Hanoi (VNA) - Shares edged down on December 2 onthe two exchanges as energy lost steam despite an oil industry agreement on aproduction cut. The benchmark VN-Index on the Ho Chi Minh Stock Exchangeinched down 0.2 percent to 665.1 points, erasing the previous day’s gain of 0.2percent. The Index slipped 1.6 percent for the whole week. On the Hanoi Stock Exchange, the HNX-Index closed down 0.5 percentat 81.2 points. The gauge decreased 0.2 percent this week. After December 1’s momentum, oil and gas stocks such asPetroVietnam Drilling and Wells Service (PVD), PetroVietnam Technical Services(PVS), PetroVietnam Drilling Mud (PVC) PetroVietnam Coating (PVB) all slippedbetween 0.8 percent and 2.2 percent. The largest oil stock PV Gas (GAS) was also down 0.9 percent.Only Petroleum Equipment Assembly & Metal Structure (PXS) gainedmarginally. According to Tran Hai Yen, a stock analyst at Bao VietSecurities Co, increases in global oil prices in recent days were a short termreflection and in the long term, oil prices would still depend on demand andsupply, especially on demand which is volatile and unpredictable. “In addition, the compliance level among OPEC members isalso a factor which should be kept in mind,” Yen wrote in a note. “Prospects for oil and gas stocks therefore need more timeto be observed to have better analysis,” she added. On the other end of spectrum, financial, steel and realtyshares continued their upward movements and cushioned the market. Gainers included Vietcombank (VCB), Military Bank (MBB),Sacombank (STB), HCM Securities Corp (HCM), steelmakers Hoa Phat Group (HPG), HoaSen Group (HSG), Tan Tao Investment Industry (ITA) and Kinh Bac CityDevelopment (KBC). All were among the top 30 shares by market capitalisation. Overall market conditions were negative as the number oflosing shares outnumbered gaining ones by 232-170. 292 stocks closed flat. Liquidity increased slightly with nearly 179 million sharesworth 3.5 trillion VND (154.2 million USD) traded in the two markets, up 3.2 percentin volume and 9.4 percent over the previous session. Foreign sectors continued to offload local shares on the twoexchanges, responsible for a total net value of 142.6 billion VND. They focusedsells on large-cap stocks as their most-sold stocks were the 10 highest valuedstocks on the HCM Stock Exchange. Vinamilk (VNM) again topped the list with net sell value ofover 55 billion VND.-VNA
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The Ho Chi Minh Stock Exchange (HOSE) has approved the listing of Vietnam’s largest brewer Sai Gon Beer, Alcohol and Beverage Corporation (Sabeco) at a starting price of 110,000 VND per share (4.89 USD).
The Hanoi Beer, Alcohol and Beverage Corporation (Habeco), the northern large-cap brewer, is collecting opinion from its shareholders on moving from the Unlisted Public Company Market (UPCoM) to the Ho Chi Minh City Stock Exchange (HOSE).
Oil and gas stocks lifted the market on December 1 as global oil prices surged after the Organisation of Petroleum Exporting Countries (OPEC) members finally reached a consensus on production cuts.
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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.
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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.
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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) 
