Index for capital gain

Novaland led the realty sector's gain on Wednesday with a daily maximum growth of 7 per cent. — Photo vietnamplus.vn Shares maintained an uptrend on both stock exchanges, fuelled by solid cash inflows. Real estate and construction sectors led the gains. On the Ho Chi Minh Stock Exchange, the VN-Index extended gains to three days in a row this week, up 0.11 per cent to close Wednesday at 1,109.54 points. The southern bourse’s index gained 1.7 per cent in the last three days and 3.2 per cent this month. On the Ha Noi Stock Exchange, the HNX-Index increased 0.7 per cent to end at 230.33 per cent. The northern bourse’s index has constantly expanded since May 24 and gained 6.7 per cent since then. The market breadth was positive as the number of advancing stocks exceeded the declining ones, with 519 gainers and 275 losers in the two markets. However, within the VN30 basket (which tracks the top 30 shares by market value and liquidity in HCM City), there were 16 losers, 11 … [Read more...] about Shares maintain uptrend with high liquidity

Many cities have seized the opportunity to launch initiatives like Photo Hanoi'23 to promote the growth of culture and arts and to establish themselves as popular tourist destinations. More than 200 articles and programs have been published about the International Biennale Photo Hanoi'23. Over 170,000 visitors have participated in exhibitions and other activities. Social media posts have been viewed nearly 5 million times on PhotoHanoi networks alone, and 5,100 posts with #photohanoi hashtags have been sent on social media: Facebook, Instagram and Tiktok. These are the statistics announced by the French Ambassador to Vietnam, Nicolas Warnery, confirming the success of the first Photo Hanoi'23. Chance to explore local photography The French Ambassador expressed his pleasure at the warm reception Photo Hanoi'23 received from the community. He affirmed that the event contributes to the professionalization of the entire creative ecosystem and promotes the capital's economic … [Read more...] about Photo Hanoi’23 drives capital’s culture and art development

Carrying 400 passengers together, the flights using Airbus A321 aircraft landed in Da Lat’s Lien Khuong Airport and the Cam Ranh International Airport. The new links have pushed the number of routes operated by the carrier between Hanoi and other localities to five, offering more flight options for passengers. Earlier, the airline  had already run flights to Da Nang, Phu Quoc and Quy Nhon. Vietravel Airlines on May 25 officially launched direct flights connecting two Central localities of Vietnam – Cam Ranh and Da Nang with Macau (China). As of the first quarter of 2023, Vietravel Airlines, which made its debut in late 2020, had operated over 11,600 flights safely and carried close to 2.5 million passengers, with an average occupancy rate of 93.7%. The carrier aims to serve 900,000 passengers in the second and third quarters of this year. In the first quarter, Lam Dong and Khanh Hoa served 1 million and 2 million visitors, respectively. Source: VNA … [Read more...] about Vietravel Airlines opens route from capital to Da Lat, Cam Ranh

The launch of the support center aligns with the Government's goal to achieve an effective digital media transformation by 2025 and beyond. The Ministry of Information and Communications has launched a digital transformation center to support media outlets and ensure their competitiveness in the digital age. According to Luu Dinh Phuc, Director of the Press Authority under the Ministry of Information and Communications (MIC), the center will be responsible for developing an index to measure the level of digital transformation of media outlets, providing information and materials on successful digital media transformation models and experiences, and offering financial, technical, and technological support to press agencies. Vietnam has a new digital transformation center to support press agencies. Photo: VNA Speaking at a regular press conference in Hanoi on June 5, Phuc said the Press Authority would serve as a primary source of information and evaluation, … [Read more...] about Vietnam launches digital transformation center to support press agencies

Globally, energy accounts for more than two-thirds of total greenhouse gas emissions. This makes the transformation of the energy sector centrally important in reducing emissions, and tackling the global climate crisis. Last year, investment in renewable energy reached approximately $500 billion, while the share of wind and solar energy reached a record 12 per cent of global electricity generation. Ramla Khalidi - Resident representative United Nations Development Programme in Vietnam I take this opportunity to congratulate the Vietnamese government for the recent adoption of the long-awaited Power Development Plan VIII, which aims to achieve 10 GW offshore wind capacity by 2030, and reach a renewable energy target of 39.2 per cent by 2030. The energy transition offers opportunities to accelerate the achievement of the UN’s Sustainable Development Goals, including the creation of decent jobs, the development of new technology and renewable energy industry sectors, … [Read more...] about Energy transition will not come without challenges

