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The selection of stocks based on strict criteria and risk management for the investment portfolio becomes particularly important. Currently, assessing the valuation and growth potential of individual companies and stocks is much more important than looking at the overall market valuation. — VNA/VNS Photo Multiple open-end funds have reported significant profits since the beginning of 2023, although last year many suffered losses or low profits due to market declines. Good Profitability Rates Many open-end funds have recorded higher rates of return compared to the market average. Among them, the VinaCapital-VESAF Fund recorded the highest rate with a 37% increase in profits, followed by SSISCA with a nearly 36 per cent increase, VCBF-MGF with 35 per cent, DCDS 34.8 per cent, DCBC 28.7 per cent, while the benchmark VN-Index only 20 per cent. Nguyễn Hoài Phương, the Investment Director and Fund Manager of VinaCapital-VESAF, stated that in the early months of 2023, the portfolio … [Read more...] about Multiple open-end funds record positive performance in 9 months

Packaging coconut for export. Việt Nam achieved a coconut export turnover of US$700 million in 2022. —VNA/VNS Photo Huỳnh Phúc Hậu Việt Nam is optimistic about increasing its coconut exports as several countries are welcoming Vietnamese coconuts. The US, Bangladesh, and Israel have opened their markets to fresh coconuts from Việt Nam. Additionally, Vietnamese durian products will not be subjected to quotas when exported to Japan and South Korea. There's a possibility that China will soon officially permit the import of coconuts from Việt Nam. These favourable shifts in the export markets are motivating coconut farmers to enhance their plantations and collaborate with enterprises to boost coconut exports. Following the US's green light to import Vietnamese coconuts, Nguyễn Đình Tùng, the general director of Vina T&T Group Import-Export Company, reported that they have already shipped four containers of the fruit to the US market. Tùng stated that Việt Nam possesses … [Read more...] about Việt Nam sees many opportunities in coconut exports

Thousands of suppliers and visitors join "Food Ingredients Asia 2023" and "Vitafoods Asia 2023" According to information from the organiser-Informa Markets, over 1,000 local and international food entrepreneurs from more than 45 countries around the globe joined “Fi Asia 2023” (Food Ingredients Asia 2023), as well as "Vitafoods Asia 2023". Vitafoods Asia 2023 is Asia’s No.1 exhibition on dietary supplements and ingredients. The event covers the the entire supply chain for the 'nutraceutical' industry. Vinafood Asia was inaugurated in 2011, in Hong Kong with the goal to promote the 'nutraceutical' industry for people’s better health through science and innovation. In 2022, Vitafoods Asia was held in Thailand for the first time. Meanwhile, Fi Asia 2023 looks to heighten the reputation of an event that unlocks opportunities for entrepreneurs to share and update global food trends, aiming at amplifying potential and ensuring local raw material and beverage operators are … [Read more...] about Thousands of suppliers join Food Ingredients Asia 2023, Vitafoods Asia 2023

Attendees were keen to divulge their ideas on what is needed to fulfill Vietnam’s commitments, photo Le Toan Deputy Prime Minister Le Minh Khai said at the Ho Chi Minh City Economic Forum 2023 that green transformation and green growth may create many new opportunities but also require large resources for relevant technologies, efficiency, and to minimise production and waste treatment costs. Highly qualified human resources, both in terms of knowledge and skills, are also a key factor for businesses to implement green economic initiatives and solutions. “In addition to the role of banks and financial institutions, Vietnam needs the participation and cooperation of international financial organisations in mobilising green finance,” Khai said. The move towards renewable energy sources, green transportation, and a supply chain of green goods from production to consumption are creating many attractive cooperation opportunities for both domestic and foreign businesses, he … [Read more...] about Ho Chi Minh City urged to double down on green goals

