Investors watch share movements at APEC Securities Company (Source: VNA)
Vietnamese shares extended a rally for a third day on the two local exchanges on October 12 as global oil prices rose, boosting local energy shares.
The benchmark VN Index on the Ho Chi Minh Stock Exchange rose 0.7 percent to close at 592.10 points. On the Hanoi Stock Exchange, the HNX Index was up 0.2 percent to finish at 80.89 points.
VNDirect Securities Corporation (VND) wrote in a daily report that it expects the VN Index to eventually rise to between 610 and 615 points.
Energy stocks rose 0.5 percent after the US benchmark crude West Texas Intermediate (WTI) was up 0.6 percent to trade at 49.93 USD a barrel, according to Reuters.
Among energy producers, large shares such as Petrovietnam Gas Corporation (GAS), Petrovietnam Drilling & Well Services (PVD) and Petrovietnam Coating Company (PVB) were among best gainers. These firms were up 0.4 percent, 1.3 percent and 0.9 percent, respectively.
The banking sector was up 1.3 percent. Vietcombank (VCB) was the strongest gainer among nine listed bank with a jump of 3.4 percent. The bank's improvement came after news saying it would allegedly lend the Ministry of Finance 1 billion USD at an annual interest rate of 3 to 4 percent, which may boost the bank's income in the near future.
In May, the finance ministry also sold 1 billion USD of government bonds to VCB at an annual rate of 4.8 percent.
Other financial firms such as insurer Bao Viet Holdings (BVH) was up 6.2 percent. BVH has increased 17.6 percent in the last five days.
FLC Group (FLC) was the most active stock on the market with more than 8🔥 million shares in trading. FLC ended flat on October 12.
The two local bourses traded more than 195 million shares or 3.58 trillion VND (159.2 million USD), an increase in value of 11 percent from last week's average data.-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.
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.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Investors watch share movements at APEC Securities Company (Source: VNA)
