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Ambassador Dang Hoang Giang (L) and Ambassador Sovann Ke (Photo: baoquocte.vn) New York (VNA) – The Permanent Delegations of Vietnam and Cambodia to the United Nations (UN) co-organised a ceremony to mark the 55 years of the two countries’ diplomatic relations on June 24 in New York. Ambassador Sovann Ke, Permanent Representative of Cambodia to the UN, appreciated the good cooperation between the two countries, especially in the fields of politics, development, economics, trade, and people-to-people exchanges, as well as the close coordination between the two delegations. He expressed gratitude for the heartfelt assistance from the Vietnamese people, especially Vietnamese volunteer soldiers, to help Cambodian people get rid of the Pol Pot genocidal regime. The diplomat also informed his Vietnam ese counterpart Dang Hoang Giang ofpriorities and activities chaired by Cambodia as the Chairman of the ASEAN Committee in New York in 2022. Ambassador Giang recalled … [Read more...] about Anniversary of Vietnam-Cambodia diplomatic ties marked in New York

Ambassador Sovann Ke, Permanent Representative of Cambodia to the U.N., appreciated the good cooperation between the two countries, especially in the fields of politics, development, economics, trade, and people-to-people exchanges, as well as the close coordination between the two delegations. He expressed gratitude for the heartfelt assistance from the Vietnamese people, especially Vietnamese volunteer soldiers, to help Cambodian people get rid of the Pol Pot genocidal regime. The diplomat also informed his Vietnamese counterpart Dang Hoang Giang of priorities and activities chaired by Cambodia as the Chairman of the ASEAN Committee in New York in 2022. Ambassador Giang recalled the milestones in the bilateral relations, affirming that numerous many challenges and ups and downs in history, the solidarity, traditional friendship and comprehensive cooperation between Vietnam and Cambodia have been consolidated and developed continuously. He pledged to strive to preserve and … [Read more...] about Establishment of Vietnam-Cambodia diplomatic ties marked in New York

A modern Vinamilk (VNM) production line, with an annual capacity of 800 million litres. VNM rose 2.08 per cent on Friday.- Photo Vinamilk On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 0.11 per cent, to end at 1,198.90 points. It had decreased 1.68 per cent, to end Thursday at 1,197.60 points. More than 534 million shares were traded on the southern bourse, equivalent to VND11.4 trillion (US$489 million). Market breadth was neutral with 243 losers and 210 gainers. Securities stocks made strong gains, with gainers including Viet Capital Inc (VCI) and Ho Chi Minh Securities Corp (HCM). Both of them were pulled to the ceiling price. VNDirect (VND) increased by 6.3 per cent and SSI Securities Inc (SSI) rose by 4.8 per cent. Banking stocks also attracted cash flow with gainers including Military Bank (MBB), Techcombank (TCB), Bank for Investment and Development of Viet Nam (BID), VietinBank (CTG), Viet Nam International Commercial JS Bank (VIB), Saigon-Hanoi … [Read more...] about Shares rebound on the back of securities and large-cap stocks

Inside a factory of Hoa Phat Group (HPG). HPG increased 5 per cent on Monday. — VNA/VNS Photo Vietnamese shares on Monday surpassed the 1,200-point mark, underpinned by steel and banking stocks. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 1.46 per cent, to 1,202.82 points. The benchmark last week registered a weekly decrease of 2.6 per cent. Nearly 527 million shares were traded on the southern bourse, equivalent to VND12.3 trillion (US$529 million). Market breadth was positive with 116 losers and 340 gainers. In the banking group, most of the stocks gained ground including Military Bank (MBB), Techcombank (TCB), Bank for Investment and Development of Viet Nam (BID), VietinBank (CTG), Viet Nam International Commercial JS Bank (VIB) and Saigon-Hanoi Commercial JS Bank (SHB), and Tien Phong Bank (TPB). Vietcombank (VCB) was the only decliner in the group. Steel stocks also attracted cash flow with gainers including Hoa Sen Group (HSG) rising 5.3 per … [Read more...] about Market surpasses 1,200-point mark thanks to steel, banking stocks

Shareholders voted for him to replace Dang Tat Thang, who was appointed in March after his predecessor Trinh Van Quyet was arrested for allegedly manipulating the stock market. Thang now serves as vice president of the company. Nguyen, brother-in-law of Quyet, has more than 17 years of experience in doing business and used to hold leading positions in many businesses. He was also a member of the board of directors of FLC Group from 2013 to October 2017 and from June 2018 to June 2020. FLC said it would focus on restructuring its management model and business plans this year. Several of its key leaders have been detained amid an investigation into possible stock market fraud that caused "serious damage to investors and affected the operations of Vietnam's stock exchange," according to the Ministry of Public Security. The company suffered losses of VND465 billion ($19.85 million) in the first quarter, its biggest in the last two years. … [Read more...] about FLC Group names new chairman

