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/ June 9, 2020

Vietnam operates 3rd flight to repatriate citizens from US

The Hanoitimes - The first repatriation flight to the US took place a month ago. National flag carrier Vietnam Airlines has finished the third flight to bring its citizens in US home at a time when the number of coronavirus infections in the US approached two million. Vietnam has operated the 3rd repatriation flight from the US. Photo: Vietnam Airlines On June 9, more than 340 passengers arrived in Hanoi on Vietnam Airlines’ most modern airplane, Boeing 787-10. Passengers are those in the priority list, including children under 18, the elderly, people with pre-existing diseases, and students without dormitories. On way from Hanoi to San Francisco, Vietnam Airlines carried American nationals and more than two tons of face masks as pandemic relief by Hanoi’s authorities. Staff of Consulate General of Vietnam in San Francisco. Photo: MOFA All crewmembers and passengers were required to wear personal protective equipment (PPE), face masks, and gloves. A group of 30 crewmembers served the transcontinental flight lasting for 33 hours. Vietnam Airlines operated the first direct repatriation flight to the US to help more than 340 citizens fly home on May 8, followed by the second one on May 16. Vietnam continues repatriating its citizens amid the rising global coronavirus infections and tightened travel restrictions. As of June 9, the country has confirmed 329 cases and zero deaths. So far, the country has repatriated nearly 6,000 citizens from different parts of the world. …

/ November 24, 2020

Mozambique praises Vietnamese role as ASEAN Chair and non-permanent UNSC member

Mozambican Foreign Minister Verónica Nataniel made the statement during a working session held alongside Vietnamese Ambassador to Mozambique Le Huy Hoang on November 23, with the event taking place as part of activities to mark the 45th anniversary of diplomatic relations between the two countries. During the meeting, the Minister Nataniel stated that she hopes Vietnam will continue to share its experience that it has learned from these successes in order to help her nation make faster progress in terms of the process of regional and international integration. Minister Nataniel also expressed her great appreciation for the nation’s impressive achievements over recent years, considering the country to be a model that needs to be learned from in terms pandemic prevention and socio-economic development. She went on to affirm that the Mozambican side has always placed great importance on its relationship with the nation and hopes that both sides continue to tighten their friendship and co-operation ties across a variety of fields, especially in the exchange of experts on agriculture and education and health care. She also anticipates that the country will continue to encourage businesses in order to intensify their investment in the East African nation. She therefore suggested that both sides join hands in preparation for the fourth meeting of the inter-governmental committee, and arrange a visit to Vietnam for Mozambican President Filipe Nyusi as soon as possible. In response, Ambassador Hoang conveyed a message of congratulations from Deputy Prime Minister and Foreign Minister Pham Binh Minh to Mozambique on their achievements in its role as the Chair of the Southern African Development Community (SADC). The two sides compared notes on measures aimed at boosting the bilateral traditional friendship, including the sharing of experience in terms of external affairs at regional and international forums. This comes as Mozambique gets ready to run for a …

/ March 1, 2021

Bank stocks rising on back of bright prospects

The results of 2020 business and 2021 outlook support the rise of bank stocks Ending the last session of February, the VN-Index stood at 1,168.47 points, corresponding to an increase of 111.86 points (10.59 per cent) compared to the previous month. The HNX-Index increased by 35.01 points (16.3 per cent) to 249.22 points. The UPCoM-Index also increased 4.56 points (6.33 per cent) to 76.64 points. Large-cap stocks recovered well in February as only the NVL ticker of Novaland decreased by 0.7 per cent. Meanwhile, as many as 14 other stocks in this group increased by over 15 per cent. The shares of VPBank (VPB), rose the most among the top 30 by market capitalisation with over 33 per cent. Following that, Thaiholdings (THD) also increased by 26 per cent and was a key factor helping the HNX-Index continue to break out recently. February was also a good month for banking stocks as, besides VPB, the stocks of Vietnam International Commercial Joint Stock Bank (VIB), Asia Bank (ACB), Techcombank (TCB), or Vietinbank (CTG) also increased by over 20 per cent. Particularly, the last trading week of February recorded a rise in most bank stocks. At the price of VND33,000 ($1.44), Asia Commercial Bank (ACB) was the strongest increase with nearly 9 per cent. Military Bank (MBB) led in liquidity with nearly 72.1 million shares. Military Bank shares closed the morning session at VND28,200 ($1.23) a share. Vietnam Prosperity Bank (VPB) reached VND40,800 ($1.77) while Techcombank (TCB) reached VND40,200 ($1.75), Vietnam International Bank (VIB) hit VND43,200 ($1.88) a shares, and HCMC Development Bank (HDB) increased to VND26,200 ($1.14) per share. Notably, LienViet Post Bank (LPB) hit the ceiling price on March 1, recording liquidity of over 36 million shares and closing the session of March 2 at VND16,100 (70 US cents) a share. PYN Elite Fund said that the VN-Index can completely increase to 1,800 points in 2022 with favourable macroeconomic factors, including high GDP …