VN-Index plunges to two-month low
Vietnam’s benchmark VN-Index closed at 1,243 Wednesday, down more than 34 points, the deepest plunge in two months.
The index, which represents the Ho Chi Minh Stock Exchange (HoSE), remained in the red from the outset. More than 852 million shares changed hands on the HoSE, taking the total trading value to VND20.33 trillion ($861.8 million), a 39.6% increase over the previous session.
The VN-30 basket, comprising the 30 largest capped stocks, saw 29 tickers drop. The exception was NVL (Novaland), which rose more than 2%.
BID, VCB and CTG of state-run banks BIDV, Vietcombank and Vietinbank, respectively, and BVH of insurer Bao Viet Holdings were down more than 3% each.
Among securities firms, SSI of leading broker Saigon Securities Inc. dropped 5.05%. Other losing stocks included: VND of VNDirect was down 6.54%, HCM of Ho Chi Minh City Securities Inc., down 6.46%, FTS of broker FPTS, down 4.58%, VIX of VIX Securities, down 6.51%, and BSI of broker BDIV Securities, down 6.66%.
VCI of Viet Capital Securities increased 0.4%.
Foreign investors were net sellers Wednesday. Their sell-off amounted to VND1,060 billion ($44.94 million) against purchases of about VND600 billion (almost $25.44 million).
Vietnam welcomed 1.87 million foreign visitors in the first nine months of the year, up 16.4 times year-on-year, with South Korea and the U.S. leading the pack.
Travel - Sat, October 1, 2022 | 8:26 pm GTM+7
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Industries - Sat, October 1, 2022 | 6:46 pm GTM+7
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Energy - Sat, October 1, 2022 | 3:54 pm GTM+7
Spectre, a Danish maker of functional garments for outdoor sports brands, started operating its $17 million factory in An Giang province Friday, the company’s third in Vietnam.
Industries - Sat, October 1, 2022 | 3:06 pm GTM+7
A Dong Thap province court on Friday handed a death sentence to Nguyen Trung Thanh, chief accountant of Filipino-invested Pilmico Vietnam, on corruption charges.
Society - Sat, October 1, 2022 | 2:43 pm GTM+7
An appeal court in Hanoi has reduced the jail term for former deputy minister of health Truong Quoc Cuong to three years, from the four years ruled by an instance court in May.
Society - Sat, October 1, 2022 | 11:05 am GTM+7
Liquidity in the townhouse and villa segment, once feverishly high in both Hanoi and Ho Chi Minh City, has been drying up in recent months.
Real Estate - Sat, October 1, 2022 | 9:50 am GTM+7
American energy corporation AES has received in-principle approval from the Ministry of Industry and Trade for its VND50,432 billion ($2.11 billion) Son My 2 LNG-to-power project in the south-central province of Binh Thuan.
Energy - Fri, September 30, 2022 | 9:24 pm GTM+7
Coro Energy has completed commissioning of its Vietnam rooftop solar pilot project, the UK-based energy firm announced Friday.
Energy - Fri, September 30, 2022 | 6:59 pm GTM+7
Vietnam’s benchmark VN-Index reversed a consecutive five session decline with a six-point gain Friday to close at 1,132 points.
Finance - Fri, September 30, 2022 | 6:30 pm GTM+7
The industrial and logistics market in Ho Chi Minh City, Dong Nai, Binh Duong, Long An, and Ba Ria-Vung Tau will continue to grow in 2022-2023 thanks to Vietnam’s resilient economic expansion, according to Cushman and Wakefield.
Real Estate - Fri, September 30, 2022 | 3:32 pm GTM+7
Building a Vietnam bonded warehouse for U.S. cotton would benefit both countries, Vietnam Textile and Apparel Association (Vinatas) chairman Vu Duc Giang said Friday.
Industries - Fri, September 30, 2022 | 3:19 pm GTM+7
Thailand's Central Retail is seeking opportunities to build malls and supermarkets in Binh Thuan province.
Industries - Fri, September 30, 2022 | 3:05 pm GTM+7