Stock Market

The government bond market in July 2024 successfully raised 36,512 billion VND through auctions, with secondary market trading reaching over 11 trillion VND per session.

The first half of 2024 saw impressive performance from the open-ended funds managed by PVCB Capital, the asset management arm of Vietnam Public Commercial Joint Stock Bank. Notably, the PVBF Bond Fund emerged as one of the top-performing open-ended bond funds in the market, delivering exceptional returns.

Bitcoin has plummeted to its lowest price since early February, as rumors of a fire sale by Jump Trading and macroeconomic factors spooked the market.

The shockwaves from the international stock market triggered a massive sell-off on the Vietnamese stock market this afternoon. Over 1 billion shares changed hands through matched orders on the two exchanges, with the VN-Index evaporating 3.92% (-48.53 points) to near April 2024 lows. Today's decline was also the year's record, second only to the 4.7% freefall on April 15, 2024.

The shockwaves from the international stock market triggered a massive sell-off on the Vietnamese stock market this afternoon. Over 1 billion shares changed hands through matched orders on the two exchanges, with the VN-Index evaporating 3.92% (-48.53 points) to near April 2024 lows. Today's drop also set a record for the year, second only to the 4.7% freefall on April 15, 2024.

"Mrs. Le Hai Lieu, Chairman of the Board of Directors of Duc Thanh Wood Processing Joint Stock Company (HOSE: GDT), witnessed a recent shift in stock ownership as her mother and sibling transferred shares valued at over VND 18 billion. This significant transaction underscores the dynamic nature of the company's shareholder structure and highlights the confidence reposed in Duc Thanh Wood Processing Joint Stock Company's prospects."

The market witnessed a significant downward correction during the week of July 29 to August 2, 2024, prompting company insiders and their affiliates to rush to offload the stocks they held.

In the last 10 sessions (July 22 - August 02), foreign investors net bought more than VND 1.2 trillion of VNM shares of Vietnam Dairy Products Joint Stock Company (Vinamilk), the giant in the dairy industry. The trading volume of this stock also hit a record high, the highest ever recorded.

The Hanoi Stock Exchange (HNX) reported a decline in the HNX Index's liquidity and stock prices in July 2024 compared to the previous month.

Chairman Jerome Powell of the Federal Reserve has long been weighing the risks of cutting interest rates too soon versus waiting too long to do so.