Foreign investors continued to be net sellers to the tune of VND150 billion on all three bourses, with selling pressure mostly on HPG of Hoa Phat Group, down 3.2 percent, VNM of dairy giant Vinamilk, down 1.4 percent, and GAS of energy giant PetroVietnam Gas, which lost 1.7 percent. … [Read more...] about VN-Index plummets back to January nadir
Construction materials stocks
Vietnamese firms told to be ready for legal challenges when exporting to US
Vietnamese enterprises must be well prepared for legal issues if they seek to export to the US market, a seminar heard in HCM City last week. Tran Phu Lu, deputy director of the Investment and Trade Promotion Centre of HCM City (ITPC), said the US is Viet Nam’s largest export market and major items include seafood, textiles, footwear, and farm produce. … [Read more...] about Vietnamese firms told to be ready for legal challenges when exporting to US
An ambition of huge revenue
We are not satisfied with our products’ outstanding quality that results from imported technologies and materials. Therefore, the group has gradually improved itself to produce many essential materials for its production, such as ink and pen tips, thus reducing reliance on international partners’ supplies of essential materials. Thien Long has also taken the initiative in the design and production of molds and automated assembly machines to serve its production and accelerate the automation process. The firm’s automation rate has reached over 74%. … [Read more...] about An ambition of huge revenue
Vietnam achieves poverty reduction goals
Hanoi (VNS/VNA) - Vietnam has gained impressive achievements in poverty reduction in recent years under the leadership of the Party and the Government, but more will be done to ensure these efforts leave sustainable impacts. Under the leadership of the Party and the Government, localities nationwide have implemented solutions and programmes to help local people develop suitable livelihood models to escape poverty and improve their lives, especially in 2016-2020. The Muong Nhe Nature Reserve in the northern province of Dien Bien started to implement a project to develop the livelihood based on the forest in five communes in the buffer zone of the forest. The project of planting Sa nhan tim (Amomum longiligulare T.L.Wu), a valuable species of medical plants, was first conducted in Sin Thau commune, the westernmost area of the country. Initially, local people were reluctant to join the project as they were unaware of the economic benefits gained from growing … [Read more...] about Vietnam achieves poverty reduction goals
Hayward Quartz Technology develops $110 million semiconductor factory in Danang
Hayward Quartz Technology will build a $110 million semiconductor factory in Danang Hi-Tech Park Covering an area of 102,200 square metres, Hayward Quartz Technology Inc.'s United States Enterprises project is designed in two phases. The first phase has an area of 61,578 sq.m with capital investment of $66 million. The project is expected to begin construction in the second quarter of 2021 and put it into operation in the second quarter of 2023. … [Read more...] about Hayward Quartz Technology develops $110 million semiconductor factory in Danang
