Vinhomes Imperia Hải Phòng Urban Area, a project built by Vingroup. The company's shares soared nearly 3.5 per cent on Wednesday, leading the market's uptrend. — VNA/VNS Photo The Vietnamese stock market recovered on stronger demand force after recent corrections, while foreign investors continued to withdraw from main exchanges. The VN-Index on the Hồ Chí Minh Stock Exchange increased over 14.6 points, or 1.21 per cent, to close Wednesday at 1,266.11 points. The recovery helped recoup most of the losses hit in the last two sessions. On the southern bourse, breadth of the market returned to a positive zone with 275 stocks advancing, while 52 ended lower. Liquidity decreased over the previous session, but remained above VNĐ20 trillion. Particularly, VNĐ20.37 trillion (US$838.25 million) worth of shares was traded on HoSE, equal to more than 878 million shares. The index's reversal was mainly driven by strong rebounds in real estate stocks and other pillars in the securities … [Read more...] about Market rebounds, ending two-day losing streak
Hanoi agro tourism real estate market
Vietnam Socio-Economic Forum 2023 wraps up
The one-day forum featured one opening and two thematic sessions, and one plenary session - high-level dialogue. In his closing speech, National Assembly Chairman Vuong Dinh Hue said in terms of internal capacity and motivations of the economy, delegates opined that it is essential to develop the production sectors of the economy, including agriculture, industry and services; speed up the disbursement of public investment, stimulate consumption demand, develop the domestic market and improve labor productivity. He said they called for synchronous measures to tackle difficulties, restructure various markets, develop and tightly regulate currency, stock, insurance, corporate bond and real estate markets. It is also essential to promote goods distribution via digital platforms and e-commerce, and stimulate domestic tourism demand as well. According to experts, if 95% of the public investment plan for 2023 is disbursed, additional 2 percentage points to the GDP growth in 2023 will … [Read more...] about Vietnam Socio-Economic Forum 2023 wraps up
Tourists wary of rip-offs in HCMC
French tourist Laurine, who visited HCMC for the first time earlier this month, said before her trip to Vietnam her friends told her she should haggle at half the initial price when buying items in HCMC. When Laurine visited Ben Thanh in downtown area, she was impressed by the beauty of the century-old market with French colonial architecture. She dropped by souvenir stalls inside the market and asked to buy conical hats and small embroidered paintings, but vendors charged her over VND200,000 (US$8.22) for each item. She then negotiated with the vendors and bargained for 50-70% of the initial price. When the vendors refused, she pretended to walk away and they then chased after her, agreeing to sell each item for VND40,000-80,000. "Rip-offs have become a common issue at traditional markets in many Asian countries, not just Vietnam. Therefore, I was not shocked when I was overcharged, but I just didn't know what the real value of the item was, nor what I deserved for the amount … [Read more...] about Tourists wary of rip-offs in HCMC