The HCM Stock Exchange (HoSE) in HCM City (Photo hsx.com) Hanoi (VNS/VNA) - The market's uptrend will continue to be consolidated in the first trading session of the Year of Cat . The VN-Index, which tracks the performance of the Ho Chi Minh Stock Exchange (HoSE), closed above the resistance area of 1,100 points, equivalent to 1,120 points of the VN30-Index , in the last trading week. Although cash flow has not improved much, supply pressure has not put great pressure on the market. The market is expected to continue to be supported and gain points in the next trading sessions. Therefore, investors can still expect the market to expand the uptrend and exploit some short-term opportunities in stocks with positive accumulation background, said Viet Dragon Securities Co. 2022 was an eventful year for the Vietnamese stock market with many records set. After a prosperous 2021, the VN-Index continued to stay at its historic peak for the first three months of 2022. … [Read more...] about Positive prospects for Vietnam’s stock market this year
Growth year over year in excel
Prime Minister launches New Year tree planting festival
Prime Minister Pham Minh Chinh offered incense to President Ho Chi Minh and launched the annual New Year tree planting festival at K9-Da Chong relic site, Hanoi’s outlying district of Ba Vi, on January 27, the sixth day of the Year of the Cat. PM Pham Minh Chinh joins in tree planting at the relic site (Photo: VNA) Co-organised by the Ministry of Natural Resources and Environment, the Ministry of National Defence and Hanoi municipal authorities, the tree planting festival started a series of activities nationwide for the programme “For a green Vietnam” with an aim to plant 22.5 million trees this year. Speaking at the event, PM Chinh recalled that 64 years ago, President Ho Chi Minh called on the entire people to respond to the tree planting month which has become a tradition every lunar new year since then. According to him, Vietnam’s forest coverage expanded from 28% in 1990 to over 42% in 2022, absorbing over 70 million tonnes of carbon dioxide. … [Read more...] about Prime Minister launches New Year tree planting festival
Retail market forecast to bustle this year
According to the Ministry of Industry and Trade (MoIT), the scale of the Vietnamese retail market is USD 142 billion, which is expected to reach USD 350 billion in 2025, with contribution of 59% to total GDP. Last year, the total revenue from retail sales of goods and services rose 21%, exceeding the target of 8%. A survey by Vietnam Report showed that over 53.8% of total retail firms enjoyed similar and higher business results compared to the pre-pandemic level. Experts held that growth of retail sales is being supported by rise in income and the strong recovery of the tourism sector as well as relevant sectors such as transport and accommodations, as well as the effectiveness of inflation control measures. Particularly, from now to the lunar New Year (Tet) Festival, which falls in late January, consumers are predicted to loosen their wallet dramatically. At the same time, there are signs of vibrant retail activities as many foreign investors have announced their plans to … [Read more...] about Retail market forecast to bustle this year
Prime Minister launches New Year tree-planting festival
Co-organized by the Ministry of Natural Resources and Environment, the Ministry of National Defense and Hanoi municipal authorities, the tree-planting festival started a series of activities nationwide for the program “For a green Vietnam” with an aim to plant 22.5 million trees this year. Speaking at the event, Prime Minister Pham Minh Chinh recalled that 64 years ago, President Ho Chi Minh called on the entire people to respond to the tree-planting month which has become a tradition every lunar new year since then. According to him, Vietnam’s forest coverage expanded from 28% in 1990 to over 42% in 2022, absorbing over 70 million tons of carbon dioxide. The PM highlighted Vietnam's commitment to achieve net zero by 2050 and expressed his belief that the tree-planting campaign 2023 will produce positive achievements, helping the country deliver its commitment and contributing to national development. At the launch ceremony, he joined delegates in planting 3,000 trees at the … [Read more...] about Prime Minister launches New Year tree-planting festival
NA leader lauds State Audit Office’s crucial contributions
NA Chairman Vuong Dinh Hue (C) and representatives of the SAV (Photo: VNA) Hanoi (VNA) - Chairman of the National Assembly (NA) Vuong Dinh Hue made a new-year visit to the State Audit Office of Vietnam (SAV) on January 27, the first working day after the week-long Lunar New Year holiday . (Photo: VNA) The NA leader also commended the SAV on its external activities. The agency has maintained cooperation mechanism with the state audit agencies of Laos and Cambodia, and made important contributions to the Asian Organisation of Supreme Audit Institutions (ASOSAI) and the ASEAN Supreme Audit Institutions (ASEANSAI). financial and budget discipline s. VNA … [Read more...] about NA leader lauds State Audit Office’s crucial contributions
Traffic accidents fall during Tet holiday
