return icon

VN-Index rallies strongly after Fed’s third consecutive interest rate rise

Tuning in with the upbeat sentiment of the US stock market, the VN-Index also climbed robustly in the trading session on July 28 after the US Federal Reserve decided to raise interest rates for the third consecutive time.

VN-Index rallies strongly after Fed’s third consecutive interest rate rise ảnh 1 The green color dominates the market after the US Federal Reserve decided to raise interest rate the third consecutive time.

Liquidity improved significantly because the cash flow poured into the market, causing the VN-Index to jump strongly at the beginning of the trading session, quickly regaining the 1,200-point mark after being challenged for a month around this mark. Closing the morning trading session, the VN-Index rallied by nearly 20 points. However, in the afternoon trading session, the market faced profit-taking pressure, causing the VN-Index to cool down slightly at the end of the trading session.

The strong increase in the cash flow made many stock groups, such as banking, securities, real estate, oil and gas, textiles, and steel, simultaneously advance. Among these, many banking stocks rose robustly, making positive contributions to the market, such as STB with an increase of 6.1 percent, MBB with 2.61 percent, BIDV with 2.7 percent, VPB with 2.5 percent, and CTG with 2.2 percent. In addition, industrial park real estate stocks also posted positive gains. Specifically, SZC hit the ceiling, IDC strengthened by 5.59 percent, KBC surged by 4.13 percent, and BCM enhanced by 4.96 percent.

However, some other stocks, such as BVH dropping by 1 percent, DBC hitting the floor, and FPT declining by nearly 2 percent, negatively impacted the VN-Index, sending it down slightly by nearly 2 points compared to the highest level in the trading session.

Closing the trading session, the VN-Index added up 17.08 points, or 1.43 percent, to 1,208.12 points, with 378 winners, 90 losers, and 66 unchanged stocks. Meanwhile, the HNX-Index increased 5.32 points, or 1.87 percent, to close at 289.64 points, with 167 stocks advancing, 47 declining, and 44 standing still. 

Market liquidity improved significantly by 76 percent compared to the previous trading session, with a total trading value of VND16.43 trillion. In this session, foreign investors net bought about VND680 billion on the HoSE.

Source: SGGP


HCM City faces shortage of teachers at all levels

The Ho Chi Minh City People’s Committee has held a press conference to provide information about socioeconomic issues and epidemic prevention and control in the city.

Female People's Army officer works at EU Training Mission in Africa

Of the seven officers of the Vietnam People’s Army sent by the President to international missions, Lieutenant Colonel Vu Thi Lien is the first officer performing duties at the European Union Training Mission in Central African Republic (EUTM RCA).


Minister requests fruitful cooperation in defence industry with other countries

Vietnamese cyber users advised to be cautious about ChatGPT registration

ChatGPT has recently been so popular in various fields. Since there are limits in ChatGPT registration from Vietnam, Internet users here are warned to be careful to proceed with the process to avoid being scammed.

2-3 more submarine fiber cable routes needed for Vietnam

The Vietnam Internet Association’s (VIA) Secretary General Vu The Binh said Vietnam needs at least two or three more submarine fiber cable routes in the next five years to serve mounting demand.

Vietnam still approves use of Covid antibody treatment

Vietnam still approves use of Covid antibody treatment Evusheld as it is still effective against subvariants circulating in the Southeast Asian country.

Former Coast Guard generals accused of embezzling $2.1 million

The crime allegedly started in 2019 when the Vietnam Coast Guard’s Department of Technology was allocated VNĐ150 billion (US$6.3 million) to purchase equipment.

Transport Ministry told to disburse VND94 trillion in 2023

The Government has tasked the Ministry of Transport with disbursing nearly VND94.2 trillion of public investment in 2023, up 1.7-fold against the 2022 figure and 2.2-fold versus 2021.

Banks pumped VND800 trillion into real estate in 2022

As of December 31, 2022, the outstanding loans provided to the real estate sector had reached VND800 trillion, while the figure was VND700 trillion by the end of 2021, said the Ministry of Construction, citing SBV’s (State Bank of Vietnam) figures.

Finance Ministry suggests taxing land and buildings separately

The Ministry of Finance has proposed developing a new property tax law to separate the tax on land from that on buildings.

Vietnamese movies earn over VND350 billion during Tet

Vietnamese-made films tallied more than VND350 billion in ticket sales in the first nine days of the Lunar New Year, between January 22 and January 30, according to the independent analytical website Box Office Vietnam.

Nguyen Trong Hieu's music video in finals of German Eurovision Song Contest

In a landmark moment for Vietnamese music, Nguyen Trong Hieu, winner of Vietnam Idol 2015, has announced that his latest music video has made it to the final eight in the German Eurovision Song Contest (ESC).

Vietnam's tourism revenue reaches VND46 trillion in January

Vietnam’s tourism industry generated around VND46 trillion in revenue this January, with a surge in domestic and international tourist numbers, according to the Vietnam National Administration of Tourism.

Vietnamese consume nearly 60 tons of gold in 2022

Vietnamese consumers bought 59.1 tons of gold, representing a year-on-year increase of 37 percent, the fastest increase in Southeast Asia, according to the World Gold Council.