Business

Vietnam’s stocks drop for third day

Vietnamese shares fell again on July 21, led by Vinamilk – the largest milk producer, brokerage firms and insurance companies.
Vietnam’s stocks drop for third day ảnh 1Illustrative image (Source: vietstock)

Hanoi (VNA) - Vietnamese shares fell again on July 21, led by Vinamilk – the largest milk producer, brokerage firms and insurance companies.

The benchmark VN Index on the HCM Stock Exchange inched down 0.1 percent to finish at 659.57 points. The southern market index has fallen 2.1 percent in the last three sessions.

The HNX Index on the Hanoi Stock Exchange dropped 1 percent to end at 84.63 points, extending a three-day loss of 2.8 percent.

Vietnam Dairy Products JSC (VNM) edged down 0.6 percent from a four-day rally of 8.2 percent.

The brokerage sector was the worst-hit business on the market as Saigon Securities Inc (SSI) and Vietinbank Securities Corp (CTS) announced lower net profits during the first six months compared to the previous year.

SSI lost 3 percent after the largest securities firm reported its net profit in the first six months dropped a quarter from last year’s figure. In the second quarter, SSI earned a net profit of 305.4 billion VND (13.67 million USD), down 15 percent year on year.

CTS slumped 4.4 percent after the company recorded a year-on-year 16-percent drop in its first-half net profit. The company also announced its net profit in the last quarter was nearly half of the number last year.

Other top securities firms such as HCM City Securities Corp (HCM), Bao Viet Securities Corp (BVS) and VNDirect Securities Corp (VND) also declined.

Auto and auto-part dealer Hoang Huy Investment Services JSC (HHS) slumped 3.4 percent after the company announced its net profit between April and June was 27.6 billion VND, half of the figure recorded in the first quarter.

Truong Thanh Furniture Corp (TTF) continued to plunge 6.9 percent after the company failed to provide reasons for shareholders at a meeting on July 20 on the suspension of a loan swap worth of 1.2 trillion VND between TTF and Tan Lien Phat, a subsidiary of property developer Vingroup.

On the opposite side, banks and property developers helped markets avoid further losses.

Among banks, Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) and Saigon Thuong Tin Joint Stock Commercial Bank (STB) gained 0.9 percent each.

Additionally, Vingroup JSC (VIC), Nam Long Investment Corp (NLG) and Phat Dat Real Estate Development Corp (PDR) increased to lift the property sector.

Investors exchanged more than 151.6 million shares worth 2.87 trillion VND, slightly down from previous day’s trading value.-VNA

VNA
#Vietnamese shares #Vinamilk #VN Index #HCM Stock Exchange #Hanoi Stock Exchange
Follow VietnamPlus

Related News

Oil drags markets for second day

Oil drags markets for second day

Vietnamese shares on July 15 fell for a second day as energy firms suffered from lower oil prices and investors continued to seek profits in large-cap stocks.
Steel makers help markets rebound

Steel makers help markets rebound

Vietnamese shares recovered on July 18 from a two-day decline as steel producers advanced on Government’s support and higher second-quarter performances.
Stocks down on banks, oil stable

Stocks down on banks, oil stable

Vietnamese shares on July 19 retreated from previous day ’s gains as individual companies declined on bad news in their business activities and lower oil prices extended losses for a second day.

See more

At the Vietnam- Myanmar Business Forum in Hanoi on September 6 (Photo: VNA)

Myanmar President pledges to facilitate Vietnamese investment

Myanmar calls for Vietnam's cooperation in digital infrastructure development, cybersecurity, digital transformation, public services, information technology, and digital payment systems, as well as in fostering an innovation-driven business environment.

Using AI to search and process legal information (Photo: VNA)

Legal profession reshaped in age of artificial intelligence

In Ho Chi Minh City, digital transformation in the legal profession is not simply about introducing more technology into professional practice. It must also create ways of working that ensure technology serves people, while lawyers retain control and responsibility for the quality of legal services. This is particularly important in a metropolis with a large-scale economy and diverse legal needs.

