Current share market

Processing tra fish for export at a Sao Mai Group factory in the southern province of An Giang. Tra fish exports are projected to surge by 97 per cent year-on-year in the first five months of 2022, reaching US$1.1 billion. VNA/VNS Photo Vũ Sinh HÀ NỘI — Demand for Việt Nam’s tra fish (pangasius) is up in major markets, driving the export of the catfish overseas, reports the Việt Nam Association of Seafood Exporters and Producers (VASEP). Tra fish exports are projected to surge by a whopping 97 per cent year-on-year in the first five months of 2022, reaching US$1.1 billion. Besides exporting to traditional markets such as the US and Europe, seafood exporters have expanded markets to take advantage of the new demand. Specifically, Việt Nam has targetted new fish markets in Mexico, Egypt and Thailand. VASEP expert Tạ Hà said that the Mexican market has the largest export value in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) … [Read more...] about Huge haul in new markets for Việt Nam’s tra fish exports

Processing tra fish for export at a Sao Mai Group factory in the southern province of An Giang. Tra fish exports are projected to surge by 97 per cent year-on-year in the first five months of 2022, reaching US$1.1 billion.— VNA/VNS Photo Vu Sinh Demand for Viet Nam’s tra fish (pangasius) is up in major markets, driving the export of the catfish overseas, reports the Viet Nam Association of Seafood Exporters and Producers (VASEP). Tra fish exports are projected to surge by a whopping 97 per cent year-on-year in the first five months of 2022, reaching US$1.1 billion. Besides exporting to traditional markets such as the US and Europe, seafood exporters have expanded markets to take advantage of the new demand. Specifically, Viet Nam has targetted new fish markets in Mexico, Egypt and Thailand. VASEP expert Ta Ha said that the Mexican market has the largest export value in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc. Tra fish … [Read more...] about Huge haul in new markets for Viet Nam’s tra fish exports

A PNJ store in HCM City. The company's shares soared by 7 per cent yesterday. — Photo courtesy of PNJ HÀ NỘI — Shares advanced for a fourth day this week on the Hồ Chí Minh Stock Exchange, driven by the strong growth of blue chips. On the Hồ Chí Minh Stock Exchange, the VN-Index gained 1.33 per cent to close Friday at 1,285.45 points. The southern bourse’s index has expanded 5.4 per cent this week. Information relating to the restructuring of the exchange-traded funds (ETFs) boosted trading in large caps. Twenty-nine out of the top 30 largest shares by market value and liquidity (VN30) gained value while only Sacombank (STB) fell 0.7 per cent. On Friday, the stocks in which the foreign ownership nearly touch the ceiling limit attracted investment. Phú Nhuận Jewelry JSC (PNJ) and Refrigeration Electrical Engineering Corp (REE) hit the ceiling growth of 7 per cent to VNĐ122,300 (US$5.32) for a PNJ share and VNĐ89,600 for a REE share. Among blue chips, … [Read more...] about VN-Index rallies for a forth day on strong growth of blue chips

Nguyễn Thị Kim Thúy during a National Assembly meeting. — VNA/VNS Photo Doãn Tấn Nguyễn Thị Kim Thúy, deputy chair of the National Assembly’s Committee for Social Affairs, spoke to Tuổi Trẻ (Youth) newspaper about the textbook reform programme, which is expected to see the assembly’s highest supervision next year. What is your view on the textbook and curriculum reforms being one of the four topics proposed for the National Assembly’s supreme supervision in 2023? I believe that this matter should not be limited to the oversight of the Standing Committee, but should be under the supreme supervision of the National Assembly (NA). These two NA resolutions [No 88 in 2014 and No 51 in 2017 on textbook and curriculum reforms] have a special significance. According to the roadmap specified in Resolution No 51, after two more years (2024 - 2025 academic year), the first phase of textbook and curriculum reforms will be completed at all levels of general education. The NA’s … [Read more...] about NA’s supreme supervision will contribute to effective textbook, curriculum reforms: NA deputy

Experts from the Hà Nội Department of Agriculture and Rural Development and the Hà Nội Agriculture Promotion Fund visit a chicken raising model for clean eggs with high productivity in Liên Châu Commune, Thanh Oai District in Hà Nội. — Photo courtesy of the Hà Nội Sub-department of Agricultural, Forestry and Fisheries Quality Management HÀ NỘI — Hà Nội’s agricultural sector has strengthened safe agricultural areas to ensure sustainable production and provide a source of clean food for domestic and foreign consumers living in the capital city. Nguyễn Giáp Đông, head of the Ba Vì District's Economic Division, said that the district currently maintained a safe tea production area spanning 1,550ha and productivity of 10.5 tonnes per hectare per year. The output for the whole year is estimated at 16,275 tonnes of fresh buds, worth VNĐ350 million (US$14,900) per hectare per year. To help farmers maintain and expand safe production areas, Ba Vì District has supported and created … [Read more...] about Hà Nội builds safe agricultural production areas

