Vietnamese shares advanced on both local trading bourses on March 4 after the previous day’s mixed session as rubber stocks rose on higher rubber prices in global trading.
Hanoi (VNA) - Vietnamese shares advanced on both local trading bourses on March 4 after the previous day’s mixed session asꦬ rubber stocks rose on higher rubber prices in global trading.
The benchmark VN Index on the HCM Stock Exchange added 0.6 percent to close at 573.65 points, rallying 2.6 percent over the last four days. The southern index has risen 1.3 percent this week.
The HNX Index on the Hanoi Stock Exchange rebounded 0.5 percent after a slight fall on March 3 to finish at 79.65 points. The northern index rose by 0.7 percent from the previous week.
Natural rubber producers lifted the markets because global rubber prices had increased strongly since the beginning of this year, Bao Viet Securities Corporation (BVSC) wrote in a report.
Rubber prices on the Tokyo Commodity Exchange (TOCOM) increased by 2.9 percent to trade at 169 yen per kilogramme on March 4, reaching a two-and-a-half-month high. Rubber prices on TOCOM have improved by nearly 9 percent this week, the highest growth since May 2015.
BVSC said this week's gain in prices for rubber, a crude-made product, came after crude prices recovered strongly this week on expectations that the Organisation of Petroleum Exporting Countries (OPEC) and Russia would reach an agreement to cut their production.
Among natural rubber stocks, Quang Nam Rubber Investment JSC (VHG), Tay Ninh Rubber JSC (TRC), Dong Phu Rubber JSC (DPR) and Phuoc Hoa Rubber JSC (PHR) surged 6.1 percent, 6.9 percent, 6.8 percent and 6.5 percent, respectively.
The insurance sector also helped lift both markets, led by BIDV Insurance Corporation (BIC), which gained 2.3 percent; Bao Minh Insurance Corporation (BMI), which rose by 2.7 percent; and PVI Holdings (PVI), which added 2.6 percent.
Both local markets traded more than 188 million shares worth 2.66 trillion VND (119.7 million USD), an increase of 3.5 percent from the previous day's trading value.-VNA
Vietnam's stock market will consolidate in a gradual uptrend during the rest of the year, fuelled by expectations over stable macroeconomic recovery, according to Vietcombank Securities.
Shares rebounded on both markets in Hanoi and Ho Chi Minh City on February 18 as energy stocks made big gains after Iran backed a Saudi-led proposal to freeze crude output at current levels.
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.
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.
Illustrative image (Source: VNA)
