Rising e commerce stock

Curbs to stop the virus in Shanghai, China's fashion capital, ground the city of 25 million to a halt in April and May, leaving clothing and beauty product displays in stores untouched and containers of imported apparel stranded at port. The city's re-opening this month saw a flood of goods ship from warehouses to store shelves already laden with merchandise unsold during two months of lockdown. Normally around a fifth of all imported goods coming into China pass through Shanghai's port. Days after Covid-19 curbs eased, large "sales" signs went up across Shanghai, with retailers from Lululemon to Victoria's Secret offering discounts to lure shoppers. Even online retailers have struggled to clear a glut caused by lockdowns and supply interruptions. "This affected us a lot," said Josh Gardner, founder and chief executive of China market e-commerce partner Kung Fu Data, which manages online stores for 10 fashion brands, including G-Star Raw. "In April, May on (China's major … [Read more...] about Shanghai’s fashion stores struggle to clear lockdown stock hangover

Hanoi has 141 models of farm chain, according to the Hanoi Department of Agriculture and Rural Development. Hanoi is extending support to local businesses and cooperatives in putting agricultural products on the e-commerce platforms, as well as boosting trade promotion activities, according to the Hanoi Department of Agriculture and Rural Development. A staff is guiding a Bac Giang's farmer to post lychees on the e-commerce site. Photo: Vietnam Post In Chuong My District, the Thang Long High-tech Agriculture JSC faced difficulties with selling Solanaceae, so it turns to new sales channels such as Facebook and Zalo for better consumption. Phan Trung Kien, Director of the Thang Long High-tech Agriculture JSC said: “Since the company put its products on online sales sites and e-commerce platforms, they are better known and easily approached by a huge number of local consumers.” The company grows solanum Hainanese hance in an area of 20ha, the largest in the … [Read more...] about Hanoi promotes consumption of agricultural products on e-commerce sites

A worker operating a production line inside a Duc Giang Chemical plant in Hung Yen Province. In 2022, Duc Giang Chemical Group Joint Stock Company (DGC) sets a target of VND12.1 trillion in revenue and VND3.5 trillion in profit after tax. — Photo ducgiangchem.vn Thanks to their good growth potential and attractive valuation, chemical stocks are being included in the portfolios of investors. The stock market last week recorded four out of five declining sessions, of which the first session of the week recorded the strongest decline with the VN-Index losing more than 57 points. Some investors see this as an opportunity to hunt for cheap stocks. Pham Dinh Cong from Ha Noi told tinnhanhchungkhoan.vn that he had taken the opportunity to buy some stocks in the past week, prioritising the enterprises with good financial status and growth potential, such as the chemical group. According to ACB Securities Company (ACBS), in May 2022, the industrial production index of the chemical … [Read more...] about Chemical firms see growth potential thanks to rising selling prices

The jack-up rig PV Drilling VI. PV Drilling climbed up to 7 per cent yesterday, supporting the market's bullish trend.- Photo pvdrilling.com.vn On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index settled higher, ending its four-day losing streak. The index surged 19.61 points, or 1.68 per cent, to 1,188.88 points. The market's breadth returned to a positive zone with 318 stocks gaining points, of which 50 stocks hit the biggest daily increase of 7 per cent, while 153 stocks declined. However, liquidity remained at a low level, of which the matching value on the southern bourse was just VND8.86 trillion (US$381 million), equal to a matching volume of 380 million shares. The index's reversal was driven by the improvement of risk appetite. The VN30-Index rose 13.41 points, or 1.09 per cent, to 1,240.58 points. Twenty of the 30 biggest stocks in the VN30 basket inched higher on Thursday, of which two stocks registered the maximum intraday gain of 7 per … [Read more...] about VN-Index rises sharply on back of high risk demand

The president of the Korean Chamber of Commerce in Vietnam (KOCHAM) has asked the Ho Chi Minh City government to assist South Korean enterprises in alleviating their cost burden in the current difficult period. KOCHAM President Shon Young Il made the request at a dialogue session between the city government and South Korean enterprises, held on Friday by local authorities in coordination with the Consulate General of South Korea in the southern metropolis. Speaking at the event, chaired by the municipal People’s Committee chairman Phan Van Mai, the KOCHAM leader said Korean businesses are facing a lot of pressure while trying to recover from the COVID-19 pandemic and cope with impacts caused by the ongoing Russian-Ukraine military conflict and the inflation risk. Therefore, he hopes that the Ho Chi Minh City administration can support Korean businesses in reducing their cost burden in this tough period. Specifically, local authorities should assist Korean businesses in solving … [Read more...] about S. Korean firms in Ho Chi Minh City seek help to ease rising cost burden

