Business

Bourses boosted by strong earnings

Shares extended value on both national stock exchanges on January 28.
Shares extended value on both national stock exchanges on January 28.

On the HCM Stock Exchange, the benchmark VN-Index rose over 2.46percent to 479.6 points as over half of component shares increased.

Total trading value remained high at 1.63 trillion VND (77.6 millionUSD), climbing 25.4 percent over January 25’s session on a volume of107.35 million shares.

The VN30, tracking the city's 30 leadingshares in terms of capitalisation and liquidity, grew 2.8 percent to562.60 points.

Among the blue chips, 22 added value, butPetroVietnam Finance (PVF) plunged to its floor price and newcomerCasumina (CSM) and infrastructure company Becamex tumbled.

Onthe Hanoi Stock Exchange, the HNX-Index gained nearly 1.5 percent overJanuary 25’s session close to reach 62.52 points.

Advancers outnumbered decliners by 149-82.

Around 95.7 million shares changed hands, totalling a combined tradingvalue of 745.3 billion VND (35.4 million USD), rising 37.7 percent.

The HNX30 also put on 2.7 percent to finish at 121.96 points.-VNA
Follow VietnamPlus

See more

VinFast showcases its complete range of electric vehicles at the BIMS 2024 exhibition. (Photo: VNA)

Vietnamese products rise from villages to global markets

Many Vietnamese brands like VinFast, Hoa Phat, Viettel, Vinamilk, and GrowMax have steadily increased their market share at home, expanded their export markets, and built production and value chains, all while contributing to the country’s economic growth.

At the forum (Photo: baoquocte.vn)

Vietnam – a land of opportunities for Nordic firms

Ole Linnet Juul, Senior Chief Advisor of the Confederation of Danish Industry, commended Vietnam’s recent strides, particularly in institutional reforms, technological advancements, innovation, and digital transformation.

Apartments building in HCM City. 2025 is predicted to be a crucial foundation year for the real estate sector in HCM City. (Photo baoxaydung.com.vn)

HCM City real-estate market predicted to recover this year

2025 will serve as a crucial foundation year for the real estate sector in Ho Chi Minh City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, experts predicted.

The Commission for Management of State Capital at Enterprises transfers the rights and responsibilities of the agency representing state capital ownership to the Ministry of Finance. (Photo: VNA)

State capital ownership rights transferred to Ministry of Finance

After merging with the Ministry of Planning and Investment and receiving 18 state-owned groups and corporations from the Commission for Management of State Capital at Enterprises (CMSC), the Ministry of Finance acts as the 'backbone' of the economy, managing all financial resources from public investment and resources from these groups and corporations, to foreign loans.

At the ceremony on February 28 to officially transfer MobiFone Telecommunications Corporation from the commission to the Ministry of Public Security. (Photo: VNA)

State-owned MobiFone now under Ministry of Public Security

MobiFone's profit before tax in 2024 was estimated at over 2 trillion VND (78.23 million USD), exceeding its annual target by 20.6%. The corporation's digital services sector has witnessed high growth rates across many products and services, including MobiFone Meet (1,050%), Cloud (312%), mobiAgri (49%), and MobiFone Invoice (58%).

Investors monitor the development of the stock market at MB Securities JSC (Photo: VNA)

Vietnam pushes to elevate stock market

Vietnam will create favourable conditions for the stock market to develop more breakthrough and innovative products, enhancing the quality of market offerings and attracting more investors.