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Hanoi (VNA)🌜 - Vietnamese shares rebounded on both local markets on March 16, led by financial stocks, including banks, insurance companies and brokerage firms.
The benchmark VN Index on the Ho Chi Minh Stock Exchange and the HNX Index on the Hanoi Stock Exchange rose 0.5 percent each to finish at 577.07 points and 80 points, respectively.
The banking sector was lifted by Vietcombank (VCB) and the Bank for Investment and Development of Vietnam (BID). These stocks gained 2.9 percent and 1.1 percent, respectively.
The insurance sector also made good gains, led by Bao Viet Holdings (BVH), BIDV Insurance Corporation (BIC) and Bao Minh Insurance Corporation (BMI). BVH and BIC added 0.9 percent each while BMI rose 1.1 percent.
Securities stocks helped boost the markets as their business benefited from recently improved market liquidity, which has remained higher than last year's average daily trading value since the markets reopened after the Tet holidays.
Both local markets traded more than 201 million shares worth 2.75 trillion VND (122.5 million USD) on the day, higher than last year's average daily trading value of 111 million USD.
Among brokerage stocks, HCM City Securities Corporation (HCM) rose 1 percent, AgriBank Securities JSC (AGR) jumped 3.2 percent, and Bao Viet Securities Corporation (BVS) was up 0.8 percent.
Meanwhile, foreign investor confidence was low ahead of the US central bank's meeting on expectations that it will maintain the current interest rates. If the interest rates are raised, the Vietnamese dong will become weaker against the US dollar.
The same day, Vietnam's central bank increased its daily reference mid-point rate by 6 VND to 21,878 VND a US dollar. The mid-point rate has gained 29 VND in the last two days.
The stock markets also received support from other large-cap stocks such as PetroVietnam Gas Corporation (GAS), dairy corporation Vinamilk (VNM), Hoang Anh Gia Lai JSC (HAG) and Hoang Anh Gia Lai Agricultural JSC (HNG). These stocks advanced 0.9 percent, 0.7 percent, 2.4 percent and 4.3 percent, respectively.
On the negative side, natural rubber producers such as Dong Phu Rubber JSC (DPR), Tay Ninh Rubber JSC (TRC) and Phuoc Hoa Rubber JSC (PHR) suffered extended losses after having made good gains last week on improved rubber prices.-VNA
Vietnamese shares on March 11 extended gains on both local exchanges, led by the dairy corporation Vinamilk after it announced a plan to raise foreign ownership in the company.
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.
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.
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.
Investors follow transactions at VnDirect in Hanoi (Photo: VNA)
