Shares on September 30 fell after a nine-day rally, driven by profit-taking, while oil and gas firms suffered losses as crude prices pulled from a one-month high and after a two-day gain.
Investors watch markets move at a trading centre of MayBank Kim Eng Securities Company in HCM City (Photo: VNA)
Hanoi (VNA) – Shares on September 30 fell after a nine-day rally, driven by profit-taking, while oil and gas firms suffered losses꧃ as crude prices pulled from a one-month high and after a two-day gain.
The benchmark VN Index on the Ho Chi Minh Stock Exchange fell 0.4 percent to close at 685.73 points, ending a nine-day rally of 5.7 percent – the longest rising streak since the beginning of the year.
The HNX Index on the Hanoi Stock Exchange inched down 0.1 percent to end at 85.00 points from a three-day increase of 2.5 percent.
Profit-taking pulled down half of the large-cap stocks in the sub-category VN30 Index, which contains the 30 largest companies by market capitalisation and trading liquidity.
Vietinbank (CTG), HCM Securities Corp (HCM), real estate firm Vingroup JSC (VIC), confectionary producer Kido group (KDC) and technology giant FPT Corp (FPT) were among the biggest decliners with decreases of between 1.2 percent and 1.5 percent.
Oil and gas companies turned from winners to losers as crude prices slipped from a two-day rise after skeptic views about whether OPEC’s first eight-year cut could have positive impact on the global glut.
US crude West Texas Intermediate (WTI) was down 0.3 percent to trade at 47.71 USD a barrel and London-based Brent crude fell nearly 1 percent to trade at 48.79 USD a barrel.
Among local oil and gas companies, PetroVietnam Gas Corp (GAS) slumped 3 percent, PetroVietnam Drilling and Well Services Corp (PVD) slid 2 percent and PetroVietnam Technical Services Corp (PVS) lost 2.8 percent.
On the day, investors traded more than 157 million shares worth 3.22 trillion VND (143.4 million USD), a decrease of 8.8 percent from the previous session’s trading value.-VNA
The benchmark VN Index managed to hit a ten-year high on late buying on September 26 after being pulled down below last week’s closing level by profit-taking.
Vietnamese shares continued to rise on September 27, driven by large-cap stocks while investor confidence in local companies was bolstered by good prospects of higher quarterly performances.
Vietnamese shares extended gains on September 28, driven by the banking sector on expectations that lower short-term deposit rates would boost lending for the economy and local businesses.
Vietnamese shares extended gains on September 29, rescued by oil and gas firms during the end of the session after oil prices rebounded strongly on OPEC’s first eight-year output reduction.
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.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
Investors watch markets move at a trading centre of MayBank Kim Eng Securities Company in HCM City (Photo: VNA)
