Domestic gold prices have steadily declined throughout May, with SJC gold falling from around VNĐ167 million per tael in early May to below VNĐ160 million by the end of the month after a period of rapid gains.
A review by the State Securities Commission of Vietnam found that 67 out of 789 equitised enterprises failed to meet shareholder structure requirements, including 21 State-owned parent firms and 46 subsidiaries.
The weakness was concentrated across most of the market''s key sectors. Financials, particularly banking, real estate, industrials and materials, all traded in negative territory, creating headwinds for the VN-Index.
Although the index dipped marginally, market breadth on the southern bourse showed relatively stronger buying pressure, as 199 stocks rose and 116 declined.
The favourable trend in rubber prices and improving earnings expectations have rapidly attracted investor interest in rubber stocks on the Vietnamese stock market.
The proposal also includes provisions allowing foreign investors to place orders through intermediary order-routing systems operated by overseas financial institutions.
The VN-Index swung from a deep fall to a near-flat finish within the same afternoon as investors shifted rapidly from a cautious posture to aggressive deployment of capital.
The Government has set a target of achieving double-digit economic growth during the 2026-2030 period, increasing pressure on state-owned enterprises to expand production and business activities beyond the limits of existing resources.
