Is the market open tomorrow

An employee passes electronic boards showing share prices inside Hồ Chí Minh Stock Exchange in HCM City. — VNA/VNS Photo Hữu Khoa HÀ NỘI — An upgrade to emerging status will not only help the stock market develop quickly, transparently and sustainably, but also attract huge foreign capital inflows, said experts. Recently, the Government has directed to purge the market and improve the trading system’s capacity, showing its determination to enhance the quality of the stock market. The refinement is to protect investors and open a door for the Vietnamese stock market to be upgraded from a frontier to an emerging market. Prime Minister Phạm Minh Chính has taken an interest in the development of the capital market and the stock market, including the matter of upgrading the market. During a trip to attend the ASEAN-US Special Summit, on May 16, the PM visited the New York Stock Exchange (NYSE) – the largest stock exchange in the world – hoping it supports and shares experience to … [Read more...] about Upgrading the market for the sake of all participants

Mr. Phan Van Mai speaks at the meeting (PHoto: SGGP) At the first meeting of the Council of Rectors of Universities in the southern metropolis in 2022 at the University of Education yesterday, the council announced the decision to consolidate its personnel and proposed several new activities. The Council of Rectors in universities in HCMC was approved including Chairman of the Ho Chi Minh City People's Committee Phan Van Mai who was voted to be Chairman while Vice Chairman of the municipal People's Committee Duong Anh Duc was voted to be permanent Vice Chairman of the Council. Other vice chairmen of the Council include Director of Ho Chi Minh City Department of Education and Training Nguyen Van Hieu and Secretary of the Party Committee of HCMC Universities and Colleges Nguyen Thi Minh Hong. Members of the Council of Rectors of Universities in Ho Chi Minh City include 51 higher education institutions. The Rector's Council consists of six councils according to pedagogical … [Read more...] about HCMC Chairman Mai voted Chairman of Universities Council of Rectors

This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to Vietnam from May 3 - 18. “The Vietnamese economy is expected to grow at 6.3 percent in 2022 and 6.5 percent in 2023. Inflation is projected to remain contained,” said AMRO Group Head and Lead Economist Kalra. “This positive outlook rides on strong external demand, a recovery in domestic consumption and healthy investments inflows, bolstered by an appropriate macroeconomic policy stance.” The domestic outbreak of the Omicron variant receded sharply in April 2022, and border restrictions and domestic containment measures were eased. The aggregate output gap is expected to narrow significantly by the end of this year. The recovery is, nevertheless, uneven across sectors. While both the manufacturing and service sector outputs have surpassed their 2019 levels, the service sector still has pockets of distress, especially in the tourism, hospitality and … [Read more...] about AMRO forecasts Vietnam’s strong recovery amid external headwinds

Vietnam beat their Thai rivals 1-0 on Sunday night to win the gold medal in men’s football for the second time in a row at the Southeast Asian (SEA) Games. Despite the rainy weather, fans arrived at My Dinh National Stadium in Hanoi very early to cheer for the junior Golden Stars. The Vietnamese under-23 team staged a series of attacks to pressure their Thai peers in the very first minutes of the match. Striker Nguyen Tien Linh had a chance to open the scoring for Vietnam in the 19th minute, but his header was not powerful enough to defeat Thai goalie Kawin Thamsatchanan. From a corner kick in the 43rd minute, Thailand’s Jonathan Khemdee took a shot at Nguyen Van Toan’s goal, but the ball flew too high. Vietnam carried out a counterattack in the following minute, but there was a lack of coordination between the players. The first half concluded with no goals for either team. Thailand launched more attacks after the break, threatening Vietnam’s net in several … [Read more...] about Vietnam subdue Thailand to strike gold for 2nd time in SEA Games men’s football

National carrier Vietnam Airlines remained in the red in the first quarter of this year, with losses of nearly US$113 million, despite its revenue rising to a two-year high. The airline posted a loss of VND2.621 trillion ($112.9 million) over the first three months of 2022, according to its Q1 consolidated financial statements issued on Friday. The loss was recorded even though the flag carrier logged revenue of more than VND11.6 trillion ($500 million) in the period, up 55 percent year on year, the highest performance since the second quarter of 2020, when COVID-19 began to severely affect Vietnam’s aviation industry. The impressive revenue failed to cover the total cost that was higher than expected, leading to the firm’s ninth consecutive quarterly loss, the carrier said. Vietnam Airlines’ fuel expense in the quarter was VND465 billion ($20 million) more than projected given rising world oil prices, VnExpress cited the company as saying. The Q1 result has brought the … [Read more...] about Vietnam Airlines suffers $113mn Q1 loss despite revenue surge

