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The index closed 1.4 points lower after gaining 15.9 points Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped 12.6% to VND15.9 trillion ($651.77 million). The VN30 basket, comprising the 30 largest capped stocks, saw 18 tickers fell. SSB of Southeast Asia Commercial Bank (SeABank) dropped 4.8% and STB of Ho Chi Minh City-based lender Sacombank fell 3.3%. VRE of retail real estate arm Vincom Retail closed 2.5% lower and SAB of brewer Sabeco declined by 2.3%. Ten blue chips gained, led by PLX of fuel distributor Petrolimex with a 3.3% increase. Foreign investors were net sellers to the tune of VND509 billion, mainly selling STB of Ho Chi Minh City-based lender Sacombank and GMD of logistics company Gemadept Corp. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.57% while the UPCoM-Index for the Unlisted Public Companies Market dropped 0.33%. … [Read more...] about Stock market stable after strong changes

According to the Ministry of Industry and Trade, 72 countries recognize Vietnam as a market economy, including Canada, Australia, Japan, and South Korea. The UK did so recently with an official letter to the effect. Speaking to VnExpress , a Trade Remedies Authority Department official said since its first anti-dumping investigation case against Vietnam in 2002 the U.S. had been considering the country a non-market economy. In a meeting with the U.S. Secretary of Commerce Gina Raimondo in Washington last Tuesday, Prime Minister Pham Minh Chinh proposed the U.S. to soon recognize Vietnam’s market economy status . The need for recognition of Vietnam's market economy status was also in the joint statement between General Secretary Nguyen Phu Trong and President Joe Biden on upgrading the two countries' relations to a Comprehensive Strategic Partnership. The EU also sees Vietnam as a non-market economy. In 2015, while free-trade agreement negotiations were underway, the EU … [Read more...] about Significance of Vietnam being a market economy

VGC made history as the first Vietnamese firm to exhibit at Cersaie in 2022, and this year will feature alongside renowned global brands like RAK Ceramics, Kale, or Halcón Cerámicas, setting itself apart from other Asian vendors. The booth will feature an array of standout tile products under the Viglacera brand, attracting the attention of a diverse audience, including customers, business leaders, and experts from various fields within the construction industry, from around the world. VGC's participation at Cersaie 2023 goes beyond mere product display, as it signifies the company's strategy to challenge existing standards and revolutionise the construction materials sector. VGC's commitment is to bring Vietnamese-made products shoulder to shoulder with the leading manufacturers of Europe. Viglacera's products have firmly established their presence in major markets such as the US, the UK, Germany, Italy, South Korea, Taiwan (China), and Australia. With nearly … [Read more...] about Viglacera has attended the renowned Cersaie 2023

Vietnam attracted close to US$20.21 billion in foreign investment in the year to September 20, up 7.7 percent year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment. In particular, foreign investors registered to inject over $10.23 billion into nearly 2,300 new projects in the nine-month period, surging 66.3 and 43.6 percent, respectively. The period also saw 934 operational foreign direct investment projects revise up their capital by a total of over $5.15 billion, up 21.5 percent in the number of projects but down 37.3 percent in the additional capital. Foreign investors also conducted around 2,500 transactions to contribute funds to and acquire shares in local firms with total capital of $4.82 billion, edging down five percent in the number of transactions but soaring 47 percent in value. They poured capital into 18 out of 21 national economic industries in Vietnam, with the processing and manufacturing sector taking the lead … [Read more...] about Vietnam’s 9-month foreign investment attraction up 7.7 percent

Huynh Thanh Dat, Minister of Science and Technology, and Susan Elliott AM, interim president and vice-chancellor of Monash University What does it mean to Monash University to successfully host International TECHFEST 2023? We are pleased to host International TECHFEST 2023 – the first time the event has been held in Australia – as we celebrate the milestone of 50 years of diplomatic relations between Vietnam and Australia. We are delighted to collaborate with Vietnam's Ministry of Science and Technology and to have the opportunity to welcome the country's delegation to Monash. International TECHFEST 2023 reflects Monash University’s distinctive global footprint and commitment to international collaborations. It is a wonderful platform to strengthen relations between Monash and Vietnam, and deepen our connections with Vietnamese students, researchers, and industry leaders. Importantly, this event offers a significant opportunity to enhance the potential of the … [Read more...] about Monash University helps Vietnamese startups unlock their potential

At Khoi Dang Tac Khi, a lantern workshop where old-fashioned Mid-Autumn festival lanterns are crafted for and promoted to customers from around the globe, Nguyen Thi Kim Thuy, 31, and her husband are busy preparing for the upcoming holiday. When it all started Founded in 2022, Khoi Dang Tac Khi refers to the sound of a beating drum on a battlefield. Though the workshop was only launched last year, Thuy has been working with lanterns since 2018 when she came across photos of people hanging traditional lanterns on the streets of Hanoi in the 1920s to celebrate the Mid-Autumn festival. The Mid-Autumn Festival, which is celebrated by many Asian countries including Vietnam, is due on the 15th day of the eighth month in the lunar calendar. It is a tradition for children to spend the holiday carrying lanterns, chanting traditional moon-welcoming songs, and playing traditional games. Seeing those pictures of the old days, Thuy was deeply impressed with the sophisticated and … [Read more...] about Ho Chi Minh City couple bring traditional lantern to global audience

Hanoi (VNA) - The livable coastal city of Da Nang, the ancient town of Hoi An , and Phu Quoc island, are destinations considered by foreign experts to be must see attractions for international visitors to Vietnam. Last week, experts from the famous international travel website Travel+Leisure (USA) and The Week (UK) suggested engaging activities that tourists can experience when coming to Da Nang and Hoi An in the central region and Phu Quoc island in the southern region. 10 best things to do in Da Nang and Hoi An According to Travel+Leisure, with pristine beaches, Da Nang is gradually becoming a "magnet" attracting international tourists with luxurious coastal resorts, restaurants, bars, attractive entertainment areas, mysterious mountains and cave systems, and especially the iconic Golden Bridge, the new symbol of Da Nang. Notably, Da Nang is blessed with picture perfect nature with smooth white sand beaches and clear jade blue sea water as beautiful as a painting. … [Read more...] about Must see attractions of Vietnam

The European Union (EU) will apply five assistance tools to Vietnam’s multifaceted development plan, as well as rapidly resolve its Illegal, Unreported and Unregulated (IUU) fishing ‘yellow card’ warning against the Southeast Asian country, the new EU ambassador to Vietnam recently announced. Ambassador Julien Guerrier was speaking at his first media meeting in Hanoi on Wednesday, one day after taking office and presenting his letter of credentials to Vietnamese State President Vo Van Thuong. Vietnam is an important EU partner in its Indo-Pacific strategy and the EU is one of Vietnam’s most reliable and long-standing friends and partners, Guerrier affirmed. The new ambassador pledged that during his four-year term, the EU will continue to help Vietnam realize its vision of becoming a developed economy by 2045 and achieving net-zero emissions by 2050. To that effect, the EU will provide Vietnam with five support tools, the first of which is to continue promoting the … [Read more...] about EU to offer 5 support tools to Vietnam, address IUU fishing warning soon: new ambassador