Ambassador Dang Hoang Giang (second from right), Permanent Representative of Vietnam to the UN, speaks at the dialogue. (Photo: VNA) New York (VNA) - The United Nations Development Programme (UNDP) has been and will continue to be one of the most important and trusted partners of the Government and people of Vietnam on the country’s development and integration pathway, Ambassador Dang Hoang Giang has affirmed. Addressing an interactive dialogue between the UNDP Executive Board and UN member states held in New York on June 6 on the occasion of the 45th anniversary of the Vietnam - UN relations , the Permanent Representative of Vietnam to the UN pointed out impacts of such global issues as the COVID-19 pandemic, climate change, geo-political tensions, and food and energy crises. As a speaker at the meeting to share the country’s success story, he said that in this context, the Vietnamese Government has implemented a number of measures to protect people’s health, … [Read more...] about UNDP one of Vietnam’s most important partners on development path: ambassador

The Investment and Trade Promotion Center of Ho Chi Minh City (ITPC) and Ho Chi Minh City Association of Mechanical–Electrical Enterprises are jointly organizing the “Ho Chi Minh City Products Week 2023 - Mechanical and Electrical Devices and Digital Technology” which attracts the participation of over 40 businesses. Exhibitors are showcasing machinery, electrical equipment, digital technology services and solutions, logistics services supporting the mechanical engineering and electrical equipment manufacturing industry, and warehouse storage solutions. According to Tran Phu Lu, ITPC Deputy Director, the products selected by businesses to showcase in the exhibition are reputable and high-quality items with beautiful designs and advanced technology, which also incorporate digital technology and automation in their applications. The expo, to go on until June 7, is part of a city trade promotion campaign to help mechanical and electrical businesses promote their brands and products. … [Read more...] about Ho Chi Minh City seeks to promote export of mechanical products

In a dispatch sent to the Minister of Industry and Trade, the Chairperson of the Committee for Management of State Capital at Enterprises (CMSC), the Chairpersons of the People’s Committees of centrally-run cities and provinces, and leaders of Vietnam Electricity (EVN), Vietnam Oil and Gas Group (Petrovietnam) and Vietnam National Coal and Mineral Industries Group (Vinacomin), the Prime Minister pointed to problems in power supply in the Northern region. He noted that the severe heat and impacts from El Nino phenomena have led to a surge in power demand, coupled with drought in many Northern localities causing extremely low water level in hydropower reservoirs, thus greatly affecting the supply of electricity in the dry season of 2023. Despite efforts of relevant parties, there are still factors negatively affecting the supply of electricity in the time to come, especially in the Northern region. Amid this situation, the Government leader asked the Ministry of Industry and Trade … [Read more...] about Prime Minister orders solutions to ensure power supply in dry season

Nguyen Dinh Tung, CEO of OCB, revealed that last year the bank’s non-interest business segment was not so encouraging, yet they expect to see an increase in income from this segment this year. "Last year, the bank’s government bond trading business generated very little income, even catching losses at times, because of spiking interbank interest rates. Meanwhile, the bank remained cautious in corporate bond trading," said Tung, "As the government and banking sectors take measures to eliminate obstacles, we will be more proactive in the corporate bond market in the upcoming months." Meanwhile, Hanoi-based VPBank has emerged as one of the top performers in terms of non-interest income source generation. The net services income of the consolidated bank rose nearly 34 per cent on-year in the first quarter (Q1) of this year, with that of the parent bank showing a 44 per cent jump, driven by card-payment services and bancassurance. The bank carved out a spot in the top three … [Read more...] about Banks pin hopes on non-interest income sources

Customers still heavily lean towards traditional processes when it comes to researching property, Le Toan PropertyGuru, the owner of batdongsan.com.vn, has been in difficulties in Vietnam with a sharp decrease in turnover. In its first quarter result released on May 23, Vietnam marketplace revenue decreased 34 per cent on-year to $2.4 million, as government actions to tighten credit continued to impact the overall number of listings in the market. “The number of listings was down 32 per cent to 1.1 million in the first quarter compared to the prior quarter. The average revenue per listing was in-line with the first quarter of 2022,” the company said. PropertyGuru operates in the three markets of Singapore, Malaysia, and Vietnam. Only the Vietnam market saw a loss in the first quarter. Hari V. Krishnan, PropertyGuru CEO and managing director, said that the company’s overall first-quarter results were a successful start to 2023 as its performance in Singapore and Malaysia … [Read more...] about Some way to go for proptech to hit home