The trading platform on the MBS exchange floor. (Photo: VNA)
Hanoi (VNA) - 𓃲Vietnamese shares rebounded from recent losing streaks on both local markets on April 21 as rising oil prices lifted energy stocks.
The benchmark VN Index on the HCM Stock Exchange rose 1.4 percent to close at 575.73 points, ending a two-day decline of more than 2 percent.
The HNX Index on the Hanoi Stock Exchange bounced back 0.4 percent from a three-day slide of 1.1 percent to finish at 79.69 points.
The energy industry continued its upward trend as oil prices had the third gaining session after US production declined to its lowest point since October 2014 and the Organisation of Petroleum Exporting Countries (OPEC) said it could hold new talks in May on an output freeze.
US crude West Texas Intermediate (WTI) inched up 0.1 percent to trade at 44.22 USD a barrel and London-traded Brent crude rose slightly to trade at 45.82 USD a barrel.
US crude has advanced 11 percent in the last three sessions after OPEC’s talk in Doha broke down on April 17, while Brent crude has increased by 6.8 percent.
Among energy stocks, PetroVietnam Gas Corp (GAS) and PetroVietnam Drilling and Well Service Corp (PVD) surged 6.2 percent and 5.7 percent, respectively.
PetroVietnam Mud Drilling Corp (PVC) and PetroVietnam Technical Service Corp (PVS) jumped 4.5 percent and 4.4 percent, respectively.
The property sector also made good gains after official data from the Vietnam Real Estate Association (VNREA) showed that this sector has made significant improvements during the first quarter, Bao Viet Securities Corp (BVSC) wrote in its daily report.
The property market has seen a stable and firm recovery in the first quarter, BVSC said. The market’s growth in the first quarter is 3.4 percent – the strongest growth since 2012 – while real-estate stockpiles by March 20 fell 6.4 percent from the previous month to a value of 44.85 trillion VND.
Among property developers, Vingroup JSC (VIC), Saigon Thuong Tin Real Estate JSC (SCR), An Duong Thao Dien JSC (HAR) and Hoang Quan Consulting-Trading-Service Real Estate Corp (HQC) advanced between 1.8 percent and 2.2 percent.
Other companies with positive quarterly performance also helped boost the markets.
HCM City Securities Corp (HCM) gained 2 percent after it reported a net profit of 64.7 billion VND (2.87 million USD), an increase of 40 percent from last year’s figure.
Phu Nhuan Jewelry JSC (PNJ) increased by 1.9 percent after the jewelry trader reported a net profit of 120 billion VND in the first quarter of 2016, a growth of 9.2 percent from 2015’s first quarter.
Both local markets exchanged nearly 149 million shares worth nearly 2.2 trillion VND, a decrease of nearly 19 percent from April 20.-VNA
Vietnamese shares fell on both local markets on March 31 as lower oil prices pulled energy stocks down and investors tried to take profits from recent gains.
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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.
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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.
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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.
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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.
The trading platform on the MBS exchange floor. (Photo: VNA)
