Vietnamese shares were mixed on October 2 as negotiators struggled to finalise a free trade agreement that would span Asia, North and South America.
The benchmark VN Index on the Ho Chi Minh Stock Exchange fell 0.2 percent to close at 562.31 points, ending its two-day winning streak. Meanwhile, the HNX Index on the Hanoi Stock Exchange was up 0.3 percent to finish at 78.25 points, extending its rally for a third day.
Negotiations for the Trans-Pacific Partnership were extended because participants, which include the US, Mexico, Canada and V ietnam among 12 countries, could not reach an agreement over issues such as car parts, dairy products and medical supplies.
Expectations that TPP talks will soon conclude have had a positive effect on local car part makers and distributors so far this week. Among them, TMT Motor JSC (TMT), Saigon General Service Corp (SVC) and the Southern Rubber Industry JSC (CSM) have been the best gainers. These stocks were up 3.1 per cent, 5.4 per cent and 1.7 per cent, respectively, on October 2.
However, local food producers turned from gains the previous day to losses by giving up 0.7 percent. The two giants in the industry – Ma San Group (MSN) and Vinamilk (VNM) – were down 0.7 percent and 1 percent.
In addition, leading sectors such as banks and energy firms also declined.
Hoang Quan Consultancy-Trade-Real Estate Services (HQC) and KLF Joint Venture Global Investment (KLF) were the most active stocks with more than 3.5 million shares in trading volume and both remained flat at the end of the day.
♐ Both local exchanges traded more than 116 million shares in volume and 1.75 trillion VND (77.8 million USD) in value, a decrease of 5.7 percent from the previous day.-VNA
Vietnamese shares declined on September 28 on both local exchanges after the State Bank of Vietnam reduced the saving interest rate for US dollar saving accounts, which hurt bank shares.
Vietnamese shares on Sept 30 slightly improved, ending a two-day decline after the State Securities Commission confirmed new regulations on settlement time for security transactions from next year.
Vietnamese shares on October 2 inched higher for a second day amid optimism for local car assemblers and car makers following progress made at the Trans-Pacific Partnership (TPP) meeting.
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: Internet)
