Nhu Quynh, 23, owner of a food store in District 10, also came to the office to open an account. Having just booked profits in Bitcoin after the cryptocurrency surged in recent weeks before correcting, Quynh said she wants to switch to stocks but only large caps. … [Read more...] about Stock market boom causes stampede as newbies hope to make a killing
American bank and trust company
VIETNAM BUSINESS NEWS JANUARY 16
Dang Hoang Hai Anh, senior economist of the World Bank in the United States, concurred that the domestic purchasing power is a crucial factor. He stressed that before the coronavirus outbreak, an economic growth model based on the domestic purchasing power had been tabled for discussion globally. For Asian nations such as Vietnam where saving rates are high among the local people, efficiently exploiting such sources of capital could help restore the purchasing power. While focusing on the domestic purchasing power, the Government and enterprises would need to include more measures to boost consumption. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 16
VN-Index sees biggest foreign net sell in eight months
State-owned banks recorded mixed results. Of Vietnam’s three biggest lenders by assets, CTG of VietinBank added 0.9 percent, BID of BIDV kept its opening price and VCB of Vietcombank shed 0.7 percent. MBB of mid-sized Military Bank climbed 1.3 percent. … [Read more...] about VN-Index sees biggest foreign net sell in eight months
Social media – a revolution to be feared
When Twitter first labelled Trump’s false claims about election fraud with a warning for the first time on May 26, ,2020, this was not the first time that Twitter executives publicly expressed their views through political interference. The social media platform, as well as Facebook, has been used by various political groups to rally the public and spread its messages, from the Austrian student protests and the Gaza disputes in 2009 to G20 protests in Toronto and the Arab Spring in 2011. Here, however, the attitude displayed by Twitter with these examples is nowhere similar to what transpired with Trump recently, which resembled more of the 2019-2020 protests in Hong Kong – where the platform swiftly removed over 1,000 accounts perceived as being associated with Mainland China – or in June 2020 in Turkey – where over 7,000 accounts believed to be managed by Turkish authorities as a way to facilitate support for President Recep Erdogan were taken down. I will not … [Read more...] about Social media – a revolution to be feared
Vietnamese firms connect with potential partners at Singapore forum
The country’s young start-up ecosystem now consists of some 3,000 companies, one-third of which are engaged in the technology sector, she said, adding that the Government is also working hard to create the best possible conditions for start-ups to grow and stretch their reach to the world. … [Read more...] about Vietnamese firms connect with potential partners at Singapore forum