The VN-Index, which tracks the performance of the Ho Chi Minh Stock Exchange (HoSE), closed above the resistance area of 1,100 points, equivalent to 1,120 points of the VN30-Index, in the last trading week. Although cash flow has not improved much, supply pressure has not put great pressure on the market. The market is expected to continue to be supported and gain points in the next trading sessions. Therefore, investors can still expect the market to expand the uptrend and exploit some short-term opportunities in stocks with positive accumulation background, said Viet Dragon Securities Co. 2022 was an eventful year for the Vietnamese stock market with many records set. After a prosperous 2021, the VN-Index continued to stay at its historic peak for the first three months of 2022. However, the market then declined, putting itself on the list of the worst performers in the world. As of December 27, the benchmark had dropped 34.2% to 1,004.57 points, from the 1,520-point peak … [Read more...] about Positive prospects for Vietnam’s stock market this year
Chevron stock 52 week high and low
ASEAN discussing 5G deployment roadmap
Deputy Minister of Information and Communications Phan Tam speaks at the ASEAN Conference on 5G . (Photo: Minh Son/Vietnam+) On the morning of October 11, in Hanoi, the ASEAN Conference on 5G took place within the framework of the International Digital Week organized by the Ministry of Information and Communications of Vietnam. Deputy Minister of Information and Communications Phan Tam said that ASEAN countries all have 5G development strategies but are facing problems with infrastructure, standards for deployment and information security. Therefore, the cooperation of ASEAN countries to build a 5G roadmap is one of the priority tasks and goals in the coming time. Lao Minister of Technology and Communications - Boviengkham Vongdara, said technology is one of the contents of long-term cooperation between Laos and Vietnam. "Laos wants to learn from the experiences of other countries, including Vietnam, which has achieved many achievements in digital transformation," … [Read more...] about ASEAN discussing 5G deployment roadmap
Japan to drop mask guidance, relax Covid strategy
Japan's government will drop its recommendation to wear masks indoors and downgrade its medical classification for Covid-19, Prime Minister Fumio Kishida said Friday. Japanese Prime Minister Fumio Kishida removes his face mask before his speech during a plenary session of the upper house of parliament in Tokyo on January 27, 2023. (Photo by Kazuhiro NOGI / AFP) The changes, effective from early May, will classify the disease on the same level as the flu, down from its current status on par with tuberculosis and SARS. "As for masking, regardless of indoors and outdoors, the decision will be left up to individuals," Kishida told a televised government meeting. "We will take further steps towards 'life with corona' and make steady progress on returning to normality in homes, schools, workplaces, neighbourhoods and all facets of life." Masks are ubiquitous in public places and are commonly worn outdoors as well, despite the government having already said they … [Read more...] about Japan to drop mask guidance, relax Covid strategy
Vietnam government should intervene in bond market: ADB economist
Between VND150-200 trillion ($6.4-8.5 billion) in bonds are set to mature this year, and if the bond market is left to self-regulate, systemic risks could spread to the banking sector and the entire financial market, Cuong told VnExpress in an interview. Although Vietnam concluded 2022 with a strong post-pandemic recovery, several financial problems plagued the economy last year, among them bond market issues . As there were many high-profile arrests due to alleged misconduct in bond issuance, companies prematurely redeemed VND210.57 trillion worth of their own bonds last year, up 46% from 2021. Although the market could be left to fix its own problems, Cuong said that it is recommended that the government intervenes with policies to ensure post-pandemic recovery, as one problem in the market could shake the market in a major way this year. He added that in the 2008 financial crisis, the U.S. government initially let the market corrects itself, but after Lehman Brothers … [Read more...] about Vietnam government should intervene in bond market: ADB economist
Local game developers eye great opportunities at home
Illustrative image (Photo: vietnamnet) Hanoi (VNA) – The bustling game market in Vietnam is offering numerous opportunities for developers, according to experts. Le Quang Tu Do, Director of the Authority of Broadcasting , Television and Electronic Information under the Ministry of Information and Communications (MIC), cited data from App Annie 2020 showing that Vietnam ranked seventh in the world and second in Southeast Asia in the number of game downloads. Meanwhile, the country also ranked third in the top 10 game application manufacturers in the region. For every 25 games downloaded, there is one produced in Vietnamese studios. According to the statistics of Sensor Tower and the Vietnam Game Studio Club, there are currently about 5,000 games produced by Vietnamese people, mostly for children, entertainment, and education. Do said that the wage of each game developer in Vietnam is about 187 million VND (7,975 USD) per year, while that of each artist is abour 389 million … [Read more...] about Local game developers eye great opportunities at home