Police check a driver's papers on Highway No 1 in Chau Thanh district, Tien Giang province.(Photo: VNA) Hanoi (VNA) – As many as 152 traffic accidents occurred in the country during the Tet ( Lunar New Year ) holiday, from January 20 to January 26, a year-on-year decrease of 12 cases, according to the Ministry of Transport. The traffic accidents killed 89 people, down three from last year’s holiday, and injured 111 others, up by eight. The majority were road accidents, while there are four railway and one waterway accidents. Road traffic police nationwide punished 21,967 violators with fines totalling 50.4 billion VND (2.1 million USD). They temporarily confiscated 639 automobiles and more than 9,910 motorbikes and withdrew approximately 4,950 driving licences of different kinds. Of all the violators, more than 7,726 people were fined for high blood alcohol content, an increase of more than 6,600 people compared with the last Tet holiday. On waterways, … [Read more...] about Traffic accidents fall during Tet holiday
Prime Minister urges banking sector to make more innovations
The sector should continue to follow policies and guidelines adopted by the Party and the State, while closely coordinating with ministries, agencies and localities to fulfill socio-economic tasks, he said. Priorities should be given to maintaining the macro-economic stability, controlling inflation, spurring growth and ensuring major economic balances, the leader continued. Prime Minister Pham Minh Chinh asked the State Bank of Vietnam (SBV) to improve its analyzing and forecasting capacity, provide timely consultancy and flexibly respond to developments of the domestic and international situation. The central bank was also urged to intensify inspection and supervision, ensure transparency, promote digital transformation, raise service quality, and support innovations and small- and medium-sized enterprises. It needs to further consolidate monetary institutions, mechanisms and policies to create a concerted legal corridor, thus giving a push to the monetary and credit markets, … [Read more...] about Prime Minister urges banking sector to make more innovations
Hoi An, HCM City among world’s top 25 trending destinations in 2023: TripAdvisor
Germany’s famous travel site reisereporter.de has run an article highlighting the world’s top 25 trending destinations for 2023, including Vietnam’s Hoi An ancient city and Ho Chi Minh City, recently voted by readers of TripAdvisor – the world's largest travel guidance platform. Hoi An in the central province of Quang Nam occupies the second place, following Cuba (Photo: Screenshot) Specifically, Hoi An in the central province of Quang Nam occupied the second place on the list as part of the annual Travelers' Choice Best of the Best Awards, following Cuba, while the southern metropolis secured 11th place. The category reveals destinations with the greatest year-over-year growth in interest on Tripadvisor based on travelers' reviews over a 12-month period between November 1 and October 31. "Hoi An on the central Vietnamese coast is a well-preserved example of the important Southeast Asian trading port it was from the 15th-19th centuries," Tripadvisor commented. … [Read more...] about Hoi An, HCM City among world’s top 25 trending destinations in 2023: TripAdvisor
N.A. leader lauds State Audit Office’s crucial contributions
The top legislator praised the efforts and initiatives by the audit sector to fulfil its tasks last year, saying that it contributed importantly to great achievements of the country in general, as well as the N.A. and the Government in particular. He noted that the SAV has done a good job in assisting the N.A.'s supervision work, especially in inspecting the implementation of policies and laws on thrift practice and anti-wastefulness. The N.A. leader also commended the SAV on its external activities. The agency has maintained cooperation mechanism with the state audit agencies of Laos and Cambodia, and made important contribution to the Asian Organization of Supreme Audit Institutions (ASOSAI) and the ASEAN Supreme Audit Institutions (ASEANSAI). The top legislator said the Party and State expect that the SAV will play a more crucial role in the fight against corruption and negative phenomena, and in thrift practice and wastefulness prevention, contributing to strengthening … [Read more...] about N.A. leader lauds State Audit Office’s crucial contributions
Local game developers eye great opportunities at home
Illustrative image (Photo: vietnamnet) Hanoi (VNA) – The bustling game market in Vietnam is offering numerous opportunities for developers, according to experts. Le Quang Tu Do, Director of the Authority of Broadcasting , Television and Electronic Information under the Ministry of Information and Communications (MIC), cited data from App Annie 2020 showing that Vietnam ranked seventh in the world and second in Southeast Asia in the number of game downloads. Meanwhile, the country also ranked third in the top 10 game application manufacturers in the region. For every 25 games downloaded, there is one produced in Vietnamese studios. According to the statistics of Sensor Tower and the Vietnam Game Studio Club, there are currently about 5,000 games produced by Vietnamese people, mostly for children, entertainment, and education. Do said that the wage of each game developer in Vietnam is about 187 million VND (7,975 USD) per year, while that of each artist is abour 389 million … [Read more...] about Local game developers eye great opportunities at home