Vietnamese shares on January 27 rebounded on both local markets from previous day's drop as energy stocks extended rallies amid volatile crude oil prices.
Investors follow stock transactions at the Saigon Securities Inc in Hanoi (Photo: VNA)
Hanoi (VNA) 🦹- Vietnamese shares on January 27 rebounded on both local markets from previous day's drop as energy stocks extended rallies amid volatile crude oil prices.
The benchmark VN Index on the HCM Stock Exchange gained 0.9 percent to close at 542.69 points and the HNX Index on the Hanoi Stock Exchange rose 1 percent to end at 76.26 points.
The energy sector lifted local markets after oil prices improved recently from their twelve-year lows.
US benchmark crude West Texas Intermediate (WTI) on January 27 fell 3.5 percent to trade at 30.34 USD a barrel, but it has gained more than 14 percent from its twelve-year low of 26.55 USD touched a week ago.
London-traded Brent crude lost 2.4 percent to trade at 31.04 USD a barrel, however, it has risen more than 11 percent from a twelve-year low of 27.88 USD a barrel hit on January 20.
Among local energy stocks, PetroVietnam Gas Corporation (GAS) gained 2.8 percent and has jumped 22 percent in the last four sessions, PetroVietnam Drilling and Well Services Corporation (PVD) was up 1.4 percent and has increased by 18 percent, and PetroVietnam Technical Services Corporation (PVS) was up 2.8 percent and has improved by 18 percent.
In addition, investor confidence was bolstered as the US central bank was expected not to raise its lending rate for a second time since December while the 12th National Congress of the Communist Party of Vietnam was coming to an end, ending uncertainty about the country's future leadership, Bao Viet Securities Corporation wrote in a report.
Insurance firms and banks, including insurer Bao Viet Holdings (BVH), gained 2 percent, the Bank for Investment and Development of Vietnam (BID), jumped 4.2 percent, and Saigon-Hanoi Bank (SHB), rose 1.6 percent.
Other stocks that also helped lift the market included dairy firm Vinamilk (VNM), which was up 1.7 percent, and construction company Vietnam Construction and Import-Export JSC (VCG), which gained 1 percent.
However, local markets may not extend gains the rest of this week due to the fluctuation of oil prices and the volatility of global stock markets, Saigon-Hanoi Securities Corporation (SHS) wrote in a report.
Both local markets traded more than 170 million shares worth 2.2 trillion VND (98 million USD), equal to previous day's trading value.-VNA
Vietnamese shares on January 26 pulled back from a four-year jump early this week as a sharp fall in oil prices dragged down investor confidence on global markets.
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.
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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.
Investors follow stock transactions at the Saigon Securities Inc in Hanoi (Photo: VNA)
