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Transactions at Techombank's Tay Ninh branch. Techcombank topped the shares lifting the VN-Index most yesterday, growing nearly 3 per cent. — VNA/VNS Photo Shares started the new trading week positively but liquidity decreased and foreign traders returned to be net sellers, showing rising caution among investors. On the Ho Chi Minh Stock Exchange, the VN-Index increased by 0.33 per cent to close at 1,070.64 points. The market performed positively for most of the trading time but selling pressure increased towards the end of the session, leading to drops in some major stocks. Losers that weighed on the VN-Index included Vietcombank (VCB), Vinamilk (VNM), Vingroup (VIC), Masan Group (MSN), PV Gas (GAS) and insurer Bao Viet Holdings (BVH) with decreases of between 0.6 per cent and 1.2 per cent. Overall, the market breadth was positive with 263 stocks rising, 125 declining and 84 closing flat. Of the VN30 basket (which tracks the top 30 shares by market value and liquidity), … [Read more...] about Shares open the new trading week on positive note

Transactions at Techombank's Tay Ninh branch. Techcombank topped the shares lifting the VN-Index most yesterday, growing nearly 3 per cent. VNA/VNS Photo Hanoi - Shares started the new trading week positively but liquidity decreased and foreign traders returned to be net sellers, showing rising caution among investors. On the Ho Chi Minh Stock Exchange, the VN-Index increased by 0.33 per cent to close at 1,070.64 points. The market performed positively for most of the trading time but selling pressure increased towards the end of the session, leading to drops in some major stocks. Losers that weighed on the VN-Index included Vietcombank (VCB), Vinamilk (VNM), Vingroup (VIC), Masan Group (MSN), PV Gas (GAS) and insurer Bảo Việt Holdings (BVH) with decreases of between 0.6 per cent and 1.2 per cent. Overall, the market breadth was positive with 263 stocks rising, 125 declining and 84 closing flat. Of the VN30 basket (which tracks the top 30 shares by market value and … [Read more...] about Shares open the new trading week on positive note

Customers at Saigon Securities Inc's branch. SSI shares rose 3.8 per cent on Monday. — Photo courtesy of SSI Both national stock indices ended the first trading day of the week on a positive note, as a wave of gainers permeated nearly all sectors, reflecting the optimism of investors in the market's outlook. On the Ho Chi Minh Stock Exchange, the VN-Index increased 1.05 per cent to close Monday at 1,074.98 points. Similarly, the HNX-Index on the Ha Noi Stock Exchange rose by 1.22 per cent to end at 220.31 points. Market breadth favoured the buyers at the end of the session, with 661 gainers and 205 losers. The VN30 basket which tracks the top 30 shares by market value and liquidity on the HCM City’s bourse also exhibited positive performance, with 23 gainers, three losers and four closing flat. The liquidity remained high and showed significant improvement compared to previous sessions. Nearly 977 million shares worth VND15.7 trillion (US$665 million) were traded in the … [Read more...] about Investors bet on positive market outlook, indices rise

A Vietcombank employee talks to a customer at its office. The bank's shares surged by 1.5 per cent yesterday, lifting the VN-Index. — Photo courtesy of Vietcombank The Vietnamese stock market inched higher on Tuesday, extending its rally for the second day in a row. However, gains were capped by strong net selling activities by foreign investors. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 3.07 points, or 0.29 per cent, to close the day at 1,078.05 points. It climbed more than 11.2 points, the biggest intraday gain in two weeks, on Monday thanks to the investor's improving risk appetite. Tuesday's rally helped push the index closer to the resistance level of 1,080 points, and may further test the zone of 1,085 - 1,090 points, according to ASEAN Securities Company. Similarly, analysts from Yuanta Securities (Vietnam) Company said that the benchmark was likely to retest the resistance zone of 1,080 - 1,085 points, and the market would continue its … [Read more...] about Market extends gain on positive sentiment

Nam, 47, is a civil engineering graduate from HCMC’s University of Technology. He started working for HBC in 2001 as a supervising engineer and was then promoted to many high-ranking positions. In 2014 he was assigned as the deputy general director in charge of the northern region. In mid-2019, he resigned from this position. HBC’s general director position has been vacant for nearly a year since the company dismissed Le Viet Hieu, son of chairman of the board of directors Le Viet Hai. The HCMC Stock Exchange has announced that HBC stock will be restricted from trading (only in the afternoon session) beginning May 23 because the company is 45 days late in submitting its audited financial statement. This caused HBC shares to drop steeply, closing Friday at VND7,850 ($0.33), down nearly 20% compared to the beginning of the week. … [Read more...] about Hoa Binh Construction Group gets new general director

