Shares extended losses on August 2 on the two exchanges as investors increased selling out on fears of further downward risks (Photo: kinhdoanh.net)
Hanoi (VNA) – Shares extended losses on Augustꦿ 2 on the two exchanges as investors incr🍎eased selling out on fears of further downward risks.
The benchmark VN-Index, the measure of 310 stocks on the HCM Stock Exchange declined 1.9 percent to a one-month low of 636.1 points. The Index has lost 3.2 percent over the last three days.
On the Hanoi Stock Exchange, the HNX-Index sank for second day, down 1.8 percent to end the session at 81.8 points.
Large-cap stocks continued to fall across the board.
Despite positive earnings reports, leading industry stocks like property developer VinGroup (VIC), dairy Vinamilk (VNM), private equity firm Masan Group (MSN), Vietcombank (VCB), lender BIDV (BID) and steelmaker Hoa Phat Group (HPG) all declined between 1 and 4 percent.
VinGroup on August 2 posted a net profit of over 2.9 trillion VND (130 million USD ), almost a four-fold year-on-year increase. However, its share price decreased 1 percent to close at 51,000 VND a share.
The market is seeing the deficiency of information this month after most companies have completed the disclosure of first-half earnings reports.
"While market leading stocks, including real estate, oil and gas and banks fail to provide impetus, I think the market can adjust downward in the short-term period," said Pham Thien Quang, head of equity research at the Military Securities Company.
The market is used to facing downward trends in August but performance is quite diverse for different groups.
Realty stocks attracted big money on August 2. Kinh Bac City Development Holdings (KBC) led trades in the HCM City's market with 10 million shares changing hands, followed by FLC Group (FLC) and Tan Tao Investment Industry Corp (ITA) with 8.7 million shares and 6.7 million shares exchanged, respectively.
Saigon Thuong Tin Real Estate Co (SCR), Tasco (HUT) and Vinaconex (VCG) were most active on Ha n oi's exchange with 2-4 million shares changing hands on each code.
Liquidity improved. The volume of trades soared 98.4 percent over August 2, totalling 250 million shares in the two markets, while the trading value jumped 55.7 percent to reach nearly 3.8 trillion VND.
Foreign investors were net buyers on August 2 , picking up shares worth a combined 70 billion VND on the two exchanges.-VNA
Shares declined on August 1 on the two exchanges as investors sold large-cap stocks to earn short profits after the earnings prospect runs out of steam.
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.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
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.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
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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.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Shares extended losses on August 2 on the two exchanges as investors increased selling out on fears of further downward risks (Photo: kinhdoanh.net)
