Southeast Asia Stock Market Closing Report | Vietnam's stock market closed down over 2.2%, sharply declined at the end, VinaCapital announced withdrawal from the North-South High-Speed Rail project

On Thursday (December 25), the Vietnam Stock Exchange Index closed down 2.24% at 1742.85 points, turning down significantly towards the end of trading, moving away from the historical closing high set the previous day. However, at 11:12 AM Beijing time (during the morning session), it had risen to 1805.93 points, continuing to set an intraday historical high. Component stock Vu Dang Investment & Trading J fell 6.96%, followed closely by Vingroup JSC (Vingroup), which dropped 6.95%—the company announced it would withdraw its investment proposal from the North-South High-Speed Rail project and hopes to concentrate resources on other approved key infrastructure and energy projects. Vincom Retail JSC, Southern Warehouse Transportation Co., and Vinhomes shares also fell over 6.9%. On November 30, the Vietnamese parliament approved a $67 billion project connecting northern and southern provinces with a 1541-kilometer high-speed rail line, designed for a speed of approximately 350 kilometers per hour, with construction set to begin in 2027 and completion expected by 2035. The Ho Chi Minh Stock Exchange/VN 30 Index closed down 2.32% at 1976.21 points, also moving away from its historical closing high, having briefly approached the intraday historical high of 2055.85 points set on October 14