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The index closed 1.4 points lower after gaining 15.9 points Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped 12.6% to VND15.9 trillion ($651.77 million). The VN30 basket, comprising the 30 largest capped stocks, saw 18 tickers fell. SSB of Southeast Asia Commercial Bank (SeABank) dropped 4.8% and STB of Ho Chi Minh City-based lender Sacombank fell 3.3%. VRE of retail real estate arm Vincom Retail closed 2.5% lower and SAB of brewer Sabeco declined by 2.3%. Ten blue chips gained, led by PLX of fuel distributor Petrolimex with a 3.3% increase. Foreign investors were net sellers to the tune of VND509 billion, mainly selling STB of Ho Chi Minh City-based lender Sacombank and GMD of logistics company Gemadept Corp. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.57% while the UPCoM-Index for the Unlisted Public Companies Market dropped 0.33%. … [Read more...] about Stock market stable after strong changes

VGC made history as the first Vietnamese firm to exhibit at Cersaie in 2022, and this year will feature alongside renowned global brands like RAK Ceramics, Kale, or Halcón Cerámicas, setting itself apart from other Asian vendors. The booth will feature an array of standout tile products under the Viglacera brand, attracting the attention of a diverse audience, including customers, business leaders, and experts from various fields within the construction industry, from around the world. VGC's participation at Cersaie 2023 goes beyond mere product display, as it signifies the company's strategy to challenge existing standards and revolutionise the construction materials sector. VGC's commitment is to bring Vietnamese-made products shoulder to shoulder with the leading manufacturers of Europe. Viglacera's products have firmly established their presence in major markets such as the US, the UK, Germany, Italy, South Korea, Taiwan (China), and Australia. With nearly … [Read more...] about Viglacera has attended the renowned Cersaie 2023

Vietnam attracted close to US$20.21 billion in foreign investment in the year to September 20, up 7.7 percent year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment. In particular, foreign investors registered to inject over $10.23 billion into nearly 2,300 new projects in the nine-month period, surging 66.3 and 43.6 percent, respectively. The period also saw 934 operational foreign direct investment projects revise up their capital by a total of over $5.15 billion, up 21.5 percent in the number of projects but down 37.3 percent in the additional capital. Foreign investors also conducted around 2,500 transactions to contribute funds to and acquire shares in local firms with total capital of $4.82 billion, edging down five percent in the number of transactions but soaring 47 percent in value. They poured capital into 18 out of 21 national economic industries in Vietnam, with the processing and manufacturing sector taking the lead … [Read more...] about Vietnam’s 9-month foreign investment attraction up 7.7 percent

Trương Tiến Triển, deputy chairman of the Cần Giờ District People's Committee, speaks at the seminar “Cần Giờ specialties and solutions to build brands of HCM City agricultural specialties" held in Cần Giờ on Saturday. — VNA/VNS Photo Building brands will enhance the value of Cần Giờ District’s agricultural specialties and enable them to reach more consumers in the domestic market and beyond, a seminar has heard in HCM City. Speaking at the “Cần Giờ specialties and solutions to build brands of HCM City agricultural specialties" late last week, Trương Tiến Triển, deputy chairman of the district People's Committee, said the city’s only coastal district has 43,000ha of agricultural land, including 10,000ha for aquaculture with an output of 30,000 tonnes a year. It also has 200ha of mango orchards mainly in Cần Thạnh town and Long Hòa Commune, he said. “This is the Hòa Lộc mango variety. Farmers use fish protein to fertilise them and so the fruits have high quality and a very … [Read more...] about Experts call for popularising Cần Giờ specialities by building brands

Data from WINA estimates that in 2022, China’s national noodle demand amounted to nearly 45 billion servings, followed by Indonesia at 14.2 billion, and Vietnam with 8.48 billion. This means each Vietnamese person consumed an average of 85 packs a year, ranking first globally. The report indicates that the instant-noodle demand among Vietnamese decreased slightly between 2021 and 2022, with the figures down by nearly 1 per cent. However, the 8.6 billion packs sold in 2021 marked an increase of more than 20 per cent compared to 2020. Vietnam is home to about 50 instant noodle producers, offering a diverse range of options and price points. Dominated by four major instant noodle makers, namely Acecook Vietnam, Masan Consumer, Uniben, and Asia Foods, the competition in Vietnam's instant noodle market is becoming fiercer. In 2022, Acecook generated revenues of over $590 million. Annually, it provides the market with more than three billion instant food products each year, making it … [Read more...] about Vietnam among the world’s principal instant noodle consumers

Several ongoing trends in the Vietnamese tourism sector have contributed to its strong recovery in the wake of the global COVID-19 pandemic, with the increasing travel demands of Gen Z and families with kids as significant contributors, according to the Visa Global Travel Intentions Study (GTI) 2023. Vietnam, with its stunning landscapes and diverse cultural heritage sites, has become a popular destination for travelers from around the world. According to the study, it is vital for both travelers and industry stakeholders to understand new trends in Vietnamese tourism following the pandemic. In terms of leisure trips, families with kids and 'Silvers' – individuals older than 60 – made an average of 2.4 trips over the past 12 months, more than any other market segments, according to the GTI 2023. Besides ticking visiting landmarks, Vietnamese tourists are now placing a strong emphasis on leisure-focused and experiential journeys. Relaxation was the main driver of travel, … [Read more...] about Emerging trends expected to power Vietnam’s tourism boom: study

Vietnamese tourists visit Tokyo Japan. Vietnamese are among those who crave holidaying abroad the most across Southeast Asia. — VNS Photo Thu Ngân Vietnamese are among those who crave holidaying abroad the most across Southeast Asia, according to GrabAds’s latest SEA Travel Insights 2023 report. In the report, 80 per cent of 1,500 Vietnamese survey respondents planned to have an overseas holiday, just slightly behind Thailand and Singapore at 86 per cent and 85 per cent, respectively, and ahead of the Philippines at 69 per cent, Malaysia at 64 per cent and Indonesia at 56 per cent. The survey shows that intent to travel remains strong across the region. Of those surveyed, 72 per cent of Grab users plan to travel abroad at least once in the next 12 months, jumping from just 39 per cent when borders reopened in 2022, indicating intent to travel has climbed by 84 per cent in just one year. While Thailand, Singapore and Malaysia lead the way in terms of destinations within … [Read more...] about Vietnamese itching to take leisure trips overseas

Huynh Thanh Dat, Minister of Science and Technology, and Susan Elliott AM, interim president and vice-chancellor of Monash University What does it mean to Monash University to successfully host International TECHFEST 2023? We are pleased to host International TECHFEST 2023 – the first time the event has been held in Australia – as we celebrate the milestone of 50 years of diplomatic relations between Vietnam and Australia. We are delighted to collaborate with Vietnam's Ministry of Science and Technology and to have the opportunity to welcome the country's delegation to Monash. International TECHFEST 2023 reflects Monash University’s distinctive global footprint and commitment to international collaborations. It is a wonderful platform to strengthen relations between Monash and Vietnam, and deepen our connections with Vietnamese students, researchers, and industry leaders. Importantly, this event offers a significant opportunity to enhance the potential of the … [Read more...] about Monash University helps Vietnamese startups unlock their potential