Foodgrain stocks hit record high

Logo of Vietcombank on its trading office in Tran Hung Dao Street, Ha Noi. The bank shares soared 2.25 per cent on Monday, led the market's bullish sentiment. — VNS Photo Ly Ly Cao Benchmark indices opened the week on a positive note, buoyed by the improvement of risk appetite. The VN-Index on the southern bourse Ho Chi Minh Stock Exchange (HoSE) ended Monday at 1,052.25 points, a gain of 5.46 points, or 0.52 per cent. It logged a long rising streak of five days with the market's breadth inclining to the uptrend. Meanwhile, liquidity increased slightly, of which over VND9.7 trillion (US$413.2 million) worth, equivalent to nearly 557 million shares, was traded on HoSE. The VN30-Index also advanced 5.03 points, or 0.48 per cent, to close the trading day at 1,056.45 points. Twenty of the 30 biggest stocks in market capitalisation of the VN30 basket jumped, of which one hit the ceiling price. Eight stocks declined while two stayed flat. On the Ha Noi Stock Exchange (HNX), the … [Read more...] about VN-Index extends its long winning streak

Visas, service quality, and technology were all part of discussions on a better-performing tourism sector Photo: Cuong Minh May’s National Assembly session is likely to help push ahead a revamp of the country’s rules on entry and exit for foreign visitors, after the Ministry of Public Security crafts amendments to the current law. The development will be an important basis for the issuance of new regulations related to the visa policy, removing difficulties for the tourism industry, and creating conditions to attract more international visitors this year, according to most observers. Dang Tuan Viet, deputy director of the Ministry of Public Secrutity’s (MoPS) Vietnam Immigration Department, said that the proposal emphasised two major areas related to unilateral visa exemption and electronic visa policy. The MoPS also proposes to expand the number of countries that can issue e-visas from 80 countries to the maximum. The MoPS will also ask to increase the temporary stay … [Read more...] about Visa upgrade at heart of fresh approach to tourism

The CFA is part of the UK Government's efforts to help Vietnam meet the commitments made by Prime Minister Pham Minh Chinh at COP26 in Glasgow in 2021. Nine low carbon projects from across Vietnam have been announced to be part of the first cohort of the Climate Finance Accelerator (CFA) Vietnam. The selected projects come from diverse sectors including renewable energy, resource and energy efficiency, electromobility, AFOLUs (agriculture, forestry and other land uses), decarbonised construction, circular economy and waste management, and have the potential to benefit communities across Vietnam. Deep C Green is one of the first nine low-carbon projects in Vietnam to join the CFA. Photo: Deepc.vn Projects will receive tailored one-on-one and group support to improve project readiness and chances of attracting investment from Vietnamese and international investors. This will include advice on technical aspects, financial models, and pitch materials, as well as … [Read more...] about UK-funded CFA to support nine low-carbon projects in Vietnam

Tran Van Thu, a local in Chau Thanh District’s Tien Long Commune, measured the salinity level in the Ba Lai and Ham Luong rivers last week. Both are tributaries of the Tien River, a branch of the Mekong River in Vietnam, which runs through Ben Tre and feeds much of the delta province’s fruit, vegetable and rice crops. Tran Van Thu holds a tool that read the salinity level in a river in Chau Thanh District, Ben Tre Province at 0.34 ppt, March 2023. Photo by VnExpress/Hoang Nam According to Thu, each of the two rivers that surround his 6,000-square-meter durian farm carried salinity levels of 0.34 (ppt). This was devastating news as his durians need fresh water with salinity levels of less than 0.2 ppt. "Every day, the river water only stays within the safe levels for about an hour, so I have to take every chance I can get [to get fresh water to the farm]." Thu’s family used to cultivate rambutan for a living, but after losing the entire farm to drought and salt … [Read more...] about Drought killing Mekong Delta durian with salt

Illustrative image (Photo: VNA) Hanoi (VNS/VNA) - Commercial banks that underwrite and sell corporate bonds have to buy them back if investors so demand, the central bank has said. It followed a meeting with voters (members of the public) the State Bank of Vietnam (SBV) held in Ho Chi Minh City amid the ongoing bond market troubles. Besides asking for underwriting banks to take responsibility for redeeming bonds, the voters also urged the SBV to tighten inspection of credit institutions to ensure they comply with regulations while investing in bonds. The SBV recently raided 11 banks and fined a number of them for violating regulations related to bond purchases. Under current regulations, banks must have an internal credit rating system and can only buy bonds if their bad debts ratio is below 3%. For bonds sold in the domestic market, when issuers cannot pay in full and on time the bond principal and interest, they must negotiate with bondholders for extending the term … [Read more...] about Banks underwriting bonds should buy back bonds: Central bank

The meeting between President Vo Van Thuong and the Supreme People’s Court in Hanoi on March 27. (Photo: VNA) Hanoi (VNA) – Politburo member and State President Vo Van Thuong had a meeting with the Party’s civil affairs board and leaders of the Supreme People’s Court in Hanoi on March 27. The number of cases handled by courts at all levels has increased about 6% annually while the quality of courts’ judging and settlement of cases has also recorded progress. The rate of the verdicts cancelled or amended due to subjective causes was low, under 1.5%, according to a report delivered at the meeting. The application of information technology to hold online trials has helped save a large amount of money for the state budget and also won high evaluation from the public, said Chief Justice of the Supreme People’s Court Nguyen Hoa Binh, who is also a Politburo member and Secretary of the Party Central Committee. Applauding the court sector’s achievements, President Thuong highlighted … [Read more...] about State leader requests courts to further improve judging quality