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VN-Index extends winning streak to five sessions The Saigon Times Employees at a securities broker monitor stock prices on computer screens. The benchmark VN-Index of the Hochiminh Stock Exchange surged by 16.45 points to close at 1,310.05 points on Friday – PHOTO: VNA HCMC - The VN-Index of the Hochiminh Stock Exchange extended its winning streak to five consecutive sessions today, July 30 thanks to the strong cash flow into many bluechips. The benchmark index rose 1.27%, or 16.45 points, to close the day at 1,310.05 points, with winning stocks far outnumbering losers by 259 to 113. There were more than 644 million shares worth some VND21.8 trillion changing hands on the southern market, surging 31.25% in volume and 33.66% in value compared with the previous session. Some 25.7 million shares worth VND1.66 trillion were traded in block deals. In the VN30 basket, dairy producer VNM and low-cost carrier VJC were the only two stocks that lost ground, falling …

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The EVFTA, which took effect on August 1 last year, has given an impulse to bilateral exportation and importation, with Vietnam currently recording a trade surplus with the EU. In the first half of 2021, the country’s exports to the EU stood at US$19.3 billion while imports from this bloc grew 17.2 percent from a year earlier to $8.14 billion. The import turnover was $14.65 billion in 2020, up 4.3 percent year on year. The largest EU exporters to Vietnam consist of Germany, Italy, France, the Netherlands, Spain, Belgium, Sweden, and Ireland, which accounted for 85 percent of the country’s total imports from the EU last year. Computers, electronic products and components; machinery, equipment, tools, and spare parts; along with pharmaceutical products are the main groups of items with billions-of-US-dollar imports from the EU. They saw respective import turnover of $4.1 billion, $3.1 billion, and $1.75 billion last year, according to the General Department of Vietnam Customs. …

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A webinar held on July 30 to the one-year performance of the EU-Vietnam Free Trade Agreement The European Chamber of Commerce hosted a webinar on July 30 to mark the first anniversary of the implementation of the EU-Vietnam Free Trade Agreement (EVFTA) with more than 200 attendees and featuring special guest speakers from the Ministry of Industry and Trade (MoIT), the Vietnamese Embassy in the EU, and the EU Delegation to Vietnam. This historic new-generation free trade agreement was implemented on August 1, 2020. From the moment it entered into force, 65 per cent of EU exports to Vietnam and 71 per cent of Vietnamese exports to the EU became tariff-free. Over the next decade, this will rise to almost 99 per cent. The webinar evaluated the first 12 months of implementation and discussed opportunities for further cooperation in the future. In the first six months of 2021, the value of EU-Vietnam trade reached $27 billion. That represents an increase of more than 18 per cent …

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Illustrative photo (Source: themalaysianreserve) Kuala Lumpur (VNA) - As Malaysia speeds forward in its digital transformation journey, the accounting sector is no stranger to the influence of technology by replacing analogue tools with digital equivalents, said Associate Professor Dr Nor Shaipah Abdul Wahab , Acting Head of School for the School of Accounting & Finance at the Malaysian Taylor’s Business School. According to the expert, the nation’s rapid acceleration in digitisation is further validated through MyDigital, its Digital Economy Blueprint that charts the growth trajectory of the economy. She said the introduction of tools like blockchain are set to elevate the accounting profession by being able to offer strong protection of client’s information, thus making fraud and the lack of trust a thing in a past. Although technologies like this may still be new to some, it is crucial to note that accountants can rely greatly on blockchain, to keep up with …

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Vietnam's export turnover in the first half of 2021 increased by 32.2 percent year-on-year (Photo: VNA) Hanoi (VNA) – There is a great opportunity for Vietnam to promote its exports as global market s are showing signs of recovery , experts have said. Vietnam's total import-export revenue hit over 316.7 billion USD in the first six months of 2021, representing a staggering year-on-year increase of 32.2 percent, despite complicated developments of the COVID-19 pandemic. Experts have predicted that Vietnam’s import-export turnover is likely to enjoy positive results in 2021. Growth led by processing industry Vietnam’s export turnover reached 57.63 billion USD in the first six months of 2021, up 28.4 percent year-on-year, according to the Ministry of Industry and Trade. Notably, the manufacturing-processing sector raked in 135.5 billion USD, up 31.3 percent from the same period last year and accounted for 85.9 percent of total export s. Most of the key …

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Startups need to identify their core values as well as choose technologies that will be suitable in the distant future. — Photo vietnamplus.vn For many startups, the COVID-19 pandemic has been a nightmare. However, the pandemic has also opened up a number of new opportunities for those prepared to innovate. According to Le Group, in the first half of the year, the number of firms that ceased doing business was 59,800. However, over the same period, they also recorded the establishment of 78,300 new enterprises, an increase of 11.9 per cent over the same period last year. Many have been, relative to the rest of the economy, quite successful. “It is not difficult to see businesses that were doing well that are now in trouble because of the pandemic. However, it is also undeniable that many startups have grown stronger because their products and technology are suitable for the changes that the pandemic has made to the habits of consumers,” said Hung Tran, co-founder of Got It, …

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