Pretivm stock exchange

The stock market these days is beset with anxiety and cautiousness. Investors cannot predict how the stock prices while foreign investors sell more than buy. The VN Index has dropped from 1,025 points to below 960 while investors complain their accounts have undergone big losses. The VN Index has dropped from 1,025 points to below 960 while investors complain their accounts have undergone big losses. With the spells of correction which occurred later, many shares continued falling in price. Even the investors holding bluechips also suffered. With foreign cash stay in Vietnam? Kim Chi  VN stocks to head up in December, trade war concerns expected After having declined for four straight weeks, the Vietnamese market may rebound in December as analysts and securities companies expect that cheaper shares will attract hungry investors amid the world’s volatility.   Proposal to merge Hanoi and Ho Chi Minh City stock exchanges on hold The proposal to merge … [Read more...] about Stock investors turn more cautious after taking loss

Masan MeatLife officially debuted on the securities market on December 9 The day officially saw 323.3 million MML stocks worth VND26 trillion ($1.13 billion) launched on the UpCoM at VND80,000 ($3.48) per stock. However, after the first session, the stock fell by 12.6 per cent or VND10,000 ($0.43) in price, hence MML's market capitalisation shrank by nearly VND3.3 trillion ($143.48 million) to $976 million. Two years ago, VN Consumer Meat II Pte., Ltd. purchased 7.5 per cent of Masan MeatLife for $150 million. The stock price at the time was VND210,000 ($9.13), equalling $2 billion in capitalisation. At the time of launching on the securities market, the company gave wind to ambitions of conquering the local meat market the way Vinamilk has been dominating the milk segment. Masan MeatLife currently has 10 factories with the annual capacity of 3 million tonnes. Moreover, the Masan subsidiary also developed a distribution system of more than 4,500 dealers across the country. According … [Read more...] about Masan MeatLife yet to live up to IPO expectations

At the opening ceremony, Mr. Nguyen Thanh Phong, chairman of HCMC People’s Committee, said that industrial processing and manufacturing industry is considered as key economic industry of the city. The city has implemented several solutions to support and create favorable conditions for enterprises in this field to develop. Of which, investment stimulation program is for supporting industry sector only, hereby helping enterprises to invest in upgrading machinery and equipment and improving competitiveness. However, he also said that, in order to participate deeply and sustainably into global supply chain, domestic enterprises need to improve productivity, upgrade technology towards environmental protection. The city will increase activities to promote and connect supporting industry enterprises in the city with end-to-end and foreign direct investment enterprises to create conditions and opportunities for the city’s supporting industry to develop. So far, the city has … [Read more...] about HCMC supporting industry seeks market, cooperation

  HCM CITY — Renowned Vietnamese and foreign music producers, musicians, singers and bands will gather at the 1st HCM City International Music Festival from December 13-15. Hò dô (HOZO), the largest outdoor music show in HCM City, is organised by the city’s Department of Culture and Sports. Talented artists of HCM City will kick off HOZO, Huy Tuấn, the music and art director of the festival, said. Lê Thanh Tâm, one of the leading producers of the Vietnamese music scene, and the Saigon Pop Orchestra, along with singers Võ Hạ Trâm and Đức Tuấn and Oplus band, will open the festival, Tuấn said at a press meeting held on Monday (December 9). The event will feature performances in a variety of music genres, from jazz, pop and traditional music with high artistic quality, he added. City residents and tourists will enjoy an international music atmosphere with performances … [Read more...] about HCM City to host first international music festival

Authorities in northern Hai Phong City have discovered 253 projects which showed signs of land law violations. Land use planning of three localities adjusted 253 projects in Hai Phong have been discovered to violate land law. — VNA/VNS Illustrative Photo According to Tran Van Phuong, director of the city's Department of Natural Resources and Environment, one of the most popular violations committed by enterprises after being assigned or hired State land lots is delaying implementing projects. The city's People’s Committee has retrieved more than 295ha of land from 19 violating projects. Among those, six projects covering 10.03ha have been assigned to new investors. They include project of Dong A Aquaculture Development Company, located in Ngoc Hai Ward, Do Son District, assigned to Hai Phong Food Company; project of Kinh Thanh Trading Joint Stock Company in Cat Ba Town, Cat Hai District, assigned to Sungroup; and project of Mechanical Manufacturing Joint Stock … [Read more...] about Hai Phong to review land violations