Shares stall on economic worries

The VN-Index fluctuated throughout most of Sept. 30’s session before closing at 454.52 points, an increase of 0.35 percent.

The volume of trades on the HCM Exchange rose by nearly 15 percent
over Sept. 29 to nearly 38 million shares, with a value in excess of 1
trillion VND (51.3 million USD).

Decliners
outnumbered advancers by 139-68, although five of the 10 leading shares
by capitalisation managed gains, including Sacombank (STB), Eximbank
(EIB), developer Hoang Anh Gia Lai Co (HAG), software giant FPT and
insurer Bao Viet Holdings (BVH), with the latter reaching its ceiling
price for a third consecutive day.

Ocean Group (OGC)
was again the most-active share on the southern bourse with a volume of
over 1.8 million units, but OGC again lost value on the day, closing
off 1.86 percent to 31,600 VND (1.60 USD) per share.

Vimedimex Medi-Pharma Co (VMD) saw its first day of trading on the HCM
exchange, but VMD shares dropped to their floor price of 32,000 VND
(1.65 USD) per share.

On the Ha Noi Stock Exchange,
the HNX-Index closed essentially unchanged at 127.29 points. The value
of trades reached 630.6 billion VND (32.3 million USD) on a volume of
26.3 million shares, decreases of 25 percent in value and 21.6 percent
in volume.

Losers outnumbered gainers, meanwhile, by
an overwhelming 200-78. Among the 10 leading shares by capitalisation,
only Asia Commercial Bank (ACB) rose in value.

Kim
Long Securities (KLS) was the most heavily-traded share, with 2.27
million changing hands, but KLS ended the session down nearly 2 percent
to just 15,000 VND (0.75 USD) per share.

The US dollar on Sept. 30 began to recover slightly on the black market, reaching over 19,700 VND per dollar.

Foreign investors were net buyers on both national stock exchanges on
the same day, picking up a combined 136.6 billion VND (7 million USD)
worth of shares./.

Related Articles

• Asian stocks advance as China data boosts hopes
• ADB ups growth forecast for Vietnam
• Market slightly rebounds
• Party reports come in from provinces
• Market moves up sharply

Agro-forestry-seafood exports continue soaring

Photo: Reuters

The , a year-on-year increase of 22.3 agro-forestry-seafood sector earned US$1.75 billion from exports in September, raising its total export turnover in the first nine months of the year to $13.93 billionpercent.

Of the total, agricultural products brought home $7.32 billion, up 21 percent and seafood, $3.47 billion, up 14.2 percent.

Rice topped the list of agro-forestry products in terms of both export volume and value with 5.55 million tons worth $2.56 billion in the nine-month period, representing respective increases of nearly 12 percent and over 14 percent. The prices of Vietnamese rice have come close to those of Thailand , the world’s largest rice exporter.

Several other agricultural products also recorded increases in both export volume and value, including coffee with 925,000 tons, earning over $1.3 billion, up 4.2 percent in volume and nearly 1 percent in value. Germany was Vietnam ’s largest coffee consumer with 13.5 percent of the country’s total export volume, followed by the US with 12.7 percent.

Rubber exports rose only 10.9 percent in volume but saw a double growth in value compared to the same period last year thanks to an 86-percent increase in price. In the first nine months, Vietnam shipped 531,000 tons of rubber, earning $1.45 billion. China was Vietnam’s biggest rubber importer that accounted for over 57 percent of the country’s total export value.

The country’s tea export turnover reached $146 million, soaring 16.7 percent year-on-year while the export volume increased only 4 percent with 100,000 tons. Pakistan was the largest importer of Vietnam ’s tea products, followed by Taiwan and Russia .

Vietnam remained the number one cashew nut exporter in the world. In the reviewed period, the country exported $143,000 tons worth $780 million, up 10 percent in volume and 30 percent in value. Vietnamese cashew nuts were shipped to 50 countries and territories worldwide with the US being the largest consumer, accounting for nearly 34 percent of the country’s total export value.

