Sells force

Workers processing fish at a Vinh Hoan Corp.'s factory. VHC was the leading stock in the seafood sector backing the market pick-up yesterday. — Photo kinhtechungkhoan.vn The market closed largely unchanged on Wednesday as bullish and bearish sentiments entered a tug-of-war. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index started off the afternoon with a double-bottom pattern but broke above the neckline at around 2pm to begin an upward trend. The buying and selling forces cancelled each other out, leaving the index more or less stable at 1,218.09 points, down 0.01 points compared to the previous session. The market’s breadth stood visibly negative as 190 stocks declined while 156 advanced. Notably, eight stocks reached ceiling prices and only one hit floor prices. The market’s liquidity was relatively low with 519 million shares traded on the southern bourse, equivalent to just over VND10.4 trillion (US$448 million). The 30 biggest stock tracker VN30-Index … [Read more...] about Market caught in tug-of-war closes unchanged

Acknowledging the importance of consistent distribution system development, all fueling stations and franchised retailers of the branch meet management, technical, fire prevention and treatment, and environmental hygiene standards. Fueling stations are equipped with advanced machinery and equipment, with modern management software helping ensure safe, professional services. The Petrolimex brand is fully and consistently identified throughout the system, leaving a good impression on customers, said the branch’s director Tang Van Troi. The branch is focusing on intensive development of its retail system, protecting the brand and fighting against commercial fraud, and environmental protection. It works closely with relevant state agencies to protect its brand and promote brand identification, aiming to ensure consumer interests. The brand takes the initiative in cooperating with state authorities to strengthen inspection and control of commercial fraud in petroleum business … [Read more...] about Hai Duong Petroleum Branch promotes the Petrolimex brand

A fashion store in a shopping center in HCMC offers a discount of 70 percent on fashion products. (Photo: SGGP) The number of customers to supermarkets and trade centers has been fairly high in recent days. Co.opmart Supermarket on Ly Thuong Kiet Street in District 10 is always bustling with customers. Nguyen Thi Tuyet Anh, living on Ly Thai To Street in District 10, said that thousands of promotional and discounted items create a great attraction to housewives. “Cooking oil, fresh vegetables, rice, cakes of all kinds are at good prices compared to normal days. For example, Long Chau 66 rice was previously priced at VND190,000 per bag of 5kg, but now it is reduced to VND151,000; Meizan oil is sold at VND103,500 per bottle of 2 liters, VND3,000-VND5,000 per bottle cheaper than before. For large bills paid by credit cards, it is convenient to order goods at the supermarket for home delivery," said Tuyet Anh. Similarly, cosmetics, perfumes, and fashion clothes of many large brands … [Read more...] about Retailers launch promotions to revive purchasing power

The farm gate prices for Thai jackfruit in Vietnam's Mekong Delta have dropped by VND2,000-3,000 (8-12 U.S. cents) per kilogram, but farmers are still struggling to find buyers, forcing many to leave jackfruits piling up in their gardens or use the crop as animal feed. Hoang Van Linh, a resident of Cai Lay District of Tien Giang Province, said his garden is full of ripe jackfruits, but traders simply are not interested. Linh has resorted to giving the harvest to family and friends. He switched from growing durians to jackfruits in 2016 when saltwater intrusion began affecting his growing operation. Now, with durians selling for VND40,000-50,000 ($1.7-2) per kilogram, he regrets the decision. “The Thai jackfruit trees on my farm are bursting with ripe fruits, but no one wants them,” complained Nguyen Van Tu, another farmer in Cai Lay District. Three years ago, when jackfruit prices were at VND40,000 per kilogram, Tu’s family was able to earn about VND5 million ($215) per … [Read more...] about Vietnamese farmers downbeat over tumbling Thai jackfruit prices

It's necessary to have the engagement of all stakeholders in the common drive. Hanoi's authorities have taken action together with the Ministry of Public Security in response to the action month for drug prevention and control and the International Day against Drug Abuse and Illicit Trafficking [June 26]. This year’s action month themed “Improving the effectiveness of drug addiction treatment and managing illegal drug users - For a healthy and safe community” is aimed to create a strong effect on people across the country and synergy to gradually reduce the number of addicts. Addressing the meeting, Deputy Prime Minister Vu Duc Dam urged stronger actions against drug abuse and illicit trafficking, asking for wide and deep information dissemination on the harmful consequences of taking drugs. “We should particularly disseminate harmful consequences of taking drugs different kinds of methamphetamine, to help raise public awareness about the issue, with a focus on new kinds of … [Read more...] about Hanoi launches action month for drug prevention and control 2022