An affordable social housing zone in Định Hòa Ward, Thủ Dầu Một City, in the southern province of Bình Dương. VNA/VNS Photo Chí Tưởng BÌNH DƯƠNG — Nguyễn Thị Huệ Lan wants to buy an affordable social house, but she has been unable to access the market. Lan is from the southern province of Bình Phước but has lived and worked for many years in Thủ Dầu Một City, Bình Dương Province. After saving for a long time, Lan is looking to buy a social house this month as her long-time residence. But she has found that many of them already have owners and new projects are not yet ready. Hữu Phước, from Bến Tre Province though now in Bình Dương Province, said that he has recently moved into a new 30-sq.m social house, which he bought for VNĐ200 million (US$8,500). In order to buy the house, Phước had to sign up a year ago. Workers cannot buy houses without waiting as the demand for social houses was very high. All social houses are sold right after being built. Phước said … [Read more...] about Workers in need of affordable social housing

Garment production for export at Kim Dung Textile and Garment Company in District 12, Ho Chi Minh City. (Photo: SGGP) Dependence on imported raw materials Ms. Nguyen Thi Tuyet Mai, Deputy General Secretary of the Vietnam Textile and Apparel Association, said that the total number of enterprises participating in the textile and garment sector in Vietnam, including foreign and domestic enterprises, is more than 7,000. Of which, only 18 percent of them produce fabric materials, 12 percent produce yarn, 2 percent produce other materials, and the rest are garment enterprises. This fact has put the textile industry in front of the challenge of unstable growth due to its dependence on imported raw materials. Currently, each year, Vietnam imports 100 percent of cotton with an estimated value of US$3.2 billion and 60 percent of fabric with an estimated value of $14 billion. The US is the largest cotton and fabric import market of Vietnam, followed by China, Japan, South Korea, and … [Read more...] about Vietnamese textile-garment industry strong but not stable

US stocks rally again as China premier warns on Covid-hit economy, illustration photo source: freepik.com After a positive session in Europe, the S&P 500 finished Thursday's session up two percent, positioning the broad-based US index to potentially snap a seven-week losing streak depending on Friday's session. "The market was very oversold, and way overdue to bounce," Adam Sarhan of 50 Park Investment said shortly before the market closed. "And what's happening now, the market is bouncing pretty strong." Stock markets have taken a beating this year as central banks have begun to raise interest rates in order to curb the highest consumer price rises in decades. But US stocks pushed higher on Wednesday after investors took a positive view of the Federal Reserve minutes, which raised hopes that while the central bank would move aggressively to lift interest rates, it might be able to halt additional rate hikes as soon as this summer if inflation recedes. Wall Street kept … [Read more...] about US stocks rally again as China premier warns on Covid-hit economy

People and tourists choose to buy tours at the Hong Ngoc Ha travel booth during Ho Chi Minh City Tourism Festival 2022 Specifically, national carriers Vietnam Airlines, Pacific Airlines, and the Vietnam Air Services Company (VASCO) have prepared to supply more than 7.1 million seats during the peak summer season from June 1 to August 15, an increase of 10 percent compared to the same period before the Covid-19 epidemic. On average, during the peak summer season, these airlines will operate 430 domestic flights, especially those to Hanoi, Da Nang, and Ho Chi Minh City. With international routes, Vietnam Airlines and Pacific Airlines provide over 852,000 seats, equivalent to more than 3,600 flights, only 40 percent of the number in 2019 because international travel demand has not recovered as before. Vietravel Airlines also said that the demand for travel and tourism will increase, so it has planned to increase the number of aircraft and frequency of flights to the Central … [Read more...] about Millions of travelers book tours for summer vacation

The National Assembly will this week discuss how to provide more jobs for Vietnam’s citizens, Photo: Le Toan Over the past seven months, Nguyen Duc Minh has been in a lurch to feed his 4-member family, with his wife having had to stop working since late last year for a garment company in Hanoi. Before that time, Minh had been working for a Japanese company based in the capital’s Thang Long Industrial Park for four years. However, the company, producing electronics and plastics equipment, has made a staff cutback of 150 employees including Minh, whose monthly income was about VND7 million ($300). “The company had to reduce production caused by a decrease in export orders from Japan, South Korea, and some European markets,” Minh said. “I hope to be employed again by the company as I learned that the company is going to recover.” In Dong Anh district’s Kim Chung commune, home to Minh’s family, thousands of unemployed people are commonly seen now. They used to work in Thang Long … [Read more...] about All policies on table to ignite enterprises