The index was in the green mostly throughout the day, with strong buying pressure beginning at around 1.30 p.m., seeing it end with a near 22-point gain, the biggest increase in a day during the past 12 sessions. The Ho Chi Minh Stock Exchange (HoSE), on which the index is based, saw 297 tickers in the green and 126 lose. Its trading value fell 9 percent to VND19.8 trillion. The VN30 basket, comprising the 30 largest capped stocks, was a sea of green with 25 tickers gaining, led by MSN of conglomerate Masan Group with a ceiling increase of 7 percent. MSN has gained nearly 17 percent since April 12, and is nearly 6 percent away from breaking its previous peak in 2018. HPG once again climbed to another historic peak with a 5.9 percent gain, its fourth session in the green. The ticker has increased by 37 percent this year. Several real estate companies ended in the green, with PDR of Phat Dat Real Estate Development rising 6.9 percent to a new historic peak, followed by KDH of real estate firm Khang Dien House, up 5.4 percent. VHM of real estate giant Vinhomes rose 3.5 percent. It contributed most to the gain of VN-Index this session, bringing it up by 3 points. The ticker’s trading volume hit a new all-time record of 9.1 million shares. Foreign investors were net sellers for the fourth session in a row to the tune of VND743 billion, up 66 percent, with strongest pressure on MSN of conglomerate Masan Group and DXG of real estate developer Dat Xanh Group. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.9 percent, while the UPCoM-Index for the Unlisted Public Companies Market added 0.24 percent. …
Raven arms p 25 magazine
Boxers seek golds at Hanoi’s SEA Games
Former boxing champion Truong Dinh Hoang and his young teammate Vuong Thi Vy have set their sights on SEA Games gold medals. Vuong Thi Vy (right) is one of Vietnam's top boxers. She will seek her first SEA Games title in Hanoi later this year. Photo vothuat.vn Hoang, who triumphed at the men’s 75kg category in the 2015 Games, will fight in the 81kg class this year, while Vy is expecting to take her first gold at the regional event slated to be held in Hanoi this winter. Hoang was tipped to win the men’s 81kg tournament in the Philippines Games two years ago and easily advanced to the final, besting the host nation's John Marvin Nobel on his way there. However, he unexpectedly lost to Thongkrathok Anavat of Thailand on points. His defeat was attributed to a mistake as he was confused between the rules of the World Boxing Association for professional athletes and the International Boxing Association (AIBA) for the amateurs, with the latter applied at the SEA Games. AIBA does not support a defensive style in boxing but encourages fighters to go on the attack. Although Hoang performed well throughout the fight, he lost points for hugging and clinching. The loss is the biggest regret of the first Vietnamese boxer to win belts of the World Boxing Association Asia and Asia East to date. While his teammates are training at the National Sports Training Centre No 2 in HCM City, Hoang is working with his own crew at the Saigon Sports Club. “At the club, I am working with three coaches following a strategic plan. The club managers also support me with the best nutrition regime and recovery after exercises,” said Hoang. He also said that the Saigon Sports Club provides him with plenty of quality sparring partners, both local and foreign, to help improve his abilities. In preparation for the event, Hoang last month defeated Scottish fighter Mathew Cook Donald in the 'Celebrity Fights: Chef Edition' in HCM City. He will have another bout as a final …
Pandemic impacts consumer credit
A board shows a consumer lending product of FE Credit. The consumer finance market has large potential in Vietnam. (Photo: enternews.vn) Hanoi (VNS/VNA) - The COVID-19 pandemic is significantly changing the landscape of the consumer credit market as consumers tend to tighten their budget and pay more attention to healthcare, environment and lifestyle as well as switching to online shopping. According to Can Van Luc, a member of the National Financial and Monetary Advisory Council, financial companies will reshape their business strategies after the pandemic, depending on changes in consumers’ habits and behaviour. Specifically, consumers tend to tighten their budget and pay more attention to healthcare, environment and healthy lifestyles. Digital technologies, e-commerce and online shopping are becoming popular in the operation of enterprises and consumption of residents. “Consumer lending is gradually shifting from traditional methods to using technologies like consumer data, online marketing, online verification through big data, artificial intelligence and direct disbursement to customers’ accounts and electronic wallets,” he said. A survey by FiinGroup found that the pandemic caused a decline of 25 percent of the world’s consumer market in 2020, pushing up bad debts by 100 percent and profits down by nearly 200 percent. Market research company Ipsos found that about 80 percent of surveyed Vietnamese said that their incomes were negatively affected by the COVID-19 pandemic, with 41 percent seeing a drop of more than 20 percent. The pandemic also urged consumers to limit using cash and switch to electronic wallets and online payments. The COVID-19 pandemic is also changing the landscape of the consumer finance market which urges financial companies to move towards consumer trends of cashless payment. Nguyen Thanh Phuc, deputy director geneeral of FE Credit, said that as the pandemic was under control in Vietnam, the borrowing …