US inflation data deflates VN-Index
Vietnam’s benchmark VN-Index dropped almost eight points Wednesday as global markets reacted badly to the latest U.S. inflation data.
The index, which represents the Ho Chi Minh Stock Exchange (HoSE), closed at around 1,240 points, 7.6 points lower than Tuesday and the second decrease in a row.
Foreign investors net sold VND54.03 billion ($2.29 million) on the HoSE, September 14, 2022. Photo by The Investor/Trong Hieu.
The VN-30 basket, which comprises 30 largest capped stocks on the HoSE, saw 24 tickers drop. Trading on the exchange increased 12.57% over the previous session to VND14.35 trillion ($608 million), with 608 million shares changing hands.
Topping the trading value was HPG of the Hoa Phat Group with VND635 billion ($26.91 million), followed by SSI, HAG, VPB, and VND of Saigon Securities Inc., Hoang Anh Gia Lai JSC, VPBank, and securities firm VNDirect, respectively.
On Wednesday, foreign investors were net sellers on the HoSE by VND54.03 billion ($2.29 million). They focused primarily on HPG, SSI, PVD (Petrovietnam Drilling & Well Services Corp.) and VCB of Vietcombank.
Global markets steadied early Wednesday after US stocks logged their worst day since June 2020, plunging on news that inflation in August was higher than expected, according to CNN.
Shares in Europe were mixed. Germany's DAX (DAX) dropped 0.2% in early trading, while France's CAC 40 (CAC40) was flat. The FTSE 100 (UKX) in London was 0.7% lower, while Italy's benchmark index rose 0.7%.
- Related News
- Read More
Vietnam's major food maker Kido delays 2024 dividend payout due to economic headwinds
Kido Group has postponed its planned cash dividend payment for 2024, citing persistent economic difficulties and the need to preserve cash flow for operations in late 2025 and early 2026.
Companies - Tue, December 23, 2025 | 8:00 am GMT+7
Petrovietnam chairman Le Manh Hung appointed acting Industry and Trade Minister
Prime Minister Pham Minh Chinh has appointed Le Manh Hung, chairman of the council of members at state-owned Petrovietnam (PVN), as acting Minister of Industry and Trade.
Economy - Mon, December 22, 2025 | 9:55 pm GMT+7
Vietnam's top non-life insurer PVI surpasses $1 bln in revenue
PVI Insurance, a leading non-life insurer in Vietnam, has surpassed $1 billion in revenue, becoming the first non-life insurance company in the country to reach this revenue scale.
Companies - Mon, December 22, 2025 | 7:30 pm GMT+7
JC&C completes sale of 4.6% Vinamilk stake to F&N for $228 mln
Singapore-listed Jardine Cycle & Carriage Limited (JC&C) has reportedly completed the sale of more than 96 million shares, equivalent to a 4.6% stake, in Vietnam’s dairy giant Vinamilk (HoSE: VNM).
Companies - Mon, December 22, 2025 | 6:50 pm GMT+7
Shares linked to ‘Shark Hung’ slide despite market rallies
Shares of Cen Land (HoSE: CRE), a major Vietnamese real estate brokerage linked to businessman Pham Thanh Hung, fell sharply on Monday, bucking a broad market rally that lifted the benchmark VN-Index to a fresh high.
Companies - Mon, December 22, 2025 | 4:17 pm GMT+7
Intel urged to expand chip packaging, testing operations in Vietnam
Vietnam has urged Intel to step up investment in semiconductor packaging and testing operations in the country, as Hanoi accelerates efforts to build a domestic chip ecosystem aligned with global supply chains.
Investing - Mon, December 22, 2025 | 3:37 pm GMT+7
Korean energy giant LS intends to inject $19.3 mln into Vietnam rare earth business
LS Eco Energy, a subsidiary of South Korea’s cable and energy giant LS Cable & System, has decided to invest KRW28.5 billion ($19.26 million) in advancing its rare earth metals business in Vietnam.
Industries - Mon, December 22, 2025 | 3:11 pm GMT+7
Vietnam's Petrosetco estimates 2025 net profit rises 46% to over $12 mln
PetroVietnam General Services Corporation (Petrosetco) expects its net profit to reach VD322 billion ($12.23 million) in 2025, up 46% year-on-year and exceeding the company's full-year target by 32%.
Companies - Mon, December 22, 2025 | 11:50 am GMT+7
Vietnam's 13th Party Central Committee convenes 15th meeting
The 15th meeting of Vietnam's 13th Party Central Committee opened in Hanoi on Monday.
Politics - Mon, December 22, 2025 | 11:13 am GMT+7
Duc Giang Chemical chairman’s family loses $129 mln in a week as shares plunge
Shares of Vietnam’s Duc Giang Chemical Group JSC (DGC) fell sharply last week (December 15-19), wiping nearly VND3.4 trillion ($129.2 million) off the stock-based wealth of the family of chairman Dao Huu Huyen.
Companies - Mon, December 22, 2025 | 6:58 am GMT+7
Vietnam launches International Financial Center, pledges 'special process' to resolve investor hurdles
Vietnam on Sunday announced the establishment of its International Financial Center (IFC), with Prime Minister Pham Minh Chinh pledging to fast-track the resolution of investor difficulties through a “special process”.
Economy - Sun, December 21, 2025 | 9:18 pm GMT+7
The new target for VN-Index is 3,200: Finnish fund PYN Elite
The earnings growth of listed companies in Vietnam will continue to support equity prices in 2026. According to the consensus forecast, a market P/E of 10.0 for 2026 looks very attractive, writes Petri Deryng, portfolio manager at Finnish fund PYN Elite.
Consulting - Sun, December 21, 2025 | 6:33 pm GMT+7
Mastering AI key to Vietnam’s leap beyond middle-income trap: FPT chairman
Mastering and innovating technology is no longer optional but the sole path for Vietnam to escape the middle-income trap and rise alongside global powers, said tech giant FPT Corporation chairman Truong Gia Binh.
Economy - Sun, December 21, 2025 | 2:33 pm GMT+7
Vietnam among world’s top 15 countries by im-export value: ministry
Vietnam’s import-export turnover is expected to reach $920 billion for the first time in 2025, placing the country among the world’s top 15 by trade value, according to the Ministry of Industry and Trade (MoIT).
Economy - Sun, December 21, 2025 | 11:07 am GMT+7
Dung Quat oil refinery operator BSR targets 187% net profit growth in 2026
Binh Son Refining and Petrochemical JSC (HoSE: BSR), operator of Dung Quat - Vietnam’s first oil refinery, expects net profit to surge in 2026, supported by stable oil price assumptions and a major investment plan to expand and upgrade its core refining assets.
Companies - Sun, December 21, 2025 | 8:00 am GMT+7
Dragon Capital-managed VEIL plans trio of 10% tender offers
Vietnam Enterprise Investments Limited (VEIL), the largest foreign-managed equity fund in Vietnam, has announced a tender offer for up to 10% of its issued share capital, with the option to conduct up to two additional tenders over the next year.
Finance - Sat, December 20, 2025 | 11:19 pm GMT+7
- Consulting
-
The new target for VN-Index is 3,200: Finnish fund PYN Elite
-
Vietnam M&A 2025: Opportunities reshaped by disciplined capital
-
VN-Index rises 3.1% in Nov, Finnish fund PYN Elite records -5.8%
-
Mind the gap
-
The generation game: Adapting to an aging population
-
Decentralization and the potential for multi-center urban development in HCMC’s satellite areas
