Vietnamese shares extended gains on June 29 as investors were in a better mood and oil prices continued recovering from a dive after Britain’s choice to leave the European Union.
Hanoi (VNA)🍰 - Vietnamese shares extended gains on June 29 as investors were in a better mood and oil prices continued recovering from a dive after Britain’s choice to leave the European Union.
The benchmark VN Index on the HCM Stock Exchange rose 1.3 percent to finish at 630.12 points, totalling a three-day rally of 1.5 percent from the slump on June 24.
The HNX Index on the Hanoi Stock Exchange added 1 percent to close the trading session at 84.74 points, rebounding 1.4 percent in the last two days.
“Local markets continued to recover from the June 24 plunge as investor confidence became more steady, and sell-offs are unlikely to happen again,” Sai Gon-Hanoi Securities Corp (SHS) wrote in its daily report.
“Blue chips had a positive trading day, proving that Vietnam’s stocks were making good progress in spite of the country’s lower year-on-year GDP growth in the first half of the year.”
Investor confidence was also bolstered as local analysts said that the markets over-reacted to the UK’s choice to leave the EU, and investors exaggerated their fears over what might happen to stock markets.
A stronger British pound versus the US dollar also helped Vietnam’s central bank cut its daily reference mid-point rate by 6 to 21,882 VND for a dollar.
Local banks were able to trade the Vietnamese dong and the dollar within a trading band of 3 percent on either side of the mid-point rate.
Property and retail company Vingroup JSC (VIC), insurer Bao Viet Holdings (BVH) and the three largest listed banks – Vietcombank (VCB), Vietinbank (CTG) and the Bank for Investment and Development of Vietnam (BID) – were major factors that boosted the southern bourse.
VIC and BID edged up 0.6 percent each, BVH rose 1.7 percent, VCB gained 1.9 percent and CTG increased by 2.4 percent.
On the northern exchange, Vicostone JSC (VCS), Tien Phong Plastic JSC (NTP), insurer PVI Holdings (PVI) and Vietnam Construction and Import-Export Corp (VCG) advanced between 1.4 percent and 8.1 percent.
Additionally, listed energy firms rose after oil prices advanced for a second day after plunging on June 24. London-traded Brent crude was traded at 49.03 USD a barrel, up 0.9 percent from June 29. Brent crude has jumped 4 percent in the last two days.
The largest energy firms that increased were PetroVietnam Gas Corp (GAS), PetroVietnam Technical Service Corp (PVS) and PetroVietnam Mud Drilling Corp (PVC).
Investors exchanged 171.4 million shares worth 3.47 trillion VND (154 million USD), an increase of one-third from the June 29 trading value.-VNA
Vietnamese shares advanced on June 23 as investors were upbeat on expectations that the Vietnamese economy would not suffer much from Britain's exit of the European Union (EU).
Vietnamese shares dove on June 24’s morning and then climbed slightly as investors reacted in shock to Britain’s decision to terminate its membership in the European Union (EU).
Vietnamese shares struggled to close mixed on June 27, covering some losses as local stocks were attractive to investors after plunging on Britain’s decision to leave the European Union last week.
Vietnamese shares rose on June 28, covering losses made during the session as dairy firm Vinamilk boosted investor confidence on its latest announcement on foreign ownership.
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 watch markets’ moves (Photo: VNA)
