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A man monitors stock prices. The VN-Index of the Hochiminh Stock Exchange continued its downward spiral today, January 28, due to forced selling – PHOTO: VNA HCMC – With losers overwhelmingly outstripping gainers by 478 to 20, the VN-Index of the Hochiminh Stock Exchange continued its downward spiral to close down 73.23 points, or 6.67%, from the day earlier, at 1,023.94 today, January 28, due to panic selling following news of Covid-19 outbreaks. … [Read more...] about Main index plunges as some 480 stocks end in red

Senoir Lieutenant General Nguyễn Trọng Nghĩa, member of the Military Central Commission and deputy head of the General Department of Politics, said since 1975, the Khmer Rouge conducted many raids into Vietnamese territory where they slaughtered a huge number of Vietnamese civilians. The Vietnamese Party and State had exercised restraint and a policy of peace and friendship but the regime escalated their invasion activities forcing Viet Nam into a defensive war. … [Read more...] about Việt Nam remembers just war against genocidal Khmer Rouge

Hanoi (VNA) - Foreign investors had poured 1.51 billion USD into Vietnam as of January 20, a 4.1 percent increase over the same period last year, according to the Ministry of Planning and Investment (MPI). Forty-seven new projects were granted investment registration certificates, a year-on-year decline of 81.8 percent, while the registered capital topped 1.3 billion USD, down 70.3 percent. Forty-six existing projects registered to add capital totalling 472.2 million USD, up 41.4 percent year-on-year. Meanwhile, capital contributions and shares purchases by foreign investors stood at 220.8 million USD, down 58.7 percent. Foreign investors pumped capital into 14 sectors in the period, with processing and manufacturing holding the lead at nearly 1.54 billion USD, representing 76.4 percent of the total. Real estate ranked second with nearly 179 million USD, followed by transportation and warehousing and agro-forestry-fisheries with 111.9 million USD and 60.4 million USD, … [Read more...] about January FDI tops 1.5 billion USD

"The market has not had any significant correction after the outbreak of Covid-19 in Vietnam. Investors have therefore not endured major losses, so have little experience behaving in special circumstances like this," said Hoang Thach Lan, head of investment advisory at brokerage VDSC, referring to panic selling seen during Thursday’s session. … [Read more...] about VN-Index sees historic losing session