Business

Energy stocks lead Vietnam’s markets up

Energy stocks led local markets up on June 14 despite oil prices falling for a fourth trading day.
Energy stocks lead Vietnam’s markets up ảnh 1Investors at BIDV Securities Corp (Photo: VNA)

Hanoi (VNA) - Energy stocks led local markets up on June 14 despite oil prices falling for a fourth trading day.

The benchmark VN Index on the HCM Stock Exchange rebounded 0.3 percent to finish at 625.43 points, after declining by 1.2 percent in the two previous sessions.

Recent declines helped energy stocks become attractive to investors, as Vietnamese stocks struggled to return to positive territory.

The HNX Index on the Hanoi Stock Exchange ended nearly flat at 84.35 points, up from a loss of 0.7 percent on the previous day.

Petroleum Pipeline and Tank Construction JSC (PXT), PetroVietnam Coating Corp (PVB), and PetroVietnam Mud Drilling Corp (PVC) made the greatest gains, rising 4.2 percent, 5 percent, and 3.2 percent, respectively.

Gains were also seen in other energy firms, including Southern Gas JSC (PGS), Petroleum Equipment Assembly and Metal Structure JSC (PXS), and PetroVietnam Drilling and Well Service Corp (PVD).

Other large-cap stocks on the two local exchanges also recovered from recent losses and helped drive markets up.

Property developer Vingroup JSC (VIC) and Vicostone JSC (VCS) rose 1 percent each. Asia Commercial Bank (ACB) edged up 0.5 percent. Kim Long Securities Corp (KLS) jumped 4.9 percent.

Meanwhile, blue chips still suffered from foreign selling. Investors proved cautious and global markets continued to slide, ahead of the US central bank meeting on Wednesday and the possible withdrawal of Britain from the European Union, Bao Viet Securities Corp (BVSC) wrote in its daily report.

“Although the US central bank is not likely to increase its rates this month, the post-meeting message it sent the markets will still have negative effects on investor confidence,” BVSC said, adding that investors are still investing in safer assets such as gold and bonds.

Financial firms, such as banks, showed little improvement compared to their performance on Monday. The three biggest listed banks – Vietcombank (VCB), Vietinbank (CTG), and the Bank for Investment and Development of Vietnam (BID) – slipped between 0.2 and 1.1 percent.

Investors traded more than 145.7 million shares worth nearly 2.43 trillion VND (108 million USD).-VNA

VNA
#energy stocks #VN Index #HCM Stock Exchange #HNX Index #Hanoi Stock Exchange
Follow VietnamPlus

Related News

UPCoM reaches 5 billion USD in capitalisation

UPCoM reaches 5 billion USD in capitalisation

The Hanoi Stock Exchange has welcomed three new companies to the Unlisted Public Companies (UPCoM) market, reaching capitalisation of more than 108.4 trillion VND (5 billion USD).
HNX develops unlisted market

HNX develops unlisted market

Hanoi Stock Exchange chairman Nguyen Thanh Long said the exchange reported fruitful results seven years after shifting from the stocks centre.
Vietnamese shares drop on lower oil prices

Vietnamese shares drop on lower oil prices

Vietnamese shares declined on June 13 as investor confidence was driven down by lower oil prices and fears over negative economic conditions on the global markets.

See more

A refilling station of Petrolimex (Photo: VNA)

Import tariffs on certain fuel products reduced to 0%

Rising tensions in the Middle East, particularly the conflict involving the US, Israel and Iran, have significantly affected the global energy market, especially shipping activity through the Strait of Hormuz – a strategic route for transporting crude oil from the region.

Fishermen raise the national flag before heading out to the sea to affirm Vietnam’s sovereignty over its seas and islands. (Photo: VNA)

Dong Thap promotes IUU awareness from start of fishing season

Gia Thuan commune, located in the eastern part of the province, is a key fishing locality with 563 fishing vessels, including 423 offshore boats and 140 nearshore vessels, producing an average annual catch of over 42,970 tonnes of seafood.

Industrial production surges in the first two months of 2026. (Photo: VNA)

Industrial production posts strong growth in first two months

According to the National Statistics Office (NSO) under the Ministry of Finance, the index of industrial production (IIP) in February was estimated to decrease 18.4% from the previous month but increase 1% year on year. Overall, in the January–February period, the IIP rose 10.4% compared with the same period last year.

A delegation from the Nghe An provincial People’s Committee inspects production and business activities at the VSIP Nghe An Industrial, Urban and Service Park. (Photo:nhandan.vn)

Nghe An steps up reforms to attract FDI

In 2025, the provincial People’s Committee licensed 25 new FDI projects and approved capital adjustments for 20 others, bringing the total newly registered and additional investment to more than 1 billion USD. Many large-scale projects in the Southeast Nghe An Economic Zone have already become operational, contributing to export growth, state budget revenues and job creation.

Nearly 35,500 enterprises are newly registered nationwide, with total registered capital reaching nearly 313.7 trillion VND and more than 167,500 registered workers. (Photo: VNA)

Nearly 35,500 new businesses set up in first two months

The enterprises registered combined capital of about 313.7 trillion VND and more than 167,500 employees. Compared with the same period last year, the number of new businesses surged by 70.7%, while registered capital rose by 36.1% and registered labour increased by 19.1%.

The yarn factory of Unitex Textile and Dyeing Company Limited applies new technology to optimise operations using an automated model. (Photo: VNA)

Resolution 68: International lessons for private sector development

A common feature in many successful economies is a fundamental shift in the perception of private enterprises. In countries such as Singapore, Germany, Republic of Korea (RoK) and China, private firms are viewed not mainly as entities requiring strict control but as development partners and key forces generating growth, jobs and innovation.

The production line of Regza Electronics Vietnam Co., Ltd. located in Dong Nai province. (Photo: VNA)

Vietnam’s overseas investment rises 2.3-fold in first two months

During the period, 36 new overseas projects were granted investment certificates with total registered capital from Vietnamese investors reaching 532.4 million USD, up 2.3 times compared to the same period last year. In addition, three projects adjusted their capital with an additional 7.8 million USD, 1.5 times higher than a year earlier.