Hanoi (VNA) - Shares sank for the first time in the past five sessions on September 1 as investors increased selling to realise short-term ca🍒sh profits.
The benchmark VN-Index, the measure of 310 stocks on the HCM Stock Exchange was down 0.8 percent to close at 669.2 points. It rose nearly 2.5 percent over the last four sessions.
Large-cap stocks led the downturn with 18 of the 30 largest stocks tumbling and only five maintaining slight gains.
The key shares of Vietcombank (VCB), dairy firm Vinamilk (VNM), private equity Masan Group (MSN), PV Gas (GAS), Vietinbank (CTG) and real estate giant VinGroup (VIC) took away nearly five points, or 0.8 percent, of the market.
Shares in Vietcombank extended losses to three consecutive days, lifting total losses to 8.7 percent. Others declined between 1 percent and 3 percent.
“An unexpected market correction occurred today due to selling pressure on some key stocks, and selling pressure from foreign investors,” Tran Thang Long, head of analysis at BIDV Securities Co wrote in a note.
Foreign investors remained net sellers in HCM City’s market, responsible for a net value of 187.5 billion VND (8.4 million USD). It sold a total net value of 335.5 billion VND in the last three days.
Vietcombank and Vinamilk were sold the most heavily, for a net value of 129 billion VND and 61 billion VND, respectively.
Besides blue chips, the money focused on smaller capitalisation stocks in the sectors of technology, pharmaceuticals and rubber, like the Southern Rubber Industry (CSM), furniture maker Duc Long Gia Lai Co (DLG), sugar producer Thanh Thanh Cong Tay Ninh Co (SBT) and software producer FPT Co (FPT).
“Markets can test the resistance level of 660 points, again affected by portfolio reallocation of exchange-traded funds,” Long said.
On the Hanoi Stock Exchange, the HNX-Index, a tracker of 379 stocks, inched down 0.4 percent after two rising sessions, ending at 84 points.
Liquidity slightly decrease with a total of 142 million shares worth nearly 3.3 trillion VND traded in the two markets, down 9.6 percent in volume and 5.7 percent in value from the previous day’s levels.
The local market is closed on September 2 for National Day.-VNA
Singapore's sovereign wealth fund GIC is set to acquire a 7.73 percent stake on a fully enlarged basis in Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank).
The Hanoi Agriculture Trade Promotion Centre will zone off 119 areas in inner Hanoi to showcase safe farm produce and specialities of the northern region from September 9-15.
Shares rose for the third consecutive day on the HCM Stock Exchange on August 30 as investors continued to focus on large-cap stocks in expectation of further market growth.
Vietnam Dairy Products or Vinamilk "breaks the ice" to grab a spot in the top 50 best listed firms in the Asia Pacific region, Forbes Magazine has said.
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.
Illustrative image (Source: VNA)
