Vietnam Oil and Gas Group, or PetroVietnam, said on Wednesday it is considering stockpiling crude oil amid low prices, while exploring measures to cope with the impact of the coronavirus.
In the first day of trading on Ho Chi Minh City Stock Exchange on Tuesday, market capitalization of Vietnam Rubber Group fell by VND1,600 billion ($67.5 million).
Online shopping in Vietnam has grown by at least 20 percent over the past few months amidst the complicated development of the novel coronavirus disease epidemic.
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Rates for 5% broken rice in Vietnam rose to $400-$405 on Thursday, highest since November 2018, compared with $390-$400 a week earlier, due to drought and coronavirus fears.
The VN-Index tumbled 3.12 percent to 811.35 points Wednesday, its lowest point since October 10, 2017.
The VN-Index fell 56 points, or 6.28 percent to 835 points on Monday, the biggest plunge since 2001, after the country confirmed 14 new coronavirus cases and global oil prices dropped 30%.
Singapore-based Quadria Capital, one of Asia’s leading specialist healthcare focused private equity firm, closed its latest fund at $595 million focusing on Southeast Asia market, including Vietnam, beating $400 million target.
Vietnam’s grocery and pharmacy sectors will be growth outperformers in the short and medium term due to coronavirus outbreaks, Fitch Solution says in a report.
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