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The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), plunged 12.96 points (1.14%) to close at 1,125.39 on Thursday, ending its seven-session gaining streak and marking its lowest level since late March.
Foreign-invested companies in Vietnam recorded a trade turnover of $220.2 billion, including crude oil, and a trade surplus of $22.06 billion in the first half of this year, according to the General Statistics Office.
Vietnamese consumers are becoming more fastidious as their incomes rise, according to Le Viet Nga, deputy director of the Domestic Markets Department under the Ministry of Industry and Trade.
Vietnam has seen a slowdown in industrial production and a contraction in exports due to continued weak external demand, the World Bank's June edition on Vietnam Macro Monitoring showed, reported Xinhua.
Vietnam’s economy is expected to grow 6.8% this year - the highest in ASEAN - according to the ASEAN+3 Macroeconomic Research Office (ARMO). The office also forecast economic growth in China, the Republic of Korea, and Japan in 2023.