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10 hopeful bible verses for the new year

/ March 6, 2021

New regulation on minimum trading lot at HOSE aims to keep small investors away

Around $200 billion is now in tumult after a succession of days of network congestion and the news about the required increase in minimum trading lot from 100 to 1,000 shares on the HCM City stock market. Nguyen Giang, owner of The Way Coffee, completed the procedure to open an account at SSI Hanoi Branch after hearing that the HCM CIty Stock Exchange (HOSE) was planning to increase the required minimum trading lot from 100 shares to 1,000 shares. The reason behind the plan, as explained by Le Hai Tra, HOSE’s CEO, was to ease the overload. However, this was not good news for many investors, including Giang. Because of Covid-19, he no longer can work as an outbound tour guide, which he did for 10 years. In 2020, he opened a street coffee shop. However, the third Covid-19 outbreak once again affected his business. Giang then decided to make financial investments as he has confidence in the bright prospects of the stock market. However, the calculations of the investor may fail because of HOSE’s tentative policy. If the tentative policy takes effect, Giang will have to spend VND100 million at least for every purchase transaction of VIC (Vingroup), VJC (Vietjet), VCB (Vietcombank) and VNM (Vinamilk). If buying SAB (Sabeco), he would have to spend VND180 million at least, and ifor VCF (Vinacafe Bien Hoa), he would have to spend VND240 million. These are very large amounts of money compared with Giang’s investment plan. However, Tra said the policy, once applied, would bring benefits. It would not only help ease congestion thanks to the reduction of 40-50 percent in number of transactions, but would also better protect small investors. Nguyen Duy Hung, president of SSI, also commented that this is the best choice for now to maintain the system’s operation. However, many experts and securities companies don’t share the same view. They have warned that the policy isn't in line with stock market development and discriminates against small and …

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/ March 6, 2021

Diageo Vietnam donates VND3 billion to vaccination program

Diageo Vietnam donates VND3 billion to vaccination program The Saigon Times Jos Duursema, Chief Operating Officer of Diageo Vietnam Limited, has donated VND3 billion to the fundraising appeal “Making COVID-19 Vaccine Contributions with Tuoi Tre” - PHOTO: DIAGEO VIETNAM Diageo Vietnam Limited (DVL) has donated VND3 billion to a vaccination program initiated by Tuoi Tre newspaper, making it one of the first businesses in the country to join hands with the media to help up to 10,000 frontline workers get vaccinated for free this year. Jos Duursema, Chief Operating Officer of Diageo Vietnam, said as a British business operating in Vietnam, the company was proud to accompany and support the local communities in every possible way to protect their well-being and promote sustainable development for the country. “Through partnerships with trusted partners, Diageo Vietnam hopes to secure more opportunities to access effective prevention and treatment for Covid-19, hence empowering Vietnamese people with the freedom to live a healthy and successful life,” Duursema said. He said the sense of values and purposes guides Diageo’s business operations and social activities on a global scale. Last June, Diageo Vietnam partnered with the Central Committee of Vietnam Fatherland Front to present the Ministry of Health with hand sanitizer bottles worth VND670 million, alongside its campaign “Clean Serve by Diageo” which provided sanitizing kits and guidelines for more than 315 bars and clubs across the country. …

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/ March 6, 2021

PM Phuc calls on combined strength for stronger national development

These remarks were made by Prime Minister Nguyen Xuan Phuc at an event known as “Dialogue 2045” with various business representatives and intellectuals at the Thong Nhat Conference Hall in Ho Chi Minh City on March 6, featuring the participation of many senior leaders. The Government leader reviewed the achievements following nearly 35 years of pursuing the renewal process under the leadership of the Community Party of Vietnam (CPV), with the national economy enjoying positive growth. The lives of local people have been greatly improved, with the life expectancy increasing compared with advanced countries such as Japan and Singapore, with greater attention being given to a range of social and cultural issues. PM Phuc therefore highlighted the contributions made by the local the business community to the nation over the past 35 years of Doi Moi (Renewal), expressing hope that firms can learn new ideas to transform the nation into a developed and high-income country. The nation must be home to business giants capable of competing both regionally and globally by unlocking the potential and making use of the strengths of citizens living and working inside and outside of the country, he emphasized. The nation must also strive to lure and promote external resources in terms of technology, knowledge, and innovation, along with building a brighter future. Dialogue 2045 was held as part of efforts to chart a course of actions to translate the development goals through to 2045. In line with the Resolution adopted at the 13th National Party Congress, the country expects to move out of its low middle-income status by 2025. According to the schedule, the nation will become an upper-middle income country by 2030 and gain developed and high-income nation status by 2045. These are the key time milestones as the country prepares to mark the 50th anniversary of liberation of the South and national reunification in 2025, the 100th founding anniversary of the CPV in …

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