Vietnamese shares rose on both local markets on February 22 as the brokerage sector jumped, led by Saigon Securities, after foreign investors showed interest in raising ownership in the company.
Hanoi (VNA)⛦ - Vietnamese shares rose on both local markets on February 22 as the brokerage sector jumped, led by Saigon Securities, after foreign investors showed interest in raising ownership in the company.
The benchmark VN Index on the HCM Stock Exchange made the biggest gain after the markets reopened after the Tet holiday, rising 1.2 percent to close at 560.71 points. The southern index has added 2.5 percent in the past three days and 2.9 percent since the end of Tet.
Meanwhile, the HNX Index on the Hanoi Stock Exchange bounced 0.6 percent after decline on February 19 to end at 78.26 points.
The brokerage sector index jumped 4.6 percent as Saigon Securities Incorporate (SSI) jumped 5.2 percent after Japan-based brokerage firm Daiwa Securities Group said it would raise its ownership in Saigon Securities Incorporate (SSI) by 5 percent to 15 percent, and as HCM City Securities Corporation (HCM), also surged 6.9 percent.
The insurance sector also helped lift the market, led by BIDV Insurance Corporation (BIC), which rose 6.7 percent after the company last week announced it allowed more foreign ownership in the capital.
Other insurance firms also had a good session, such as PVI Holdings (PVI), which was up 0.4 percent after the company reported a net profit of 600 billion VND (26.7 million USD) in 2015, twice the number in 2014, and Bao Viet Holdings (BVH), which added 3 percent.
In addition, the energy sector continued to boost the markets after global crude prices rose on expectations that a production freeze agreed between some of the Organisation of Petroleum Exporting Countries (OPEC) and Russia may help reduce the surplus.
US benchmark crude West Texas Intermediate (WTI) jumped 3.6 percent on February 22 to trade at 30.70 USD a barrel and London-traded Brent crude leaped 4 percent to trade at 34.32 USD a barrel.
Among local energy stocks, PetroVietnam Gas Corporation (GAS) added 0.9 percent, PetroVietnam Drilling and Well Service Corporation (PVD) was up 2.4 percent, and PetroVietnam Technical Service Corporation (PVS) gained 1.3 percent.
Investors still sought to buy stocks that had hit their lowest values since being listed, such as plant grower Hoang Anh Gia Lai JSC (HAG) and its member company HAGL Agricultural JSC (HNG), which surged 6 percent and 6.8 percent, respectively.
Other biggest stocks also contributed to the market gains on February 22. The Bank for Investment and Development of Vietnam (BID) and food and beverage producer Masan Group (MSN) jumped 4.2 percent each, while dairy firm Vinamilk (VNM) added 0.8 percent, and property developer Vingroup JSC (VIC) inched up 0.2 percent.
On February 22, Vietnam's central bank cut the reference mid-point rate for its exchange trading band by 6 VND to 21,894 VND for a US dollar.
Both local markets traded more than 208 million shares worth 3.3 trillion VND (147 million USD), an increase of nearly 40 percent from last week's daily trading value.-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.
Vietnamese shares retreated on February 2 from gains on January 29 on both local markets as fears that the Vietnamese dong may weaker hurt financial firms.
Vietnamese shares were mixed on February 19 on the two local exchanges, while the southern bourse rose after companies said they would allow bigger foreign ownership stakes.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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.
Illustrative image (Source: VNA)
