Markets

The morning's positive signals, driven by a few large-cap stocks, failed to sustain the market's momentum, with the VN-Index gradually paring gains to close the morning session in the red. The VN-Index stood at 1,207.3 points, down 0.25%, while the HNX-Index fell 0.46% to 225.4 points. Foreign investors net sold a significant amount on the HOSE, with a value of over VND 1,029 billion.

The African continent is experiencing its dry season, and this particular tuber is thriving.

The Vietnamese coffee market is at a pivotal moment. With rising prices and declining production, the industry faces a unique set of challenges and opportunities. This dynamic situation demands a fresh perspective and a strategic approach to navigate the changing landscape.

The National Rice Council, a newly established entity, serves as an overarching, cross-sectoral platform to address the rice industry's overarching issues. It provides strategic guidance and handles significant matters pertaining to the sustainable development of the rice sector as a whole.

The market's mixed performance, coupled with a dip in trading volume compared to the previous morning session, reflects investors' cautious sentiment. As of 10:30 am, the VN-Index posted a modest gain of 1.9 points, hovering around 1,212 points. In contrast, the HNX-Index edged lower by 0.24 points, trading at approximately 226 points. This divergence in the performance of the leading indices underscores the market's indecision and the prevailing cautious mood among investors.

The Vietnamese livestock industry is not just meeting domestic demands, but also thriving in the global market. In 2023, the country's livestock product exports reached a total value of US$515 million, a significant increase of 26.2% from 2022. A diverse range of products, including honey, suckling pigs, bird's nest, salted duck eggs, and processed milk and chicken meat, are finding their way into international markets. Notably, Vietnam has established itself as the largest exporter of honey to the United States, showcasing the industry's potential and the quality of its produce.

The Dak Lak province is in the midst of its durian harvest, yet the atmosphere is unusually subdued. Rows of warehouses lie silent and shut, and while some are open for business, their shelves are sparsely stocked, at times, bare.

When visiting the sales outlets, customers can enjoy incredible deals on essential consumer goods with discounts of up to 80%, amazing "buy one, get one" offers, and special booths offering a wide range of products at flat prices of 39,000 to 49,000 VND.

The top-of-the-line Hyundai Elantra N-Line is also on a massive discount at select dealerships, in addition to the standard model.

The VN-Index brought some much-needed relief to investors on August 6th, as it maintained a positive stance throughout the session, closing with a substantial recovery of over 22 points. This encouraging performance comes on the heels of a shocking dip of nearly 49 points the previous day.