Vietnamese shares were little changed on both local exchanges on October 27 amid concern that an oversupplied property market may undermine on real estate company profits.
Stock transactions at Sai Gon Securities Incorporation in Hanoi. (Photo: VNA)
Vietnamese shares were little changed on both local exchanges on October 27 amid concern that an oversupplied property market may undermine on real estate company profits.
The benchmark VN Index on the HCM Stock Exchange closed at 598.44 points, down 0.03 percent from Monday, and the HNX Index on the Hanoi Stock Exchange dropped another 0.2 percent to finish at 81.30 points.
Do Thu Hang, Head of Market Research at Savills Vietnam, told local media that apartment prices had stabilised during the third quarter and would not likely increase in the remaining months of this year because supply was increasing sharply.
She said that the property market in Hanoi alone had an excess inventory of about 8,000 apartment units and would rise 25 percent by the end of this year, so investors would not raise prices.
One-third of the 60 listed property developers declined including Vingroup Corporation (VIC), Kinh Bac City Development Share Holding Corporation (KBC) and FLC Group (FLC), which fell 0.2 percent, 0.7 percent and 1.4 percent, respectively.
The energy sector index fell 1.1 percent after US benchmark crude West Texas Intermediate (WTI) was down 1.2 percent overnight to trade at 43.45 USD a barrel.
Among losers, PetroVietnam Gas Corporation (GAS) and PetroVietnam Technical Services Corporation (PVS) lost 1.3 percent and 2.7 percent, respectively.
Some companies fell as investors sold companies that had rallied recently on third-quarter profits and news that China reduced its lending rate and the US central bank is considering a raise in its interest rate, Saigon Securities Incorporate (SSI) wrote in its report.
In addition, Bao Viet Holdings (BVH) helped the insurance sector fall 1.5 percent. BVH fell 1.7 percent yesterday after it had gained 10 percent in the previous five days.
On the positive side, automobile manufacturers and distributors made gains after the General Statistics Office reported the import volume of pre-manufactured cars rose 28 percent this month from September while the value of those imports increased 3.6 percent.
Among the seven listed companies in this sector, TMT Automobile Joint StockCompany (TMT) gained 6.4 percent and Saigon General Service Corporation (SVC) was up 5.6 percent. These two companies have gained 23 percent and 28 percent in the last seven days.
Both local bourses yesterday traded more than 164 million shares and 2.47 trillion VND (109.7 million USD).-VNA
Vietnamese shares rebounded on October 22, boosted higher by real estate firms as investors eyed solid third-quarter earnings prospects of these companies.
Capital from the private sector is expected to further increase in the coming years thanks to Public - Private Partnerships (PPP), according to independent market observers.
Vietnamese shares on October 26 dropped on the two local exchanges, ending a two-day winning streak, led lower by brokerage firms suffering lower third quarter profits.
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.
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.
Stock transactions at Sai Gon Securities Incorporation in Hanoi. (Photo: VNA)
