Vietnamese shares rose further on both local markets on April 11, extending their gains from last week as property developer Vingroup jumped during the session.
Hanoi (VNA) - Vietnamese shares rose further on both local markets on April 11, extending their gains from last week as property develo✤per Vingroup jumped during the session.
The benchmark VN Index on the HCM Stock Exchange gained 1.2 percent to finish at 579.27 points, jumping 4.2 percent in the last five sessions.
The HNX Index on the Hanoi Stock Exchange added 0.5 percent to close at 80.66 points, extending its rally of 2.8 percent for a sixth day.
The property sector was boosted by Vingroup (VIC) on expectations that the company will introduce a new project in the central area of HCM City in the second quarter of this year. VIC surged 6.3 percent at the end of April 11.
FLC Group was up 1.6 percent after the company's management board approved the plan to set up a new branch in the central regional province of Thanh Hoa. FLC was also the most active stock with more than 9.2 million shares being exchanged.
Other property firms such as Kinh Bac City Development Share Holding Corp (KBC), Sao Mai Group Corp (ASM) and Nam Long Investment Corp (NLG) also made gains.
In addition, energy stocks continued their good form as oil prices surged last week on expectations of an agreement on an output freeze reached at the meeting this week between OPEC and other producers and on a decrease of US production.
US crude West Texas Intermediate fell 0.5 percent to trade at 39.51 USD a barrel and Brent crude dropped 0.4 percent to trade at 41.79 USD a barrel, but both showed some recovery on late-day trading.
US crude and London-traded Brent crude surged 8 percent and 8.5 percent, respectively, during last week.
Among energy stocks, PetroVietnam Gas Corp (GAS) and PetroVietnam Drilling and Well Service Corp (PVD) gained 2 percent and 2.5 percent, respectively.
PetroVietnam Mud Drilling Corp (PVC) and PetroVietnam Coating Corp (PVB) advanced 1.3 percent and 1.4 percent.
Construction steel producers such as Vietnam-Italy Steel JSC (VIS), Hoa Phat Group JSC (HPG) and Pomina Steel Corp (POM) also helped lift the markets after they remained among top five producers in the first quarter of the year as they benefited from an anti-dumping policy issued late last month. VIS rose 1.4 percent, HPG added 2.2 percent and POM surged 6.3 percent.
An Pha Petrol JSC (ASP) on April 11 jumped 5.1 percent after the company at the annual shareholder's meeting on April 9 said it may allow foreign capital into the company up to 100 percent from the current level of 49 percent.
Both local markets traded nearly 203 million shares worth 3.36 trillion VND (149.7 million USD), an increase of nearly 27 percent from last week's daily trading value.-VNA
Vietnamese shares fell on both local markets on March 31 as lower oil prices pulled energy stocks down and investors tried to take profits from recent gains.
Vietnamese shares extended rallies on both local exchanges on April 7 as positive business information drove companies up and energy stocks benefited from recent gains in oil prices.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
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.
Illustrative photo (Source:Internet)
