Vietnamese shares on January 26 pulled back from a four-year jump early this week as a sharp fall in oil prices dragged down investor confidence on global markets.
Hanoi (VNA)ཧ - Vietnamese shares on January 26 pulled back from a four-year jump early this week as a sharp fall in oil prices dragged down investor confidence on global markets.
The benchmark VN Index on the HCM Stock Exchange fell 0.9 percent to close at 537.73 points and the HNX Index on the Hanoi Stock Exchange dropped 1.1 percent to end at 75.51 points.
Oil prices on January 26 continued to fall near their twelve-year lows after Iraq announced a record output last month and planned to raise production this year.
Benchmark crude West Texas Intermediate (WTI) dropped 0.8 percent to trade at 30 USD a barrel while London-traded Brent crude lost 0.9 percent to trade at 30.24 USD a barrel.
WTI crude price has slid 6.5 percent over past two sessions since a two-day rally of 21 percent from its twelve-year low touched on January 20, while Brent crude price has slipped 6 percent after gaining 15.4 percent.
In addition, investors were looking forward to the decisions made by the United States (US) and Japan's central bank whether they should implement easing policies on the economies.
These two factors were the main reasons that dragged down investor confidence in local stocks on January 26.
The plastic sector index lost 3.9 percent, led by Binh Minh Plastic JSC (BMP), which dropped 3.3 percent, and Tien Phong Plastic JSC (NTP), which slumped 5.2 percent.
Other large-cap stocks that also helped pull down the markets included dairy firm Vinamilk (VNM), insurer Bao Viet Holdings (BVH), and Vietcombank (VCB), which fell 2.5 percent, 2 percent and 2.6 percent, respectively.
On the other side, PetroVietnam Gas Corporation (GAS), the Bank for Investment and Development of Vietnam (BID), and Vietinbank (CTG) lifted the market. They gained 3.8 percent, 3.1 percent and 1.2 percent, respectively.
On January 26, Vietnam's central bank cut its reference mid-point rate for exchange trading band by 12 VND to 21,898 VND for a US dollar.
Both local markets traded more than 183 million shares worth 2.2 trillion VND (98 million USD), a decrease of 24 percent from previous day’s trading value.-VNA
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.
Illustrative image (Photo: VNA)