The index closed 17.34 points higher after losing 3.4 points Friday. Trading on the Ho Chi Minh Stock Exchange increased by nearly 21 percent to VND12.32 trillion ($529.7 million). The VN-30 basket, comprising the 30 largest capped stocks, surged to the highest in a week with 26 tickers gaining. SSI of leading brokerage SSI Securities rose 6.7 percent, extending its gaining streak to the fourth session in a row. NVL of real estate developer Novaland closed 6.5 percent higher, with trading value highest since last December. Other winners included PNJ of Phu Nhuan Jewelry, up 6.1 percent, and HPG of steelmaker Hoa Phat, up 5 percent. Four bucked the trend, led by VIC of Vietnam's biggest conglomerate Vingroup JSC with a 1.1 percent drop. The ticker is now at a 27-month low, having fallen 42 percent from its peak last April. VNM of dairy giant Vinamilk, and MWG of electronics retailer Mobile World both lost 0.6 percent. VCB of the largest state-owned lender Vietcombank … [Read more...] about Blue chip stocks hit weekly high

An investor watching stocks' movements at a trading floor of SSI Securities in Ha Noi. — VNS Photo Doan Tung In the first half of 2022, both market's benchmark index and liquidity plunged sharply, with the VN-Index posting a dip of over 20 per cent, making it one of the world's worst-performing stock markets. Market capitalisation lost over US$53 billion In the first six months of this year, especially from April until now, the Vietnamese stock market has witnessed a significant decline and fell below the 1,200 threshold as bottom-fishing demand was not strong enough. After six months, VN-Index plummeted by 20 per cent, while the HNX-Index recorded a decrease of 41.4 per cent year-on-year. According to China-based stock database Stockq, a drop of more than 20 per cent has made the VN-Index one of the worst-performing stock indices in the world during that period. Data from Bloomberg showed that the benchmark closed June at 1.1976 points, equivalent to a price to earning … [Read more...] about Viet Nam among world’s worst performing stock markets in first half

"I opened the other three accounts because registration is easy and more brokerages mean I get to receive more regular investment advice," the 30-year-old office worker explained. In the last two years brokerages have hugely simplified the account opening process, he said. When he opened his first account in 2020, he had to visit the brokerage, but this year he opened a new account online. People like Dung are partially the reason why the number of new stock accounts has been skyrocketing despite a decline in trading. Over 476,000 new accounts were registered in May, the highest ever monthly figure in the stock market’s two-decade history, according to the Vietnam Securities Depository. Around 1.4 million new accounts were opened in the first five months of this year, higher than the total number added between 2017 and 2020. There are now 5.65 million stock accounts, or one each for 5.7 percent of the population. But the average daily trading in May fell by 32 percent … [Read more...] about Rising stock account numbers despite plunging trade causes worry

Indices advanced on Thursday morning, backed by recoveries in energy and seafood stocks after a strong sell-off in the previous session. The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) struggled as it curbed the early loss to end higher in the morning trade. Of which, the benchmark rose 0.64 points, or 0.05 per cent, to 1,169.91 points. It gained despite the 30 biggest stocks tracker VN30-Index still losing 2.08 points, or 0.17 per cent, to 1,225.1 points. The southern market's breadth remained in negative territory with more stocks declining than increasing. Liquidity also fell sharply compared to the previous session. Accordingly, the matching value on the HoSE tumbled 35.3 per cent to VND4.42 trillion (US$190.1 million). However foreign investors net bought more than VND140 billion on the southern bourse in the morning session. On the Ha Noi Stock Exchange (HNX), the HNX-Index climbed 1.82 points, or 0.68 per cent, to 271.21 points. Leading the … [Read more...] about Market inches higher on energy, seafood stocks

The Ministry of Finance is working on amending and supplementing Decree No. 153/2020/ND-CP on private offering and trading of corporate bonds in the domestic and international markets. — Photo baogiaothong.vn The Vietnamese stock market has gone through nearly half of 2022 with turbulence and remarkable events, especially the Government's crackdown on illegal activities manipulating the market. At the moment, the market is struggling as both liquidity and the benchmark index fall sharply. Experts said that monetary policy tightening from the US Federal Reserve (Fed), prolonged Russia-Ukraine conflict and China's zero COVID policy will indirectly affect the country's stock market. Stock market crackdown In the first half of 2022, many big business owners such as Do Thanh Nhan, Chairman of the Board of Louis Holdings Group and Le Anh Dung, President of Tan Hoang Minh Group, were arrested for illegal activities in the stock and corporate bond market. These cases showed the … [Read more...] about Stock market faces bumpy ride in second half of 2022