Activities in Chan May Bay, part of the Chan May–Lang Co Economic Zone in Hue city. (Photo: VNA)

Hue steps up investment drive in Chan May–Lang Co Economic Zone

Covering more than 27,000ha, the Chan May–Lang Co Economic Zone is emerging as a key economic, urban, industrial and eco-tourism centre in southeastern Hue, with functional areas dedicated to seaports, industry, non-tariff activities, urban development and tourism.

The Ministry of National Defence's inter-agency inspection team visits La Gi Fish Port in Phuoc Hoi ward, Lam Dong province. (Photo: VNA)

Lam Dong's IUU fishing prevention efforts inspected

According to the Lam Dong provincial IUU Fishing Prevention Steering Committee, all 8,177 fishing vessels measuring at least 6 metres in length have been registered and updated in the national fisheries database VNFishbase.

A member of Minh Quang Cooperative in Hung Yen province works on a farm. (Photo: VNA)

Vietnam aims to link half of farm cooperatives with enterprises by 2030

The Ministry of Agriculture and Environment will promote links between cooperatives, enterprises, science and technology organisations and other economic entities along with carrying out programmes to develop concentrated agricultural, forestry and fisheries raw material areas and enhance value chain production.

The night-time economy is increasingly seen as an important avenue for Vietnam’s tourism sector to extend visitors’ stays (Photo: VNA)

Revitalising growth momentum for night-time economy

The night-time economy has moved beyond being merely an add-on service to become a new growth driver for tourism. Night-time activities can “awaken” familiar heritage spaces and breathe new life into them. Art, light and music experiences after dark can create distinctive attractions while meeting the desire of middle- and high-end visitors to explore cultural depth.

A livestream session promotes green-skinned pomelos grown in Cho Lach commune, Vinh Long province. (Photo: VNA)

E-commerce reshapes rules of game

Once fixed fees, payment fees, infrastructure charges and service packages are included, sellers may have to spend around 24.5-27.6% of their revenue on platforms. The figure shows that the era of easy selling and low costs in e-commerce has officially come to an end.

Ho Chi Minh City targets third-quarter growth of over 11% (Photo: VNA)

Ho Chi Minh City targets third-quarter growth of over 11%

Ho Chi Minh City will continue to implement drastic measures to achieve double-digit growth, targeting GRDP growth of at least 11.07% in the third quarter of 2026, 9.43% in the first nine months and 12.3% in the fourth quarter, with a view to completing the full-year goal of 10% or more.

MM Mega Market An Phu supermarket in Ho Chi Minh City is brightly decorated for the National Day holiday. (Photo: VNA)

Domestic consumption up over 13%, tourism continues strong growth

The total retail sales of goods and consumer service revenues in August were estimated at 679.8 trillion VND (26 billion USD), up 1.6% from the previous month and 14.9% year-on-year. In the January-August period, the figure reached 5.24 quadrillion VND, representing a 13.3% increase year-on-year.

A production line of Onaga Co., Ltd. (Japan) at HANSSIP (Photo: nhandan.vn)

Hanoi moves to maintain appeal to FDI inflows

In the first eight months of 2026, the capital city attracted more than 3.7 billion USD in FDI, equivalent to 83% of the plan set for the year. Newly registered FDI exceeded 572 million USD across 450 projects, up 175.78% in project numbers and 209.46% in capital compared to the same period last year. Additional registered capital topped 492 million USD, while capital contributions and share purchases exceeded 2.6 billion USD.

Saigon Marina IFC is the first private-sector project contributing to realising the goal of developing the Vietnam International Financial Centre in Ho Chi Minh City. (Photo: VNA)

VIFC offers various opportunities to attract forein investment

Turning the VIFC into an effective channel for international capital will require clear rules, quality projects and strong connections between investors and domestic businesses. Meeting these requirements will be key to transforming investor interest into concrete capital flows and investment projects in Vietnam.

Production line at Yadea Vietnam’s smart manufacturing plant, which has an investment of more than 100 million USD, in Tan Hung Industrial Park, Bac Ninh province. (Photo: VNA)

Development model for new era – An inevitable trend

International organisations broadly agree that shifting the growth model from reliance on traditional factors toward technology and innovation is no longer an option for Vietnam, but an imperative of the times.