Markets

With an unparalleled offering of affordable products, this brand has swiftly risen to dominate market share in both African and Latin American countries.

The market opened on a positive note, with a gain of over 3 points. However, selling pressure soon mounted, causing significant challenges for the market. By the end of the morning session, the VN-Index had fallen 4.62 points to 1,214.09, while the HNX-Index lost 0.96 points, settling at 231.46.

The Vietnamese government has made a considerate move by extending the deadline for 2G network termination to October 15, 2024. This decision, made by the Ministry of Information and Communications, ensures that citizens can stay connected and access vital information, especially during natural disasters and complex situations.

Investor caution remains prevalent, resulting in a stalemate for the major indices, with a slight bias towards the bulls. The VN-Index edged higher, adding 1.46 points to trade around the 1,253 mark. Meanwhile, the HNX-Index climbed 0.2 points, hovering around 232.

As of 3 pm on September 12th, the joint decision by the Ministry of Industry and Trade and the Ministry of Finance to adjust retail fuel prices came into effect. Domestic fuel prices have seen a reduction of VND 688-1,192 per liter across the board.

Recently, an extensive 12,028-page financial statement was released by the Vietnam Fatherland Front, sparking significant public attention and scrutiny.

Ending August 2024 on a high note, Toyota emerged as the leading automaker with the most models featured in the top 10 best-selling cars across the market. Surpassing prominent brands like Ford, Mitsubishi, Hyundai, and Mazda, Toyota solidified its position as a favorite among car buyers.

Alongside providing entertainment, Gumball 3000 demonstrates its commitment to community and charity by organizing a special auction to raise funds for relief efforts in Northern Vietnam, which has been impacted by natural disasters.

The influx of international F&B brands into Vietnam has been a well-observed phenomenon, but the reverse journey has proven challenging for Vietnamese brands looking to conquer the global market.

As of the market close on September 13th, oil prices took a downward turn while a host of commodities, including gold, copper, aluminum, zinc, steel, sugar, and coffee, saw a surge in prices. Wheat, in particular, reached a 12-week high, indicating a potential shift in the commodities market.