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Shares of the country’s biggest mobile phone and accessory retailers dropped to the floor price of VND68,000 per share. The company plans to temporarily close a number of its mobile phone retail stores The Gioi Di Dong and electronics retail stores Dien May Xanh located in areas affected by COVID-19. … [Read more...] about Shares struggle as investors still cautious after hefty gains

On the Vietnamese market, investors’ sentiment remains stable and bottom-fishing demand appeared in many large-cap stocks. Blue-chips like Bao Viet Holdings (BVH), Vingroup (VIC), Vincom Retail (VRE), Sabeco (SAB), Vinhomes (VHM) and Vinamilk (VNM) all gained and helped indices go up. … [Read more...] about Shares rise up despite falling macroeconomic metrics

“In the context that investors around the world are constantly selling all their assets to hold cash, it is questionable whether the massive gain last week will put an end to recent staggering selloff or make a start for further losses?” Hung said. … [Read more...] about Investors brace for bumpy trading week ahead

Other gaining blue-chips included SAB of major brewery Sabeco, up 4.2 percent, VNM of dairy giant Vinamlik, 3.2 percent, and two of Vietnam’s biggest state-owned banks by assets, VCB of Vietcombank and BID of BIDV, up 1.9 percent and 0.3 percent respectively. … [Read more...] about VN-Index rallies for second straight session

Then, PM Phuc handed over the appointment of Nguyen Hoang Anh, former Secretary of the Cao Bang Party Committee, as Chairman of the Committee for State Capital Management. At present, the committee is responsible for managing state assets and capital of around VND5.4 quadrillion ($239 billion). … [Read more...] about The 21 groups and corporations to be run by “the Super Committee”