Orcas buy sell trade

A container is loaded at Chu Lai Port in Quang Nam Province. Vietnam lacks a well-connected logistics network which can boost agricultural product trade and export. (Photo: VNA) Hanoi (VNS/VNA) - Despite being considered as the driving force of Vietnam’s economic growth, agriculture has been held back by an incomplete logistics system which fails to ensure quality and connect farms with markets, according to Ministry of Agriculture and Rural Development (MARD). Vietnam has recently opened its doors for agricultural products to be exported to the international markets, yet struggled to win over customers and couldn’t compete with products from other countries in terms of quality and price due to drawbacks of the existing logistics system. Most small- and medium-sized enterprises fail to afford the cost of logistics services.   According to Vietnam Association of Logistics Services Enterprises, the expenses for storing and transporting agricultural products account … [Read more...] about Poor logistics system hinders agricultural products’ trade

Overall, on the Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, 101 stocks gained and 206 stocks lost at the end of Monday session. Vietnam’s index for its 30 highest market cap stocks, the VN30-Index, fell 0.89 percent to 892.48 points. The HNX-Index, which represents a separate market for smaller and mid-cap stocks, fell 0.43 percent, and the UPCoM-Index for unlisted public companies fell 0.71 percent. Blue-chips, real estate and oil and gas stocks were mostly losers in this session, with 12 stocks falling by above 2 percent. GAS shares of state-owned oil and gas corporation PetroVietnam Gas JSC fell 2.5 percent, and CTD shares of construction giant Coteccons dropped 2.9 percent. VIC shares of private conglomerate Vingroup and VHM shares of its real estate arm, the two largest market cap stocks on HoSE, also lost 0.2 and 1.1 percent respectively. The only exception to the general selling trend of the market were some banking stocks, such as MBB of … [Read more...] about Stock market down as trade war escalates

Americas News Focus squarely on Trump as December 15 tariffs loom in U.S.-China trade war The Saigon Times Daily Wednesday,  Dec 11, 2019,16:24 (GMT+7) Focus squarely on Trump as December 15 tariffs loom in U.S.-China trade warThe Saigon Times Daily Customers shop during Black Friday sales at a Target store in Chicago, Illinois, U.S. November 29, 2019 – PHOTO: REUTERS WASHINGTON (REUTERS) - U.S. President Donald Trump has days to decide whether to impose tariffs on nearly US$160 billion in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China. The White House’s top economic and trade advisers, including Trade Representative Robert Lighthizer, Larry Kudlow, Peter Navarro, and Treasury Secretary Steven Mnuchin are expected to meet in coming days with Trump over that decision, one person briefed on the situation said. There is still no clarity on … [Read more...] about Focus squarely on Trump as December 15 tariffs loom in U.S.-China trade war

Vietcombank divested over $9 million from the share sale at the national airline Over the time period of January 25-February 8, the commercial bank was reported to conduct the stock transaction which subsequently downsized the bank’s proportion of shareholding at the national airline from the initial volume of 22.4 million shares to 14.8 million shares, commensurate with a reduction in the bank’s shareholding from 1.83 per cent to 1.21 per cent. As opined by the stock market’s analysts along the whole duration of the share deal, the commercial bank’s decision to divest such a hefty amount of stock at Vietnam Airlines was pondered as a “smart move” as the airline’s stock was regarded as an overweight on the domestic bourse with an unprecedented surging price of the ticker at VND70,000 ($3.07) per share. Briefly after the sale, the airline’s stock price plunged below VND50,000 ($2.2), a drop of roughly 30 per cent. The bottom of the … [Read more...] about Vietcombank sell-down sends national airline crashing

Nguyen Thi Xuan Thuy, director of the Ministry of Industry and Trade’s Centre for Supporting Industrial Development, said at a recent forum that Vietnam’s textile industry is still dependent on import of production inputs. The country plans to have 30,000-76,000 hectares under cotton crops in the 2015-2020 period, but had only 1,000 ha in 2017, and cotton production that year was only 1,000 tons against a target of 20,000-60,000 tons, she said. The country targets annual fabric production of one billion meters but there is no allocation of funds for it, and so most material has to be imported for production, Thuy noted. Vietnam imports half the raw material for production from China, and this means its textile products would not enjoy zero import tariffs under the trade pacts it has signed, she added. But local feedstock producers struggle to sell domestically. Vu Huy Dong, CEO of thread producer Dam San, said 90 percent of his output is exported to China. "Chinese … [Read more...] about Textile sector stuck at bottom of value chain