Rapid city stock show

Established in 1990, HDBank is one of the first joint-stock commercial banks in the country established under the policy of reforming the economic management mechanisms of the Party and the state. Implementing the resolution of the sixth Party Congress, Ho Chi Minh City changed from a centrally planned economy to a socialist-oriented market economy. HDBank was established with the initial mission of housing development and urban embellishment, contributing to the development of a civilised and modern Ho Chi Minh City. HDBank has consistently followed the renovation process of Ho Chi Minh City in particular and the country in general. In 2011, with a broader vision after 22 years of operation, the bank decided to change its name to Ho Chi Minh City Development Commercial Joint-Stock Bank to implement a new development strategy for the new era. In 2013, HDBank made a mark on the market as the first case of a voluntary merger of a healthy bank, Dai A Commercial Joint-Stock Bank, … [Read more...] about HDBank contributes to development of Ho Chi Minh City

A view of Royal City, a project developed by Vingroup. — Photo vinhomesmartcitytaymo.vn Given the recent strong gains of many real estate stocks, experts said that there is still room for rallies, but investors need to carefully consider before taking new long positions. NDN shares of Danang Housing Investment Development and TIG of Thang Long Investment Group soared more than 20 per cent in a month, while in the past two months, ITC shares of Investment and Trading of Real Estate, DIG of DIC Group, API shares of PEC Investment, and IDJ of IDJ Investment climbed by 40-80 per cent. In the second half of 2022, the real estate stock group tumbled due to declining liquidity, tight credit capital, bond funds and mobilised funds from customers. The rally waves of realty stocks usually come at the end of the economic cycle or at the end of the stock market’s bullish cycle, Bui Van Huy, director of HCM City Branch at DSC Securities Corporation, told tinnhanhchungkhoan.vn. Real … [Read more...] about Experts suggest caution regarding investments in realty stocks

Rooftop solar power system in Nha Trang City. — VNS Photo Ly Ly Cao The recently passed Power Development Plan VIII (PDP8) is expected to have positive impacts on the Vietnamese stock market, electric utility stocks, as well as related industries’ ticker symbols, said experts. The Government on Monday approved the PDP8, which guides the growth of renewable energy sources, including rooftop solar power. The plan aims at providing sufficient supply for domestic electricity demand, meeting the socio-economic development target with an average GDP growth rate of about 7 per cent a year during 2021-2030 and about 6.5-7.5 per cent a year in 2031-2050. The ambitious plan also sets out a roadmap to drastically cut coal power to convert and replace it with clean energy sources, especially wind and gas power. The share of renewable energy will increase to 30.9-39.2 per cent by 2030 and 67.5-71.5 per cent by 2050. Offshore wind power capacity is expected to reach at least 6,000 MW by … [Read more...] about Electric stocks expected to benefit from Power Plan

The assault on the largely leveled city was led by troops from the Wagner Group of mercenaries, whose leader Yevgeny Prigozhin said earlier in the day that his troops had finally pushed the Ukrainians out of the last built-up area inside the city. Taking Bakhmut - which Russia refers to by its Soviet-era name of Artyomovsk - would represent Moscow's first big victory in the conflict in more than 10 months. "As a result of offensive actions by Wagner assault units, supported by artillery and aviation of the Southern Group of Forces, the liberation of Artyomovsk has been completed," the Russian defense ministry said in a one-line statement. Kyiv denied Prigozhin's claim earlier on Saturday but did not have an immediate response to the defense ministry's statement. Russian President Vladimir Putin congratulated troops on capturing the city and said those who had distinguished themselves would be given awards, domestic Russian news agencies reported. The claims came after a … [Read more...] about Russia says Ukrainian city of Bakhmut captured

Why did AEON decide to invest in Vietnam over a decade ago instead of a more dynamic or developed destination in the region at the time? Furusawa Yasuyuki, executive officer board member of AEON Co., Ltd. in charge of Vietnam Business, as well as general director of AEON Vietnam We started to research the Vietnamese market in 2009 before opening our first shopping mall in 2014. Now, we have eight companies in Vietnam covering shopping malls, retail, finance, services, and exports. We realise that Vietnam is in a period of rapid and outstanding growth, which is similar to the previous development stage of Japan. Therefore, we believe with AEON’s experiences and know-how accumulated in Japan, we can apply and contribute to the development of Vietnam’s market. How does AEON evaluate the investment environment in Vietnam? Japanese businesses want to invest in Vietnam because of various attractive factors. Firstly, with fast population growth, especially in the … [Read more...] about Robust decision-making for rapid retail development

