Bank and energy stocks pulled local markets up on Monday morning, however, investor sentiment remained poor due to volatile market conditions. - Photo tinnhanhchungkhoan.vn Vietnamese shares advanced on Monday morning, led by large-cap stocks in the banking and energy sectors. The benchmark VN Index on the HCM Stock Exchange moved up by 0.60 per cent to close at 989.07 points. It rose by 1.42 per cent on Friday. The HNX Index on the Ha Noi Stock Exchange increased by 0.29 per cent to end at 112.31 points, extending its growth from a 1.65 per cent increase in the previous session. Some VND2.2 trillion (US$97.6 million) worth of more than 101.4 million shares was traded on the two local exchanges, with 192 gaining stocks against 177 decliners, indicating low investor sentiment due to a volatile market. Large-cap stocks played the main role to boost the market as the large-cap VN30 Index gained 0.73 per cent to reach 980.19 points with 22 of the 30 largest stocks by market capitalisation … [Read more...] about VN stocks gain on banks, energy firms
54th GEF Council meeting launched in Da Nang City
The meeting, held every four years to share solutions on sustainable development, is now organized to consider the updated policy on co-sponsorship; the increase of cooperation between members of the GEF; the regulations on the transparent resource allocation system for the 7th period from 2018 – 2022; the plans and budget in 2019; the working schedule of GEF; the agreements on minor sponsorship and the agreements on implementing the national sponsorship program for the GEF in the period from 2018 – 2022. Participating in the series of event are environment ministers of many countries in the world, managers of the United Nations’ bodies, and leaders of multi-lateral financial organizations like Mr. Achim Steiner, CEO of the United Nations Development Program; Mr. Erik Solheim, CEO of the United Nations Environment Programme; Mr. Takehiko Nakao, President of the Asian Development Bank; European Bank for Reconstruction and Development; Ms. Cristiana Pasca Palmer, … [Read more...] about 54th GEF Council meeting launched in Da Nang City
Vietnam’s export revenue hits $1 billion in first five months
Vietnam earned $1 billion to sell commodities to eight nations including the US, Netherlands, Hong Kong ( China), United Arab Emirates, Austria, United Kingdom, Germany, and India. Of which, export to the US reached nearly $13 billion accounting for 49 percent of total export value. Whereas, imports of five other nations into Vietnam hit $1 billion in the first five months including South Korea, China, Taiwan ( China), Thailand and Malaysia. South Korea and China are leading with over $11 billion imports each. According to the General Customs Department, in the first five months of the year, export turnover of foreign direct investment (FDI) enterprises achieved $66 billion, a year-on-year increase of 16.8 percent while import turnover was $53.8 billion, up 8.6 percent. Therefore, FDI enterprises having surplus in the first five months were $12.5 billion. By CHE HAN – Translated by UYEN PHUONG Tags: Vietnam export revenue first five months … [Read more...] about Vietnam’s export revenue hits $1 billion in first five months
Siemens takes the world on the “digital silk road”
The Belt and Road Initiative is China’s ambitious project to boost trade and infrastructure investment in about 90 countries along the ancient Silk Road trade routes from Asia to Europe and Africa. At the Belt and Road International Summit held in Beijing in early June, Siemens presented the opportunities created by China’s Belt and Road Initiative On the sidelines of the Belt and Road International Summit held by Siemens AG in Beijing in early June, VIR’s Bach Quang spoke to Cedrik Neike, Siemens AG board member, on business opportunities for the German firm from the initiative engagement. Siemens has just entered into more than ten agreements with Chinese partners to explore opportunities from the Belt and Road Initiative (BRI). How are the deals going? Cedrik Neike BRI is all about infrastructure and bridge building. It is about bridges connecting societies, economies, and cultures, but also about bridges between the physical infrastructure and … [Read more...] about Siemens takes the world on the “digital silk road”
Đồng Nai’s FDI collection nearly meets annual target
Đông Nai Province is currently home to 1,804 FDI projects, with a total registered capital of $32.76 billion, of which 1,335 projects are valued at $27.68 billion. — Photo dntm.vn Viet Nam News ĐỒNG NAI – The southern province of Đồng Nai attracted US$902 million in foreign direct investment (FDI) in the first six months of the year. This accounts for more than 90 per cent of the yearly plan and is up by 48 per cent from the same period in 2017. … [Read more...] about Đồng Nai’s FDI collection nearly meets annual target