The VN-Index, which tracks the performance of the Ho Chi Minh Stock Exchange (HoSE), closed above the resistance area of 1,100 points, equivalent to 1,120 points of the VN30-Index, in the last trading week. Although cash flow has not improved much, supply pressure has not put great pressure on the market. The market is expected to continue to be supported and gain points in the next trading sessions. Therefore, investors can still expect the market to expand the uptrend and exploit some short-term opportunities in stocks with positive accumulation background, said Viet Dragon Securities Co. 2022 was an eventful year for the Vietnamese stock market with many records set. After a prosperous 2021, the VN-Index continued to stay at its historic peak for the first three months of 2022. However, the market then declined, putting itself on the list of the worst performers in the world. As of December 27, the benchmark had dropped 34.2% to 1,004.57 points, from the 1,520-point peak … [Read more...] about Positive prospects for Vietnam’s stock market this year
Most fallen stock this week
ASEAN discussing 5G deployment roadmap
Deputy Minister of Information and Communications Phan Tam speaks at the ASEAN Conference on 5G . (Photo: Minh Son/Vietnam+) On the morning of October 11, in Hanoi, the ASEAN Conference on 5G took place within the framework of the International Digital Week organized by the Ministry of Information and Communications of Vietnam. Deputy Minister of Information and Communications Phan Tam said that ASEAN countries all have 5G development strategies but are facing problems with infrastructure, standards for deployment and information security. Therefore, the cooperation of ASEAN countries to build a 5G roadmap is one of the priority tasks and goals in the coming time. Lao Minister of Technology and Communications - Boviengkham Vongdara, said technology is one of the contents of long-term cooperation between Laos and Vietnam. "Laos wants to learn from the experiences of other countries, including Vietnam, which has achieved many achievements in digital transformation," … [Read more...] about ASEAN discussing 5G deployment roadmap
Japan to drop mask guidance, relax Covid strategy
Japan's government will drop its recommendation to wear masks indoors and downgrade its medical classification for Covid-19, Prime Minister Fumio Kishida said Friday. Japanese Prime Minister Fumio Kishida removes his face mask before his speech during a plenary session of the upper house of parliament in Tokyo on January 27, 2023. (Photo by Kazuhiro NOGI / AFP) The changes, effective from early May, will classify the disease on the same level as the flu, down from its current status on par with tuberculosis and SARS. "As for masking, regardless of indoors and outdoors, the decision will be left up to individuals," Kishida told a televised government meeting. "We will take further steps towards 'life with corona' and make steady progress on returning to normality in homes, schools, workplaces, neighbourhoods and all facets of life." Masks are ubiquitous in public places and are commonly worn outdoors as well, despite the government having already said they … [Read more...] about Japan to drop mask guidance, relax Covid strategy
Australia’s Victoria state pins hope on Vietjet’s launch of flights
Pallas said the presence of a carrier from Southeast Asia is a victory of Victoria state’s economy and brings job opportunities to the locality, reflecting the state’s tourism and export strengths. VietJet will run three direct weekly flights from Ho Chi Minh City to Melbourne airport from April and will develop it into a daily service in December 2024. Its flights are expected to bring more than 136,000 passengers to Melbourne each year and add 97 million USD annually to the state's economy. VietJet will be the second Vietnamese airline to operate flights to Melbourne since after the COVID-19 pandemic. Previously, Vietnam's new-generation Bamboo Airways also launched the service in April 2022. Vietnam is now the ninth largest importer of Victoria state, with 113 million AUD (80.5 million USD) worth of Australian goods transported via airway during 2021-2022, up 77% compared to 2020-2021. Victoria state is also a popular tourist and study destination for Vietnamese. About 9,500 … [Read more...] about Australia’s Victoria state pins hope on Vietjet’s launch of flights
NA leader lauds State Audit Office’s crucial contributions
NA Chairman Vuong Dinh Hue (C) and representatives of the SAV (Photo: VNA) Hanoi (VNA) - Chairman of the National Assembly (NA) Vuong Dinh Hue made a new-year visit to the State Audit Office of Vietnam (SAV) on January 27, the first working day after the week-long Lunar New Year holiday . (Photo: VNA) The NA leader also commended the SAV on its external activities. The agency has maintained cooperation mechanism with the state audit agencies of Laos and Cambodia, and made important contributions to the Asian Organisation of Supreme Audit Institutions (ASOSAI) and the ASEAN Supreme Audit Institutions (ASEANSAI). financial and budget discipline s. VNA … [Read more...] about NA leader lauds State Audit Office’s crucial contributions