Vietnamese shares increased on Friday morning fueled by large-cap stocks, but energy groups receded as global oil prices pulled them back from an earlier surge.
Shares rose on both local markets on Friday following a deal between OPEC and non-OPEC exporters on extended oil output cuts and expectations for good fourth-quarter earnings reports.
Viet Nam welcomes technical support from the OPEC Fund for International Development (OFID) via official development assistance and preferential loans.
Shares advanced on Thursday morning on both exchanges, driven by strong gains of energy stocks after the Organisation of Petroleum Exporting Countries (OPEC) finally reached a consensus on production cut.
Experts suggested policies that the Government can implement in
response to plunging oil prices at a conference organized by the
National Centre for Socio-Economic Information and Forecast yesterday.