65 stories mentioning Ho Chi Minh Stock Exchange IndexUpdated 2d ago
Vietnam's main equity index in focus as the country deepens Thailand trade ties and pushes airlines to fast-track Boeing deals amid US trade scrutiny.
Vietnam's tourist arrivals fell to 1.78 million in May from 2.03 million in the previous month, according to data from the General Statistics Office published Wednesday.Despite the monthly slowdown, tourist arrivals were up nearly 17% from the same month last year.
Banking sector growth was the fastest among the 18 broader Asian sectors in May, with activity expanding at the strongest pace in seven months, S&P Global said in a Wednesday release.Output growth was recorded across 16 of the 18 monitored Asian sectors last month, which was unchanged from April. Only the forestry and paper products, and construction materials sectors incurred declines from April, along with lower new orders received, S&P said.New orders rose across the remaining 16 sectors last month, led by the transportation sector.Employment increased in 10 of 18 sectors, with software & services and technology equipment experiencing the strongest hiring, while insurance witnessed a cutdown in employed staff.
Vietnam's trade deficit widened to $5.21 billion in May from $3.28 billion in the previous month, according to data from the General Statistics Office published Wednesday.Exports grew 18% year on year to $46.93 billion, while imports came in at $52.14 billion, up 34% year on year.
Vietnam's industrial production index (IIP) rose 8.8% year on year in May, according to Wednesday data from the country's General Statistics Office.On a month-over-month basis, the index increased 3.3%.By sector, manufacturing and processing output grew 9% year on year, while electricity production and distribution rose 8.5%.Mining output increased 6%, while water supply, waste management, and wastewater treatment activities climbed 8.7%, the data showed.
Despite Persian Gulf troubles, ASEAN manufacturers logged stronger new orders and boosted production in May, reported S&P Global on Tuesday.The ASEAN manufacturing purchasing managers index (PMI) posted at 51.5 in May, up from 50.7 in April, and striking above the 50-mark that separates growth from contraction, reported S&P Global, citing its monthly surveys.The ASEAN PMI logged in positive territory for the 11th-straight month, as stronger domestic demand offset sluggish export orders.The S&P Global ASEAN PMI is a composite of national reports from 2,100 manufacturers in Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.After somewhat lagging in the three previous months, ASEAN manufacturers reported a "solid rise in new orders" in May, although "export sales declined for a third consecutive month," explained S&P Global.Despite improving orders and rising production, ASEAN factory managers kept a tight rein on payrolls in May. Factory sector employers "remained cautious about expanding employment, with May showing a slight decline in jobs," noted S&P Global.Manufacturers also faced rising costs in May, and responded by raising charges on customers. Both "cost burdens and charges rose at substantial and historically marked rates," said S&P Global.With orders improving, ASEAN factory managers in May were more confident in their year-ahead outlooks. Business "confidence regarding output over the coming 12 months improved further to a four-month high, suggesting that firms anticipate continued production growth," said S&P Global.But global events still tempered views. "However, ongoing trade disruptions and inflationary pressures, driven by the current war, will continue to act as headwinds to growth," advised S&P Global.ASEAN survey responses were collected by S&P Global from May 12 through May 20.
Cautionary stockpiling of product by customers helped drive Vietnam's manufacturing-sector expansion into its 11th-straight month, S&P Global reported Monday.The Vietnam manufacturing purchasing managers index (PMI) rose to 52.8 in May, up from 50.5 in April, and striking further above the 50-mark that separates growth from contraction, reported S&P Global, citing its monthly survey.The nation's manufacturing PMI in May reached its highest level since February, "just before the outbreak of war in the Middle East," due in part to "safety stock building among customers amid worries of the effects of a prolonged conflict in the Middle East."However, Vietnam's factory managers in May faced the sharpest rise in business operating costs since early 2011, due in part to fallout from the Persian Gulf turmoil. "Fuel, oil and transportation were the main drivers of higher input costs, according to respondents," advised S&P Global.Given recent undulations in demand and the global economy, and surplus capacity, Vietnam's industrial managers modestly reduced payrolls in May."Evidence of spare capacity was a factor behind a further reduction in manufacturing employment, which decreased for the third time in as many months. The rate of job shedding was only marginal, however," explained S&P Global.In addition, in May, there were some reservations about the sturdiness of demand for manufactured product.At "least some of the growth in May driven by stockpiling efforts amid the disruption caused by the war. There is some question therefore as to the sustainability of this upturn," said S&P Global.Nevertheless, Vietnam's factory managers were more confident in May about the next year than in preceding months, but the overall outlook was still soft. "Sentiment remained relatively muted, however, reflecting concerns about the ongoing impact of the war in the Middle East," said S&P Global.The Vietnam manufacturing PMI was compiled by S&P Global surveys sent to 400 manufacturers from May 12 through May 20.
