Foundation level building

A worker collecting latex at a plantation of Vietnam Rubber Group. The company's shares lost nearly 6 per cent on Friday, adding pressure to the market's downtrend. —VNA/VNS Photo Vũ Sinh The market ended the week on a negative note, weighed by strong profit-taking pressure, with the VN-Index breaking below the 1,200 point-level. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) dipped 19.69 points, or 1.62 per cent, to 1,193.05 points. This is the biggest daily loss since March 20. The index plunged nearly 13.4 points on Wednesday after recovering over 14.6 points in the previous session. On the southern bourse, up to 292 stocks went down, while only 48 ticked up. Meanwhile, liquidity soared to more than VNĐ32 trillion, of which the trading value increased more than 40.3 per cent from the previous session to VNĐ32.3 trillion (US$1.32 billion). This was equal to a trading volume of nearly 1.4 billion shares. The VN30-Index, which tracks the 30 biggest stocks on … [Read more...] about VN-Index loses the threshold of 1,200 points

Prime Minister Pham Minh Chinh has a seminar and a working dinner with leaders of multinational businesses and leading US investment funds in New York on September 21 (local time) (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh, who is in the US for the high-level week of the UN General Assembly’s 78th session, had a seminar and a working dinner with leaders of multinational businesses and leading US investment funds in New York on September 21 (local time). At the seminar, leaders of businesses and investment funds as well as Vietnamese State management agencies discussed measures and orientations to attract more financial resources for socio-economic development, especially the building and development of financial centres in Vietnam. Leaders of US investment funds held that amid fluctuations in the world geo-political and economic situation, Vietnam has been evaluated by international organisations as a bright spot in investment attraction with many … [Read more...] about US investment funds appreciate potential of Vietnam

Hanoi should be empowered to stipulate regulations about its development. Dinh Tien Dung, Secretary of the Hanoi Party Committee, proposed that the revised Capital Law give Hanoi the power to set standards in line with practice in certain areas to ensure long-term security and safety. Secretary of the Hanoi Party Committee Dinh Tien Dung at the session. Photo: Quochoi Dung made the statement on September 20 at the session of the National Assembly Standing Committee in response to last week's tenement fire in Hanoi's Thanh Xuan District that claimed dozens of lives. Hanoi needs to be empowered At the session, Chairman of the National Assembly Vuong Dinh Hue said that the law is particularly important for the development of Hanoi . Therefore, it is necessary to continue to review and research to fully institutionalize policies for Hanoi's development as set out in the resolutions of the Politburo. Emphasizing that this is a law on decentralization of … [Read more...] about Amended Capital Law: Hanoi needs more power

At the reception for Boeing leaders (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh hosted separate receptions in New York on September 21 for leaders of several US corporations as part of his trip to attend the high-level week of the UN General Assembly’s 78th session . During separate meetings with representatives from Apple Inc., Boeing Company, Google, Siemens Healthineers, the PM reiterated his commitment to create favourable conditions for US enterprises to operate effective business in Vietnam. Chinh suggested that Apple continue to expand investment in Vietnam, increase the local content and work as a bridge for US firms and Apple's partners to invest ịn Vietnam. He hoped that Apple will turn Vietnam into an important link in its supply and production chain. Meanwhile, he asked Boeing to expand its manufacturing and supply chain in Vietnam and early build its maintenance facility in the country while supporting Vietnamese partners in … [Read more...] about PM receives leaders of US enterprises in New York

At the working session (Photo: VNA) Hanoi (VNA) – Minister of Industry and Trade Nguyen Hong Dien held a working session with US Secretary of Commerce Gina Raimondo in New York recently, on the occasion of a working trip to attend the 78th session of the United Nations General Assembly and bilateral activities. Both sides underscored the need for broader and deeper cooperation between the management agencies of both countries, and between the Vietnamese Ministry of Industry and Trade (MoIT) and the US Department of Commerce (DOC) in particular, in order to actualise the vision of the two countries' leaders and to set development goals that match the bilateral comprehensive strategic partnership. Reiterating the importance of the recognition of Vietnam's market economy status, Dien suggested the DOC make drastic directions to expedite and complete the Changed Circumstances Review (CCR) process this year, in line with the spirit of the Joint Statement on September 11 and … [Read more...] about Industry-trade minister holds working session with US Secretary of Commerce