VN-Index back in the green as real estate stocks rally
Many major real estate stocks rallied Tuesday, helping Vietnam’s benchmark VN-Index rebound into the green.
The HCMC Stock Exchange saw 306 gainers and 144 losers on October 18, 2022. Photo courtesy of The Investor/Gia Huy.
NVL of Novaland Group, VHM of Vinhomes and PDR of Phat Dat Real Estate Development JSC were in the red after at-the-open (ATO), but attracted cash flows later to close in the green.
The positive development spread from large-cap to small- and medium-cap real estate stocks, with LDG of Long Dien Group, DIG of Construction Investment and Development JSC, and CII of HCMC Infrastructure JSC hitting their ceiling prices, without sellers.
SCR of Sai Gon Thuong Tin Real Estate JSC and DXG of Dat Xanh Group gained over 6%.
In addition to real estate stocks, banking, consumer goods and airline groups also did well, spurring the VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), to gain more than 12 points and close above 1,063 points, the highest level in two weeks. The southern bourse saw 306 gainers and 144 losers.
Cash flow into the stock market also improved when compared to the first session of the week, with a trading volume of over VND10.1 trillion ($413.25 million) on the HoSE. Real estate ranked third among groups with the most shares changing hands, after finance-banking and industry.
Despite the market gaining, the top three stocks in term of trading value - HPG of Hoa Phat Group, DGC of Duc Giang Chemicals Group and SSI of Saigon Securities Inc - were all losers.
After seven consecutive sessions of net buying, foreign investors turned net sellers Tuesday. They sold nearly VND1.27 trillion ($51.96 million) worth of shares, mainly of HPG. Their purchasing value was VND30 billion ($1.23 million) less than their selling value.
- Read More
Construction of first locally-owned semiconductor factory begins in Vietnam
CT Semiconductor, a subsidiary of CT Group, has begun the second phase of construction on what is set to become Vietnam’s first semiconductor chip factory fully owned by a domestic company.
Southeast Asia - Tue, May 6, 2025 | 10:50 pm GMT+7
Japanese retailers step up business activities in Vietnam
Japanese retailers Aeon and Sumitomo have planned to expand their networks in Vietnam, Nikkei Asia reported on Monday.
Southeast Asia - Tue, May 6, 2025 | 10:39 pm GMT+7
Vietnam's budget carrier Vietjet sees 24% profit hike in Q1 on int’l growth surge
Vietjet Aviation JSC (HoSE: VJC) reported a 24% year-over-year increase in consolidated profit for Q1, driven by strong international expansion and operational excellence, reinforcing its leadership in regional connectivity.
Southeast Asia - Tue, May 6, 2025 | 10:35 pm GMT+7
Northern Vietnam city Hai Phong claims top spot for first time in Provincial Competitiveness Index
The coastal city of Hai Phong has, for the first time, topped the 2024 Provincial Competitiveness Index (PCI) with a score of 74.84, marking a significant milestone in its economic governance journey.
Southeast Asia - Tue, May 6, 2025 | 10:20 pm GMT+7
Malaysia initiates tariff talks with US
Malaysia is pushing forward tariff negotiations with the U.S., while implementing various policies to support local industries and strengthening efforts to seek new export markets.
Southeast Asia - Tue, May 6, 2025 | 10:12 pm GMT+7
ASEAN’s largest economy slows to lowest growth since Q3/2021
Official data released recently indicates that Indonesia's economic growth decelerated in Q1 due to weakened domestic consumption.
Southeast Asia - Tue, May 6, 2025 | 9:59 pm GMT+7
Vietnam's agri major BAF reports record livestock profit since listing
BAF Vietnam Agriculture JSC in Q1 posted its highest livestock profit since listing in late 2021, thanks to a surge in pig output and revenue that nearly doubled year-over-year.
Companies - Tue, May 6, 2025 | 9:36 pm GMT+7
Amkor views Vietnam 'strong market' despite US tariff uncertainties
Amkor Technology, a U.S.-headquartered semiconductor firm, sees Vietnam a strong market in the mid and long term despite tariff uncertainties under the Trump administration, said an executive.
Investing - Tue, May 6, 2025 | 4:40 pm GMT+7
Over $7.7 bln in Vietnam's private placement corporate bonds to mature in last 3 quarters
More than VND200 trillion ($7.7 billion) in privately-placed corporate bonds will mature in the final three quarters of this year, with the real estate sector accounting for half, according to independent credit rating provider S&I Ratings.
Finance - Tue, May 6, 2025 | 4:16 pm GMT+7
Sumitomo to halve equity interest in $2.58 bln thermal power plant in central Vietnam
Sumitomo has decided to transfer 50% of the Japanese giant's equity interest in its wholly-owned operator of the $2.58 billion Van Phong 1 coal-fired power plant in Vietnam’s central province of Khanh Hoa.
Energy - Tue, May 6, 2025 | 3:54 pm GMT+7
Singapore's CapitaLand Development forms strategic partnership with Vietnam's Vinhomes
CapitaLand Development has expanded in Vietnam with two major moves - a strategic collaboration agreement with leading local developer Vinhomes and the unveiling of The Fullton, a $800 million low-rise residential project in Hung Yen province.
Real Estate - Tue, May 6, 2025 | 2:56 pm GMT+7
Vietnam's disbursed FDI in 4 months posts five-year record high
Registered foreign direct investment (FDI) in Vietnam hit $13.82 billion in the first four months of the year, up 39.9%, while disbursed capital reached $6.74 billion, up 7.3% and marking a record high in five years.
Economy - Tue, May 6, 2025 | 2:12 pm GMT+7
Vietnam's Politburo requests prioritizing administrative measures to handle economic violations, instead of criminal prosecution
The Politburo, Vietnam's highest decision-making body, has ordered amendments to legal regulations to ensure that administrative measures are prioritized in handling civil and economic cases.
Economy - Tue, May 6, 2025 | 12:30 pm GMT+7
EC postpones Vietnam’s seafood inspection until year end
The European Commission (EC) has delayed its fifth inspection of Vietnam's efforts to combat illegal, unreported and unregulated (IUU) fishing to the end of 2025, according to the Ministry of Agriculture and Environment (MAE).
Southeast Asia - Tue, May 6, 2025 | 8:53 am GMT+7
Thailand lowers growth forecast for 2025
The Thai Ministry of Finance has cut its forecast for the country’s economic growth this year to 2.1% from 3%, saying that the impact of U.S. tariffs and a global slowdown would weigh on Southeast Asia's second-largest economy.
Southeast Asia - Tue, May 6, 2025 | 8:49 am GMT+7
Vietnam’s top lighting manufacturer Rang Dong posts 48% drop in Q1 profit
Hanoi-based Rang Dong Light Source & Vacuum Flask JSC, a veteran in Vietnam’s consumer goods sector, reported a 48% decline in Q1 post-tax profit to nearly VND101 billion ($3.9 million), blaming intensifying competition from Chinese imports and foreign-invested enterprises.
Companies - Tue, May 6, 2025 | 8:17 am GMT+7
- Consulting
-
Rethinking resilience: How typhoon Yagi redefines supply chain strategies in northern Vietnam
-
Remove roadblocks to lure foreign investment into Vietnam: HSBC exec
-
AI can be a game changer for Vietnam tourism
-
In trade and investment, ASEAN and China are better together
-
Investment opportunities in LNG-to-power projects in Vietnam
-
Pepper prices 2024: will the dream of 'black gold' repeat?
