An investor at the trading floor of Tan Viet Securities Joint Stock Company in Hanoi (Photo: VNA) Hanoi (VNA) – Vietnamese shares ended in the red on October 15 as widespread selling pressure hit many large-cap stocks on the day. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) settled at 951.64 points after losing 18.44 points. There were 111 advancing codes, 191 in decline, and 41 shares that went flat. Meanwhile, the HNX-Index on the Hanoi Stock Exchange gave up 2.08 points to close at 107.67 points, with 74 rising codes, 78 declining ones, and 60 others ending flat. There were 181 million shares traded on the day, worth 4 trillion VND (171.48 million USD). Up to 26 large-cap stock codes in the VN30 basket fell, with the largest drop recorded at HSG who were down 4.7 percent. Other codes including GAS, VRE, PNJ, REE, MSN, and VNM fell 4.1 percent, 3.3 percent, 3.1 percent, 2.7 percent, 3.4 percent, and 2.2 percent, respectively. Amongst petroleum stocks, all codes … [Read more...] about Shares end in the red due to selling pressure
Thailand deploys 20-year national strategy plan
Bangkok capital city of Thailand (Photo: bangkok.com) Bangkok (VNA) – The Thai junta’s 20-year national strategy plan officially took effect on October 13 after it was published on the Royal Gazette. According to the Royal Gazette, King Vajiralongkorn signed an endorsement of the plan on October 8 and it was countersigned by Prime Minister Prayut Chan-o-cha on the same day. The strategy plan was approved by the Thai Cabinet on June 5 and it was then passed by the National Legislative Assembly (NLA) on July 6. The strategy plan, highlighted in the Constitution, requires future governments set up in the 2018-2038 period adheres to the plan. Cabinet members could be impeached if they refuse to comply with it. It covers six major contents, including national security, national competitiveness, human resources development, social equality, quality of life and environment, and development of state administrative system. However, political parties and critics have protested … [Read more...] about Thailand deploys 20-year national strategy plan
This year’s new-style rural building targets completed ahead of schedule
An aerial view of Bong Lai commune of Que Vo district, Bac Ninh province (Photo: VNA) Hanoi (VNA) – The National Target Programme on New-style Rural Area Building for 2018 has achieved its set targets three months earlier than planned, said Nguyen Minh Tien, head of the programme’s Central Coordination Office. The programme, initiated by the government in 2010, laid out 19 criteria on socio-economic development, politics, and defence, aiming to enhance the development in rural regions of Vietnam. The list of criteria includes the development of infrastructure, the improvement of production capacity, environmental protection, and the promotion of cultural values. To date, the entire nation now has 3,542 communes that meet the standards of new-style rural areas (or 39.7 percent of all communes nationwide). Meanwhile, 55 districts in 28 provinces and cities have received the prime minister’s accreditation for fulfilling all criteria and … [Read more...] about This year’s new-style rural building targets completed ahead of schedule
Three markets with highest export growth in 9 months
Vietnam’s exports to the RoK increased by 26.1% to US$13.45 billion while exports to China surged 29.9% to US$28.81 billion respectfully. Exports to India obtained an impressive growth of 88.6% to US$5.18 billion. The Vietnam Customs reported that the country’s exports hit US$179.47 billion in nine months, a year-on-year rise of an incredible 15.8%. Seven groups of products achieved high export growth, including telephones and components; garments; computers, electronics and components; machines, equipment and tools; steel; cameras and components and footwear. In the opposite direction, the country’s imports grew 11.6% to US$173.14 billion with 30 groups of key products having an import value of more than US$1 billion each. 45 out of 58 key markets with import values of more than US$100 million in nine months had positive growth. China remained the largest supplier of goods to Vietnam with a value of US$47.26 billion in the period, up 12.9% against the same period … [Read more...] about Three markets with highest export growth in 9 months
Viettel Business Solutions Corporation makes debut
The management board of the Viettel Business Solutions Corporation at the ceremony (Photo: VNA) Hanoi (VNA) - The Viettel Military Industry and Telecoms Group (Viettel) on October 15 officially announced the establishment of the Viettel Business Solutions Corporation, marking a move into its so-called fourth development stage. The corporation would represent Viettel in implementing projects and providing information and communication technology (ICT) solutions to the Government, ministries, localities, businesses and organisations both inside and outside the country. In addition, it committed to helping build a digital government. Speaking at the launching ceremony, Viettel’s General Director Major General Le Dang Dung said the establishment of the corporation marked a transition to create a new, more dynamic and technological Viettel which puts its customers first. Dung said the Fourth Industrial Revolution has brought big opportunities to Vietnam. However, businesses should … [Read more...] about Viettel Business Solutions Corporation makes debut