The index closed 1.7% points higher. It has dropped nearly 39 points this week. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 12% to VND13.96 trillion ($575.20 million). The VN30 basket, comprising the 30 largest capped stocks, saw 10 tickers gained. VIC of private conglomerate Vingroup rose 4.1%, followed by BCM of Becamex Investment and Industrial Development with a 3.4% increase. VRE of retail real estate arm Vincom Retail rose 2.6% and VPB of private lender VPBank closed 2.4% higher. Fourteen blue chips fell. CTG of state-owned lender VietinBank lost 2.6% and SSI of leading brokerage SSI Securities Corporation dropped 1.5%. Foreign investors were net sellers to the tune of VND537 billion, mainly selling CTG and VCI of Viet Capital Securities. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.79% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.38%. … [Read more...] about VN-Index steadies after stormy week
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Nine-month CPI increases by 3.16% year on year
Nine-month CPI increases by 3.16% year on year (Photo: VNA) Hanoi (VNA) – The average consumer price index ( CPI ) in the first nine months of this year increases by 3.16% from the same period last year, the General Statistics Office (GSO) reported on September 29. According to the GSO , nine of the 11 categories of goods and services saw price hikes, particularly transport services with airfare surging 71.56% year on year, train services 31.26% and coach 8.33%. Besides, the price s of education services picked up 7.28%, housing and construction materials 6.73%, food 4.85%, and drinks and tobacco 3.48%. In the period, prices declined in two categories – petrol and oil 15.26%, and postal and telecommunications services 0.62% Meanwhile, the core inflation in the period rose 4.49% year on year, as petrol and oil, which recorded significant prices reduction, are not included in the goods basket for calculating inflation. The September CPI increased 1.08% compared … [Read more...] about Nine-month CPI increases by 3.16% year on year
Vietnam-US Comprehensive Strategic Partnership heralds new waves of trade
US Ambassador to Vietnam Marc E. Knapper (Photo: VNA) Hanoi (VNS/VNA) - On the back of the newly-signed Comprehensive Strategic Partnership between Vietnam and the US, American exporters are setting their sights on delivering a wider range of agricultural products to Vietnamese consumers. US Ambassador to Vietnam Marc Knapper said bilateral trade was growing steadily over the past decade, reaching 130 billion USD in 2022, of which 10 billion USD went to agriculture. Following the elevation of the relationship to a Comprehensive Strategic Partnership, there's no doubt that bilateral trade, particularly in the agricultural sector, would continue to thrive. In other words, a wider range of American agricultural products would make their way into Vietnam in the short term and so would Vietnamese products into the US. Francis Lee, a representative of the Washington Apple Commission, said American apples were in high demand in Vietnam with about 2 million baskets being … [Read more...] about Vietnam-US Comprehensive Strategic Partnership heralds new waves of trade