Vietnam Panorama

08/03/2024

To all the incredible women out there, Happy Women's Day! Your strength, courage, and grace inspire us every day.

30/10/2023

Kinh tế báo chí: Yếu tố con người trong hệ sinh thái truyền thông của thời đại công nghệ 4.0

Trong bối cảnh của thời đại mới với sự phát triển vượt bậc của công nghệ thông tin, các cơ quan báo chí đang phải đối mặt với sự sụt giảm về doanh thu. Những vấn đề liên quan đến tài chính và nguồn thu của báo chí được đề cập trong bài viết này dưới khái niệm của kinh tế báo chí.

Trong bối cảnh của thời đại mới với sự phát triển vượt bậc của công nghệ thông tin, các cơ quan báo chí đang phải đối mặt với sự sụt giảm về doanh thu. Những vấn đề liên quan đến tài chính và nguồn thu của báo chí được đ.....

25/10/2022

A quick look at Vietnam-China high level exchanges since 2011

source: state media

02/06/2022

Jun 02: VN Index Eases on Property, Banks Selling; Inflows Firm; May Re-test 1,300

Vietnam’s benchmark VN Index dipped 0.84%, or 10.9 points, to close at 1,288.62 on Thursday on selling of various banking and real estate stocks by the end of the afternoon session following concerns raised by some National Assembly (NA) deputies about risks in the corporate bond market and the capital market, in which property firms and commercial banks are active participants; however, buying demand remained solid for shares of companies having rosy earnings prospect in Q2, traders said.

General trading activities were moderate with 572.55 million shares worth VND16.46 trillion ($709.65 million), above the ten-day average of 559.85 million shares, valued at VND14.67 trillion, and the 20-day average of 578.33 million shares worth VND15.3 trillion.

Negative problems arose from recent violations found in the Vietnamese corporate bond market, which involve multiple sides, including banks, securities companies, and real estate developers, are still hot topics for discussions by lawmakers recently, and they are once again mentioned in the ongoing meeting of the National Assembly, with most suggestions are pointing to tougher measures, analysts said, noting that such content leads to the share sales in the three sectors today.

Local petroleum stocks pulled back after a week of gain as global oil prices dropped following a report that Saudi Arabia may bolster oil production if Russia's output plunges, responding to urging by the United States.

However, on the bright side, mid-cap seafood, consumer goods, and textile stocks were still money magnets thanks to their positive growth prospect in the coming months, which is led by the recovery of both domestic and overseas demands for necessity goods.

Inflows in industrial real estate tickers were also strong as the development of more big infrastructure projects and industrial zones were approved, and Vietnam is making efforts to attract more long-term foreign investments.

Buying demand for insurance stocks also mounted following the hike of deposit interest rates by BIDV, one of the four largest Vietnamese banks by total assets, a Hanoi-based trader noted, explaining that such increases would help boost the profitability of insurers that have large deposits at banks.

Top ten stocks that weighed down the index the most were VCB, HPG, GAS, VHM, VPB, BID, VNM, TCB, VIC, and MBB, while the top tickers that bucked the trend were GVR, NVL, MWG, PNJ, ACB, BVH, PGV, BWE, DGC, and VGC.

Foreigners were net sellers of VND535.34 billion of securities on the main market after they bought VND1.08 trillion of securities and sold VND1.61 trillion today.

The benchmark VN Index may re-test the 1,300-point territory on Friday, traders said.
Hoa Phat (HPG) was the most active, dropping 3.49% to VND33,150 each on the volume of 25.38 million shares. Foreigners bought 888,200 shares and sold 5.68 million shares.

SSI Securities (SSI), the second most active, fell 1.86% to VND29,000 each with 19.23 million shares changing hands. Foreigners bought 464,900 shares and sold 873,100 shares.

Sacombank (STB), the third most active, sank 3.15% to VND21,550 each on the trade of 15.93 million shares, of which foreigners bought 751,500 shares and sold 1.67 million shares.

In total, 332 stocks closed down, 123 stocks ended up, and 53 remained unchanged.

30/05/2022

May 30: VN Index Gains on Institutional Buying, FinMin's Efforts; To Test 1,285-1,315

Vietnam’s benchmark VN Index climbed 0.66%, or 8.47 points, to close at 1,293.92 on Monday on broad buying of blue chips by institutional players as the market showed signs of stability after a sharp decline and the price ground becomes appealing to long-term investments, backed by a statement of the Ministry of Finance on accelerating the testing of the KRX system and efforts to upgrade the local market's status to an emerging one, traders said.

General trading activities were moderate with 587.23 million shares worth VND16.49 trillion ($711.04 million), above the ten-day average of 558.72 million shares, valued at VND14.08 trillion, and the 20-day average of 571.33 million shares worth VND15.19 trillion.

Notably, put-through transactions were heavy today, with VND1.09 trillion worth of fund certificates of DCVFMVN Diamond ETF, VND1.02 trillion worth of FPT shares, VND422 billion worth of MSN shares, and VND364 billion worth of TPB shares, among others.

