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The US fund is investing in some large-cap stocks such as property firms Vingroup (VIC), Vinhomes (VHM) and Vincom Retail (VRE), dairy firm Vinamilk (VNM), steelmaker Hoa Phat (HPG), Vietcombank (VCB), consumer goods producer Masan (MSN), aviation business Vietjet (VJC), brewer Sabeco (SAB), and PetroVietnam Gas (GAS). … [Read more...] about Market steadies amid ETF quarterly review

In total, 17 items witnessed export turnover exceeding US$1 billion, making up 82% of total export turnover. They included phones and components, electronics, computers and components, textiles and garments, machinery, equipment and spare parts, along with footwear and wooden products. … [Read more...] about Nation racks up US$1.9 billion trade surplus over five-month period

Hanoi (VNA) - Vietnam reported a trade surplus of 1.9 billion USD in the first five months of this year amid the ongoing complexity for global markets caused by the COVID-19 pandemic. According to the General Statistics Office (GSO), export turnover reached 99.36 billion USD, down 1.7 percent year-on-year. The domestic sector’s export value was 33.3 billion USD, up 10.4 percent compared to the same period last year, while the FDI sector’s exports, including crude oil, were valued at 66.06 billion USD, down 6.9 percent. Commodities seeing strong growth in export value during the period included machinery, equipment, tools, and spare parts with 25 percent; computers, electronic products, and components with 22.1 percent; rice with 17.2 percent; coffee with 2.9 percent; and cashew nuts with 2.2 percent. Those with declining turnover were telephones and components (8.8 percent), textiles (14.5 percent), footwear (4.6 percent), fruit and vegetables (10.3 percent), rubber … [Read more...] about Vietnam posts 1.9bln USD trade surplus in first five months

Hanoi (VNA) - The agro-forestry-fishery sector recorded a trade surplus of close to 3.3 billion USD in the first five months of 2020, a decline of a mere 2.3 percent year-on-year. According to the Ministry of Agriculture and Rural Development (MARD), shipments overseas during the period brought in nearly 15.5 billion USD, down 4.1 percent year-on-year. Exports of key farm produce, husbandry products, fisheries, and forestry products earned approximately 7.4 billion USD, 210 million USD, 2.6 billion USD, and 4.2 billion USD, respectively. All were down year-on-year, by between 1.5 and 19 percent. Most products saw lower export revenue compared to last year, with earnings for tra fish, rubber, fruit, shrimp, peppercorn, and tea falling sharply. By contrast, shipments of coffee, rice, vegetables, cinnamon, and bamboo and rattan posted higher value. China remained Vietnam’s largest export market in the January-May period, with 3.7 billion USD. Despite showing a decline of 15.5 … [Read more...] about Five-month agro-forestry-fishery trade surplus nearly 3.3bn USD

 “We notice a good sign that customers prefer our products, especislly newly introduced office fashion lines," said Bui Duc Thang, Marketing Chief of the Garments 10 Company. "Revenue has gradually increased and our business has fairly returned to normal.” … [Read more...] about Domestic market fully tapped to rescue businesses