Despite an increase in the number of foreign direct investment projects, Vietnam has so far this year posted a 1.3 percent drop in registered capital to 12.26 billion USD.
Shares declined on October 31 after a two-day rise as large-cap stocks, led by oil and gas stock, lost steam due to negative earnings as well as volatile oil prices.
The benchmark VN Index on the HCM Stock Exchange struggled to remain upbeat on October 12 as energy producers lost momentum after crude prices declined on the previous day.
Vietnam shipped abroad some 3.76 million tonnes of rice worth 1.69 billion USD between January and September, dropping 16.4 percent in volume and 12.5 percent in value from a year earlier.
Vietnam shipped abroad nearly 4.4 billion USD worth of timber and wood products in the first eight months of 2016, a decline from a year earlier, said the Vietnam Timber and Forest Product Association
Car sales in Vietnam last August fell 17 percent from the previous month to 23,540 units, attributable to consumers’ unwillingness to do big business like car purchases in the “Ghost Month”.
The prices of RON 92 petrol and bio-fuel E5 dropped 604 VND and 593 VND per litre, respectively, from 3:00 pm on August 4, according to the Ministry of Industry and Trade and the Ministry of Finance.
Vietnam’s rice export is estimated to drop to 5.65 million tonnes in 2016, down 14 percent against the previous year and 800,000 tonnes lower than initial forecast.
Garment producers have faced a decline in orders and export values in the first half of 2016, causing a worry that the goal of exporting 31 billion USD worth of garment products cannot be achieved.
Vietnamese shares struggled to close mixed on June 27, covering some losses as local stocks were attractive to investors after plunging on Britain’s decision to leave the European Union last week.
Vietnamese shares finished lower on June 16, erasing gains in the earlier session, as energy firms extended losses following another drop in crude 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.
Despite the abundance of modern supermarkets and shopping malls in Ho Chi Minh City, niche markets still attract customers who love discovering unusual, odd or hard-to-find products.