Vietnamese shares rose on both the northern and southern local exchanges on July 16 as more cash was poured into the banking sector.
Banking stocks push
shares up on July 16. (Photo: VNA)
The benchmark VN-Index on the
Ho Chi Minh Stock Exchange edged up 0.15 percent to close at 911.11 points.
Over 136.2 million shares, worth nearly 3.5 trillion VND (154 million USD),
were traded on the day. There were 154 rising codes, and 107 declining codes on
the bourse.
Regarding the Hanoi Stock Exchange, the HNX-Index gained 0.59 percent to settle
at 103.12 points. More than 37 million shares were sold at over 443 billion VND
(19.49 million USD). The bourse saw 90 advancers, and 63 decliners.
Apart from Techcombank (TCB) and Kienlongbank (KLB) which both experienced
price falls, green margins dominated overall banking stocks, including BIDV
(BID) rising 650 VND to 24,150 VND per share; HDBank (HDB) increasing 100 VND
to 33,550 VND; MBBank (MBB) growing 600 VND to 21,400 VND; and Vietcombank
(VCB) inching 100 VND up to 54,900 VND.
The large-cap VN30 group witnessed a surge in the stocks of Bao Viet Holdings
(BVH), Vietinbank (CTG), Hau Giang Pharmaceutical JSC (DHG), Mobile World
Group (MWG), Vietjet Aviation JSC (VJC), and Vinamilk (VNM).
In stark contrast, a sharp fall was seen in the prices of PetroVietnam Gas JSC
(GAS), Hoa Sen Group (HSG), Hoa Phat Group (HPG), Masan Group (MSN), and
Vingroup (VIC).
In the financial service group, Asia-Pacific Investment JSC (API) rose 2,100
VND to 24,700 VND per share; Ho Chi Minh Stock Exchange (HCM) advanced 1,100
VND to 49,900 VND; and Tri Viet Securities Company (TVB) surged 500 VND to
25,000 VND.
Net buying by foreign investors was strong on the HNX with over 1.6 million
shares worth 28.11 billion VND (1.24 million USD). Vietnam Investment
Securities Company’s (IVS) stocks were the most attractive to foreigners who
net bought a value of over 16.8 billion VND (739,200 USD).
On the HOSE, foreign acquirers net sold over 1.18 million shares at 87.67
billion VND (3.86 million USD).
Source: VNA
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
