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.
Investors watch trading at SSI Securities Co in Hanoi's Ngo Quyen Street. (Photo: VNA)
Vietnamese shares on September 30 slightly improved, ending a two-day decline after the State Securities Commission (SSC) confirmed new regulations on settlement time for security transactions from next year.
The Vietnam benchmark VN Index on the HCM Stock Exchange was up 0.3 percent to finish at 562.64 points and the HNX Index on the Hanoi Stock Exchange rose to 77.97 points, nearly unchanged from the previous session’s value.
On late September 29, the SSC announced that settlement time for security transactions would be shortened from three days (9am on T+3) to two days (4.30pm on T+2) from January 1, 2016.
The announcement was expected to help investors reduce interest to brokerage firms for borrowing their money to buy shares and improve the market trading liquidity, Nguyen Son, SSC's Director of Market Development Department, said.
However, some investors said that the reduction would be less useful as they would receive purchased shares at 4.30pm after the stock market is closed at 3pm.
"The SSC's announcement only had a small boost on the national stock market as investors were cautious with both international and domestic economic conditions", MB Securities JSC wrote in its report on September 30.
Investors were cautious as Japan and the US hoped to resolve the issues with the Trans-Pacific Partnership (TPP) during a four-day meeting held in Atlanta, US yesterday, Saigon Securities JSC reported, adding that could be the last chance for the TPP-involved countries to reach a final agreement this year.
As a result, leading stocks on the market made slight gains such as Vietcombank (VCB), Petrovietnam Gas Corp (GAS), the Bank for Investment and Development of Vietnam (BID) and Ma San Group (MSN).
VCB and GAS rose 0.2 percent to 42,900 VND and 45,800 VND, respectively; BID was up 0.9 percent to 23,700 VND; MSN gained 0.7 percent to 74,000 VND.
Securities companies fell 0.2 percent on September 30 as the new policy is expected to cut firms' revenue from interest that investors must pay companies for borrowing money to buy shares.
Large brokers such as Saigon Securities Inc (SSI), HCM City Securities Corp (HCM) and VNDirect Securities JSC (VND) lost their early gains and closed unchanged from the previous session’s values.
Market trading was low with more than 114 million shares in volume and 1.77 trillion VND (78.7 million USD) in value on September 30, a decrease of 8.2 percent from a day earlier.
Among all listed companies, Hoang Huy Investment Services JSC (HHS) topped the market trading with more than 4.5 million shares and rose 3.1 percent to 16,500 VND.-VNA
Shares closed almost unchanged on September 25 on the Hochiminh Stock Exchange despite trading in the negative zone for most of the time. Mid-cap and small-cap stocks were the main support.
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.
The Singaporean stock market has been in the worst situation since June 2012, with the Strait Times Index (STI) falling below the support 2,800-point level on September 28.
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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.
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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.
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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.
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.
Investors watch trading at SSI Securities Co in Hanoi's Ngo Quyen Street. (Photo: VNA)
