Hanoi to ho chi minh tour

Two investors look at stock prices on a laptop in HCM City. — Photo courtesy of Vietnambiz.vn The chronic congestion on the Ho Chi Minh City Stock Exchange (HoSE) has caused losses for retail investors, making them insecure. Instead of congestion, and errors, only in the afternoon or near the close like previously, errors are now occurring even in the morning. For example, on March 5, just after the market opened, the security live board froze and failed to show realtime prices. Nguyen Kha, a veteran investor in HCM City, said he punched in an order to sell HBC shares on March 3 when it jumped to above VND18,500 (US$804 million), but only half his order was matched, and in the next few days had to sell at below VND18,000 since he needed money, losing VND1,000 per share. Another investor on HoSE said he has been in a constant state of insecurity recently and cannot do any other work after placing orders since one needs to watch the screen to see if the order is matched. This insecurity has caused many investors to switch to trading on the Hanoi Stock Exchange (HNX) and UPCoM, causing shares there to skyrocket in terms of both price and trading. On March 4 UPCoM saw trading worth VND1.7 trillion, twice the normal average. Drastic solutions To tackle the overload at HoSE, the State Securities Commission (SSC) said it is speeding up installation of a new trading system provided by the Korean Exchange (KRX). Last week it instructed the temporary transfer of shares from HoSE to HNX to much acclaim from both investors and analysts, but a difficult task since listed companies need to get approval from their shareholders. Besides, it could take securities companies one to two months to meet the technical changes involved in identifying the shares transferred to the HNX. Some need even six to nine months. Dr Nguyen Van Thuan of the University of Finance and Marketing told Thanh Nien (Youth) newspaper however that since this solution has the least …

[Read more...] about Investors feel insecure about Ho Chi Minh City Stock Exchange congestion, move to other bourses

Ho Chi Minh City will not trade the environment for economic growth, chairman of the municipal People’s Committee Nguyen Thanh Phong said at a tree planting and environmental sanitation campaign in Thu Duc City on Sunday. Speaking at the event, chairman Phong stated that planting trees reflects the cultural beauty of Ho Chi Minh City and is a practical activity given the ongoing climate change. “Since 2011, environmental protection has been included in one of the city's seven breakthrough programs,” the official stated. “During the 2021-25 period, Ho Chi Minh City will strive to add an extra 600 hectares of parks and 20 hectares of green areas.” The people and government of Ho Chi Minh City, and Thu Duc City in particular, will join hands to make the southern metropolis a green, clean, and beautiful city, Phong remarked. Such activities will help spread the message of environmental protection and combat climate change, while spurning the country’s effort to plant one billion trees. Hoang Tung, chairman of the Thu Duc City People’s Committee, said that rapid urbanization has brought about a lot of environmental challenges. Officials of Thu Duc City are pictured at the launch of a tree planting campaign on March 7, 2021. Photo: Le Phan / Tuoi Tre Many residents are still littering on local streets and dumping garbage into canals, which exacerbates inundation and pollution. “To deal with the issue, Thu Duc City has launched tree planting events at three locations and in 34 wards to expand urban green space,” Tung said. “Through these activities, we hope to raise awareness of environmental protection among local residents.” Thu Duc City has set a goal of planting one million green trees during the 2021-25 period, the official added. Like us on Facebook or follow us on Twitter to get the latest news about Vietnam! …

[Read more...] about Ho Chi Minh City won’t trade environment for economic growth: chairman

Ho Thi Ky flower street in HCMC’s District 10 became hustle and bustle and the number of online flower orders increased significantly on the day. Roses and flowers for the special day are in high demand. This year, the price of fresh flowers market is higher than the previous year. From the afternoon of March 6, many trucks carrying roses flocked to flower stores on Ho Thi Ky Flower Street, throng of flower lovers were busy at shopping, making the street more crowded than usual. This year, stores have a variety of flowers with different types to satisfy customers’ tastes such as Da Lat roses, hydrangeas, flowers imported abroad such as Ecuadorian roses, Dutch marbles, wax flowers, Persian buttercups, ... Especially, Diem Chi flower store has peony chrysanthemum imported from Malaysia - a new type of flower chosen by many customers. Besides, Ecuardo roses and Dutch marbles are also popular. Manager of Diem Chi Flower Store Truong Thi My Hue said that this year, the store has a new type of flower called peony chrysanthemum, which is the best-seller in the store and is out of stock on March 5. However, she added that the price of Ecuardo rose this year is higher than last year because of the Covid-19 pandemic and flowers had been sold out in Tet holiday (the Lunar New Year) before. Presently, the not many flowers in full bloom are left, so the price is slightly higher than usual. The price of peony chrysanthemum imported from Malaysia is currently ranging from VND45,000 to 50,000 a flower while Da Lat peony daisy is VND 30,000 a flower, Ecuardo rose is VND 380,000 a bunch of 10 flowers and a bunch of 50 Da Lat red rose costs VND 200,000. Elsewhere in the city, employees of the Love Flower Store in District 3 were busy with soaring orders; flowers are at a high demand; therefore, flower store florists work hard to promptly deliver fresh bunches of flowers to customers. Da Lat rose, sunflower, lisianthus, different kinds of daisy, carnation have been …

[Read more...] about Bustle at Ho Thi Ky flower market, increased online orders on Int’l Women Day