---
title: "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"
description: "The Vietnamese stock market closed lower on Thursday, with the Vietnam Stock Exchange Index falling by 2.24% to 1742.85 points. VinaCapital Group announced its withdrawal from the North-South high-spe"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/270799364.md"
published_at: "2025-12-25T17:52:20.000Z"
---

# 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

> The Vietnamese stock market closed lower on Thursday, with the Vietnam Stock Exchange Index falling by 2.24% to 1742.85 points. VinaCapital Group announced its withdrawal from the North-South high-speed rail project, resulting in a 6.95% drop in stock prices. The company plans to focus its resources on other key infrastructure and energy projects. The Vietnamese parliament had previously approved a $67 billion high-speed rail project, scheduled to start construction in 2027 and be completed in 2035

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

### Related Stocks

- [03004.HK - CSOP VIETNAM30](https://longbridge.com/en/quote/03004.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| G42 And Vietnamese Consortium Commit To Build National AI Infrastructure | Feb 8 (Reuters) -G42 AND VIETNAMESE CONSORTIUM COMMIT TO BUILD NATIONAL AI INFRASTRUCTURE AND DEVELOP SOUTHEAST ASIA’S I | [Link](https://longbridge.com/en/news/275247328.md) |
| Nam A Bank named strategic investor of Vietnam International Financial Center in HCMC | Nam A Bank has been recognized as a strategic investor in the Vietnam International Financial Center (VIFC-HCMC) during  | [Link](https://longbridge.com/en/news/275692792.md) |
| SpaceX's Starlink gets nod for satellite internet in Vietnam | Vietnam's government has approved SpaceX's Starlink to launch its satellite internet service, granting licenses for both | [Link](https://longbridge.com/en/news/275980046.md) |
| Rhode Island State House rug that cost $70K gets state seal wrong | Officials in Rhode Island have acknowledged a "human error" regarding a $70,000 rug installed in the State House, which  | [Link](https://longbridge.com/en/news/275935803.md) |
| Vietnam's largest refinery to operate at 120%-125% of designed capacity in Q1 | Vietnam's largest refinery, Nghi Son Refinery and Petrochemical LLC, will operate at 120%-125% of its designed capacity  | [Link](https://longbridge.com/en/news/275689612.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
