Song cam shipbuilding joint stock company

Workers of SSI Securities Inc (SSI). Securities companies achieved high growth amid the COVID-19 pandemic. — Photo SSI Securities companies have recorded growth in eight-month business results amid the COVID-19 pandemic, while stock prices keep rising as investors find opportunities in this group. Although Viet Nam's stock market witnessed a strong correction in July and is in a sideways phase, the VN-Index still increased by 20.62 per cent in the first 8 months of this year. Market liquidity continued to grow with the average trading value of the whole market at about VND23.79 trillion (US$1 billion) per session, 3.2 times higher than the average in 2020. Particularly in August, HOSE set a record on August 20 with a trading value of VND38 trillion, the highest in the past 21 years, equivalent to a trading volume of nearly 1.2 billion shares. With the above market movements and liquidity, this is a great business condition for the securities industry. SSI Securities Joint …

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Two investors at the trading floor of TVSI Securities Co. The number of new accounts opened in August soared to 120,500, many of which were individual investors. — Photo tinnhanhchungkhoan.vn The stock market is becoming a favoured and profitable investment channel for investors amid the COVID-19 pandemic but it also poses many challenges for regulators and market members. Money flowing into the stock market comes from many different channels and mainly from domestic investors. The stock market has lured massive participation of "F0" investors (people participating in the market for the first time) entering the market from early 2020, when the COVID-19 pandemic first spread. The number of new accounts opened in August soared to 120,500, many of which were individual investors. The strong cash flow flooding the stock market in August has spurred market liquidity. In August, the average trading value per session on HOSE via matching transactions reached VND21.7 trillion (US$954 …

[Read more...] about Stock market a favoured investment channel for local investors

Workers process shrimp at seafood company Minh Phu Seafood Corporation (MPC). MPC soared 4.8 per cent on Friday. — VNA/VNS Photo Viet Nam's benchmark VN-Index gained slightly on Friday, supported by the rise of heavyweight stocks, but the VN-Index failed to conquer 1,450 points as some other blue-chips in the banking group dropped pressuring the indices. On the Ho Chi Minh Stock Exchange, the VN-Index increased 0.1 per cent to close at 1,345.31 points. The index had increased 0.78 per cent to close Thursday at 1,343.98 points. Nearly 599 million shares worth VND19 trillion (US$835.8 million shares) were traded on the southern exchange. The market breadth was positive as 194 stocks declined, while 213 rose and 43 ended flat. The 30 biggest stocks tracker, VN30-Index, rose 0.07 per cent to finish at 1,448.33 points. Of the VN30 basket, 10 stocks increased while 15 decreased. In the VN-30 basket, Phu Nhuan Jewelry (PNJ) gained 3.9 per cent, followed by insurer Bao Viet …

[Read more...] about Shares advance but bank stocks pressure indices

"We have increased shrimp prices, but many farmers are still worried that Covid outbreaks will affect prices later, and so have reduced their [production]," Le Van Quang, general director of Minh Phu Aquaculture Group Joint Stock Company, said. Speaking at a conference held online on Friday to discuss how to restore processing and exports of agricultural and aquatic produce, he forecast a big shortage in the next three months, and said businesses would be unable to meet foreign orders. In Tien Giang and An Giang provinces, farmers have been unable to sell their fish, shrimp and crab harvests for months due to Covid-19 restrictions. Many processing plants have been running at 30-40 percent of capacity as stay-at-work requirements cause a labor shortage. Nguyen Hoai Nam, deputy general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), said the government should come up with policies to encourage shrimp farmers right now so that they could harvest in …

[Read more...] about Seafood companies fear lack of raw materials as Covid hits farm output

BSR contributes more than 6,330 billion VND to the state budget. (Photo: VNA) Hanoi (VNA) - Binh Son Refining and Petrochemical Joint Stock Company (BSR) paid more than 6.33 trillion VND (nearly 278 million USD) to the state budget in the past 8 months. Deputy General Director Bui Ngoc Duong said due to the sharp decline in domestic gasoline consumption in the third quarter, the company is experiencing difficulties in production and business activities. In the past 8 months, it produced 4.48 million tonnes and sold 4.13 million tonnes for 60.805 trillion VND. It has developed four production and business scenarios on the basis of the COVID-19 pandemic development and the forecast of the domestic and foreign petroleum markets. Director of Vietnam Oil and Gas Group (PVN) Le Manh Hung asked the BSR to achieve 2 goals: cash flow management, and state budget payment target./. VNA …