For the week ahead in Asia, manufacturing activity will be in focus as S&P Global releases a broad mix of purchasing managers' index reports covering multiple economies.The week opens with a flurry of manufacturing PMI readings for May, followed by inflation data from South Korea and Indonesia on Tuesday.Mid-week, Australia's first-quarter GDP report will take center stage, while markets will also watch a heavy batch of readouts from Vietnam.Thursday will be lighter, led by Australia's April trade report, before Friday brings India's policy rate decision and GDP figures and inflation readouts from multiple regions.Here's what to watch in the week ahead.MONDAY, June 1The week kicked off with a flurry of S&P Global's purchasing managers' index (PMI) reports covering May manufacturing activity across the region.China's manufacturing activity eased after the seasonally adjusted RatingDog China General Manufacturing PMI came in at 51.8, compared with 52.2 in the previous month and the consensus estimate of 51.4 from Investing.com.Data from the National Bureau of Statistic similarly showed factory activity easing, with the official purchasing managers' index falling to a neutral 50 from 50.3 in April.A reading above 50 means growth, while a reading below 50 indicates contraction.Manufacturing activity similarly slowed in Australia as new orders fell sharply for a third consecutive month amid rising costs and ongoing supply-chain disruptions linked to the war in the Middle East.In contrast, Japan's manufacturing production expanded, with the latest S&P Global Japan Manufacturing PMI coming in at 54.5, compared with 55.1 in April, matching the flash data.South Korean manufacturing output also expanded during the month, hitting its highest in five years due to a rise in production and new order volumes, S&P Global said.India, Taiwan and Vietnam were also among the regions that experienced improved output during May.Meanwhile, The Philippines' manufacturing activity returned to growth in May as stronger output and a recovery in new orders offset continued weakness in exports.Moving ahead, the Melbourne Institute said its monthly inflation gauge fell in May after two consecutive monthly increases, driven largely by a decline in transport costs. The monthly cost of living also declined in May, particularly for self-funded retirees.Elsewhere, South Korea recorded a trade surplus of $26.9 billion in May, a new all-time high, and marking the third straight month of more than $20 billion in trade surplus.TUESDAY, June 2Focus shifts Tuesday to inflation data coming in from South Korea.Economists at ING said consumer prices could reach 3% year on year in May, reflecting higher input costs that are likely to be passed on to consumers.Pipeline cost pressures are also likely to reflect in Indonesia's inflation print due Tuesday, with ANZ expecting prices to tick up to 3% from 2.42% in the prior month, the Wall Street Journal reported.Trade figures due in Indonesia the same day could also show moderating exports as the effects of front-loaded demand fade and commodity prices soften, the WSJ said, citing an RHB economist.On the activity front, S&P Global releases its monthly manufacturing PMIs for Indonesia, Malaysia, and Thailand. The Singapore Institute of Purchasing and Materials Management's PMI report is also expected.Lastly, Hong Kong will release its retail sales stats for April.WEDNESDAY, June 3Australia's first-quarter gross domestic product (GDP) data will dominate headlines Wednesday.Both Westpac and CommBank said they expect growth to have moderated during the first three months of the year, though their estimates differed.CommBank forecast a 0.2% quarterly rise in GDP, while Westpac projected 0.5%; both would be slower than the 0.8% growth recorded in the final quarter of 2025.Neighboring New Zealand will disclose first-quarter export and import price stats.Markets will also be following a speech by Bank of Japan Governor Kazuo Ueda for clues on the central bank's next interest-rate hike.Wednesday also features a heavy slate of macro data from Vietnam, including inflation, balance of trade, industrial production, and retail sales.Trading Economics expects Vietnam's May inflation to accelerate to 6% from 5.46% in April. Meanwhile, the data platform estimated the country's trade deficit could widen to $3.4 billion from $3.28 billion a month prior.Meanwhile, S&P Global will release the next batch of its PMI reports covering composite and services activity in China, India, Japan, Australia, and Hong Kong.THURSDAY, June 4Thursday will be relatively light on readouts, with Australia's April trade figures among the handful of releases of note.Australia is expected to post a trade surplus of A$2.6 billion in April, rebounding from a A$1.8 billion deficit in March - its first shortfall since late 