Passengers disembark a Vietjet aircraft. Vietjet (VJC) rose 0.9 per cent on Thursday. —Photo vietjet.com HÀ NỘI — Markets rallied for the second consecutive session on Thursday, partly thanks to the Fed’s Wednesday announcement that it would keep interest rates unchanged and forecast no cuts or hikes in 2020. The central bank’s move helped boost market sentiment, Saigon-Hanoi Securities Co said in its daily report. The VN-Index on the Hồ Chí Minh Stock Exchange (HOSE) rose 0.66 per cent to end Thursday at 968.17 points. Nearly 219 million shares worth almost VNĐ4.2 trillion (US$182 million) were traded on the southern market. The benchmark index increased 0.15 per cent to end Wednesday at 961.78 points. Market breadth was positive with 202 shares gaining and 127 declining. The large-cap VN30-Index soared by 0.74 per cent to stand at 884.80 points. Bank stocks expanded at the end of the trading session, supporting … [Read more...] about Fed’s signal of no rate hike boosts shares
Rbi repo rate cut
Financial Markets Domestic gold prices soar after Fed move The Saigon Times Daily Thursday, Dec 12, 2019,18:09 (GMT+7) Domestic gold prices soar after Fed moveThe Saigon Times Daily Customers shop at a local jewelry store. The sharp rise in global gold prices drove up domestic prices of the yellow metal today, December 12 - PHOTO: VNA HCMC – The sharp rise in global gold prices, triggered by the U.S. Federal Reserve's decision to leave interest rates unchanged with no plans to reduce them anytime soon, drove up domestic prices of the yellow metal today, December 12, the local media reported. The Fed held interest rates steady on Wednesday and signaled that it is not planning to change anytime soon. In northern Vietnam, Saigon Jewelry Company (SJC) quoted its gold price at VND41.27 million per tael for buying and VND41.52 million per tael for selling, up VND70,000 per tael for buying and VND80,000 for selling … [Read more...] about Domestic gold prices soar after Fed move
Minister of National Development Planning Bambang Brodjonegoro during a function to formulate the initial draft of the medium-term national development plan 2020-2024 (Photo: Antara) Jakarta (VNA) - The Indonesian government has prepared three scenarios for its national economic growth projection for the next five years to enhance its resilience to threats of global upheavals. At a meeting on a draft plan of medium-term national development for 2020-2024 on September 19, Minister of National Development Planning Bambang Brodjonegoro mentioned threats of global upheavals, including the recession in Turkey and the US-China trade war. The Indonesian government projects optimistic national economic growth of 6 percent, moderate growth of 5.7 percent and pessimistic growth of 5.4 percent. Brodjonegoro noted that the government recommends the lowest growth target of 5.4 percent, as global conditions are unpredictable. He added that the National Development Planning Ministry had … [Read more...] about Indonesian government outlines three economic growth scenarios
With an overall score of 15.3 out of 100, the level of hunger in Vietnam has been classified as ‘moderate,’ according to the Global Hunger Index (GHI) 2019 report released last week by Irish aid agency Concern Worldwide and German organization Welt Hunger Hilfe. The index measured 117 countries and territories around the world to compare the levels of hunger between countries and regions, and to call for more efforts in the areas with greatest need of additional resources to eliminate hunger. The GHI score was calculated based on four indicators, including undernourishment, child wasting, child stunting and child mortality. The higher a country's GHI score, the worse off it is. A score of 0 would indicate zero hunger in the country. Vietnam has made substantial improvements to have its global hunger score fall from 28.3 in 2000 to 15.3 this year. Last year, Vietnam's level of hunger was also ranked ‘moderate’ with an overall score of 16, putting the country in … [Read more...] about Vietnam improves position on global hunger index
Hanoi (VNA) - Resolution No.27-NQ / TW 2018 states that by 2020,the minimum wage must ensure minimum living standard of employees. Will the results of the National Wage Council’s meeting make this goal reachable? The National Wage Council convenes the first meeting, discussing regional minimum salary hike 2020 (Photo: VietnamPlus) On June 14, the National Wage Council will convene its first 2019 meeting to discuss raising the minimum wage. 7-8 percent wage hike proposal Talking with reporters at the beginning of the meeting, deputy head of the Vietnam General Confederation of Labour (VGCL)’s Department of Labour Relations Le Dinh Quang said the 2018 minimum wage negotiations helped raise 2019’s minimum wage, meeting about 95 percent of the minimum living standard for employees. “The economic landscape for 2019 is favourable for a minimum wage hike by 2020. 'Filling' the gap between the minimum wage and the minimum living standard is VGCL’s … [Read more...] about National Wage Council’s meeting: Is salary hike 2020 ‘reachable’?