Planning Bicycle Infrastructure in Urban Areas will make cycling safer and more comfortable for people. The Urban Bicycle Infrastructure Design Technical Guide, the first in Vietnam, is based on lessons learned from recent bicycle infrastructure and road safety projects in Vietnamese cities and contributes to green city development. It is heard at the launching ceremony jointly held by the Ministry of Construction (MoC) and the German Agency for International Cooperation (GIZ) in Hanoi on May 29. According to Daniel Herrmann, chief technical advisor for the Support to Vietnam for the Implementation of the Paris Agreement, Phase II project, The guide will make cycling safer and more comfortable for people and promote cycling as an everyday travel option for people in Vietnam. "Prioritizing bicycles as a daily mode of transport is an effective and low-cost strategy that can help cities achieve their green growth goals and contribute to the country's net-zero emissions … [Read more...] about Bicycles contribute to green city development in Vietnam

The annual BCI Asia Awards, now into its 18 th year, has been taking place in seven Asian countries and territories: Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. Beyond recognising developers and architecture firms that are building and designing the greatest volume of buildings in the seven markets, the BCI Asia Awards aims to encourage the creation of socially responsible architecture. Celebrating 18 years of building and design leadership, BCI Asia Awards remains one of the most coveted awards in the regional building industry while serving as a platform for domestic and international networking among elite architecture firms, property developers, manufacturers and service providers. Top 10 Architects and Developers Awards The BCI Asia Top 10 Developers and Architects Awards will also be bestowed at the awards ceremony. The Top 10 Architects/Developers are identified as the firms with the greatest aggregate value of projects … [Read more...] about BCI Asia Awards 2023 set for Ho Chi Minh City

Two investors on the exchange floor of DSC Securities Corporation. — Photo DSC Securities Corporation Shares are forecast to rebound this week amid rising demand to retest the supply at the area close to 1,080 points, said securities companies. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index lost by 0.12 per cent, to close at 1,067.07 points. The weakening movement in Friday's session turned out to attract bottom-fishing demand and helped the market to significantly narrow down the drop at the end of the session. “With existing support signals, it is likely that the market will continue to be supported and rally next week to retest the supply at the area near 1,080 points," said Viet Dragon Securities Co. "Therefore, investors need to observe the supply and demand movements at the resistance zone. “For the time being, it is still possible to hold or exploit short- term opportunities in some stocks with good technical signals and attracting cash flow. However, it is … [Read more...] about Shares to rebound this week to retest 1,080 points

Foreign investors at the Ho Chi Minh Stock Exchange (HoSE). Capital flows in the market are moving in opposite directions. — Photo hsx.com.vn While individual investors' cash flow is supporting the market, foreign investors are strongly net selling multi-trillions of dong. The good news of the interest rate reduction has not yet been able to help the stock market. The VN-Index mainly accumulated within a narrow range of 1,060 – 1,070 points with a divergence between industry groups. The remarkable point is the strong net selling momentum of foreign investors recently. In the last week alone, foreign investors strongly sold nearly VND2.4 trillion (US$102 million). In the Securities Spotlight online forum organised by MBS Securities, economist Hoang Cong Tuan said that capital flows in the market were moving in opposite directions. While individual investors' cash flow was becoming a support for the market, foreign investors were strongly net selling. Discussing the reason for … [Read more...] about Foreign investors’ net-selling pressures indices

Keep up with the most recent developments in Vietnam. First five-star cruise ship arrives in post-pandemic Phu Quoc International tourists taken from Costa Serena to the coast of Phu Quoc Island. Photo: Huu Tuan/The Hanoi Times The Italian-flagged cruise ship Costa Serena returned to the popular island of Phu Quoc Island in the southern province of Kien Giang on May 21, carrying more than 2,600 international tourists and becoming the first five-star cruise ship to visit the island since the Covid-19 outbreak. The arrival of Costa Serena signals the recovery of the local tourism industry. Phu Quoc is expected to receive more cruise ships soon as Kien Giang Province develops tourism infrastructure facilities to accommodate more ocean cruise passengers. Man arrested for torturing newborn baby Police in Da Lat City in the Tay Nguyen (Central Highland) province of Lam Dong arrested 33-year-old Tran Hoai Thuong on the night of May 21 for brutally … [Read more...] about Vietnam News Highlights for May 22, 2023