A trader looks at the market's movements at an exchange. Shares plummeted on Wednesday due to stronger selling pressure. — VNA/VNS Photo The market reversed and fell sharply in Wednesday's trade, with many stocks hitting the floor prices. On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index lost 35.21 points, or 3.17 per cent, to 1,075.97 points. After recovering in the previous session, the index couldn't keep the momentum to end the morning trade with a decline of 4.75 points. The market's breadth inclined to a negative zone with 271 stocks on the southern market going down, of which 45 registered the biggest intra-day loss of 7 per cent, while 79 stocks advanced. Liquidity increased strongly over the previous session. Accordingly, the trading value on HoSE jumped to nearly VND35.4 trillion (US$751.5 million), equivalent to a trading volume of over one billion shares. The index was weighed by rising selling force, with many large-cap stocks locked in … [Read more...] about Market falls sharply on strong selling force
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Investment channels expected to be better this year
Economic expert Dinh Trong Thinh Last year ended with many fluctuations for investment channels due to the COVID-19 pandemic, the geopolitical conflicts, and the US Federal Reserve (FED)'s adjustments of interest rates. This year, those difficulties are forecast to remain. Economic expert Dinh Trong Thinh spoke to Vietnam News Agency about prospects of investment channels. What is your overview of the development of investment channels such as gold, real estate, and securities in 2022? 2022 had a prominent feature that at the beginning of the year all investment channels attracted a large volume of capital and saw significant growth, except for the savings deposit channel. The investment channels of gold, securities, and real estate all thrived. For instance, the real estate prices in the first six months of the year increased by about 60 per cent. For securities, stock prices in the first months of the year also increased and the VN-Index reached more than 1,600 points. … [Read more...] about Investment channels expected to be better this year
Desire to dedicate to the country
After more than a year with a lot of efforts in scientific works, he was honored as the youngest among the top ten scientists receiving the Qua Cau Vang (Golden Globe) Awards in 2022. Overcoming hardships Luong Van Thien was born to a farmer family in a poor village of Yen Thanh commune, Yen Mo district, Ninh Binh province. He remembered when he was a student, his parents had to work as hired laborers to pay for his education. Thien often asked for old books to self-study. He took time to study and made great efforts to acquire knowledge. After entering the Luong Van Tuy Gifted High School, he won numerous national-level mathematics competitions. In 2010, he was admitted to the Hanoi Medical University, but he chose to enter the Faculty of Electronics and Telecommunications of the Hanoi University of Science and Technology. At first, his parents did not agree with his choice, but then they believed in his decision because he passed the exam to the school's talented engineer … [Read more...] about Desire to dedicate to the country
Maritime economy to be boosted in North-central and Central coastal region
Dong said that the conference aims to launch the Government’s action program to implement the Politburo’s Resolution 26-NQ/TW on the orientations for socio-economic development and security - defense protection of the region to 2030 with a vision to 2045, and attract investment to the region. According to the official, the conference is also designed to call for the engagement of investors, domestic and foreign business associations and partners in major investment projects and programs in the region. Deputy Minister Dong underlined that the event has a significant importance to the development of the region which has a special strategic role in economy, politics, culture, society, environment, defense, security and foreign relations of the country, especially the national strategy on the sustainable maritime economic development. An investment promotion conference will be held in parallel with the event, aiming to mobilize resources for infrastructure development in the region … [Read more...] about Maritime economy to be boosted in North-central and Central coastal region