Vietnamplus

Five richest families have seen their wealth swell in early 2018 thanks to the boom of Vietnam’s stock market.

The Hoa Phat Group announced on January 4 that it exported about 200,000 tonnes of steel in 2017.

Vietnamese shares ended on a positive note on December 29 as large-cap stocks remained positive and banks continued to draw investors’ attention for full-year earnings prospects.

The Securities Journalists Club (SJC) on December 27 announced the top 10 events of Vietnam’s stock market in 2017, a year of many new records.

Shares declined on the two national stock exchanges on December 21, dragged by bank stocks, as investor sentiment remained unstable on the market outlook.

Vietnam Report Company (VNR) on December 19 announced the top 10 most prestigious listed companies for 2017.

Shares declined on the two national stock exchanges on December 19, dragged by the slump of brewer Sabeco, but cash flow remained strong which opened an opportunity for a recovery in the next session.

Vietnamese shares ended on December 15 on different notes, with investors’ confidence mixed on the last day in which exchange-traded funds (ETFs) completed their portfolio reviews.

Shares on both local exchanges declined on December 13 with investors cautious about market volatility.

Shares bounced back slightly on December 8 on the HCM Stock Exchange but slipped on the Hanoi bourse, affected by the somber result of the State Capital Investment Corporation’s (SCIC) divestment from Vinaconex.

Vietnam should strengthen land and copyright laws to give enterprises more flexibility and to enhance asset security, experts said at an award ceremony for the country’s 500 most profitable firms.

Shares edged down on the two national stock exchanges on October 23, led by large caps which declined steeply under strong profit-taking selling pressure.

Telecommunications, IT and retail firms took the lead in terms of profitability last year on the list of Profit500 – the top 500 firms with the highest profits in Vietnam.

Shares extended gains on the HCM Stock Exchange on October 13, concluding the week with positive results for all five sessions.

Shares continued to rise on the Ho Chi Minh Stock Exchange on October 12, fueled by the growth of several major large caps, while the Hanoi Stock Exchange closed in the negative zone under high selling pressure.

Shares rose slightly for a second day on the HCM Stock Exchange this week but the rally was recorded in the last trading minutes thanks to recovery of some large-cap stocks.

Shares closed on October 10 on a positive note on the two national stock exchanges as the banking, securities and steel sectors continued to support the market.

Shares retreated on the Ho Chi Minh Stock Exchange on October 5 as large-cap stocks were brought down by late profit taking, signaling poor investor sentiment.

Hoa Phat Dung Quat Steel Joint Stock Company and Italy’s metal plants supplier Danieli Company have signed a contract to install thin slab caster and hot-rolled mill for the Hoa Phat Dung Quat iron and steel production complex in the central province of Quang Ngai.

Shares rebounded after a three-day decline on the Ho Chi Minh Stock Exchange on September 22, with the benchmark VN-Index rising 0.4 percent to close at 807.13 points.