Vietnamese shares on January 26 pulled back from a four-year jump early this week as a sharp fall in oil prices dragged down investor confidence on global markets.
The local stock market suffered losses amounting to billions of dollars on a single day on January 18, while the State Securities Committee (SSC) asked investors to be cautious about selling shares.
Vietnamese shares fell slightly on both local bourses on December 22, led by plastics firms amid fear that their profitability will be hurt from an increase of global oil prices.
Vietnamese shares rose on both local bourses on December 11 after two days of losses as local plastic and rubber firms benefited from global oil prices sinking to a seven-year low.
Vietnamese shares extended losses for a second session on both local exchanges on November 9 as local energy stocks fell amid declining global oil prices.
The country's crude oil exploitation output this year is estimated to reach 17.58 million tonnes, up 4.6 percent against the government's annual target.
Despite climbing production indexes, the national oil and gas group
PetroVietnam saw its half-year revenue reduce by 8 percent annually
due to dropping oil prices.