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The large-cap basket also witnessed a strong decrease of more than 3 per cent. The VN30-Index fell 3.09 per cent to 1,118.59 points. Only two of the 30 largest stocks posted a rise, while 28 stocks declined. The two stocks which recorded a gain this morning, were property developers including Nova Land Investment Group Corporation (NVL) up 0.13 per cent and FLC Faros Construction JSC (ROS) up 0.88 per cent. … [Read more...] about Market plunges on selling pressure

A man monitors stock prices. Many stocks plunged into the red today, January 26 – PHOTO: VNA HCMC – The Hochiminh Stock Exchange continued the downtrend with the benchmark VN-Index dipping by some 30 points, or 2.57%, at 1,136.12 today, January 26, as numerous stocks plunged into the red. … [Read more...] about VN-Index loses 30 points as most stocks sink

Vietnam’s e-commerce market had a positive performance in 2020 According to a report by the Ministry of Industry and Trade's Department of E-commerce and Digital Economy, 53 per cent of the population has joined the online retail market, boosting the growth of Vietnam’s e-commerce sector by 18 per cent to $11.8 billion, accounting for 5.5 per cent of the total retail sales. … [Read more...] about Vietnam’s e-commerce market generates $11.8 billion in 2020

Other major losers included TCH of real estate developer Hoang Huy Group, down 6.4 percent, SBT of agricultural exporter TTC-Sugar, down 5.4 percent, SSI of top brokerage SSI Securities, down 5 percent, and HPG of steelmaker Hoa Phat Group, with 3.2 percent. … [Read more...] about VN-Index plummets back to January nadir

The seven banks comprise the Vietnam Joint Stock Commercial Bank for Industry and Trade, the Viet Capital Bank, the Asia Commercial Bank, the HCMC Development Joint Stock Commercial Bank, the Bao Viet Bank, the Saigon Thuong Tin Commercial Bank and the Vietnam Thuong Tin Commerical Joint Stock Bank. … [Read more...] about Seven local banks to issue domestic chip credit cards