2017, Westpac said in a preview.According to the bank, major commodity exports appeared to have increased notably during the period after recording three consecutive monthly declines.In Singapore, S&P Global's monthly PMI will be due, while Thailand will release a business confidence report.FRIDAY, June 5The tail end of the week brings a policy rate decision in India, which will also release its quarterly GDP growth figures.The Reserve Bank of India is expected to hold rates at 5.25% but could signal hawkish sentiment during its vote, the WSJ reported, citing a UOB economist.Meanwhile, a Trading Economics consensus placed the country's GDP growth rate at 7.3%, down marginally from the 7.8% recorded in the final quarter of 2025.ANZ Research said the economy stayed broadly healthy in the fiscal fourth quarter, although growth eased slightly in March as manufacturing, exports and profit margins came under pressure due to global disruptions, the WSJ reported.Taiwan is set to report monthly inflation data, with ING expecting consumer prices to rise above the 2% target for the first time since April 2025. The bank expects inflation to accelerate to 2.2% year on year in May from 1.7% in April, reflecting Taiwan's reliance on imported energy, which leaves the economy vulnerable to higher global prices."We expect inflation to peak toward the middle of this year, raising the risks for a potential central bank rate hike at the coming meetings," ING said in a preview.Thailand and the Philippines will similarly report their respective inflation rates for May, with the latter also releasing industrial production stats.Lastly, Singapore will report its retail sales figures for April.
Philippines and Vietnam have deepened their relationship to an enhanced strategic partnership during a state visit by Vietnamese leader To Lam to Manila, according to the Office of the President, Philippines.Both sides stressed shared commitment to maintaining peace, stability and a rules-based regional order anchored in international law.Philippine President Ferdinand Marcos Jr said the upgraded ties reflect stronger political and defence cooperation, as well as deeper economic, cultural and people-to-people linkages, noting Vietnam remains the Philippines' sole strategic partner in Southeast Asia.Both countries highlighted expanding collaboration across defence, agriculture, tourism, education and cultural exchanges, with bilateral trade now exceeding $7 billion, as they seek to broaden cooperation amid global uncertainty.
The United States Treasury and the State Bank of Vietnam agreed to continue close policy consultations, reaffirming under IMF rules that neither nation will manipulate exchange rates or the international monetary system for competitive advantage, according to a joint statement on Friday.They also stressed that macroprudential tools, capital flow measures and sovereign investment activities must not be used to target currency levels, while FX intervention may be applied only to manage volatility and support macroeconomic stability.The two sides highlighted the importance of transparency in exchange rate policy. Vietnam's central bank committed to publishing annual data on net FX purchases, reserves and forward positions in line with IMF standards starting in 2027.
Vietnam-based Gene Solutions is preparing to go public in Hong Kong to raise about $100 million, Bloomberg reported Monday, citing the diagnostic startup's chief executive.The initial public offering is targeted for the second to third quarter of 2027, with a planned valuation of around $800 million, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The Vietnamese manufacturing sector expanded at a faster pace in May as new orders returned to growth and output strengthened, S&P Global said Monday.The latest S&P Global Vietnam Manufacturing Purchasing Managers' Index stood at 52.8, compared with 50.5 in April.S&P Global said part of the increase in new orders reflected customers building safety stock amid concerns about the impact of the Middle East conflict.
Vietnam and the US are working together to finalize a reciprocal trade agreement, Vietnamese Prime Minister Le Minh Hung said during a reception for Deputy U.S. Trade Representative Ambassador Rick Switzer in Ha Noi on Wednesday.Le emphasized that Vietnam does not pursue a policy of overcapacity and firms in the country operate under market principles, according to a statement on the Vietnam Government's website.Le stressed on the strict prohibition of all forms of forced labor under Vietnamese law, as well as the strict handling of intellectual property right violations as a national priority.He went on to term the two nations' economies as complementary rather than directly competitive.Switzer also underscored the importance of a reciprocal trade agreement between the two countries.
