Investors watch market fluctuations on the Maybank Kim Eng stock trading floor (Source: enternews.vn)
Hanoi (VNA) – ꩲShares were volatile in afternoon’s trade on October 6, affected by the divergence of large-cap stocks due to prospect of third-quarter earnings.
The benchmark VN-Index, the measure of 313 stocks on the HCM Stock Exchange, edged up marginally to 687.3 points after touching nearly 691 points in morning trade. The index rose for three days in a row by 1 percent.
On the smaller exchange in Hanoi, the HNX-Index tracking 378 stocks increased 0.5 percent to close the session at 86 points. It gained 1.4 percent in the last three trading days.
Blue chips were mixed. The largest listed diary firm Vinamilk (VNM), lenders Vietcombank (VCB), Sacombank (STB), Military Banks (MBB) and real estate companies such as Tan Tao Investment Industry (ITA), Kinh Bac City Development (KBC) and FLC Group (FLC) maintained their rises.
Energy stocks continue to perform well in the afternoon, boosted by strong increases in global oil prices.
US West Texas Intermediate (WTI) crude oil climbed 2.34 percent on the New York Mercantile Exchange on October 5 to 49.83 USD per barrel, the highest since the end of June, while Brent crude increased 1.95 percent to 51.86 USD per barrel.
Except for PV Gas (GAS), which inched down 1.5 percent, most oil and gas stocks gained value, including PetroVietnam Drilling and Wells Service (PVD), up nearly 4 percent; Petroleum Equipment Assembly & Metal Structure (PXS), PetroVietnam Drilling Mud (PVC) and PetroVietnam Technical Services (PVS), all rising between 0.5 percent and 2 percent.
On the other end of the spectrum, some blue chips tumbled and weighed on the market, including top 10 highest valued stocks like VinGroup (VIC), Masan Group (MSN), Bao Viet Holdings (BVH) and steelmaker Hoa Phat Group (HPG).
“Market movement in this period will experience a divergence due to third-quarter earnings results of listed companies on the two exchanges,” Tran Duc Anh, an analyst at Bao Viet Securities Co wrote in a report.
Anh predicted the market would likely rally with alternate ups and downs to move towards the next target at 700-720 points.
Market sentiment was positive after the Government showed its determination to push up economic growth in the coming months to attain the GDP growth rate target of 6.3-6.5 percent by year-end.
Liquidity improved on October 6 with a total of 198 million shares worth a combined 3.3 trillion VND (148 million USD) in the two markets, up 26.2 percent in volume and 22.2 percent in value over previous day’s levels.
Foreign investors were net buyers for a second day. Their net buy value soared to 88.5 billion VND on October 6 from a small 6 billion VND on October 5.-VNA
Vietnamese shares continued to rise on September 27, driven by large-cap stocks while investor confidence in local companies was bolstered by good prospects of higher quarterly performances.
Shares on September 30 fell after a nine-day rally, driven by profit-taking, while oil and gas firms suffered losses as crude prices pulled from a one-month high and after a two-day gain.
Shares sunk for a second day on the HCM Stock Exchange on October 3 under heavy profit-taking selling pressure while investors became cautious ahead of the release of the third-quarter earnings of com
Shares rose October 5 on the two stock exchanges as investors pinned their hopes on prospects of positive earnings of large companies in the third quarter.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
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.
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.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
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.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
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.
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.
Investors watch market fluctuations on the Maybank Kim Eng stock trading floor (Source: enternews.vn)
