Investors watch stocks move on the online scoreboard. (Source: VNA)
Hanoi (VNA) - Vietnamese shares on August 22 en♒ded down as investors increꦏased selling assets to earn profits after blue chips posted big gains last week.
The benchmark VN Index on the HCM Stock Exchange retreated 0.7 percent to close at 657.68 points, erasing a three-day gain of 0.6 percent.
The HNX Index on the Hanoi Stock Exchange ended down 0.5 percent at 82.68 points to total a three-day loss of 1.3 percent.
Blue chips weighed on the major market as investors sought profits from those stocks’ recent gains.
Dairy firm Vinamilk (VNM), consumer goods producer Masan Group (MSN), confectionery KIDO Group (KDC) and steel producer (HSG) were among the decliners.
VNM dropped 2.1 percent after rising 4.5 percent in the previous five sessions. VNM has surged 13 percent in the last three trading weeks.
KDC slumped 4.2 percent after it recorded a seven-day gain of more than 29 percent. KDC has soared nearly one-third in the last 10 trading days.
HSG dipped 3.9 percent to fall a total 6 percent in two sessions after climbing more than 10 percent during two trading weeks.
MSN pulled back 3.7 percent from a two-day jump of 13.4 percent.
Other large-cap shares such as Bank for Investment and Development of Vietnam (BID) also declined from Friday’s closing prices.
BID has disappointed investors in recent weeks as the bank has reported an increase of 31 percent in its non-performing loan volume.
“Concerns over the banking system’s bad debt status have undermined the banks’ performances compared to the growth of the stock market,” Bao Viet Securities Co (BVSC) wrote in its daily report.
According to BVSC, the three bank stocks BID, Asia Commercial Bank (ACB) and Vietinbank (CTG) have respectively fallen 19.9 percent, 11.6 percent and 8.1 percent since the beginning of the year while the VN Index has been up 13.6 percent.
“If those banks show no progress to lower their bad debt ratios, the prospect of the banking sector in the rest of year will remain negative,” BVSC said.
The central bank on August 22 raised its daily reference mid-point rate for local trading between the Vietnamese dong and the US dollar by 19 VND to 21,875 VND for a dollar.
Nearly 146.5 million shares worth 2.58 trillion VND were exchanged, a decrease of a quarter from last week’s daily trading value.-VNA
The Saigon Beer, Alcohol and Beverage Corp (Sabeco) may get permission to be listed on the stock exchange in the near future, the Ministry of Industry and Trade (MoIT) said in a statement.
Shares walked a tightrope on August 18 under heavy selling pressure by foreign investors while volatile global oil prices pushed oil and gas stocks down.
Shares rose slightly on the HCM Stock Exchange on August 19, propped up by some individual stocks, while the red overwhelmed the market as investors increased selling on fears of a downturn.
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.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
Investors watch stocks move on the online scoreboard. (Source: VNA)