The Hanoi housewife of four years knows however they will not be as fresh as earlier in the day. "Since the prices of everything have gone up, I have to change my shopping habits and doing so helps me able to buy produce at lower prices," the 28-year-old says. She and her husband, Tinh, had their first son more than a year ago before having a pair of twins. Tinh is the sole breadwinner and he had to stay at home for three months when Covid-19 broke out last year. "We even had to sell our gold wedding rings to stay afloat," she says. After Covid subsided he reopened his store distributing beverages, but barely makes a profit since gasoline prices have been soaring since April. Besides, many of his customers have greatly reduced their purchases. Some grocery stores only order a few five-liter bottles of water, but he still must travel dozens of kilometers by truck to deliver them. "If you do not keep prices low, customers will leave," he explained once to his wife when she … [Read more...] about Vietnamese turn frugal as prices soar

Small traders in some traditional markets in Ho Chi Minh City said that the month of promotion has contributed to increasing sales and attracting more customers. In addition, thanks to promoting sales through social networks such as Zalo, Facebook, and Viber, small businesses also retain regular customers and find more new customers. While taking pictures, recording videos, and listening to the phone of old customers in faraway provinces, Phuong Trang, a small trader at An Dong Market in District 5, shared that after the epidemic, there has been a sharp increase in customers placing online orders. In response to Ho Chi Minh City's promotion month, she has reduced the price of clothes by about 10 percent for both direct and online buyers. In addition, the store also bundles goods and offers a low price for customers. For example, before she earned VND15,000- VND20,000 as a profit, now she accepted a profit of VND5,000-VND10,000 for selling a shirt. Similarly, at the Binh Tay … [Read more...] about Sales inch up thanks to promotion

Hanoi authorities’ campaigns to solve sidewalk encroachment caused by street hawkers on the banks of the West Lake have proved to be water off a duck’s back as the issue recurs after every crackdown. The West Lake, which is the capital’s biggest freshwater reservoir located in Tay Ho District, has long been a favorite spot for young people to hang out, leading to the emergence of street stalls along its banks. Street hawkers rake in money from visitors to the lake by displaying their wares on the banks to sell street food and beverages even though that means the sidewalk there is partly or completely blocked. The encroachment has prompted local authorities to roll out multiple crackdowns, which have turned out to be wasted labor as the street stalls crept back in a few days. Young people enjoy beverages at a lakeside stall illegally established on the sidewalk of a street along the West Lake in Tay Ho District, Hanoi, June 25, 2022. Photo: Pham Tuan / Tuoi Tre … [Read more...] about Crackdown on sidewalk encroachment along West Lake’s banks a wasted effort in Hanoi

The benchmark started the morning trading session not so smoothly when the demand still hesitated, while the holders were ready to push sell orders when they saw that stocks reached their expected price levels. The cautiousness of both sides made the VN-Index go down slightly in the ATO session. The market continuously shook in the morning trading session when both the buyers and sellers failed to show their superior on the electric board. The market only improved in the afternoon trading session when buy orders above the reference price unexpectedly poured into the group of banking stocks. The green color from the most important stock group in the market was the driving force, helping change the color of the remaining large-cap stocks in the VN30 basket. At the end of the trading session, the VN-Index gained by 15.28 points, or 1.27 percent, to 1,218.1 points. Of the index, 326 stocks emerged, 53 remained unchanged, and 136 sank. Notably, the list of stocks that climbed today … [Read more...] about VN-Index strengthens by more than 15 points, backed by banking stocks

Mô Choosing textbooks for children in Hai An Bookstore in District 1 of HCMCảnh This situation is common in many schools around HCMC. Although teachers have said that the school does not force its students to buy workbooks, many parents admitted they do not know which items are compulsory, so it is safer to buy all in case their children need them. Some bookstores in HCMC separate the pack for formal textbooks from that for workbooks, and they even offer individual books for sale. But others compile these books into one large pack and force people to buy all, even with a discount of 5 percent. Parents, who are usually uncertain of which books are necessary, decide to buy all of them for fear that when they truly need the books, they cannot find these books for sale anymore. Receiving the report on several schools selling textbooks with workbooks and learning tools, Head of Binh Tan District Education and Training Division Ngo Van Tuyen responded that the registration form … [Read more...] about Parents faced with financial burden on textbook purchasing for new school year