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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

Martial artist Lê Hồng Tuấn (left) competes with Wichian Sripaengpong of Thailand in the final of the men's 55kg category on May 21. — VNA/VNS Photo Tuấn Đức Thanh Nga HÀ NỘI — Martial artist Lê Hồng Tuấn brought the Vietnamese vovinam team one more gold medal on May 21. Tuấn made fans at the Sóc Sơn Gymnasium jump for joy as he smashed Wichian Sripaengpong of Thailand 11-1 in the final of the men's 55kg category to take the gold medal. Earlier, Tuấn defeated Din Ten of Cambodia 8-4 in the semi-final. The Cambodian athlete won the world championship twice in the 54kg weight class in 2017 and 2019. He also won the Asian title in 2018. Tuấn proved his power as he faced a strong opponent from Cambodia. He controlled the game from the beginning and took the lead of 5-1 at the end of the second half. In the third half, Din attacked more to level the score. The Cambodian player scored two points continuously to narrow the gap to 5-3. However, Tuấn still calmly … [Read more...] about Martial artist Tuấn wins gold for vovinam team

Teen Vanessa Sarno dominates the 71kg field to win the gold. — Inquirer/ANN Photo Thanh Hà HÀ NỘI — Weightlifters set records one after the other on May 21 at the Hà Nội Sports Training and Competition Centre. Young lifter Rahmat Erwin Abdullah of Indonesia won a gold medal and broke a Games record in the men's 73kg. The 21-year-old athlete succeeded with a 155kg lift in the snatch. This record is also a personal record for Erwin. His previous heaviest lift was a significantly lighter 145kg . Moving on to the clean and jerk class, Erwin almost immediately beat his competitors at the first opportunity, immediately lifting 180kg. This again surpassed the SEA Games record of 177kg. Erwin increased his burden further to 190kg and managed it perfectly on the second attempt. Erwin lifted a huge 345kg in total. Meanwhile, Doungsri won silver with 321kg, and Hidayat took bronze on 316kg which bettered his national record of 312kg set in Melaka in 2020. … [Read more...] about More weightlifting records fall

A view of Cisco Office which is deploying hybrid working model. Cybersecurity is critical for making hybrid working safe in Viet Nam. — Photo courtesy of the firm Hybrid working has improved total employee wellbeing, work-life balance, and performance in Viet Nam, according to a new global Cisco study. While organisations have benefited from higher employee productivity levels, more needs to be done to build an inclusive culture and fully embed hybrid work arrangements to boost readiness levels and enhance employee experience. Cisco's "Employees are ready for hybrid work, are you?" study found that 70 per cent of employees in Viet Nam believe that the quality of work has improved. A similar number (67 per cent) felt that their productivity has enhanced. On top of that, 84 per cent also feel their role can now be performed just as successfully remotely as in the office. However, the survey of 28,000 employees from 27 countries, including over 1,050 respondents from Viet Nam, … [Read more...] about Hybrid work enhances employee well-being in Viet Nam