Hanoi (VNA)🐻 - Vietnamese shares on January 20 fell for a fifth day in the last six as global crude prices slid further, undermining energy stocks.
The benchmark VN Index on the HCM Stock Exchange dropped 1.2 percent to close at 529.44 points and the HNX Index on the Hanoi Stock Exchange lost 0.5 percent to end at 73.93 points.
Crude prices on January 20 fell to fresh twelve-year lows. US benchmark crude West Texas Intermediate (WTI) lost 2.5 percent to trade at 27.76 USD a barrel and London-traded Brent crude was down 1.5 percent to trade at 28.33 USD a barrel.
The energy sector index lost 2 percent, led by PetroVietnam Gas Corporation (GAS), which slumped 3.8 percent, PetroVietnam Technical Services Corporation (PVS), which declined by 2.2 percent, and PetroVietnam Drilling and Well Services Corporation (PVD), which dropped 5.4 percent.
Investor confidence was also hurt after Asian stocks fell on January 20, including a fall of 1.5 percent in Chinese stocks, as the country's December industrial output, investment and retail sales data released on January 19 were weaker than expected. The International Monetary Fund (IMF) cut its forecast for global economic growth this year due to the slowdown in emerging economies such as China.
Financial firms were caught up in the sell-off, including insurance companies and banks. The insurance sector index lost 1.4 percent and the banking sector dropped 1.3 percent on January 20.
Insurer Bao Viet Holdings (BVH) was down 1.7 percent, the Bank for Investment and Development of Vietnam (BID) fell 1.2 percent, and Vietinbank (CTG) slumped 2.9 percent.
Other stocks that also helped pull back the markets on January 20 included property developer Vingroup JSC (VIC), which inched down 0.2 percent, agricultural firm Hoang Anh Gia Lai JSC (HAG), which dropped 6.3 percent.
Both local exchanges traded more than 166 million shares worth 2.27 trillion VND (101 million USD), an increase of 12 percent from previous day's trading value.-VNA
Vietnamese garment and textile firms are increasing their investments in locally made raw materials in an effort to satisfy strict rules of origin set by free trade agreements.
The Korean Exchange (KRX), the operator of Korea’s Securities and Derivatives Markets, said it had set up a working group of financial and legal experts to attract Vietnamese enterprises to the KRX.
The local stock market suffered losses amounting to billions of dollars on a single day on January 18, while the State Securities Committee (SSC) asked investors to be cautious about selling shares.
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.
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.
Illustrative image (Source: VNA)
