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A Petrolimex gas station. The listing of large-cap companies such as Petrolimex in 2017 helped increase the total value of the securities market by 80 per cent. — Photo moit.gov.vn Expanding the size of the securities market so that it becomes an alternative source of funding for companies beside bank loans remains a hard task for both market regulators and securities companies. According to National Assembly Deputy Tran Hoang Ngan, the total market capitalisation in the country was VND5.6 quadrillion (US$241.4 billion), but total lending stood at VND7.8 quadrillion. The ratios of the two figures in comparison with Viet Nam’s 2018 GDP are 100 per cent and 130 per cent. According to the National Financial Supervisory Commission, the size of the securities market was 109 per cent compared to the country’s total GDP at the end of 2018. The ratio for bank lending was 134 per cent. The figures showed Viet Nam was among the few economies where the total value of the … [Read more...] about Enlarging the securities market a hard task

An exhibition featuring ancient Buddha statues which date back thousands of years has opened to the public at the Ho Chi Minh City Museum of Fine Arts. The exhibition features hundreds of Buddha statues made from various materials and dating back throughout history. Buddhism entered Vietnam about two thousand years ago. It can be said that Buddhism has contributed considerably to the rich and unique cultural heritage of Vietnam. The collection by Ngo Muoi Thuong has many ancient Buddha statues dating back to feudal dynasties, converging the quintessence of sculpture. The exhibition helps visitors understand more about the aesthetic values as well as Buddhist cultural influence in Vietnam. The exhibition will run through November 21./. VNA … [Read more...] about Exhibition on ancient Buddha statues in HCM City

The Republic of Korea (RoK)’s non-governmental organisation Medipeace held a forum on November 11 to seek ways to enhance the Vietnam-RoK cooperation in supporting the disabled in the central province of Quang Tri. Secretary of the Quang Tri provincial Party Committee Nguyen Van Hung speaks at the forum in Seoul on November 11 At the event, held at the headquarters of the Korean International Cooperation Agency (KOICA) in Seoul, Secretary of the Quang Tri Party Committee Nguyen Van Hung said there remain numerous difficulties facing people with disabilities in his province, and they need more support from the whole of society, including NGOs and foreign governments, to bring into play their abilities and help them overcome social barriers so they are not left behind. He believed the model of combining social services with functional rehabilitation centres services used in the RoK is suitable for Vietnam. He expressed his hope that KOICA will sponsor the building of a … [Read more...] about Vietnam’s province calls for more support from RoK for the disabled

Hopes of a big rise in car sales in October thanks to a steep drop in prices and the rollout of new models have been dashed, spreading more gloom about the sector’s health. A corner of the Vietnam Motor Show 2019 The Vietnam Automobile Manufacturers’ Association (VAMA) said on November 11 that total car sales in October reached 28,948 units, a slight increase of 4.3 percent compared to September but much lower than the rest of the year. Of the total number, sales of passenger cars inched up 2 percent to 21,355 vehicles, while figures for commercial and special-purpose vehicles leaped 11 percent and 14 percent to 7,228 and 365, respectively. Some 16,406 domestically-assembled cars were sold, falling 3 percent month on month, while sales of imported units climbed 16 percent to 12,542. Toyota continued to lead sales with 7,216 vehicles, followed by Misubishi (3,566 units), Ford (3,114 units), and Honda (3,058 units). A series of promotions were offered by dealers … [Read more...] about Vietnam’s auto market filled with gloom despite falling prices

The Vietnam Motor Show 2019 (VMS 2019), to be held in HCMC from October 23 to 27, will be a get-together of 15 renowned automobile brands and hundreds of others in the automobile support industry. Poster of the event (Source: vnreview.vn) Top brands to the event include Audi, Ford, VinFast, Honda, and Lexus. Notably, a smart mobile app will be deployed to help visitors keep a close watch of all activities during the event and choose the shows they want to attend. It also enables automobile brands to provide information for their potential customers. The VMS, held by the Vietnam Automobile Manufacturers’ Association (VAMA) in collaboration with the Vehicle Importers Vietnam Association (VIVA), is expected to attract some 200,000 visitors, and millions of live streaming video viewers. Laurent Genet, a representative of the association, said it is not only an event for auto brands but also a magnet for car lovers who want to experience reputable models. VAMA Chairman … [Read more...] about Vietnam Motor Show 2019 to take place in HCM City next month