The ninth petrol price reduction this year and the successful sale of Government bonds worth 1 billion USD on the international market provided much-needed support for domestic stock markets on November 7.
The ninth petrol price reduction this year and the successful sale ofGovernment bonds worth 1 billion USD on the international marketprovided much-needed support for domestic stock markets on November 7.
Thebond sale has reaffirmed Vietnam 's economic recovery and growthoutlook following the credit upgrade of reputable ratings agencies forthe country.
At the HCM City Stock Exchange, the VN-Indexextended November 6’s gains by adding 0.79 percent to reach 602.59points. Transaction value jumped by nearly 38 percent compared with theprevious session to about 2.2 trillion VND (103.7 million USD), astrading volume increased to 125.6 million shares.
Among the30 largest stocks in terms of capitalisation and liquidity, only fourretreated, including Eximbank, Kinh Do Confectionery, Ocean Group andPetroVietnam Drilling Services.
Meanwhile, exactly 17blue-chip shares posted gains, notably steelmaker Hoa Phat by 2.7percent and private equity group Masan by 4.3 percent. The VN30Index tracking these blue chips rose by 0.82 percent to reach 642.77points.
At the Hanoi Stock Exchange, the HNX-Index climbedby 0.26 percent to reach 89.55 points on a total market value of 654.5billion VND (30.8 million USD). The northern market's blue chips pushedthe HNX30 up by 0.27 percent to 180.13 points.
Trading wasquite active because of real estate shares such as FLC Group, Hoang AnhGia Lai and Kinh Bac Urban City , as well as Tan Tao, Duc LongGia Lai and Tasco.
FLC led the two bourses in tradingvolume yesterday, rising by 5.4 percent with nearly 23 million shareschanging hands. Foreign investors bought 34,200 FLC shares.
Foreigninvestors increased their purchasing activities on November 7, and thisis good news for investors in general. Buyers could consider taking theaction now as shares showed sign of entering a new rally, according toFPT Securities.-VNA
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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.
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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.