Nguyễn Tiến Linh (9) and Nhâm Mạnh Dũng (17) celebrate after Dũng scored the only goal for Việt Nam. VNA/VNS Photo Quốc Khánh Peter Cowan HÀ NỘI – Việt Nam retained their SEA Games men’s football title on Sunday night, with a late, golden goal enough to see off bitter rivals Thailand by a goal to nil. The party began at Mỹ Đình Stadium in Hà Nội and surely went long into the night as the whole country celebrated their latest group of young heroes. The latest piece of silverware is yet another vindication of coach Park Hang-seo’s pragmatic methods, as while Việt Nam failed to entertain with their quality of play, he U23s still came away with the gold medal. Coach Park made three changes to the starting 11 that defeated Malaysia in the semi-final on Thursday, with Nguyễn Văn Tùng, Huỳnh Công Đến and Phan Tuấn Tài coming into the team. The passion of the rabid home crowd ensured the match was played in an atmosphere befitting of a final, but the quality of play in … [Read more...] about Golden Việt Nam defeat Thailand for SEA Games crown

Rogen Ladon of the Philippines wins men's 52kg title on May 22. AFP/VNA Photo Thanh Hà Thailand won four golds while the Philippines and Việt Nam secured three titles each on the last day of the SEA Games 31 competition on May 22. The first victory of the Thais went to Somchay Wongsuwan in the men's 57kg as he beat Farrand Papendang of Indonesia 5-0. Bunjong Sinsiri followed his compatriot on the top podium after defeating Sarohatua Lumbantobing of Indonesia 5-0 in the men's 69kg category. Jakkapong Yomkhot beat Cambodian Ong Pherak in the men's 91kg class with a 5-0 result. Chuthamat Raksat outclassed Trịnh Thị Diễm Kiều of Việt Nam 5-0 in the women's 48kg pool. Rogen Ladon retained the men's 52kg title after beating Vietnamese bet Trần Văn Thảo for Philippine boxing's first gold at the Games on at Bắc Ninh Province's Gymnasium. Ladon was the aggressor from the get-go en route to a 3-2 split decision victory. The 28-year-old Ladon found an opening … [Read more...] about Boxing titles shared among Thailand, the Philippines and VN

Vietnam beat their Thai rivals 1-0 on Sunday night to win the gold medal in men’s football for the second time in a row at the Southeast Asian (SEA) Games. Despite the rainy weather, fans arrived at My Dinh National Stadium in Hanoi very early to cheer for the junior Golden Stars. The Vietnamese under-23 team staged a series of attacks to pressure their Thai peers in the very first minutes of the match. Striker Nguyen Tien Linh had a chance to open the scoring for Vietnam in the 19th minute, but his header was not powerful enough to defeat Thai goalie Kawin Thamsatchanan. From a corner kick in the 43rd minute, Thailand’s Jonathan Khemdee took a shot at Nguyen Van Toan’s goal, but the ball flew too high. Vietnam carried out a counterattack in the following minute, but there was a lack of coordination between the players. The first half concluded with no goals for either team. Thailand launched more attacks after the break, threatening Vietnam’s net in several … [Read more...] about Vietnam subdue Thailand to strike gold for 2nd successive time in SEA Games men’s football

Vietnam’s seafood exports to the EU are expected to increase sharply in 2022 Preferential fishery product tariffs The EVFTA, which took effect on August 1, 2020, has provided great opportunities for Vietnam’s seafood exports to the EU thanks to a series of commitments on preferential tariffs. Under the EVFTA, among about 220 tariff lines of fishery products with rates ranging from zero percent to 22 percent, most tariff lines in the high range of 6-22 percent were reduced to zero percent immediately after the trade deal took effect. The remaining tax lines will be phased out to zero after 3-7 years. Shrimp is a major export benefitting from the new tariff scheme’s zero-percent tax rate for 3-5 years, while tariffs on frozen tra fish have been reduced to zero percent for three years. Other seafood, such as oysters, scallops and octopus, also enjoy zero-percent tax rate. In addition, the Russia-Ukraine war and sanctions imposed on Russia have offered Vietnam with … [Read more...] about Vietnam’s seafood exports to EU going swimmingly well