The Maltese-flagged crude-carrying supertanker Agios Fanourios I is on its way to Vietnam to offload Iraqi oil after being held by the U.S. Navy for five days in the Gulf of Oman, Reuters reported Monday, citing LSEG shipping data.The vessel departed the Strait of Hormuz on May 10 and later altered its route while sailing in the Gulf of Oman on May 11. It is expected to arrive at the Nghi Son refinery on May 30. It restarted its journey toward Vietnam on May 16, following the interruption.U.S. Central Command said the vessel was rerouted as part of ongoing enforcement operations related to the blockade on Iran, the new agency said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Vietnam is expected to see an economic growth of 6.8% in 2026, slowing from an 8% expansion in 2025, according to the World Bank's latest Viet Nam Economic Update posted on its website Friday.The nation's growth is driven by robust exports and investment, a resilient domestic market, and extensive reform measures.Vietnam's outlook remains solid, with risks elevated in the near term, according to the report."Softer global conditions are making Vietnam's external environment more challenging, with the oil shock adding to downside risks," Mariam J. Sherman, World Bank Division Director for Vietnam, Cambodia, and Lao PDR said.Stronger macroeconomic management and accelerating reforms are the way forward, according to the report.
Fitch Ratings said non-bank financial institutions in Asia-Pacific face uneven but broadly manageable risks from an energy shock linked to the US-Iran war, with developed markets expected to show greater resilience than emerging peers.The agency noted that higher fuel prices, imported inflation, softer demand and tighter funding conditions would weigh on finance and leasing companies, particularly in emerging markets. It added that currency weakness could further raise inflation and constrain monetary easing.Fitch warned that Vietnam and Thailand are more vulnerable due to faster fuel price transmission, riskier unsecured lending in Vietnam, and Thailand's already weak economic backdrop. India and Indonesia may also see higher funding costs as currency depreciation and inflation expectations push up interest rates, Fitch said.In contrast, China's leasing and asset management firms are expected to remain relatively stable, supported by controlled risk appetite and policy backing, despite property sector weakness.Developed Asia finance companies are seen as more resilient due to deeper funding markets and AI-related growth support, although SME exposure remains a key risk in some markets such as Taiwan, the agency said.
(Updated to add ticker for ENEOS in the first paragraph)ENEOS Holdings (TYO:5020) signed share purchase agreements with several Chevron subsidiaries to acquire 100% of Chevron's downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia for $2.17 billion.The deal also includes the acquisition of a 50% non-operated interest in the Singapore Refining Co. from Chevron Singapore, according to a company release on Thursday.The acquisition will be carried out through a special purpose vehicle incorporated in Singapore.The transaction is slated to complete by 2027 and is subject to regulatory approvals, the filing said.
ENEOS Holdings signed share purchase agreements with several Chevron subsidiaries to acquire 100% of Chevron's downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam and Indonesia for $2.17 billion.The deal also includes the acquisition of a 50% non-operated interest in the Singapore Refining Co. from Chevron Singapore, according to a company release on Thursday.The acquisition will be carried out through a special purpose vehicle incorporated in Singapore.The transaction is slated to complete by 2027 and is subject to regulatory approvals, the filing said.
Vietnam's refined fuel imports rose nearly 17% in the March to April, Reuters reported Wednesday, citing the country's customs data.In terms of value, refined fuel imports were up 144% compared with a year earlier, the report said.The adjustment helped ease immediate supply pressures due to the Iran war, though it added strain to the country's trade balance, the report said.Inflation also accelerated to 5.46% in April, exceeding the government's 4.5% target.Vietnam increased imports from Malaysia and South Korea to make up for the declining fuel supplies from Singapore and China, the news agency reported, citing the data.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Vietnam's state oil trader PetroVietnam Oil has appealed to the US Navy to allow a supertanker carrying 2 million barrels of Iraqi crude to continue its voyage to Vietnam, after the vessel was redirected amid the US's expanded blockade in the Gulf, Reuters reported Wednesday.The Maltese-flagged Agio Fanourios I exited the Strait of Hormuz on May 10 before making a U-turn in the Gulf of Oman a day later, according to ship-tracking data on the MarineTraffic. The US Central Command said the vessel was redirected as part of measures linked to sanctions enforcement against Iran, the news agency said.In a May 12 letter, PVOIL warned that delays could disrupt operations at Vietnam's Nghi Son refinery, saying feedstock inventories were running critically low. The company stressed the cargo was Iraqi Basra crude supplied by Iraq's state marketer SOMO and not linked to Iranian oil, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
India and Vietnam are looking to increase bilateral trade to $25 billion by 2030, The Star reported Wednesday, citing Indian Prime Minister Narendra Modi.The announcement came after discussions in Delhi between Modi and Vietnamese President To Lam. The talks focused on increasing cooperation in defense, security, education, digital payment systems, and rare earth minerals.The value of trade between the two countries has doubled over the past decade to reach $16 billion, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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