Manchester City were confirmed as Premier League champions for the fifth time in six seasons on Saturday without even having to kick a ball after second-placed Arsenal's challenge ended in defeat away at Nottingham Forest. Arsenal, who enjoyed an eight-point lead over City as recently as mid-March, needed at least a point to stay mathematically in the hunt, but went down 1-0. City, who host Chelsea on Sunday after which they will be presented with the trophy, have 85 points with three games to play, while Arsenal are on 81 with one game left. It is City's seventh Premier League title since they were bought by Abu Dhabi's Sheikh Mansour bin Zayed Al Nahyan in 2008 and they are now just two wins away from completing a treble only previously achieve by Manchester United in 1999. City face Manchester United in the FA Cup final on June 3 and a week later take on Inter Milan in the Champions League final -- starting big favourites in both games. Manager Pep Guardiola has now won a … [Read more...] about Manchester City win Premier League title as Arsenal lose

PM Pham Minh Chinh meets US President Joe Biden. (Photo: VNA) Hiroshima (VNA) – Prime Minister Pham Minh Chinh met US President Joe Biden and President of the European Council (EC) Charles Michel on May 20, within the framework of the ongoing expanded summit of the G7 . Prime Minister Pham  Minh Chinh meets with President of the European Council (EC) Charles Michel. (Photo:VNA) At the meeting between Chinh and Michel, the two sides expressed satisfaction at the positive progress in the Vietnam-EU relations. The EC leader expressed his joy at the vigorous, intensive and extensive development in the Vietnam-EU relations, and spoke highly of Vietnam’s efforts in the corruption fight. He took note of the progress reached between the two sides in the yellow-card warning, and affirm the EU’s strong support to Vietnam in the green transformation and JETP implementation. The leader also expressed his hope for Vietnam’s continued support for the EU in strengthening relations … [Read more...] about PM Pham Minh Chinh meets US, EC leaders

At a reception for Yoshida Akio, Representative Executive Director of AEON Co., Ltd., Prime Minister Pham Minh Chinh highly valued the positive and effective contributions of AEON to the development of retail and export sectors in Vietnam. He suggested that AEON select Vietnam as its global business hub and continue investing in more shopping centers and outlet malls in suburban areas. Furthermore, he encouraged AEON to invest in the construction of shopping centers in more cities and provinces with high average per capita income, dense population and tourism potential like Quang Ninh, Ba Ria - Vung Tau, Thai Nguyen, Nghe An, the Central Highlands, Khanh Hoa, and An Giang. The Prime Minister also proposed AEON bring more Vietnamese goods to the global supply chain, especially goods of Vietnam’s strength such as apparel, footwear, aquatic and agricultural products. Yoshida, for his part, said Vietnam is the biggest investment destination for AEON globally, with over USD 1.18 … [Read more...] about Prime Minister receives Japanese corporate executives

The Vietnamese government issued a resolution on solutions to accelerate tourism recovery and develop tourism sustainably and effectively on Thursday, moving toward turning Vietnam into one of the world’s 30 leading countries with the highest tourism competitiveness. As per the resolution, the government tasks the Ministry of Public Security with completing the immigration policy and creating more favorable conditions for foreign visitors to enter, stay in, and leave the country. Besides, the ministry is also in charge of expanding the list of nations eligible for e-visa application. The government will also propose the lawmaking National Assembly extend the e-visa validity to 90 days from 30 days to lure international tourists, especially those who want to stay long in Vietnam. Besides, many tourism experts and travel firms have put forward numerous measures to woo international travelers to Vietnam. Le Truong Hien Hoa, deputy head of the Ho Chi Minh City Department of … [Read more...] about Vietnam looks to be among 30 most competitive tourism nations worldwide

Vietnamese Prime Minister and the US President stressed the importance of maintaining exchanges between delegations at all levels, especially those of high ranking. With a focus on economic and trade cooperation, Vietnam-US relations continue to make strong progress, said Prime Minister Pham Minh Chinh during his meeting with US President Joe Biden on the sidelines of the expanded G7 Summit in Hiroshima, Japan on May 20. Prime Minister Pham Minh Chinh and US President Joe Biden are at the summit's sideline. Photo: Nhat Bac The two leaders agreed on measures to strengthen bilateral relations between Vietnam and the US. They also discussed international and regional issues of common concern. Both stressed the importance of maintaining exchanges between delegations at all levels, especially high-level delegations. This is the second time in six months that the leaders of Vietnam and the US have met, following their previous meeting at the 40th and 41st … [Read more...] about Vietnam-US relations continue strong progress: PM