Banking stocks to buy

While there are many young workers in cities who are working hard to own a house, there are also some people who have decided to give up this dream for certain reasons. Giving up a mental burden Huynh Anh Tuan, a city dweller of Phu Huu District in Thu Duc City, Ho Chi Minh City, who suffered from a sharp drop in income during the COVID -19 pandemic, decided not to pursue his dream of owning a home. When he gave up on the plan, he felt relaxed after the great pressure was gone. Tuan set a goal many years ago to own his own home before he turned 30. To that end, Tuan took on many freelance jobs after graduating from college and invested a small amount in stocks. In addition, an acquaintance promised to lend him VND500 million ($21,650) if he bought a house, which fueled his strategy over time, at least before the pandemic. Although he had such an ambitious plan, now, at the age of 28, Huynh Anh Tuan is changing his mind because of COVID -19. As a freelancer, Tuan has … [Read more...] about “To buy or not to buy a house” an important question

The market’s forward price-to-earning (P/E) ratio has declined from 14.1 to 10.9 since April, tracking the 23 percent drop by the benchmark VN-Index. The fund’s founder, Petri Deryng, said the crash came as "a complete surprise" as there was news of robust earnings growth and valuations were modest. Vietnam’s valuations are now irrational with a forward P/E ratio of 10.9 though Q1 earnings growth was 31 percent and the forecast for the full year is 19-29 percent, he said. Vietnam’s five-year historical rolling P/E has been 16.5, and even topped 20 during periods of strong earnings growth, he pointed out. "The outlook of the global stock markets cannot be ignored when assessing the possible timing of the bull runs of the Vietnamese market, but at these valuations Vietnam offers a stable economy and extremely cheap stocks," he said in a note published Thursday. Vietnam’s stock market was affected by the conflict in Ukraine and the fall of the Nasdaq, but the crash was mainly … [Read more...] about Vietnam stocks ‘extremely cheap’: Finnish fund

A representative of the HCM City Labour Confederation presents bank savings books to workers suffering from occupational accidents and diseases in District 5 on Friday, May 20. — VNA/VNS Photo Thanh Vũ HCM CITY — Regular communication and training in occupational safety is vital to ensure better working conditions and health protection, reducing workplace accidents, a senior labour leader says. Phạm Chí Tâm, deputy chairman of the HCM City Labour Federation, said at a conference held in the city last Friday (May 20) that it was necessary that the work on occupational safety and health in agencies, units, and business establishments becomes a “habit.” HCM City is among localities in the country with the highest number of work-related accidents. However, it has been making progress in this regard, the conference heard. Last year, the city recorded 544 occupational accidents, down 45.9 per cent over the previous year. These resulted in 549 deaths and injuries, a year-on-year … [Read more...] about HCM City should do more to reduce occupational hazards: conference