Shares continued to rally on October 9 with oil and gas companies gaining value on the steady rise of global oil prices.
On the HCM Stock Exchange, the VN-Index edged up 0.2 percent to close the session at 588 points. The index rose 1.2 percent on Thursday.
Meanwhile, the HNX-Index on the Hanoi Stock Exchange gained another 0.4 percent to end October 9’s session at 80.8 points.
Oil and gas stocks climbed strongly on the day, propped up by bright prospects of global oil prices in the future.
Large-cap oil shares like PV Gas (GAS), PetroVietnam Drilling and Wells Service (PVD), PetroVietnam Technical Services (PVS) and PetroVietnam Drilling Mud (PVC) increased between 1 percent and 3 percent. PVS was the biggest gainer with a 3.2 percent rise.
US crude oil, known as West Texas Intermediate oil (WTI), rebounded from the bottom in mid-August at 32.2 USD per barrel to 50.38 USD overnight on October 8. Brent crude oil also surged, even higher to almost 54 USD.
Research PIRA Energy Group predicted crude prices would rise to 70 USD per barrel by the end of 2016.
Apart from oil and gas stocks, real estate companies continued to attract investment.
FLC Group (FLC), Tan Tao Investment Industry (ITA), Hoang Anh Gia Lai Co (HAG) and Sai Gon Thuong Tin Real Estate (SCR) were the most active stocks in the two markets. Besides SCR, others climbed between 2 percent and 3 percent.
Overall liquidity declined slightly against October 8. A total of 215.3 million shares worth 3.36 trillion VND (149.3 million USD) were traded on the two exchanges by the end of October 9, down 13 percent in volume and 9 percent in value compared with the previous session.
Foreign investors remained net buyers in the two markets on the day. They bought a total of nearly 19 million shares worth 346.5 billion VND (15.4 million USD) and unloaded 6.3 million shares worth 186 billion VND (8.3 million USD), picking up a net of 13 million shares worth 161 billion VND (7.2 million USD).-VNA
Shares in Vietnam's two stock markets continued to rally on October 6 after 12 Pacific Rim countries reached an historic agreement which will liberalise commerce in 40 percent of the world's economy.
Shares fell slightly on October 7 on the country's two exchanges, after strong rises in the previous two sessions, as investors awaited the latest company earnings reports.
After a short pause on October 7, shares advanced on the following day on the two markets as investors readied for the release of companies' third quarter earnings reports.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
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.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
Illustrative Image (Source: vietstock)
