return icon

Vietnam’s stock market has tough time in February

The Vietnamese stock market had a tough time throughout February with most stocks weakening amid concern about the global spread of the coronavirus disease(COVID-19).

Vietnam’s stock market has tough time in February hinh anh 1

Illustrative image 


The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) ended the month plummeting 5.81 percent to 882.19 points while VN-Allshare and VN30 Indexes dropped 2.97 percent and 1.96 percent, respectively, from January.

VN30 Index comprises 30 leading companies in terms of market capitalisation and liquidity. The VNAllshare consists of those in the VN100 and the VNSmallcap of companies with low market capitalisation.

But the VN-Index was not among those hardest hit by the epidemic since the US’s Dow Jones industrial average plunged more than 10 percent, the Stock Exchange of Thailand (SET) Index down 11 percent and the Korea Composite Stock Price Index (KOSPI) 6 percent.

As of the end of February, there had been 383 stocks, three closed-end fund certificates, two ETFs, 63 guaranteed warrants, and 44 bonds listed on the HoSE. The number of shares listed on the southern bourse was 88.84 billion while the HoSE’s market capitalization totaled 3.016 quadrillion VND (nearly 129.8 billion USD), down 5.8 percent from the previous month and equivalent to 54.5 percent of the GDP in 2018.

Market liquidity has improved with average trading value reaching 4.8 trillion VND per session, up 34.2 percent, while trading volume picked up 24.06 percent to 253.8 million share.

According to the HoSE, net foreign selling in February was 2.73 trillion VND. The shares traded by foreign investors were worth 29.3 trillion VND, presenting 10.29 percent of the market’s total trading value. Top buys included HDBank (HDB) (85.8 billion VND), sugar producer Thanh Thanh Cong – Bien Hoa JSC (SBT) (57.1 billion VND), Sacombank (STB) (38.9 billion VND), Digiworld Corporation (DGW) (34 billion VND) and Vinhomes (VHM) 33.4 billion VND).

Profits of Vietnam’s stock market predicted to stay flat in 2020

Profits of Vietnam’s stock market predicted to stay flat in 2020

It is expected the Vietnamese stock market will be less volatile in March compared to the previous months.

Equitisation vital for VN stock market growth

Equitisation vital for VN stock market growth

The successful equitisation and capital divestment of State-owned enterprises (SOEs) would create benefits that boosted the stock market and business performance, experts have said.  


Vietnamese, Singaporean PMs hold talks in Singapore

Prime Minister Pham Minh Chinh, now on an official visit to Singapore, held talks with his host counterpart Lee Hsien Loong following an official welcome ceremony chaired by the latter on February 9.


PM offers flowers at Ho Chi Minh Statue in Singapore

Two Binh Duong vice chairs reprimanded

Two vice chairmen of the People’s Committee of Binh Duong Province in the 2021-2026 tenure have been reprimanded for their shortcomings while on duty, with effect from today, February 9.

Vietnamese exports to the Americas exceed US$8 billion in January

The nation’s exports to the Americas region reached US$8.21 billion in January, whilst it imported US$1.64 billion from the market, according to data released by the Ministry of Industry and Trade.

Daklak suspends elephant ride service tomorrow

The Buon Don Tourist Center in the Central Highlands province of Daklak will suspend elephant riding service starting tomorrow, February 10.

Phong Nha-Ke Bang among Asia’s most thrilling zip line experiences

Phong Nha – Ke Bang National Park in the central province of Quang Binh has been listed among the top eight most thrilling zip line experiences in Asia, as compiled by Hong Kong-based South China Morning Post newspaper (SCMP).


Investors urged to restructure investment portfolio amid challenging environment

ChatGPT accounts sell cheaply as bowls of pho

People who want ChatGPT accounts can easily buy accounts online for only tens or hundreds of thousands of dong.

Revoking licenses of petrol distributors will not affect fuel supply

Although petrol distributors are allowed to buy products from more than one wholesaler, when supply interruptions occur, the distributor system has often not ensured a sufficient supply for filling stations.

Beauty contests heat up in first days of the Year of the Cat

Pham Kim Dung, a representative of the company that founded Hoa hau Quoc gia Vietnam (Miss National Vietnam) beauty pageant, said beauty queens need to make every effort to prove their talent as so many contests now exist.

Vietnam looks forward to catfish orders from China, the US

In January 2023, catfish exports brought $106.8 million to Vietnam, a 50 percent fall compared with the same period last year. However, Vietnamese farmers and exporters now see positive signs from the US and China.

High rates hurting businesses, hamper economic recovery

High interest rates have been hurting businesses' ability to invest in ramping up production capacity, said industry insiders and economists.

Chinese black-credit websites cheating Vietnamese out of money

Many websites have been created to trick people into transferring money to them.

Record number of Vietnamese runners qualify for Boston 2023

Nine of them are from Hanoi and HCM City, the two largest running communities in Vietnam, while the other is Dao Han, who currently lives in Florida, the US.

Vietnam’s transport sector seeking recovery and reboot

While making good recovery during 2022, Vietnam’s transport sector is betting on new policies and plans to increase private investment to obtain its ambitious goals.