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Tag: VN

  • VN-Index Opens Week on a Downturn Amid Market Uncertainties

    VN-Index Opens Week on a Downturn Amid Market Uncertainties

    Vietnam’s stock market kicked off the week on a down note, as the benchmark VN-Index dipped by 0.39%, closing at 1,296.29 points. This drop translates to a loss of 5.1 points, following a previous session where the index slipped 11.81 points.

    Trading Activity Picks Up

    Despite the decline in the index, trading on the Ho Chi Minh Stock Exchange surged by 8.16%, reaching a robust VND 22.39 trillion (approximately US$863.2 million). The VN-30 basket, which includes the 30 largest shares by market cap, presented a mixed bag—22 stocks experienced declines.

    Notably, shares of Fortune Vietnam Bank (LPB) fell by 3.8%, while FPT Corporation saw its stock price slip by 2.3%. Budget airline Vietjet (VJC) wasn’t spared either, closing down by 2.2%. On a brighter note, seven blue-chip stocks made gains, with Vingroup’s VIC reaching its ceiling price with a remarkable 7% increase. Other gainers included Vinhomes (VHM), which rose by 1.38%, and Vincom Retail (VRE), which inched up by 1.02%.

    Foreign Investor Trends

    In the realm of foreign investments, a net selling trend emerged, with foreign investors offloading shares worth VND 562 billion, primarily targeting VHM and Gelex Group’s GEX.

    Meanwhile, the Hanoi Stock Exchange’s HNX-Index, which covers mid and small-cap stocks, fell by 0.84%. In contrast, the UPCoM-Index, catering to Unlisted Public Companies, managed a slight uptick of 0.22%.

    As the market oscillates like a seesaw, it’s clear that volatility remains the name of the game!

    Questions & Answers

    What caused the VN-Index to decline on Monday?

    The VN-Index fell primarily due to losses in most of the large-cap stocks in the VN-30 basket, with significant declines from Fortune Vietnam Bank and FPT Corporation.

    How did trading volume change from the previous session?
    Trading activity ramped up by 8.16%, reaching VND 22.39 trillion, despite the overall decline in the VN-Index.

    What has been the trend among foreign investors?
    Foreign investors were net sellers, offloading VND 562 billion, mainly targeting the shares of VHM and GEX.

  • VN-Index tiptoes up after plunge

    VN-Index tiptoes up after plunge

    Vietnam’s benchmark VN-Index rose 0.15% to 1,179.76 points Monday.

    The index closed 1.77 points higher after losing 55.49 points on Friday.

    Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 38.49% to VND22.17 trillion ($930.73 million).

    CTG of state-owned lender VietinBank led with a 4.2% rise, followed by BID of state-owned lender BIDV, up 3.2%.

    TPB of private TPBank went up 2.2% and BCM of Becamex Investment and Industrial Development closed 2.1% higher.

    SSB of Southeast Asia Commercial Bank (SeABank) lost 3.1%, and GVR of Vietnam Rubber Group was down 2.8%.

    Foreign investors were net buyers to VND82.45 billion, mainly buying VIC of private conglomerate Vingroup and CTG of state-owned lender VietinBank.

    The HNX-Index at the Hanoi Stock Exchange, where mid and small-caps list, was up 0.85% while the UPCoM-Index at the Unlisted Public Companies Market was up by 0.26%.

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  • VN-Index plunges with rising trade

    VN-Index plunges with rising trade

    Vietnam’s benchmark VN-Index dropped 1.56 percent to 1217.30 points Friday with trading value rising double-digit.

    The index closed 19 points lower after gaining nearly 23 points on Thursday. It has lost 67 points this week as global markets plunged due to concerns of inflation and disrupted supply chains.

    Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 17.5 percent to VND17.33 trillion, highest in four sessions. The VN-30 basket, comprising the 30 largest capped stocks, saw 22 tickers dropped.

    SSI dropped 7 percent to the lowest since March last year in its seventh losing session in a row.

    It was followed by eight banking stocks, losing between 6.4 percent and 3.6 percent, including MBB of lender MB, TPB of private TPBank and CTG of state-owned lender VietinBank.

    Five blue chips rose, with MSN of conglomerate Masan Group rising 5.7 percent and GAS of state-owned Petrovietnam Gas gaining 4.7 percent.

    Foreign investors were net buyers to the tune of VND309.68 billion, mainly picking up HPG of steelmaker Hoa Phat Group and VND of brokerage VNDirect.

    The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 2.68 percent while the UPCoM-Index at the Unlisted Public Companies Market was down by 2.41 percent.

