Vietnamese shares on November 25 rose slightly on both local exchanges as retailers made gains after the latest statistics from ANZ bank showed growing consumer confidence.
Hanoi (VNA) - Vietnamese shares on November 25 rose slightly on both local exchanges as retailers made gains after the latest statistics f༺rom ANZ bank showed growing consumer confidence.
The benchmark VN Index on the HCM Stock Exchange inched up 0.3 percent to close at 595.70 points and the HNX Index on the Hanoi Stock Exchange was up 0.5 percent to end at 82.06 points.
The retail sector index gained 1.4 percent after Melbourne-based ANZ bank showed that Vietnam's consumer confidence index (CCI) in November gained 1.2 points to stand at 142.3 points, higher than the last year's average of 133.3 points.
"Local consumers are showing they are optimistic about their individual incomes during the last months of the year to buy more household appliances," Saigon-Hanoi Securities Corporation (SHS) said in a report.
Local retailers made gains, led by the conglomerate FPT Corporation (FPT) and Tran Anh Digital World JSC (TAG), which operate in various business sectors including electronics and technological products distribution, and consumer goods retailer Ca Mau Trading Joint Stock Company (CMV).
At the end of November 25, FPT gained 1.8 percent, TAG was up 2 percent and CMV surged 6.4 percent.
The national stock market also received support from energy stocks such as PetroVietnam Gas Corporation (GAS), Materials-Petroleum Joint Stock Company (COM) and Petrolimex Gas Corporation (PGC) on investor expectation that they will benefit from higher global oil prices.
On the global crude market, the US benchmark West Texas Intermediate (WTI) jumped 2.7 percent to trade at 42.87 USD a barrel on November 24 and the Brent crude gained 2.9 percent to trade at 46.12 USD a barrel. WTI crude has gained 6.4 percent from November 20 and Brent crude has risen 3.3 percent.
GAS inched up 0.9 percent, Materials-Petroleum Joint Stock Company (COM) jumped 5 percent and Petrolimex Gas Corporation (PGC) gained 2 percent.
Both local bourses exchanged nearly 208 million shares, worth nearly 2.9 trillion VND (129 million USD), a decrease of 13 percent from November 24.-VNA
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Vietnamese shares were mixed on November 23 on the two local exchanges, while banks fell amid concerns over the Government inspections next year on some financial institutions.
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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.
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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.
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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.
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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.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
Illustrative image (Source: VNA)
