cap ones, putting blue chips into negative territory.
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The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
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.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Brokers at FPT Securities Company in Hanoi (Photo: VNA) 
