Business

Vietnam’s stock market has tough time in February

The Vietnamese stock market had a tough time throughout February with most stocks weakening amid concern about the global spread of the coronavirus disease(COVID-19).
Vietnam’s stock market has tough time in February ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – The Vietnamese stock market had a tough timethroughout February with most stocks weakening amid concern about the global spread of the coronavirus disease (COVID-19).

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) ended the month plummeting 5.81 percent to 882.19 points while VN-Allshareand VN30 Indexes dropped 2.97 percent and 1.96 percent, respectively, fromJanuary.

VN30 Index comprises 30 leadingcompanies in terms of market capitalisation and liquidity. The VNAllshareconsists of those in the VN100 and the VNSmallcap of companies with lowmarket capitalisation.

But the VN-Index was not among those hardest hit by the epidemicsince the US’s Dow Jones industrial average plunged more than 10 percent, theStock Exchange of Thailand (SET) Index down 11 percent and the Korea CompositeStock Price Index (KOSPI) 6 percent.

As of the end of February, there had been 383 stocks, three closed-endfund certificates, two ETFs, 63 guaranteed warrants, and 44 bonds listed on theHoSE. The number of shares listed on the southern bourse was 88.84 billionwhile the HoSE’s market capitalization totaled 3.016 quadrillion VND (nearly129.8 billion USD), down 5.8 percent from the previous month and equivalent to 54.5 percent of the GDP in 2018.

Market liquidity has improved with average trading value reaching 4.8trillion VND per session, up 34.2 percent, while trading volume picked up 24.06 percent to 253.8 million share.

According to the HoSE, net foreign selling in February was 2.73trillion VND. The shares traded by foreign investors were worth 29.3trillion VND, presenting 10.29 percent of the market’s total trading value. Topbuys included HDBank (HDB) (85.8 billion VND), sugar producer Thanh Thanh Cong –Bien Hoa JSC (SBT) (57.1 billion VND), Sacombank (STB) (38.9 billion VND), DigiworldCorporation (DGW) (34 billion VND) and Vinhomes (VHM) 33.4 billion VND)./.
VNA
#Vietnam stock market #impact of COVID-19 #VN Index #Vietnamplus #Vietnam News Agency #Ho Chi Minh Stock Exchange #VN30 Index Vietnam
Follow VietnamPlus

Related News

MoF to penalise manipulation of stock prices

MoF to penalise manipulation of stock prices

To stabilise investor sentiment after the Lunar New Year holiday, the Ministry of Finance has directed the State Securities Commission to closely monitor the market and crack down on the use of negative information about the coronavirus epidemic to manipulate stock prices.
Equitisation vital for stock market growth

Equitisation vital for stock market growth

The successful equitisation and capital divestment of State-owned enterprises (SOEs) would create benefits that boosted the stock market and business performance, experts have said.

See more

Vinachem affirms its position as a leading chemical enterprise at the Autumn Fair 2025 (Photo: VNA)

Vietnamese enterprises renew growth model to move up global value chains

The resolution identifies enterprises as the centre of the renewal process, urging them to shift from cost-based competition to productivity, technology, quality and market responsiveness; from operating independently to joining industrial ecosystems; and from participating in value chains to mastering and eventually leading them.

Key export sectors such as textiles – garments, footwear and furniture, along with many signature products of Da Nang, have strong potential to expand their markets through online export channels. (Photo: VNA)

Da Nang seeks to boost online exports

To help businesses go global, Da Nang is shifting from supporting individual online activities to developing an integrated ecosystem covering products, branding, platforms, payments, logistics, legal issues and market information. This is also part of the city’s e-commerce development orientation for 2026-2030, which identifies e-commerce as an important component of the digital economy.

Deputy Minister of Foreign Affairs Le Thi Thu Hang receives Rolf Mutzenich, a member of the Foreign Affairs Committee of the German Bundestag, in Hanoi on August 18. (Photo: baoquocte.vn)

Vietnam welcomes German firms’ expansion

Vietnam welcomes and stands ready to create favourable conditions for German businesses to expand their investment and operations in the country, particularly in infrastructure, smart seaports, renewable energy, high-speed railways, science and technology, and high-quality human resource training.

Khanh Hoa province has the largest sheep population in Vietnam, with around 100,000 individuals. (Photo: VNA)

Khanh Hoa province explores Halal ecosystem development

Khanh Hoa aims to estabish itself as a Halal-friendly destination while supporting businesses in expanding export markets, attracting strategic partners and investors, and drawing projects from countries with strong Halal logistics, tourism, manufacturing, processing and agriculture sectors.

The proportion of Vietnamese goods remains high at supermarkets. (Photo: VNA)

Vietnamese brands win over domestic consumers to go global

Amid increasingly fierce global competition, the goal is no longer simply to increase domestic consumption of Vietnamese goods, but to develop strong Vietnamese brands capable of winning consumers through quality, innovation and added value, thereby creating a stepping stone for expansion into international markets.

Illustrative image (Photo: VNA)

Automated VAT refunds to be rolled out from December

As of August 11, VAT refunds rose 32% from a year earlier, reaching 64.4% of the full-year estimate. Tax authorities issued 11,627 refund decisions totaling 111.726 trillion VND (4.26 billion USD), up 9% by volume. The payouts improved cash flow for companies and supported production, trade and exports.

ST25 rice is the centrepiece of the Vietnam Goods Week at Selgros. (Photo: VNA)

ST25 rice officially enters Selgros wholesale supermarket chain in Germany

The placement of ST25 rice on Selgros shelves not only creates an additional opportunity for German consumers to access Vietnamese rice products, but also contributes to efforts to increase the added value of Vietnamese agricultural products by shifting the focus from volume to quality, branding and value.

Trains on the elevated section of the Cau Giay – Nhon route in Hanoi provide convenient transportation for local residents. (Photo: VNA)

Multimodal connectivity to drive Vietnam’s transport infrastructure

Under the proposed approach, roads would serve mainly as connectors and for first- and last-mile transport; railways would handle large volumes over long distances; maritime transport would serve import and export cargo; inland waterways would carry large volumes at low cost; and air transport would focus on fast delivery and high-value goods.