Investors track trades on the HCM City-based Maybank KIM ENG Securities Co's trading floor (Photo: VNA)
Hanoi (VNA) – ༒Shares tumbled for the second day on November 3 as investors increased sales to avert downward risks caused by uncertainties on the global market.
On the HCM Stock Exchange, the VN-Index tracking 314 stocks decreased 0.6 percent to 667.6 points. It ended down 0.8 percent on November 2.
On the smaller Hanoi exchange, the HNX-Index measure of 379 stocks dropped 0.8 percent to close at 80.7 points. It decreased 1.2 percent in the previous trade.
The US Federal Reserve (Fed) on November 2 decided to keep the key interest rates unchanged following a two-day meeting, while West Texas Intermediate (WTI) oil dropped 2.9 percent to 45.34 USD per barrel, the lowest since September 28. The Brent crude oil also dipped 2.6 percent to 46.9 USD per barrel.
On the other end, the US presidential election has witnessed complicated developments.
“Vietnamese investors seemed to be more concerned about the US presidential election information rather than domestic issues,” stock analysts at Vietnam Investment Securities Co wrote in a note.
They reckoned the benchmark VN-Index retreat below the support level of 670 points would likely push up selling pressure. It also seems investors with highly leveraged trades will suffer.
Blue chips continued to lead the market downturn as 23 of the top 30 largest stocks by market capitalization lost value.
Some bucked the trend and cushioned the market in the end of the session, such as dairy producer Vinamilk (VNM), real estate giant VinGroup (VIC), lender BIDV (BID) and Mobile World Group (MWG).
Oil and gas stocks recovered despite the slump of global oil prices. PetroVietnam Drilling and Wells Service (PVD), PetroVietnam Technical Services (PVS) and PetroVietnam Drilling Mud (PVC) increased 2.2 percent, 2.4 percent and 1.7 percent, respectively.
Overall market conditions were negative when the number of falling stocks nearly tripled that of advancing ones.
A total of 169.3 million shares worth a combined 2.7 trillion VND (120 million USD) were exchanged in the two markets.
Foreign investors were net buyers on November 3 in the HCM City market after a brief net buying session a day earlier. They picked up shares worth a net buy value of 90 billion VND. However, they increased selling in the Hanoi’s market with a net sell value of 13.4 billion VND.-VNA
Shares declined on October 31 after a two-day rise as large-cap stocks, led by oil and gas stock, lost steam due to negative earnings as well as volatile oil prices.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
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.
Investors track trades on the HCM City-based Maybank KIM ENG Securities Co's trading floor (Photo: VNA)
