Ho Chi Minh City eyes $108 billion in exports by 2030 Ho Chi Minh City is striving to earn 70 billion USD in export turnover by 2025 and 108 billion USD by 2030, and maintain an average annual export growth of 9 percent during 2026-2030. The municipal People’s Committee sets the targets at its recently-approved plan on developing export by 2025, with a vision to 2030. To that end, from now to 2025, the city will maintain and support the development of its key products, while making preparations to upgrade industry and participate more deeply in global value chains, and focusing on developing electronics, mechanics, and wood products, which it considers a foundation for its export growth in the time ahead. In addition, the city will upgrade infrastructure serving export, and at the same time reform and increase the quality of public services directly related to import-export activities with the aim of providing the best possible services. By 2030, the city will build strategies to improve competitiveness of its outstanding export products such as electronics, mechanics, optics, software, and service exports such as finance, tourism and logistics. It will also attract more investment in finance, banking and logistics, and form logistics service centres, and step up human resources development. Last year, the largest economic hub of Vietnam earned over 40 billion USD from exports./. Analysts see profit-taking as VN-Index hovers around 1,200 points The market experienced a thrilling week as the VN-Index successfully peaked the historic high of 1,200 points after volatile sessions. However, the index fell under the level in the next session, which was also the last trading day of the week, on selling pressure. The move makes analysts not so optimistic about the coming week. The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) ended last week at 1,194.05 points after hitting 1,200.94 points last Thursday. For the …
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Main index bounces back slightly
Main index bounces back slightly The Saigon Times Investors watch stock information at Maybank Kim Eng Securities Company. Trading in the local market made a little headway today, March 25 - PHOTO: THANH HOA HCMC – Trading in the local stock market made a little headway today, March 25, with the benchmark VN-Index of the Hochiminh Stock Exchange rising slightly after hovering around its reference price due to increased selling pressure and then a system error frequently facing the southern bourse. With 205 stocks advancing and 245 others dipping, the main index gained 1.29 points, or 0.11% against the previous session at 1,163.1. Over 690 million shares worth more than VND17.4 trillion were traded on the southern bourse, dropping 8% in volume and 1% in value over the session earlier. Of the total value, shares transacted in block deals contributed nearly VND4 trillion. Most bluechips narrowed down their morning gains. Realty firm VIC inched up 2.3% and recorded over 4.32 million shares traded, making it the biggest winner in the VN30 basket. Besides this, other good-performing bluechips such as lenders STB and CTG, consumer goods producer MSN, and jewelry maker PNJ added 1-1.9%, while VJC, TCB, GAS, BID, VCB, and HDB edged up slightly 0.1-0.4%. Meanwhile, sugar producer SBT, lender VPB, brokerage SSI, retailer VRE, steelmaker HPG, and tech giant FPT ended on a downbeat note. In the group of speculative stocks, property developer FLC again stole the limelight as it surged 6.7% to its ceiling price at VND10,450, with a matching volume exceeding 55.4 million shares. Other speculative stocks such as HQC, LDG, VIX, TTF, IJC, HSG, HAI, TDP closed in positive territory. Of them, HQC, LDG, VIX saw 12-14 million shares transacted. On the northern bourse, trading was gloomy as the HNX-Index shed 1.5 points, or 0.56% versus the previous session to close at 267.19, with 44 advancers and 81 decliners. …
Lukaku in Belgium squad despite Inter Covid-19 issues
Inter Milan's Belgian forward Romelu Lukaku shoots a penalty to open the scoring during the Italian Serie A football match Torino vs Inter Milan on March 14, 2021 at the Olympic stadium in Turin.(Marco BERTORELLO / AFP) Inter's game with Sassuolo on Saturday has been postponed after four players tested positive for Covid-19. Belgium host Wales on March 24 and head to the Czech Republic three days later before entertaining Belarus on March 30. "I think it's a bit too soon to give a clear response," he said about Lukaku's participation in the fixtures. Real Madrid's Eden Hazard will miss the matches with a foot injury and Borussia Dortmund midfielder Axel Witsel is sidelined with an Achilles issue. Two uncapped midfielders in Anderlecht's Albert Sambi Lokonga and Stuttgart's Orel Mangana have received their first call-ups. Belgium squad: Goalkeepers: Thibaut Courtois (Real Madrid/ESP), Simon Mignolet (Club Brugge), Koen Casteels (Wolfsburg/GER), Thomas Kaminski (Blackburn Rovers/ENG) Defenders: Toby Alderweireld (Tottenham/ENG), Jason Denayer (Lyon/FRA), Dedryck Boyata (Hertha Berlin/GER), Leander Dendoncker (Wolverhampton/ENG), Brandon Mechele (Club Brugge), Thomas Vermaelen (Vissel Kobe/JPN), Jan Vertonghen (Benfica/POR) Midfielders: Timothy Castagne (Leicester City/ENG), Nacer Chadli (Basaksehir/TUR), Thomas Foket (Reims/FRA), Thorgan Hazard (Borussia Dortmund/GER), Thomas Meunier (Borussia Dortmund/GER), Alexis Saelemaekers (AC Milan/ITA), Kevin De Bruyne (Manchester City/ENG), Dennis Praet (Leicester City/ENG), Youri Tielemans (Leicester City/ENG), Hans Vanaken (Club Brugge), Orel Mangala (Stuttgart/GER), Albert Sambi Lokonga (Anderlecht) Forwards: Yannick Carrasco (Atletico Madrid/ESP), Charles De Ketelaere (Club Brugge), Jeremy Doku (Rennes/FRA), Dries Mertens (Napoli/ITA), Leandro Trossard (Brighton/ENG), Yari Verschaeren (Anderlecht), Michy Batshuayi (Crystal Palace/ENG), Christian Benteke (Crystal Palace/ENG), Romelu Lukaku (Inter …
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