Pepper saw a decrease of 5.6 percent on volume but its export value was up over 30 percent over last year’s correspondent period with 102,000 tons and $345 million respectively.

Forest products and timber recorded a high export turnover of $2.6 billion. However, the nine-month import turnover of timber material still reached $827 million despite a year-on-year drop of up to 30.9 percent.

Seafood continued to affirm itself as the country’s strategic export item with $3.5 billion in nine-month export turnover. Japan and the US were the two largest consumers of Vietnamese seafood with respective proportions of 18.4 percent and 18 percent.

In the nine-month period, Vietnam imported $9.5 billion worth of materials for agro-forestry-seafood production, up over 27 percent year-on-year.

 

Related Articles

• High rice price cuts exports
• Preparations for congress reviewed
• Gold price surges on high demand
• ADB raises VN’s economic forecast to 6.7 pct
• Early warning system on anti-dumping cases kicks off

Agro-forestry-seafood exports continue soaring

The agro-forestry-seafood sector earned 1.75 billion USD from exports in
September, raising its total export turnover in the first nine months
of the year to 13.93 billion USD, a year-on-year increase of 22.3
percent.

Of the total, agricultural products
brought home 7.32 billion USD, up 21 percent and seafood, 3.47 billion
USD, up 14.2 percent.

Rice topped the
list of agro-forestry products in terms of both export volume and value
with 5.55 million tonnes worth 2.56 billion USD in the nine-month
period, representing respective increases of nearly 12 percent and over
14 percent. The prices of Vietnamese rice have come close to those of
Thailand , the world’s largest rice exporter.

Several other agricultural products also recorded increases in both
export volume and value, including coffee with 925,000 tonnes, earning
over 1.3 billion USD, up 4.2 percent in volume and nearly 1 percent in
value. Germany was Vietnam ’s largest coffee consumer with 13.5
percent of the country’s total export volume, followed by the US
with 12.7 percent.

Rubber exports rose only 10.9
percent in volume but saw a double growth in value compared to the same
period last year thanks to an 86-percent increase in price. In the first
nine months, Vietnam shipped 531,000 tonnes of rubber, earning 1.45
billion USD. China was Vietnam ’s biggest rubber importer that
accounted for over 57 percent of the country’s total export value.

The country’s tea export turnover reached 146 million USD, soaring
16.7 percent year-on-year while the export volume increased only 4
percent with 100,000 tonnes. Pakistan was the largest importer of
Vietnam ’s tea products, followed by Taiwan and Russia .

Vietnam remained the number one cashew nut exporter in the
world. In the reviewed period, the country exported 143,000 tonnes worth
780 million USD, up 10 percent in volume and 30 percent in value.
Vietnamese cashew nuts were shipped to 50 countries and territories
worldwide with the US being the largest consumer, accounting for
nearly 34 percent of the country’s total export value.

Pepper saw a decrease of 5.6 percent on volume but its export value
was up over 30 percent over last year’s correspondent period with
102,000 tonnes and 345 million USD respectively.

Forest products and timber recorded a high export turnover of 2.6
billion USD. However, the nine-month import turnover of timber material
still reached 827 million USD despite a year-on-year drop of up to 30.9
percent.

Seafood continued to affirm itself as the
country’s strategic export item with 3.5 billion USD in nine-month
export turnover. Japan and the US were the two largest consumers
of Vietnamese seafood with respective proportions of 18.4 percent and 18
percent.

In the nine-month period, Vietnam
imported 9.5 billion USD worth of materials for agro-forestry-seafood
production, up over 27 percent year-on-year./.

Related Articles

• High rice price cuts exports
• Preparations for congress reviewed
• Brokers predict seesaw trading this week
• Timber-product exporters sign $3b deals
• Good response to reforms of People's Councils