The VN-Index recorded nine hikes in he two weeks since the end of the Lunar New Year holidays (Photo: VietnamPlus) Hanoi (VNA) - This week, Vietnam’s stock markets closed in the green, as the benchmark VN-Index rose 1.34 points to 988.91 points while the HNX-Index inched up 0.7 point to 106.82 points. The VN-Index on the Ho Chi Minh City Stock Exchange (HoSE) enjoyed increases in the whole week (from February 18 to 22) and it was also the ninth hike in two weeks. On February 22, there were 144 rising codes and 152 in decline. The VN30, which measures the performance of the 30 stocks with the highest market capitalisation and liquidity on the HoSE, had 17 advancing codes and 12 others end in red, while one code was flat. In the week, foreign investors posted net purchase value of 772.92 trillion VND (33.02 billion USD), equivalent to 23.64 million shares. E1VFVN30 topped the list with 15.4 million shares purchased, followed by HPG with 8 million shares. The … [Read more...] about Will VN-Index hit 1,000-point mark thanks to investors’ positivity?
Vietnamese rice shipments have stayed in good shape from the beginning of March thanks to the robust demand from Iraq, Malaysia, Cuba and China. — Photo vneconomy.vnViet Nam News HÀ NỘI — Vietnamese enterprises see a chance to export 20,000 tonnes of rice to Egypt, according to the Ministry of Industry and Trade’s Import-Export Department. The department said that it had received a tender notice from the Egyptian Ministry of Supply and Internal Trade. Under the tender notice, the minimum amount is 20,000 tonnes of rice (± 10 per cent). The type of rice required is short- and medium-grain white rice with 10-12 per cent broken rice. The rice must be harvested in the last crop of 2018 and meet Egypt’s requirements. The volume of rice will be shipped to Egypt in two phases, from June 1-15 and from June 16-30, 2019. The time for bidding is March 30 (before 12:00) and the offer is valid until April 30 (18:00 local time).The Import-Export Department … [Read more...] about VN sees rice export opportunity to Egypt
Nguyen Quang Hai (L) turned in more stunning performances at the Asian Cup (Source: VNA) Hanoi (VNS/VNA) - From the Asian U23 Championships a year ago through the Asian Games, the AFF Cup and recently the Asian Cup, Vietnamese footballers have shone on the international stage. Now, the team’s stars need to play club football abroad to reach their full potential. Fox Sports Asia recently named five young players likely to move abroad after the Asian Cup, including midfielder Nguyen Quang Hai. "While he plays for Hanoi FC in Vietnam currently, his fleet-footed dribbling abilities and eye for goal would definitely have attracted the attention of other teams in Asia, perhaps even in the J-League," the website wrote of the diminutive playmaker. It is not the first time Fox’s reporters have urged Hai to leave Hanoi. Last September, Scott McIntyre published an article on foxsportsasia.com entitled ‘Quang Hai needs to move abroad now’. McIntyre heaped praise on … [Read more...] about VN’s football talents should sharpen their skills abroad
The Binh Dien Farm Produce Market in HCM City’s District 8. — VNS File Photo The programme aims for improvement of quality of goods under VietGap and HACPP (Hazard Analysis and Critical Control Points) standards, and investment in packaging, models, designs, brand registration and product traceability. Higher standards and investments are expected to help bring more farm produce from Vietnam to overseas markets. Other localities that supply goods to HCM City will have to meet the same standards and conditions. The city’s distribution system will be responsible for signing purchasing contracts with suppliers to ensure that it would receive goods meeting VietGap and HACPP standards of product safety, traceability and brand names. Through this programme, the city aims to build a close association between producers, distributors and consumers, and to establish connections among localities. Distributors will only accept goods which have brand traceability and meet the … [Read more...] about HCMC programme supports VN produce
The proportion of automobile parts made in Vietnam remains modest because of problems in production costs and quality. According to Bui Thanh Nam, general director of Ha Noi Plastics JSC, the company is now a reliable partner of Honda, Toyota, Piaggio, VMEP, Panasonic and LG. In 2010, Ha Noi Plastics could only make two components for Toyota. But in 2018, it could make 30 components and the figure increased by 14 in 2019. The company has found new clients, including VinFast, Toyota Boshoku, Ler, Visteon and Hyundai.The last chance The proportion of automobile parts made in Vietnam remains modest because of problems in production costs and quality. According to Nguyen Trung Hieu from VAMA, it is now an important moment for Vietnam as it has the last opportunity to develop an automobile industry of its own. After 8-10 years, under the FTAs of which Vietnam is a member, the import tariff will be cut to zero percent. Kim Chi To develop Vietnam's supporting industries The … [Read more...] about VN automobile support-industry growth remains modest