Gas prices rise

A worker checks products at a storage facility of Hoa Phat Group (HPG). The company's shares surged 2.4 per cent on Friday. — Photo hoaphat.com.vn Vietnamese shares finished the week higher, ending several days of sell-offs with a rebound fuelled by securities and steel stocks. On the Ho Chi Minh Stock Exchange, the VN-Index rose 0.82 per cent to close at 1,262.33 points. The VN-Index had lost 0.54 per cent in the last two days. More than 541.7 million shares worth VND13 trillion (US$555.7 million) were traded on the southern exchange. The market's breadth was positive with 273 stocks climbing, of which eight hit ceiling prices, while 166 declined. The VN30-Index, which tracks the 30 biggest stocks on HoSE, jumped 0.68 per cent, to 1,280.96 points. In the VN-30 index, gainers included Asia Commercial Bank (ACB), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), HDBank (HDB), Hoa Phat Group (HPG), Military Bank (MBB), Masan Group (MSN), Mobile World Group (MWG), … [Read more...] about Shares finish week higher on the back of steel, securities sectors

A strong business community will build an independent and highly resilient economy. Localities are expected to further create a favorable environment for business operation, especially in simplifying administrative formalities and avoiding petty corruption. Prime Minister Pham Minh Chinh at the conference. Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view during a conference between the Government’s leader and business community on August 11, which drew the participation of 1,200 delegates from a business association and local companies. According to Chinh, more than two years since the outbreak of the Covid-19 pandemic, Vietnam has now put the situation under control and maintained positive growth. Vietnam’s GDP  during the six months expanded by 6.42%, higher than the 5.74% rate in the same period last year, and equivalent to the growth rate recorded in the pre-pandemic period 2016-2019 (6.38%). In addition, Chinh also pointed out high … [Read more...] about PM urges favorable environment for businesses

At the conference on August 11, MPI Minister Dung said that thanks to the control of the pandemic and the maintenance of macroeconomic stability, the business sector has reported a positive recovery recently. As of July, the whole country had about 871,000 operating enterprises with tax incurred, an increase of nearly 13 per cent compared to 2021. In the first seven months of 2022, the number of enterprises entering and returning to the market, as well as additionally registered capital into the economy, increased sharply. The number of enterprises entering and re-entering the market was over 130,000 enterprises, an increase of 26.8 per cent on-year, 1.4 times higher than the number of enterprises withdrawing from the market. The total registered capital added to the economy in the first seven months of 2022 reached over $143 billion, an increase of over 37 per cent on-year. According to reports from business associations, the market has recovered over 75-85 per cent compared … [Read more...] about Utilising every opportunity to grow and overcome challenges

According to the Ministry of Finance, the disbursement of the state budget capital as of the end of July stood at nearly $8.1 billion, accounting for 34.47 per cent of the yearly plan and a slight on-year reduction. Of this, one centrally-run agency and 11 localities reported disbursement at more than 50 per cent, 17 ministries and agencies have reported less than 10 per cent, and the remaining met the national average. Some major infrastructure projects are delayed and costs are only going to go up in that case, Le Toan Specifically, in Ho Chi Minh City, the disbursement of public investment in the first seven months accounted for about 15 per cent of the total allocated capital or almost $1.4 billion. This figure includes $108 million from the central budget and $1.28 billion from local funds. Many important works in the city have yet to expense anything, including one project for green traffic development, a water improvement initiative in the Tau Hu-Ben Nghe-Doi-Te … [Read more...] about Direction for disbursement tightened after mixed results

Hanoi is facing an influenza A vaccine shortage. Between January and April, the city saw some 400 Influenza A patients per month. The figure increased to 556 cases in May and 887 cases in June. According to the Vietnam National Children's Hospital, over the past month, between 200-300 children came for Influenza A vaccination a day. An inoculation centre in Nam Tu Lien District reported that many people are going to the facility for the Influenza A vaccine, but it has run out of it. Some Hanoi communal medical stations have also ran out of the vaccine. People have to register and pay for this service, but supply is limited with rising demand. The same situation has even been reported at at many of Hanoi's big vaccination centres, including the one operated by the National Institute of Hygiene and Epidemiology at Lo Duc Street and the Hanoi Centre for Disease Control’s centre on Nguyen Chi Thanh Street. A representative from a Hanoi inoculation centre said that … [Read more...] about Influenza A outbreak causes vaccine shortage in Hanoi