Vinhomes Imperia Hải Phòng Urban Area, a project built by Vingroup. The company's shares soared nearly 3.5 per cent on Wednesday, leading the market's uptrend. — VNA/VNS Photo The Vietnamese stock market recovered on stronger demand force after recent corrections, while foreign investors continued to withdraw from main exchanges. The VN-Index on the Hồ Chí Minh Stock Exchange increased over 14.6 points, or 1.21 per cent, to close Wednesday at 1,266.11 points. The recovery helped recoup most of the losses hit in the last two sessions. On the southern bourse, breadth of the market returned to a positive zone with 275 stocks advancing, while 52 ended lower. Liquidity decreased over the previous session, but remained above VNĐ20 trillion. Particularly, VNĐ20.37 trillion (US$838.25 million) worth of shares was traded on HoSE, equal to more than 878 million shares. The index's reversal was mainly driven by strong rebounds in real estate stocks and other pillars in the securities … [Read more...] about Market rebounds, ending two-day losing streak
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Feasibility in disbursement must be studied carefully for future public-invested projects
The workload remained huge for the transport sector in the remaining months of this year as more than VNĐ45 trillion must be disbursed. — Photo baochinhphu.vn Feasibility in disbursement must be studied carefully before proposing and approving new public – investment projects, Deputy Prime Minister Trần Lưu Quang said during a meeting with the Working Group No 3 including 17 ministries and agencies on solutions to speed up disbursement of public investment in remaining months of this year. Quang said that many projects had been raised for allocation of public investment but failed to be implemented for many years. The Ministry of Planning and Investment’s report showed that under the National Assembly’s plan, the total public investment this year was at VNĐ711.68 trillion (US$29.16 billion), in which the Working Group No 3 was in charge of nearly VNĐ43 trillion. As of August 31, the group reported the disbursement rate of 44.12 per cent, higher than the country’s average of … [Read more...] about Feasibility in disbursement must be studied carefully for future public-invested projects
Vietnam moves up 4 places in Economic Freedom of World index
Vietnam has maintained a consistent upward trajectory since 2015, reflecting the government's efforts to restructure the economy toward full market-oriented development and international integration. Vietnam has climbed four places to secure the 106th position out of 165 countries and territories in the Economic Freedom of the World index, according to the Canada-based Fraser Institute. Manufacturing of mechanical products at Tam Hop Company in Soc Son District, Hanoi. Photo: Viet Linh/The Hanoi Times The Economic Freedom of the World index evaluates the extent to which policies and institutions support economic freedom. It is published annually by the Fraser Institute in collaboration with the Economic Freedom Network, a coalition of independent research and educational institutions covering nearly 100 countries and territories. Singapore currently leads the world in economic freedom, followed by Hong Kong (China), Switzerland, New Zealand, the US, and … [Read more...] about Vietnam moves up 4 places in Economic Freedom of World index
Vietnam suffer 0-4 defeat against Iran in Asian Games football
Featured Bangkok, Hanoi, Jakarta (GMT+7) Oldest Latest Has news updated 90'+3 Game over Vietnam lost 0-4 to Iran and will have to play a crucial match against Saudi Arabia in the final game of group B. 90'+2 4-0 After consecutive corners from Iran, Aria Barzegar scored from a header to make it 4-0. 90' Keeper Van Chuan saved a great header from an Iran attacker. The game has three additional minutes. 87' Vietnam are still unable to break Iran's defense, as they are inferior in strength and pace. 80' Nguyen Dinh Bac tried his luck with a long-distance shot but caused no trouble for keeper Hosseini. 70' With a safe three-goal lead, Iran played slower but could still create dangerous chances. Meanwhile, Vietnam still struggled with their attacks. 69' Another substitution for Vietnam, with Nguyen … [Read more...] about Vietnam suffer 0-4 defeat against Iran in Asian Games football
Woman sheds 10 kg on ‘rainbow diet’
At 1.63-meter tall, Huynh, 22, used to weigh 62 kg. To lose weight, she tried many unhealthy methods, ranging from starving herself to exercising obsessively and using pills. Huynh used to weigh 62 kg. Photo courtesy of Huynh She then stuck to a diet of only chicken breast, boiled vegetables, and no carbohydrates. She also forced herself to exercise between three and four hours a day. Her weight dramatically reduced after a month, but she still had more fat than muscle, so Huynh was not satisfied and continued to starve herself, as well as exercise intensively. But the opposite effect was created when Huynh then began suffering from a binge-eating disorder not long after that. She ate even when she was not hungry at all. She then began to suffer from bulimia. "I felt so guilty with my body that I tried forcing myself to vomit what I took in many times," Huynh said. After a year living in these extreme and fluctuating unhealthy ways, she began to suffer from low … [Read more...] about Woman sheds 10 kg on ‘rainbow diet’
US finalizes rules to prevent China from benefiting from $52B in chips funding
Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Photo by Reuters The regulation is the final hurdle before the Biden administration can begin awarding $39 billion in subsidies for semiconductor production. The landmark "Chips and Science" law provides $52.7 billion for U.S. semiconductor production, research and workforce development. The regulation, first proposed in March, sets "guardrails" by limiting recipients of U.S. funding from investing in expanding semiconductor manufacturing in foreign countries of concern like China and Russia, and limits recipients of incentive funds from engaging in joint research or technology licensing efforts with foreign entities of concern. In October 2022, the department issued new export controls to cut China off from certain semiconductor chips made with U.S. equipment in its bid to slow Beijing's technological and military advances. "We … [Read more...] about US finalizes rules to prevent China from benefiting from $52B in chips funding
☀️ Morning digest September 25
Hanoi (VNA) - The following is a list of selected news summaries reported last weekend by the Vietnam News Agency. - Trust, sincerity and solidarity on the global scale with the role of the United Nations and the participation of all countries will help the international community to address difficulties, overcome challenges, and promote peace, cooperation and prosperous development across the world, thus bringing happiness and well-being to all people, said PM Pham Minh Chinh delivers a speech at the General Debate of the 78th session of the United Nations General Assembly. (Photo: VNA) While delivering a speech at the General Debate of the 78th session of the United Nations General Assembly in New York on September 22, PM Chinh said Vietnam, which suffered severe pains, sacrifices and losses from wars as well as blockage and embargo in the previous century, understands and cherishes the values of peace, cooperation and development, adding with the spirit of “putting aside … [Read more...] about ☀️ Morning digest September 25
Vietnamese rowers bring home first Asian Games medal
Quarter Dinh Thi Hao, Ha Thi Vui, Pham Thi Hue and Du Thi Bong finished third to earn a bronze in the women's coxless fours at the Fuyang Water Sports Center, clocking 6min 52.35sec. The Vietnamese started in lane three and were in the leading group with China and Japan. They even went ahead to take lead in the middle of the race. However, China proved their power to finish first in a time of 6min 42.03sec. Japan passed Vietnam in the last meters for the second position at 6min 47.04sec. In the first competition day, Vietnamese athletes take part in 14 sports including shooting, boxing, men’s football, table tennis, swimming, chess, fencing, esport, judo, rowing, wushu, taekwondo, tennis and gymnastics. They aim to pocket 2-5 gold medals at ASIAD 19, close to the achievement at the ASIAD 18 in Indonesia in 2018, which is the most successful Asian Games of Vietnamese sports to date with five gold medals in women's rowing, athletics, women’s long jump, men's pencak silat, and … [Read more...] about Vietnamese rowers bring home first Asian Games medal
Sixteen killed in accident at state-owned coal mine in China’s Guizhou province
BEIJING - Sixteen people were killed in a coal mine accident in Panzhou city in southern China's Guizhou province on Sunday, according to a filing by the mine's owner, Guizhou Panjiang Refined Coal Co, with the Shanghai Stock Exchange on Monday. All coal mines in Panzhou city have suspending production for a day, according to Shanghai-based commodities consultancy Mysteel. Guizhou's mine safety administration told Reuters it did not have information on the situation. The area has a total production capacity of about 52.5 million metric tons per year of mostly coking coal, representing about 5% of China's coking coal production capacity, according to Mysteel. The state-owned company, also called Panjiang Coal, has ordered safety inspections at all of its mines and has taken measures to ensure safe production, the exchange filing added. The company operates seven coal mines with a total capacity of about 17.3 million tons. The mine where the accident took place has an annual … [Read more...] about Sixteen killed in accident at state-owned coal mine in China’s Guizhou province
Rowing contributes 3 to Vietnam’s 4 first medals at Asian Games
Vietnam won four bronze medals in rowing and taekwondo at the 19th Asian Games in Hangzhou, China on the first two days of official competition. On Monday morning, the Vietnamese rowing team claimed the two latest bronze medals in the women’s four heavyweight coxed and women’s eight heavyweight coxed events. Vietnamese athletes are competing in 13 sports, including women’s football, gymnastics, boxing, chess, fencing, esports, judo, rowing, taekwondo, wushu, swimming, table tennis, and shooting. Previously, four rowers Dinh Thi Hao, Du Thi Bong, Ha Thi Vui, and Pham Thi Hue finished third in six minutes and 52.35 seconds to earn a bronze in the women’s coxless fours on Sunday. Host China finished first in six minutes and 42.03 seconds and Japan passed Vietnam in the last meters for the second position, clocking six minutes and 47.04 seconds. Later on the same day, martial artist Tran Ho Duy secured a bronze medal in the men’s individual poomsae category of taekwondo after … [Read more...] about Rowing contributes 3 to Vietnam’s 4 first medals at Asian Games