The index closed 1.7% points higher. It has dropped nearly 39 points this week. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 12% to VND13.96 trillion ($575.20 million). The VN30 basket, comprising the 30 largest capped stocks, saw 10 tickers gained. VIC of private conglomerate Vingroup rose 4.1%, followed by BCM of Becamex Investment and Industrial Development with a 3.4% increase. VRE of retail real estate arm Vincom Retail rose 2.6% and VPB of private lender VPBank closed 2.4% higher. Fourteen blue chips fell. CTG of state-owned lender VietinBank lost 2.6% and SSI of leading brokerage SSI Securities Corporation dropped 1.5%. Foreign investors were net sellers to the tune of VND537 billion, mainly selling CTG and VCI of Viet Capital Securities. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.79% while the UPCoM-Index for the Unlisted Public Companies Market gained 0.38%. … [Read more...] about VN-Index steadies after stormy week
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Hanoi promotes trade and investment potential to investors
The event was held by Hanoi Centre for Investment, Trade, and Tourism Promotion (HPA) in collaboration with the Hanoi Young Business Association. As many as 100 businesses showcased their products, services, and outstanding technologies during the event, seeking business and investment opportunities with both domestic and foreign companies. Le Tu Luc, deputy head of the HPA, said that the event was organised to introduce Hanoi's investment, trade and tourism promotion achievements, strengthening cooperation between international investors and businesses in Hanoi and the surrounding area. "The HPA's organisation of this event not only helps businesses in Hanoi and the neighbouring provinces introduce their products, but also enables domestic and international businesses to connect and cooperate," he emphasised. Over the past eight months, the city has attracted $2.34 billion worth of foreign investment, accounting for nearly 12.9 per cent of the country's … [Read more...] about Hanoi promotes trade and investment potential to investors
Hanoi aspires to become a global city
The formulation of capital planning is an integral component of Hanoi's endeavors to achieve its developmental goals by 2030, with a forward-looking perspective reaching to 2045. Hanoi commits to transforming into a globally interconnected metropolis by 2045, serving as the country's visage, said Deputy Secretary of the Hanoi Party Committee Nguyen Van Phong at a scientific conference on the Hanoi Planning Orientation for 2021-2030 , with a vision to 2050, held today [September 29]. Overview of the conference. Photos: Thanh Hai/The Hanoi Times Phong said the city's goal is not merely to vie for supremacy with other provinces and cities in the country but to position itself globally, comparable to countries in Asia and the world. During the conference, Deputy Chairman of the Hanoi People's Committee Ha Minh Hai said that the formulation of the capital planning for the 2021-2030 period, with a vision to 2050, is an integral component of Hanoi's endeavors to … [Read more...] about Hanoi aspires to become a global city
HCM City increasingly appealing to foreign visitors
International tourists are becoming increasingly drawn to Ho Chi Minh City. (Photo: VNA) Hanoi (VNA) – International tourists are becoming increasingly drawn to Ho Chi Minh City where they can discover its vibrant blend of cultures through standout tours. Of the total 25 million tourist arrivals that the city hosted during January – August, there are nearly 3 million foreigners, up 105.2% year-on-year. Local tourist sites such as Ben Thanh Market , Sai Gon Central Post Office , and the War Remnants Museum have been favoured among the visitors. Zuzanna Henel and Klaudia Witkowska from Poland said they are impressed by the “Biet dong Sai Gon” (Sai Gon Special Task Force) tour developed by Vietluxtour, during which they got a better understanding of Vietnam’s war time as well as stories about Sai Gon heroes. Visiting HCM City for the fourth time in ten years, Allan Andersen from Demark said he wants to enjoy walks along the streets as well as local foods such as … [Read more...] about HCM City increasingly appealing to foreign visitors
SkyX Solar steers sustainable shifts with green IZ and certification in Vietnam
An example of a SkyX Solar collaboration with An Phat At a seminar from September 12 to 17, held by the World Sports Goods Industry Federation and the Vietnamese Delegation in Geneva, distinguished brands like Adidas and Decathlon spotlighted Vietnam's crucial role in sustainable manufacturing, praising its robust workforce and rapid assimilation of advanced technologies. Leveraging its National Strategy for Green Growth 2021-2030, Vietnam is making substantial strides towards its sustainable development goals, with an emphasis on evolving its textile and footwear industries by 2035 to align with a circular economic model. This commitment resonates deeply with international sustainability standards, enhancing Vietnam's influence in the sustainable supply chain sector. The role of green certificates – which are emblematic of sustainable and responsible production and the use of renewable energy – is becoming increasingly crucial in today’s market. These certificates are … [Read more...] about SkyX Solar steers sustainable shifts with green IZ and certification in Vietnam
