Vietnamese shares posted a strong comeback on February 23 following the previous day’s slump, thanks to strong cash flow which poured into the blue-chips, especially during the ATC session.
Vietnam’s stock market is expected to rise further after the Tet (Lunar New Year) holiday and even throughout 2018, boosted by positive macro economic development as well as support of foreign traders
Shares are expected to move modestly in the coming two trading sessions as investors settle trading before the Tet (Lunar New Year) holiday, while concerns remain following recent turbulence in global markets.
Vietnamese shares declined on February 8 as investors showed little confidence amid the current volatility of the global markets and the sharp fall in crude prices.
Vietnamese shares posted a strong comeback on February 7 as investors were calmed by market regulators and bottom-fishing was triggered for worst-hit companies during the previous two-day collapse.
Vietnamese shares plummeted as investor confidence was dampened by worries over the increasing pace of the US central bank’s interest rate hike this year.
Vietnam's shares recovered on Feb 2 after dipping for two consecutive sessions, due to strong investor interest in large-cap stocks that led the market upturn on expectations of good earnings reports.
National flag carrier Vietnam Airlines ended 2017 with pre-tax profit hitting a record high of over 2.8 trillion VND (123.2 million USD), an increase of 8.3 percent from the previous year and 72 percent higher than the yearly target.
The Hanoi Beer Alcohol and Beverage JSC (Habeco) is set on earning 8.3 trillion VND (332 million USD) in turnover and 955.4 billion VND (83.2 million USD) in pre-tax profit in 2018, an increase of 6.7 percent and 0.3 percent from last year, said Habeco Director General Ngo Que Lam.
The Hanoi Stock Exchange (HNX) said that its Unlisted Public Company Market (UPCoM) welcomed 11 newly registered stock codes, increasing the total number of businesses trading on the bourse to 701 as of January 5.
As many as 379 companies have their shares listed on the Hanoi Stock Exchange (HNX) in the first nine months of the year with more than 11.32 billion stocks worth 113.4 trillion VND (5 billion USD).
Shares of the Hanoi Consultant and Construction Investment Joint Stock Company, coded CCH, were officially traded on the UPCoM market at the Hanoi Stock Exchange (HNX) on August 30, becoming the 1,000th firm trading on the northern bourse.
Ten commercial banks will have to sprint to be able to meet the Government’s listing deadline on the Unlisted Public Company Market (UPCoM) by the end of this year.
Leaders of qualified State-owned enterprises (SOEs) will face demotions, salary cuts, fines and even criminal charges if they fail or delay listing on the Unlisted Public Company Market (UPCoM).
The State Securities Commission of Vietnam (SSC) terminated the operations of 28 securities companies, approved the dissolution of 5 companies, merged 8 companies in the first half of this year.