PVC pipe is manufactured at Binh Minh Plastic Company in Hung Yen Province. (Source: VNA)
Hanoi (VNA)🍷 - Vietnamese shares fell on both local exchanges on November 24 as local plastic producers suffered from higher global oil prices.
The benchmark VN Index on the HCM Stock Exchange fell 1 percent to close at 593.83 points, extending its losses for a second day.
Meanwhile, the HNX Index on the Hanoi Stock Exchange inched down 0.4 percent to finish at 81.64 points, ending its two-day rally.
The plastic producer index fell 2.7 percent as investors anticipated their production input costs will rise after the US benchmark crude West Texas Intermediate (WTI) jumped 13 percent from November 20 to trade at nearly 42 USD a barrel on November 23.
The rise of the WTI price came after Saudi Arabia – the biggest member of the Organisation of Petroleum Exporting Countries (OPEC) – expressed its willingness to work with OPEC and other exporters to reduce output to remove surplus and boost prices.
Local plastic producers reacted in a bad way to that information. Binh Minh Plastic Joint Stock Company (BMP) dropped 2.9 percent, Rang Dong Plastic JSC (RDP) fell 2.2 percent and Tien Phong Plastic Joint Stock Company (NTP) was down 2.9 percent.
Food and beverage producer Vinamilk (VNM) and Masan Group (MSN) continued to decline as investors sought to protect profits after strong rallies in each stock, Saigon Securities Corporation wrote in its report.
As a result, Vinamilk dropped 3.2 percent and Masan was down 1.4 percent, making the food and beverage producer index lose 2.4 percent.
The General Statistics Office (GSO) on November 24 announced the Consumer Price Index (CPI) in November rose by 0.07 percent from October, bringing CPI growth in the past 11 months to 0.58 percent, far below the target of 5 percent set by the National Assembly.
The slow CPI growth rate resulted from recent drops in gas and fuel prices, which reflected in less revenue for local transportation companies, the GSO said. International Gas Product Shipping JSC (GSP) was down 1.3 percent, machinery producer TMT Automobile JSC (TMT) fell 2.8 percent, and automobile distributor Hoang Huy Investment Services Joint Stock Company (HHS) dropped 2.3 percent.
Both local exchanges traded more than 221 million shares, worth 3.33 trillion VND (148.4 million USD), an increase of 8.6 percent from November 23.-VNA
Vietnamese shares gained slightly on November 20 as investors bet property companies will benefit from a stronger real estate markets over the coming months.
Vietnamese shares were mixed on November 23 on the two local exchanges, while banks fell amid concerns over the Government inspections next year on some financial institutions.
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.
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.
PVC pipe is manufactured at Binh Minh Plastic Company in Hung Yen Province. (Source: VNA)
