Ho chi minh stock exchange

Vietnam’s business hub Ho Chi Minh City will first resume interprovincial tours from November 1 before re-launching international tourism activities in early 2022, according to its plan for tourism recovery from COVID-19. The plan has been launched as the southern city and the country in general are loosening strict COVID-19 restrictions to resume socio-economic activities under ‘new normal conditions,’ a phrase the Vietnamese government uses to describe its new strategy of living safely with the coronavirus. Accordingly, the tourism recovery will follow a three-phase roadmap that requires strict compliance with epidemic prevention measures. In the first phase, which lasts from now to October 31, the city will reopen local tourism activities in “green zones”, meaning areas without known COVID-19 infection cases. People can select tours organized by travel companies or go by themselves to destinations in districts where the pandemic has been put under control. Hotels and …

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The market inched higher on Friday morning as large-cap stocks rose. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index rose 5.47 points, or 0.39 per cent, to 1,397.32 points, claiming back all losses sustained in the last two sessions. The market's breadth was positive with 230 stocks climbed, while 170 stocks declined. However the liquidity was lower than yesterday, with just VND10.7 trillion (US$471.4 million) being poured into the southern market, translating into a trading volume of over 387.7 million shares. The index's recovery was supported by large-cap stocks in manufacturing, banking and real estate sectors. The VN30-Index, which tracks 30 biggest stocks on HoSE, gained 6.66 points, or 0.44 per cent, to 1,510.04 points. Of the VN30 basket, 23 stocks edged higher, while six slid and one stayed unchanged. Hoa Phat Group (HPG) led the market's uptrend this morning, up 1.23 per cent. It was followed by Orient Commercial Joint Stock Bank (OCB) and Sabeco (SAB), up …

[Read more...] about Market rebounds, VN-Index gets closer to 1,400 point-level

Traffic turned heavy on roads leading to Ba Ria - Vung Tau on Saturday morning after the southern Vietnamese province’s administration had removed medical control measures, including COVID-19 testing certificate mandate, imposed on arrivals. Residents of Ho Chi Minh City started searching for the new COVID-19 prevention and control regulations in Ba Ria - Vung Tau on Friday evening, when the provincial authorities announced the relaxation of curbs on socio-economic activities and medical controls. Accordingly, arrivals to the province are no longer required to present a negative COVID-19 testing certificate while beach-going and outdoor sporting activities such as walking, golf and tennis are resumed with a limited number of participants starting Saturday. Many people thus drove their vehicles from Ho Chi Minh City to Vung Tau, the popular beach city of the southern province, on Saturday morning. Vehicles pass through a tollbooth on a section of National Highway 51 in …

[Read more...] about Vehicles flock to Vietnam’s southern beach city as COVID-19 testing certificate mandate removed

HCMC led the daily tally with 790 cases, followed by Dong Nai with 397 and Binh Duong with 385. 88 deaths were recorded, with 58 cases in Ho Chi Minh City, 11 in Binh Duong, three in Tien Giang, Long An and Tay Ninh each, two in An Giang and Can Gio, and one each in Binh Thuan, Dak Nong, Dong Nai, Gia Lai, Kien Giang and Soc Trang. The total coronavirus death toll so far is 21,131, accounting for around 2.4 percent of all infections. Also on Saturday, 1,581 Covid-19 patients were announced recovered, bringing the number of recovered cases to 790,504. Over 60.5 million have been vaccinated, with more than 17.6 million receiving two doses. …

[Read more...] about Vietnam records 3,211 new local Covid cases

Revenue of the passenger transport operator hit nearly VND600 million in the third quarter of this year, down 98 percent compared to the same period of 2020. Suspending operations during the social distancing order, the company mainly survived by collecting service fees for cargo vehicles at the terminal. During January-September, revenue dropped by 38 percent to more than VND50 billion, equivalent to one-third the 2021 plan. Post-tax profit recorded a decrease of 67 percent to nearly VND14 billion, equivalent to one-fourth the profit target. In a recent move, Ho Chi Minh City plans to reopen inter-provincial buses from November to meet the demand of workers returning to the city, a hub of industrial and processing parks. However, passenger transport routes are required to operate 50 percent of the frequency, gradually increasing as scheduled. Previously, the inter-provincial passenger transport service had suffered seriously from the high-Covid-risk city’s decision on …

[Read more...] about Mien Tay Bus Station reports first loss

Thirty two percent of the agreed payment is what landlord Tran Ky Mui in An Nhon Commune in the central province of Binh Dinh got from Mobile World for leasing his building for the September-November period. The biggest electronics retail chain in the country ascribed the outstanding 68 percent the company being forced to shut down shops due to social distancing measures from July to September. This is why Mui only received VND24 million ($1,053) out of the total VND75 million. The unusual decision of the company forced Mui to hire a lawyer to either get his money or the building back so he could lease it to someone else. "At first I intended to give Mobile World a 50 percent discount. But as they repeatedly send letters with a disrespectful attitude, I decided not to give them a dime of discount." He was referring to the four letters Mobile World, with 949 outlets of the same name, has been sending to its landlords since June, demanding a discount from the lease, which had …

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