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On the Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, 161 stocks gained and 152 stocks lost. The VN30-Index, representing Vietnam’s 30 biggest market cap stocks, rose 59 percent with 18 stocks gaining and only 5 losing. Eight stocks rose at least one percent this session. Most banking stocks rose this session save for CTG of VietinBank, one of Vietnam’s three biggest state-owned lenders by assets, which fell by one percent. MBB shares of state-owned Military Bank led the gains, with a rise of 3.3 percent, followed by FPT shares of IT giant FPT and MWG of electronics retail giant Mobile World which both rose 1.8 percent. Next were PNJ shares of Phu Nhuan Jewelry and NVL of real estate developer Novaland, which rose 1.6 and 1.4 percent respectively. VCB of Vietcombank and BID of BIDV, two of Vietnam’s other biggest state-owned lenders, rose 0.6 and 0.5 percent respectively, while stocks of mid-sized private lenders such as HDB (HDBank) and VPB … [Read more...] about Blue chips nudge VN-Index upwards

Singapore has retained its top position in the world in food security for the second consecutive year in the Global Food Security Index. (Photo: straitstimes.com) Singapore (VNA) – Singapore has retained its top position in the world in food security for the second consecutive year in the Global Food Security Index, which assesses if people have access to affordable and quality food to meet their nutritional needs. Singapore is the only country in Asia ranked in the top 10 of the index. With a score of 87.4 out of 100, the city-state was ahead of second-ranked Ireland, the US (third), Switzerland (fourth) and Finland and Norway in joint fifth. Published annually, the Global Food Security Index considers the core issues of affordability, availability and quality & safety across a set of 113 countries. The index is a dynamic quantitative benchmarking model constructed from 28 unique indicators that measures the drivers of food security across both developing and developed … [Read more...] about Singapore tops food security index for 2nd straight year

The three additional months are needed to carry out new preliminary evaluations of investors before they can bid for the public-private partnership (PPP) work, according to a recent report the government made to the National Assembly. Next year, the evaluations are expected to be completed by February, the contractor identified by August, and the tendering process completed by November, the report said. In September the Ministry of Transport decided not to invite foreign bids for the eight sections of the expressway to be built under the PPP model, saying only a few qualified and this could lead to a low level of competition. Sixty investors, half of them Chinese, submitted expressions of interest for the eight sections, but for four of them no investor met all the requirements, while for the rest only one to three did so, the ministry said in a statement. It then decided to invite fresh tenders with lowered criteria for the North-South Expressway from local investors, to "ensure … [Read more...] about Transnational expressway investor selection to take until August 2020

The benchmark index fell 6.29 points to close at 991.1 points, with 144 stocks gaining and 169 losing.  The VN30-Index, which represents the 30 largest cap stocks, lost 2.1 points (0.24 percent) to close at 885.29 points.  The HNX-Index in Hanoi and the UPCoM-Index of unlisted public companies lost 0.17 percent and 0.44 percent.  In the morning Vietnamese stocks followed regional movements and opened almost 10 points lower at 987.55.  However, unlike the Chinese Shanghai Composite and Japanese Nikkei 225, which closed 1.41 and 2.11 percent down, the Vietnamese market clawed back some of its losses in the afternoon as investors began buying manufacturing stocks. Stocks of industrial parks saw unusually strong gains, with Sonadezi Corporation rising by 13 percent, Sai Gon VRG Investment Corporation by 8.9 percent and some others by over 8 percent.  Volatile sectors such as securities, real estate, construction, and oil and gas came under strong selling pressure. … [Read more...] about Vietnam stocks edge down after Trump’s latest China tariff threat

Featuring 13 Designers from Hong Kong and Abroad ; Showcasing the Possibilities when Craftsmanship is Integrated into Everyday Design HONG KONG, CHINA - Media OutReach - 11 December 2019 - Design Spectrum, the new design initiative organised by Hong Kong Design Centre (HKDC) with  sponsorship from Create Hong Kong (CreateHK) of the Government of the Hong Kong Special Administrative Region (HKSAR Government), is showcasing Asian design philosophy in four thematic exhibitions at 7 Mallory Street, a Grade II Historic Building in Wan Chai. As we approach the halfway point of the four-part programme, for the third exhibition, Refined Touch: Crossover Between Design and Craft, different designers and artisans from Hong Kong and abroad have been invited to showcase their creations with origins in both design and craft, encouraging visitors to rethink the relationship between the two. Design Spectrum will also offer a series of workshops where design and … [Read more...] about Hong Kong Design Centre Presents REFINED TOUCH: CROSSOVER BETWEEN DESIGN & CRAFT, Third DESIGN SPECTRUM Exhibition