[Read more...] about Oil company pays 278 million USD to state budget

The flight operated by South Korean carrier Asiana Airlines departed Incheon International Airport carrying the employees of shipbuilding company Hyundai Vinashin based in Khanh Hoa. Upon arrival in Cam Ranh airport, they underwent health screenings and were transferred by specialized vehicle to a nearby hotel for quarantine. Le Thi Hong Minh, general director of Cam Ranh International Terminal JSC, told VTV this flight marked the restart of inbound commercial flights to Cam Ranh airport after a long period of suspension due to the complicated development of Covid-19. The return flight from Cam Ranh to Incheon departing the same day repatriated 30 South Koreans. Since late April, when the fourth coronavirus wave triggered by the Delta variant hit the country, Cam Ranh airport only received repatriation flights. The Vietnamese government closed national borders and canceled all international flights in March last year with only Vietnamese repatriates, foreign experts and …

[Read more...] about Cam Ranh welcomes first int’l flight in months

Cam Ranh International Airport in the south-central province of Khanh Hoa is set to welcome its first international flight on September 18 as the country continues to move into the new normal. Cam Ranh International Terminal Joint Stock Company revealed on September 16 that it has recently activated a plan aimed at welcoming back foreign tourists from countries that have already brought the COVID-19 pandemic under control. According to the schedule, Asiana Airlines (OZ) is anticipated to launch flights both to and from Cam Ranh International Airport on September 18. A flight from Incheon in the Republic of Korea (RoK) is expected to land at Cam Ranh at 10 p.m. on September 18, while the return flight from Cam Ranh to Incheon is scheduled to depart at 11:10 p.m. on the same day. Le Thi Hong Minh, general director of Cam Ranh International Terminal Joint Stock Company, said there will be 37 passengers on the arriving flight and 30 passengers on the return flight. The incoming …

[Read more...] about Khanh Hoa to receive int’l travelers with vaccine passport on September 18

Flight attendants of low-cost airline Vietjet (VJC). VJC was up 3.4 per cent last week. Photo courtesy of Vietjet On the Ho Chi Minh Stock Exchange, the VN-Index increased 0.1 per cent to close Friday at 1,345.31 points. The index had risen 0.8 per cent over the last week. An average of 736 million shares was traded on the southern exchange during each session last week, worth VND22.7 trillion (US$996.3 million). According to MB Securities Joint Stock Company (MBS), the easing of social distancing measures from September 15 will help stocks in the airlines, retail and export industries rebound strongly. According to statistics of Saigon Hanoi Securities Joint Stock Company (SHS), last week the consumer service group increased the most thanks to the contribution of stocks in the aviation industry such as Vietnam Airlines JSC (HVN) up 19.6 per cent, Airports Corporation Of VietNam (ACV) rising 7.7 per cent, Vietjet (VJC) up 3.4 per cent, SCSC Cargo Service Corporation (SCS) …

[Read more...] about Shares to accumulate before new earning results season

The HQC Plaza Social Housing Apartment Complex, located in Nguyen Van Linh Boulevard in An Phu Tay Commune of Binh Chanh District. (Photo: SGGP) Supply-demand mismatch According to a report by the Department of Construction of Ho Chi Minh City, in the past five years, the city only had about 20 social housing projects put into use with over 15,000 apartments. This number remains modest compared to the demand for affordable housing. One of the large-scale social housing projects that have been put into use recently is the HQC Plaza Social Housing Apartment Complex, located in Nguyen Van Linh Boulevard in An Phu Tay Commune of Binh Chanh District. The project has 1,735 apartments and utilities, such as a commercial center, school, kindergarten, polyclinic, supermarket, playing ground, and parking area. The area of each apartment here is from 54 square meters to 68 square meters, with the price ranging from VND800 million to VND1 billion per unit. Mr. Truong Anh Tuan, …

[Read more...] about HCMC targets to build social housing for low-income people

Vietnam needs additional 1 million ICT personnel by 2030 Demand for human resources for Information and Communications Technology (ICT) in general and artificial intelligence (AI) in particular in Vietnam has increased continuously and about 1 million more ICT personnel will be needed in the country by 2030, according to the Vietnam-Australia AI Network. In 2019, the total number of personnel working in Vietnam's ICT industry was about 970,000 people, of whom around 180,000 work for the software and digital content sectors and 1,600 are AI researchers (both domestic and foreign). At present, there are 50 universities that are training AI-related majors in Vietnam. The network said that during 2010-2018, Vietnam had 372 AI patent applications, ranking second in ASEAN. The number of scientific publications on AI raised from 134 in 2010 to 525 in 2018. Earlier, the Ministry of Science and Technology launched the Vietnam - Australia AI cooperation network, with the aim to help …

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