VASEP said there were some changes in the export patterns in August. After declining steadily, exports to the U.S. increased by 2% bolstered by a 24% jump in shipments of canned tuna. But exports for the year-to-date were 45% down from 2022 at US$208 million. Exports to the EU saw a 37% surge, including a 45-fold rise in shipments to Italy. Smaller markets like Thailand and the Philippines also bought more tuna. Shipments to members of the CPTPP trade deal like Japan, Canada and Mexico fell by 53%, 49% and 14%. Exports for the year have been worth $545 million, down 25% from the same period last year. … [Read more...] about Tuna exports rise to year’s highest levels

"Mini apartment blocks cannot be legalized," National Assembly chairman Vuong Dinh Hue said this week as he demanded a review of fire safety regulations in the capital after the fire in a 10-floor mini apartment building killed 56 people , including children, and injuring 37 on Sept. 12. Mini apartment blocks, which typically have between five and 10 floors divided into small apartments, have been mushrooming in Hanoi and Ho Chi Minh City in recent years despite having no legal sanction. There is no official data, but according to national utility Vietnam Electricity, around 2,000 buildings in Hanoi that are connected to the grid can be classified as mini apartment towers. Vu Ngoc Anh, head of the Ministry of Construction’s science, technology and environment department, pointed out to reporters Thursday that the 2014 Housing Law does not recognize mini apartment buildings as a separate category, and so in essence they are residential buildings like others. Many owners have … [Read more...] about Mini apartment blocks in eye of controversy after Hanoi fire kills 56

At the signing ceremony (Photo: VNA) New York (VNA) – Minister of Foreign Affairs Bui Thanh Son and his Tongan counterpart Fekitamoeloa Utoikamanu witnessed the signing of the Joint Communiqué on the establishment of Vietnam-Tonga diplomatic ties by the two ambassadors - heads of the missions of the two countries to the United Nations, in New York on September 21 (local time). With this move, Vietnam has so far formed diplomatic ties with 193 countries globally. Minister Son stressed that the event marks a historic milestone in the relationship between the two countries, laying a crucial foundation for the future development of bilateral ties and meeting the practical interests of their people for the sake of peace, cooperation and friendship in the region and the world. To harness the potential of bilateral cooperation, he proposed that both sides facilitate visits at all levels and consider the establishment of mechanisms for periodic bilateral exchange to create a … [Read more...] about Vietnam, Tonga establish diplomatic ties

In Saigon, the lantern streets in District 5 have become a lively hub of activity half a month before the Mid-Autumn Festival, which peaks on September 29 this year. Families from all corners of Ho Chi Minh City converge on streets like Luong Nhu Hoc, Phu Dinh, and Lao Tu. Among these, Phu Dinh walking street takes the spotlight as the epicenter of lantern shopping. Phu Dinh and Luong Nhu Hoc streets are renowned for their wide assortment of traditional handmade lanterns. These lanterns, adorned with intricate designs ranging from boats to dragons, fish and butterflies, are predominantly crafted from red cellophane. LED lights have replaced traditional candles, enhancing safety while preserving durability. These enchanting lanterns vary in size, from modest 20-centimeter versions to creations exceeding 1 meter, with prices ranging from VND20,000 to VND500,000 (US$0.80 to $20). Rabbit and pig lanterns, housed in bamboo … [Read more...] about Mid-Autumn magic hits Vietnamese cities in pre-festival spirit

Farmers are having to adapt to new methods, and experts are here to assist, photo Le Toan At last week’s seminar on Vietnam-Japan cooperation on green growth in Hanoi, a representative of the Ministry of Agriculture and Rural Development (MARD), said that Vietnam-Japan cooperation in agriculture could double or even triple in the coming decades. Nguyen Do Anh Tuan, general director of the MARD’s International Cooperation Department, highlighted some key areas for Vietnam, including improving plant varieties, high-tech production and processing, forest protection, capital investment and mitigating the effects of natural disasters. Some localities in the country have shown great interest in adopting Japan’s high school agriculture education model, which aims to provide agriculture knowledge to students along with high school-level general education. The model, which has been piloted in the northern province of Nam Dinh, has proven popular with students from across the country. … [Read more...] about Japan at fore of experience in agriculture