The consistent net-buying activities of foreign investors and institutional buyers in the year to date despite market fluctuations, especially during the recent plunge of the market, showed their interest and confidence in the long-term growth of the Vietnamese stock market and listed companies, analysts said, noting that the big players are have been taking the chance to accumulate local stocks for long-term targets.

Sentiment improved today after the deputy minister of finance Nguyen Duc Chi said the ministry required related agencies, including the State Securities Commission, the Vietnam Stock Exchange, and other agencies, to speed up the pilot testing of the KRX system and do necessary works to help the Vietnamese securities market upgraded to an emerging status soon.

Meanwhile, profit-taking operations weighed down several fertilizer, industrial real estate, securities, and textile stocks after the recent strong rebound.

Cautious sentiment remains in place due to the recent hike of Vietnamese fuel prices to the highest levels ever, which raises concerns about the ability of the country to control inflation this year, and the race of local banks to increase deposit interest rates would also affect the capital flows on the stock market.

Top ten stocks that lifted the key index the most were VHM, VJC, VCB, BID, VPB, VIC, REE, CTG, HVN, and TPB, while the top tickers that bucked the trend were MWG, VNM, BCM, SSB, FPT, PNJ, SAB, TMS, DCM, and GVR.

Foreigners were net buyers of VND1.67 trillion of securities on the main market after they bought VND3.26 trillion of securities and sold VND1.59 trillion today.

The benchmark VN Index is expected to test 1,285-1,315 points on Tuesday, traders said.
Hoa Phat (HPG) was the most active, remained unchanged at VND35,450 each on the volume of 15.05 million shares. Foreigners bought 979,900 shares and sold 167,800 shares.

SSI Securities (SSI), the second most active, stayed flat at VND29,900 each with 14.63 million sharyes changing hands. Foreigners bought 442,800 shares and sold 199,200 shares.

VPBank (VPB), the third most active, rose 1.61% to VND31,600 each on the trade of 11.85 million shares, of which foreigners bought 51,500 shares and sold 51,500 shares.

In total, 289 stocks closed up, 145 stocks ended down, and 65 remained unchanged.

26/05/2022

May 26: VN Index Edges Up on Financial, Energy Buying; May Test 1,260-1,290

Vietnam’s benchmark VN Index inched up 0.01%, or 0.14 point, to close at 1,268.57 on Thursday on selective buying of financial and energy stocks on bets for solid Q2 earnings following the recovery of the country's economy, backed by expectations for a possible increase of credit growth room for commercial banks in the coming months, traders said.

General trading activities were weak with 541.91 million shares worth VND13.77 trillion ($585.82 million), below the ten-day average of 585.82 million shares, valued at VND14.74 trillion, and the 20-day average of 578.49 million shares worth VND15.49 trillion.

Buying demand focused on selective banking stocks as local experts forecast that the State Bank of Vietnam (SBV) would raise the credit growth cap for banks that have their Q1 limit reached, which is a supportive factor for the new cash flow in the economy, analysts said, noting an estimation of BIDV and the Asian Development Bank about a possible profit growth of 20%-25% for the Vietnamese banking sector this year.

Local electricity tickers escalated today following the prospect of rising demand from business activities when the pandemic is tamed across the country.

Risk appetite also ticked up in insurance stocks on bets that the interest rates in Vietnam would climb in line with the global trend set by the U.S. Federal Reserve, from which insurers having big deposits at banks would enjoy rosy incomes.

Meanwhile, many investors are still cautious and offloaded some commercial property and petroleum stocks after seeing the weak inflows into the sectors today.

Foreign investors are digesting the latest note of the Fed yesterday about the upcoming increases of its policy rate, which might exceed the expectations of the market.

Top ten stocks that lifted the key index the most were VHM, HPG, PLX, REE, BID, ACB, SBT, TCB, SSI, and FPT, while the top tickers that bucked the trend were MSN, VPB, NVL, GAS, MBB, VCB, VNM, CTG, and DPM.

Foreigners were net sellers of VND278.5 billion of securities on the main market after they bought VND1.15 trillion of securities and sold VND1.43 trillion today.

The benchmark VN Index may test 1,260-1,290 points on Friday, traders said.

SSI Securities (SSI) was the most active, soaring 2.26% to VND29,450 on the volume of 29.1 million shares. Foreigners bought 2.19 million shares and sold 1.68 million shares.

Hoa Phat (HPG), the second most active, rose 1.6% to VND35,000 each with 16.22 million shares changing hands. Foreigners bought 359,100 shares and sold 3.3 million shares.

Sacombank (STB), the third most active, fell 1.54% to VND22,400 each on the trade of 15.27 million shares, of which foreigners bought 359,100 shares and sold 1.9 million shares.

In total, 252 stocks closed up, 191 stocks ended down, and 64 remained unchanged.