Markets

Vietnamese shares picked up on Thursday morning, propped up by a string of positive news for the market and domestic economy. — Photo ndh.vn Vietnamese shares picked up on Thursday morning, propped up by a string of positive news for the market and domestic economy. The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.06 per cent to close at 994.93 points. On the Ha Noi Stock Exchange, the HNX-Index rose 0.35 per cent to end at 103.38 points. More than 88.5 million shares were traded on the two bourses, worth VND1.9 trillion (US$80 million). Seafood stocks gained after the US Department of Commerce (DOC) exempted anti-dumping tariffs for shrimp exporters of Việt Nam in the 13th period of review (POR 13). Gainers included Bentre Aquaproduct Import And Export JSC (ABT), Sao Ta Foods Joint Stock Company (FMC), I.D.I International Development & Investment Corporation (IDI) and Minh Phu Seafood Corporation (MPC). Oil and gas stocks also witnessed growth among … [Read more...] about Shares up on seafood stocks

A corner at Nam Dinh Vu Port in the northern port city of Hai Phong, which is being operated by logistics firm Gemadept. The company's shares have gained nearly 13 per cent in the last three trading weeks. — Photo gemadept.com.vn The UK-based Vietnam Investments (VI) Fund II LP plans to sell more than 58 million shares of logistics firm Gemadept JSC. The fund will offer those shares for sale between August 23 and September 20, 2019. After the deal, VI Fund II will cut its ownership at Gemadept to zero from the current 19.55 per cent. VI Fund II had sold nearly 29.7 million Gemadept shares to slash its stake in the Vietnamese logistics firm to 19.55 per cent from previous 29.55 per cent, or more than 87.7 million shares. Transactions were carried out between July 8 and August 2. During the period, SSJ Consulting (Vietnam) Limited Liability Company registered to purchase nearly 29.7 million Gemadept shares between July 5 and August 2. Gemadept shares (HoSE: GMD) had gained as much … [Read more...] about Foreign funds to exit logistics firm Gemadept

Coffee is harvested by the Vietnam National Coffee Corporation Ltd's employees. The State-owned coffee producer has 20 members that have not completed their restructuring plans. — Photo cafef.vn Loss-making, low-profitability State-owned agriculture firms should be dissolved and made bankrupt, said Deputy Prime Minister Vuong Dinh Hue on August 21. Special regulations are needed for those loss-making, low-profitability firms to stop operating, he told a meeting on the restructuring of agriculture and forestry businesses. He asked the Ministry of Agriculture and Rural Development (MARD) to hasten and complete re-arranging State-owned firms by 2020 to improve their performance and efficiency. Hue appreciated the efforts of the ministry, its agencies and State-owned agriculture firms for having striven to improve their performances in recent years. He urged the companies to continue improving the quality of corporate governance, financial capability and production capacity. In … [Read more...] about Loss-making, low-profitability firms to be eliminated

An investor watches stocks move on his computer screen. Vietnamese shares ended Wednesday morning on different paths while trading liquidity was still moderate. — Photo tinnhanhchungkhoan.vn Vietnamese shares were mixed on Wednesday morning, with moderate trading liquidity being recorded on the two local exchanges. The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.63 per cent to close at 990.89 points. On the Ha Noi Stock Exchange, the HNX-Index inched down 0.15 per cent to end at 102.82 points. Nearly 111 million shares were traded on the two bourses, worth VND2.5 trillion (US$107.5 million). Petro firms were the best performing stocks in the morning, boosting their sector index up 3.4 per cent, data on vietstock.vn showed. PetroVietnam Drilling and Well Services (PVD) surged 6.7 per cent. PetroVietnam Mud Drilling Corp (PVC) and PetroVietnam Technical Services (PVS) jumped 4.1 per cent and 3.3 per cent, respectively. Following the energy sector were banking, … [Read more...] about VN stocks mixed, trading liquidity remains moderate

The Vietnamese stock market was driven by the securities, energy, banking, retail, construction and seafood processing sectors. — Photo blog.siliconstraits.vn Vietnamese shares rose thanks to the positive movements of banking and energy stocks. The VN-Index on the Ho Chi Minh Stock Exchange inched up 0.08 per cent to end the morning session at 981.79 points. On the Ha Noi Stock Exchange, the HNX-Index increased 0.15 per cent to 102.74 points. Some 104 million shares worth nearly VND2.5 trillion (US$108 million) traded on the two markets. The Vietnamese stock market was driven by the securities, energy, banking, retail, construction and seafood processing sectors. Their sector indices rose between 0.02 per cent and 0.96 per cent, data on vietstock.vn showed. Large-cap stocks dropped with the VN30-Index decreasing by 0.04 per cent to end at 891.42 points. Banking stocks such as Việt Nam Thương Tín Commercial Joint Stock Bank (VBB), Asia Commercial Bank … [Read more...] about Banking and oil stocks push shares up