Australia’s Victoria state pins hope on Vietjet’s launch of flights
Pallas said the presence of a carrier from Southeast Asia is a victory of Victoria state’s economy and brings job opportunities to the locality, reflecting the state’s tourism and export strengths. VietJet will run three direct weekly flights from Ho Chi Minh City to Melbourne airport from April and will develop it into a daily service in December 2024. Its flights are expected to bring more than 136,000 passengers to Melbourne each year and add 97 million USD annually to the state's economy. VietJet will be the second Vietnamese airline to operate flights to Melbourne since after the COVID-19 pandemic. Previously, Vietnam's new-generation Bamboo Airways also launched the service in April 2022. Vietnam is now the ninth largest importer of Victoria state, with 113 million AUD (80.5 million USD) worth of Australian goods transported via airway during 2021-2022, up 77% compared to 2020-2021. Victoria state is also a popular tourist and study destination for Vietnamese. About 9,500 … [Read more...] about Australia’s Victoria state pins hope on Vietjet’s launch of flights
Urban flooding needs concerted solutions
A street in Hanoi is flooded after heavy rains. (Photo: VNA) Hanoi (VNA) – Alongside urbanisation , flooding in cities of Vietnam, a country highly vulnerable to climate change, is getting complicated and needs concerted solutions, according to experts. There are more than 800 cities nationwide, including the two special municipalities of Hanoi and Ho Chi Minh City. Big and populous cities such as Hanoi, Ho Chi Minh City, Da Nang, and Vinh of Nghe An province have frequently suffered from heavy losses caused by downpours and flooding. Nguyen Van Tien, Deputy Director of the Vietnam Disaster Management Authority under the Ministry of Agriculture and Rural Development, said Vietnamese cities, especially major ones, are centres of economic, social, and cultural activities and also concentrations of infrastructure facilities and residential areas. They are exposed to many disaster risks, including flooding, which requires proactive preventive and timely response measures. … [Read more...] about Urban flooding needs concerted solutions
Traffic accidents fall during Tet holiday
Police check a driver's papers on Highway No 1 in Chau Thanh district, Tien Giang province.(Photo: VNA) Hanoi (VNA) – As many as 152 traffic accidents occurred in the country during the Tet ( Lunar New Year ) holiday, from January 20 to January 26, a year-on-year decrease of 12 cases, according to the Ministry of Transport. The traffic accidents killed 89 people, down three from last year’s holiday, and injured 111 others, up by eight. The majority were road accidents, while there are four railway and one waterway accidents. Road traffic police nationwide punished 21,967 violators with fines totalling 50.4 billion VND (2.1 million USD). They temporarily confiscated 639 automobiles and more than 9,910 motorbikes and withdrew approximately 4,950 driving licences of different kinds. Of all the violators, more than 7,726 people were fined for high blood alcohol content, an increase of more than 6,600 people compared with the last Tet holiday. On waterways, … [Read more...] about Traffic accidents fall during Tet holiday
NA leader lauds State Audit Office’s crucial contributions
NA Chairman Vuong Dinh Hue (C) and representatives of the SAV (Photo: VNA) Hanoi (VNA) - Chairman of the National Assembly (NA) Vuong Dinh Hue made a new-year visit to the State Audit Office of Vietnam (SAV) on January 27, the first working day after the week-long Lunar New Year holiday . (Photo: VNA) The NA leader also commended the SAV on its external activities. The agency has maintained cooperation mechanism with the state audit agencies of Laos and Cambodia, and made important contributions to the Asian Organisation of Supreme Audit Institutions (ASOSAI) and the ASEAN Supreme Audit Institutions (ASEANSAI). financial and budget discipline s. VNA … [Read more...] about NA leader lauds State Audit Office’s crucial contributions
Laos first in ASEAN to receive ICM accreditation for midwifery training
The college of health sciences in Luang Prabang (Photo: VNA) Vientiane (VNA) – Laos has become the first country in the Association of Southeast Asian Nations (ASEAN) to be accredited by the International Confederation of Midwives (ICM) for meeting criteria set by its Midwifery Education Certification Programme (MEAP). MEAP is based on international best practices serving the training and accreditation of the profession. Its goal is to evaluate pre-service midwifery education programmes against the ICM Global Standards. MEAP is also a benchmark for midwifery education programmes that seek to meet international standards, and Laos is the first country in ASEAN to obtain such accreditation. The accreditation decision was made in the second half of 2022 following a visit to the colleges of health sciences in Champasak, Luang Prabang, and Xiengkhouang provinces. The institutes have met 35 out of a total of 37 ICM standards, with only two partially fulfilled. Dr Bounfeng … [Read more...] about Laos first in ASEAN to receive ICM accreditation for midwifery training