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  • VN-Index gains with plunging trading value

    VN-Index gains with plunging trading value

    Vietnam’s benchmark VN-Index rose 0.93 percent to 1,353.77 points Wednesday but with trading value lowest in nine months as investors’ sentiment remain low after recent plunges. The index stayed in the red throughout the day but strong buying pressure in the last hour of trading pushed it up over 12 points.

    Together with the Tuesday session, VN-Index has risen nearly 43 points after losing 68 points on Monday in one of the worst trading sessions in Vietnam’s stock market history.

    Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell nearly 31 percent to VND14.54 trillion ($633.09 million), lowest since the end of July.

    The VN30 basket, comprising the 30 largest capped stocks, saw 14 tickers gained, led by HPG of steelmaker Hoa Phat Group with a 3.2 percent rise.

    It was followed by STB of Ho Chi Minh City-based lender Sacombank, up 2.9 percent, and MSN of conglomerate Masan Group, up 2.6 percent.

    CTG of state-owned lender VietinBank rose 2.4 percent, and GVR of Vietnam Rubber Group gained 2.1 percent.

    Eleven blue chips fell, with VRE of retail real estate arm Vincom Retail falling 1.8 percent.

    FPT of IT giant FPT Corporation, VNM of dairy giant Vinamilk and VPB of private lender VPBank all fell 1.2 percent.

    Foreign investors were net sellers to the tune of VND261 billion, mainly selling VND of brokerage VNDirect and DXG of real estate developer Dat Xanh Group.

    The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 3.45 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.22 percent.

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  • VN-Index slips in narrow band

    VN-Index slips in narrow band

    Vietnam’s benchmark VN-Index fell 0.01 percent to 1,395.33 points Tuesday, continuing along with a narrow band near the 1,400-range resistance.

    Last-minute selling pressure pulled the index down by 0.2 point. It has been fluctuating within a three-point margin for the past six sessions, after surging to the 1,390-range on Oct. 11.

    Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 14 percent to VND20.34 trillion ($899 million).

    The VN30 basket, comprising the 30 largest capped stocks, saw 17 tickers in the red, led by STB of Ho Chi Minh City-based lender Sacombank with a 2.6 percent drop.

    GAS of state-owned Petrovietnam Gas dropped 1.7 percent after hitting a new peak Monday.

    VRE of retail real estate arm Vincom Retail fell 1.6 percent to the lowest in over a week.

    MSN of conglomerate Masan Group lost 1.4 percent, while HPG of steelmaker Hoa Phat Group fell 1.2 percent.

    Foreign investors were net sellers to the tune of VND470 billion, with the strongest pressure on HPG and VHM of real estate giant Vinhomes.

    The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.55 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.23 percent.

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  • Vietnam retail e-commerce to earn US$10 billion by 2020

    Vietnam retail e-commerce to earn US$10 billion by 2020

    Data from the Association of Vietnam Retailers (AVR) indicates that in 2015, retail e-commerce surpassed US$4.07 billion, with a growth rate of 20%.

    Ho Thi Kim Thoa, Deputy Minister of Industry and Trade, told a forum on e-commerce and mobile phone technologies in Hanoi on December 8 that e-commerce was a vital development trend in the retail sector.

    Thoa said last year, the growth rate of the retail sector was 9.5%. Traditional retail made up 80%, while modern retail including supermarkets, convenience stores and e-commerce accounted for only 20%. “Notably, in the modern retail channels, the portion of e-commerce was at a low level of around 2.8%,” she added.

    The country had 217 e-commerce trading floors with total revenues of VND1.66 trillion in 2014, double the 2013 figure.

    “Vietnamese businesses have seen positive changes in e-commerce by big firms. The number of small- and medium-size enterprises (SMEs) participating in e-commerce was modest even though 97% of the country’s 600,000 firms are SMEs,” she said.

    The deputy minister noted that the Prime Minister had promulgated a decision on master planning of e-commerce in 2016-20.

    She gave the recent Online Friday on December 2 as an optimistic example of e-commerce development. The number of enterprises joining in the event this year was 3,000, higher than last year.

    She urged businesses to catch up with e-commerce trends and have plans to enhance e-commerce development.

    Dinh Thi My Loan, AVR’s chairwoman, said there were many factors promoting e-commerce development, including the popularity of mobile devices.

    Nguyen Thanh Hung, chairman of Vietnam E-commerce Association (VECOM), agreed that the development of mobile phones and applications had contributed to promoting purchasing activities.

    Hung said the country’s e-commerce had been developing at a growth rate of 30% a year. “Businesses have quickly shifted from offline to online retail. Several are even totally doing business online,” he said.

    However, Pham Thanh Cong  from Nielsen said the sector should ha solutions to meet demand in rural areas as there are 1.3 million traditional shops, accounting for 85% of the retail sector’s revenue.