Indices rise despite sluggish trading

Trading showed no signs of improvement on the two stock exchanges on August 2, but blue chips continued to sustain the market.
Trading showed no signs of improvement on the two stock exchanges on August 2, but blue chips continued to sustain the market.

On the HCM City Stock Exchange, the VN-Index closed 0.45 per centhigher on August 2 at 494.66 points with advancers doubling decliners.

Trading remained dry with 26.3 million shares worth 491 billion VND(23.4 million USD) changing hands during the session, down 16.5 percentin volume and 20 percent in value compared with a day earlier.

Thepower price hike had no impacts on major shares, with trading in the top30 shares by market capitalisation and liquidity accounting for overhalf of the total market value at 297 billion VND (14.1 million USD).

The VN30 also increased 0.37 percent to 545.59 points.

Shares in power companies which gained value on August 1 following thenews of the electricity price hike started to decline on August 2.

Khanh Hoa Power (KHP) fell 0.8 percent while thermal power companiesPha Lai (PPC) and Ba Ria (BTP) lost 0.43 percent and 0.65 percent,respectively.

According to stock analysts at BIDV Securities Co.,the increase in power prices would not immediately affect the profits ofelectricity companies as they are stuck in contracts with theElectricity of Vietnam. However, risk-taking investors might be temptedby reliable power firms.

A member of the VN30, RefrigerationElectrical Engineering Corp. (REE), was the most active code on August 2with 2.5 million shares traded valued at 25,700 VND (1.22 USD) each.

On the Hanoi Stock Exchange, the HNX-Index also climbed 0.94 percent toclose on 62.20 points, but the value of trading declined 28 percentfrom August 1 to just 80.6 billion VND (3.8 million USD).

PetroVietnam Construction (PVX) was the most active code with 1.2million shares changing hands, the only stock to break the 1 millionmark. PVX rose 2.2 percent to 4,600 USD.

Rising inflation isexpected in August following price rises in gas, electricity andhealthcare services. Stock analysts at PV Securities Co. said ifinflation jumped, it would have a negative impact on domestic demand andreduce purchasing power.

Foreign investors concluded on August 2as net buyers on both markets, picking up shares worth a combined 25.6billion VND (1.2 million USD).-VNA

See more

An overview of the meeting (Photo: VNA)

Binh Duong works to remove obstacles facing major FDI firms

Authorities of the southern industrial hub of Binh Duong held a meeting with two major foreign direct investment (FDI) enterprises operating in the province to address challenges facing the firms in production and business operations while encouraging their further expansion.

Real estate investors eye industrial zones with strong transport infrastructure. Illustrative image (Photo:VNA)

Real estate rises with infrastructure boom

According to Savills Vietnam, a more favourable real estate investment environment is expected in 2025 as cyclical challenges subside and the market continues its recovery.

At the February 14 meeting between Lao Prime Minister Sonexay Siphandone and a delegation of Vietnamese businesses and international enterprises from various countries. (Photo: VNA)

Vietnam strengthens business and investment ties in Laos

Highlighting Laos's vast potential for trade and investment cooperation, Lao Prime Minister Sonexay Siphandone said that Laos is an attractive investment destination, particularly in agriculture, tourism, logistics, and infrastructure development.

Lao government officials and representatives of Vietnamese businesses at the seminar (Photo: VNA)

Vietnamese firms eye investment in Laos

He reaffirmed Laos as a key investment destination for Vietnamese and global firms, highlighting opportunities in agriculture, tourism, logistics, and infrastructure.

Vice Chairman of the Bac Giang People's Committee Mai Son (Photo: bacgiang.gov.vn)

Bac Giang speeds up non-state budget investment projects

In the coming period, the northern province of Bac Giang will focus on addressing challenges to non-state budget investment projects and expediting their progress, affirmed Vice Chairman of the provincial People's Committee Mai Son.

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.