PV Gas's Ca Mau facility. GAS lost almost half of its gain on Thursday, down 2.4 per cent yesterday. -VNA/VNS Photo Huy Hung The VN-Index on the Ho Chi Minh Stock Exchange slid back to the negative territory after a brief rise on Thursday, down 0.29 per cent to close the week at 1,185.48 points. It gained 1.7 per cent on Thursday after four straight declining sessions. Divergence occurred in almost all groups of stocks, from finance to real estate, even to energy and chemicals. According to analysts, in the context of poor liquidity, supply and demand for stocks can change erratically, so it is difficult for the whole industry to follow the same direction. Overall, the gainers slightly outnumbered the losers by 244-239 while 91 closed flat. In the energy sector, PV Gas (GAS) lost almost half of its gain on Thursday, down 2.4 per cent; Petrolimex (POW) decreased 2.5 per cent after hitting the ceiling price in the previous session. Meanwhile, other power stocks such as Ba Ria … [Read more...] about Shares close the week in negative zone on low liquidity

About 2.47 quadrillion VND was raised for the State budget in the primary G-bond market over the last 12 years. (Photo: VNA) Hanoi (VNA) – The Government bond market of Vietnam officially became operational at the Hanoi Stock Exchange (HNX) on September 24, 2009. Since then, about 2.47 quadrillion VND (108.5 billion USD) has been raised for the State budget from the primary market to support socio-economic development in the country. More than 206 trillion VND worth of G-bonds has been raised for the State budget annually, accounting for almost 10 percent of total investment in society in 2020 and 28.3 percent of that by the State sector last year. Bond issuance volume up, interest rates down The HNX said that in order to mobilise the above mentioned sum of money, it has organised more than 2,600 auctions, with 60 - 70 percent of the bonds offered successfully sold on average. Notably, interest rates in the G-bond market have declined considerably over the past 12 … [Read more...] about Over 108.5 billion USD raised from primary G-bond market in 12 years

People buy smartphones at Mobile World Investment's store in Hà Nội. MWG shares lost more than 5 per cent yesterday. — VNS Photo Mai Hương HÀ NỘI — Shares continued to slide in HCM City but recovered in Hà Nội on Wednesday as liquidity decreased on widening divergence. On the Hồ Chí Minh Stock Exchange, the VN-Index inched down 0.27 per cent to close at 1,169.27 points. The VN-Index has dropped for four consecutive sessions with a total loss of 5.5 per cent. The market breadth was positive, however, with 300 stocks rising, 196 declining and 68 closing flat. Divergence also widened with 125 stocks hitting the ceiling and 55 dropping to the floor prices. Industries performing positively recently such as retail, information technology, fisheries and utilities declined sharply. Meanwhile, steel, banking and securities stocks soared. In the red side, big losers included PV Gas (GAS), PV Power (POW), FPT Corp (FPT), Mobile World Investment (MWG) and top three … [Read more...] about Shares mixed on sliding liquidity

The index closed 3.2 points lower after losing over 41 points this week. Trading on the Ho Chi Minh Stock Exchange fell by 15.6 percent to VND13.31 trillion ($572.7 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 15 tickers gain, with SSI of leading brokerage SSI Securities and STB of HCMC-based lender Sacombank closing at ceiling prices. They gained 6.9 and 6.8 percent, respectively. Three bank stocks, TCB of Techcombank, MBB of MBBank and VPB of VPBank, followed, rising 4.4 to 5.5 percent. Other winners included HPG of steel giant Hoa Phat, up 3.4 percent, and ACB of lender Asia Commercial Bank, up 3.3 percent. Twelve blue chips fell, led by two energy tickers: GAS of Petrovietnam Gas and POW of Petrovietnam Power. They both hit floor prices, losing 6.8-6.9 percent. FPT of IT giant FPT Corp closed 5.2 percent lower, and MWG of electronics retailer Mobile World dropped 5 percent. Foreign investors were net buyers to the tune of VND24.1 … [Read more...] about VN-Index hits 14-month low

The index closed three points lower after gaining nearly 20 points Thursday. It has lost nearly 32 points this week. Trading on the Ho Chi Minh Stock Exchange increased by 0.2 percent to VND10.18 trillion ($437.71 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 14 tickers drop. POW of electricity producer Petrovietnam Power Corporation fell 2.5 percent, while GAS of state-owned Petrovietnam Gas dropped 2.4 percent. Other losers included HDB of HDBank, down 2.1 percent, CTG of state-owned lender VietinBank, down 2 percent, and TPB of private TPBank, down 1.9 percent. Thirteen blue chips gained, led by BVH of insurance company Bao Viet Holdings with a 4 percent rise. It was followed by SAB of brewer Sabeco, up 1.4 percent, and PNJ of Phu Nhuan Jewelry, up 1.2 percent. Foreign investors ended three sessions of buying with a net sale of VND82 billion, mainly selling NVL of real estate developer Novaland Group and HPG of steelmaker Hoa Phat Group. … [Read more...] about VN-Index ends week with 4th losing session