$84 million freeze-dried instant coffee facility inagurated in Binh Duong
The new facility was established to meet rising global demand for instant coffee, particularly more premium freeze-dried instant coffee. The facility’s product offering is tailored to meet the preferences of consumers across established markets, such as Europe, and emerging markets in Asia. Members of LDC and Instanta’s global and regional senior management, as well aslocal government representatives, on hand to open the facility. According to Ben Clarkson, LDC’s Global Head of Coffee, the venture with Instanta supports global strategy to diversify through more value-added products, reflects ongoing commitment to Vietnam as a key market for LDC, and complements the existing global robusta green coffee business, expanding the product portfolio to meet customers’ needs. "Leveraging expertise in coffee sourcing in Vietnam and an extensive global network, combined with Instanta's leadership in the instant coffee business, ILD Coffee Vietnam is well positioned for … [Read more...] about $84 million freeze-dried instant coffee facility inagurated in Binh Duong
More consideration lent to US investment
Photo Le Toan Just a week after Vietnam and the US elevated their bilateral relations to a comprehensive strategic partnership, Prime Minister Pham Minh Chinh paid a working trip to the US to attend the 78th session of the UN General Assembly where he underlined Vietnam’s contributions and commitments to the UN’s activities, and met with UN Secretary-General António Guterres. In the US, he also met with US Vice President Kamala Harris, leaders of the US Congress, the national security advisor, and several members of the US cabinet. He also visited the New York Stock Exchange where he knocked the gavel to open a trading session. He underlined the need for both nations to focus on materialising the new cooperation framework into specific strategies, projects, and business cooperation. Noting priorities to be implemented, the PM said both nations must continue to prioritise resources for realising commitments in the joint leaders’ statement on elevating US-Vietnam relations. … [Read more...] about More consideration lent to US investment
Matsukiyo to open new store in Hanoi
The new store opened on September 29 at Vincom Mega Mall in Times City and is seen as the first step on the journey to conquer the Hanoi market, with more stores to open there in the near future. Matsukiyo stores are home to a diverse range of genuine products from reputable global brands, along with Matsukiyo’s exclusive products such as The Retinotime and Argelan. Customers can find a variety of skin care cosmetics, makeup, functional foods, with products from Japan and Vietnam, as well as other countries. All products at the store have clear origins and are guaranteed safe. Hiroki Miyaoka, managing director of Matsukiyo Vietnam, said, "Vietnamese people’s awareness of health and beauty has increased compared to three years ago, when we opened our first store in Ho Chi Minh City." “We have identified the Hanoi market as an important stage in our expansion strategy. As a cultural, economic, and political centre, Hanoi represents the diversity and potential of the … [Read more...] about Matsukiyo to open new store in Hanoi
NCA aims to promote Vietnam as safe, cyber secure country
The National Cybersecurity Association (NCA) is established on September 8 at its first congress for the 2023-2028 tenure in Hanoi. (Photo: VietnamPlus) Hanoi (VNA) – The establishment of the National Cybersecurity Association (NCA) is expected to contribute to turning Vietnam into a safe and cyber secure country. The Ministry of Home Affairs issued a decision on May 8, 2023, approving the establishment of the National Cybersecurity Association. Under the decision, the association is a socio-occupational organisation of Vietnamese citizens and organisations operating in cybersecurity, set up on a voluntary basis to protect the legitimate rights and interests of members and ensure cybersecurity in line with the Party and State’s orientations and strategies in the field, contributing to national defence and socio-economic development. The event saw the participation of nearly 200 delegates who are members of the NCA, including officials from agencies, business … [Read more...] about NCA aims to promote Vietnam as safe, cyber secure country