Investors follow the fluctuation of stock prices (Photo: NVA)
Hanoi (VNA) - Vietnamese shares fell sharply ಞon both local markets on April 19 as energy stocks suffered from recent falls in oil prices.
The benchmark VN Index on the HCM Stock Exchange slumped 2 percent to finish at 568.28 points, ending a two-day gain of 0.3 percent.
The HNX Index on the Hanoi Stock Exchange dropped 1 percent to end at 79.42, extending losses of 1.1 percent for a second day.
Recent declines in global crude prices pulled markets down, especially after some countries in the Organisation of Petroleum Exporting Countries (OPEC), such as Saudi Arabia, and non-OPEC producers, such as Russia, failed to reach an output-freeze agreement on April 17.
However, crude prices showed signs of brief recovery as a strike in Kuwait temporarily cut the country's production and eased investors' concerns over a global glut.
US crude West Texas Intermediate (WTI) bounced 1.6 percent to trade at 40.62 USD a barrel from a four-day slump of 5.7 percent, while London-traded Brent crude rebounded 2 percent to trade at 43.77 USD a barrel after it fell 4 percent in the same period.
On the local markets, all large-cap energy stocks retreated from gains made last week.
PetroVietnam Gas Corp (GAS) lost 4.4 percent and PetroVietnam Technical Service Corp (PVS) was down 2.5 percent, while PetroVietnam Coating Corp (PVB), PetroVietnam Mud Drilling Corp (PVC) and PetroVietnam Drilling and Well Service Corp (PVD) slipped between 5.1 percent and 5.5 percent.
"Local markets faced the strongest profit-taking activity in blue chips since January, as investor confidence was low due to a lack of supporting news on the markets," Saigon-Hanoi Securities Corp (SHS) wrote in its daily report.
Blue chips also started to decline as they made gains last week, such as insurer Bao Viet Holdings (BVH), Vietcombank (VCB) and property developer Vingroup JSC (VIC).
BVH slid 2.9 percent after gaining 4 percent last week, VIC slumped 4.4 percent after it surged 9.5 percent, VCB inched down 0.2 percent from a rise of 2.7 percent.
Brokerage firms also made losses. HCM City Securities Corp (HCM) fell 5 percent, Saigon Securities Inc (SSI) was down 1.4 percent, and VNDirect Securities Corp (VND) decreased by 1.7 percent.
Both local markets traded nearly 199 million shares worth nearly 2.9 trillion VND (128.8 million USD), a decrease of 6.3 percent from last week's daily trading value.-VNA
The Hanoi Stock Exchange and the Ho Chi Minh Stock Exchange will further professional exchange and support as well as cooperate in areas of shared interest.
Vietnamese shares on April 14 bounced back on both local markets from the falls on previous day as companies announced positive plans this year and large-cap stocks increased.
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.
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.
Investors follow the fluctuation of stock prices (Photo: NVA)
