Stock market 8 year cycle

Illustration. (Photo: doanhnghiephoinhap.vn) Hanoi (VNA) – Foreign investors net purchased 14.8 million stocks, worth some 80 billion VND (3,42 million USD) during the week from August 8 – 12, showing that the Vietnamese securities market remained attractive to them. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) has risen for the fifth week straight on the back of oil, steel and electricity securities , after hitting a bottom of around 1,140 points in early July. It ended the week at 1,262.33 points, 9.59 points higher than the previous week, gradually approaching the next resistance zone of 1260–1285 points. On the Hanoi Stock Exchange (HNX), the HNX-Index picked up 3.52 points to settle at 303.42 points on August 12. UPCoM-Index also inched up 1.52 points to 92.84 points./. VNA … [Read more...] about Vietnam stock market remains attractive to foreign investors

Cashew exports saw two-digit drops in the first seven months of this year. — Photo baochinhphu.vn The cashew industry should focus on markets in which Viet Nam had signed trade deals to take advantage of preferential tariffs and expand exports as inflation had pushed up the prices of raw materials and forced people to tighten spending, according to the Viet Nam Cashew Association. Cashew exports saw two-digit drops in the first seven months. Statistics of the Import-Export Department under the Ministry of Industry and Trade showed that cashew exports were estimated at 294,000 tonnes, worth US$1.76 billion in January-July, dropping by 10.5 per cent in volume and 12.1 per cent in value against the same period last year. While the average export price increased by 1.45 per cent against the same period last year to $5,792 per tonne, the price of raw cashews rose by 15-20 per cent. The department predicted that cashew exports would continue to struggle in the third quarter due … [Read more...] about Cashew industry urged to focus on markets with FTAs

Two traders at the trading floor of DSC Securities Co in Ha Noi. Investors can consider selectively disbursing and accumulating stocks with growth prospects in the third quarter of 2022. — VNA/VNS Photo Vietnamese shares are forecast to continue their upward trend this week as profit-taking pressure is cooling down significantly. On the Ho Chi Minh Stock Exchange, the VN-Index rose 0.82 per cent to close Friday at 1,262.33 points. An average of 99.2 million shares was traded on the southern exchange during each session last week, worth VND1.9 trillion (US$81.2 million). Since setting a bottom of around 1,140 points at the beginning of July 2022, last week was the 5th week of the VN-Index's continued upward recovery and this index has surpassed the threshold of 1,260 points, said Sai Gon-Ha Noi Securities JSC (SHS). According to analysts, foreign investors continued to be net buyers, especially on HOSE, where foreign investors had the 4th consecutive week of net buying, … [Read more...] about Shares to keep upward trend this week: brokers

State Bank of Vietnam (SBV)’s headquarters in Ha Noi. The SBV withdrew more than VND1 trillion through the bill channel in the first week of August. — Photo SBV The open market operations (OMO) have been more stable this month after the State Bank of Vietnam (SBV) reduced its intervention in the market. According to Saigon Securities Incorporation (SSI)’s research division, the OMO had seen strong fluctuations last month when the SBV consecutively injected a large amount of Vietnamese dong totalling VND46 trillion through bill issues. In August, the SBV changed its policy, starting to withdraw cash out of the market through the OMO. It withdrew more than VND1 trillion through the bill channel in the first week of August. However, SSI analysts noted, the SBV has still applied the interest rate bidding method in the OMO, with a floor rate of 3.5 per cent per year, with an aim to keep the interbank lending interest rates at high levels. Under the SBV’s move, the interbank … [Read more...] about Central bank reduces intervention on OMO

Vietnam Medi Pharm Expo 2018 is expected to attract about 350 domestic and foreign exhibitors in August (Photo: VNA) Hanoi (VNA) – About 350 domestic and foreign exhibitors will gather at the Saigon Exhibition and Conference Centre (SECC) in Ho Chi Minh City for the 18th Vietnam International Hospital, Medical and Pharmaceutical Exhibition (Vietnam Medi Pharm Expo 2018) from August 2-4. The number of foreign exhibitors increased annually over the past 3 years, particularly those from Germany, Japan, the Republic of Korea, Singapore, India, and Malaysia, said Nguyen Khac Luan, general director of Vinexad , organiser of the event. Products on display at the expo will be medical equipment and equipment in the pharmaceutical and beauty industries, natural medicines and supplementary foods. Along with trading activities among the enterprises, the three-day exhibition will also feature seminars “Introduction to Vietnam’s Pharmacy and Medicine Market” and “Local Medical … [Read more...] about Vietnam Medi Pharm Expo to return to HCM City in August

In the first half of this year, Tra Vinh province has issued registration certificates to 250 businesses. Among which, there are 165 one-member limited liability companies; 45 multi-member limited liability companies; 20 private enterprises; 20 joint stock companies; and 151 affiliated units. The overall amount of registered capital hit around $169 million, and the total number of registered personnel reached nearly 3,800 individuals. There are just under 3,000 active businesses with a total capitalisation of $2.1 billion and nearly 90,800 workers. Some 44 of those businesses are foreign-invested firms. In addition, almost 500 firms and affiliated units were registered for expanded business lines, capital, and other adjustments, increasing the total extra capital to $143 million. The 48MW South Korea-Tra Vinh offshore wind power plant became operational in September 2021 According to Tra Vinh Department of Planning and Investment, compared to the same period in 2021, … [Read more...] about Tra Vinh nurtures private sector to kickstart economy

VABA asks relevant authorities to study and adjust the domestic ceiling price bracket for airlines to promote the recovery of the industry. — Photo a family.vn The president of the Viet Nam Aviation Business Association (VABA) has proposed to adjust the ceiling fare for domestic airlines to promote the industry's recovery. At a national conference between the Prime Minister and businesses last week, VABA's chairman Pham Viet Dung said: "Viet Nam's aviation market is growing rapidly on the recovery trend but not evenly in all segments." The domestic market has fully recovered compared to before the pandemic. In contrast, the international market has recovered very slowly, said Dung, mentioning domestic passenger transport increased by 12 per cent compared to 2019, global freight increased, but household goods decreased. However, revenue was disproportionate due to increased fuel prices and some input prices, airlines still suffered losses, and liquidity did not improve much, … [Read more...] about VABA proposal raising domestic airfare ceiling

Nam Hai Dinh Vu Port in Hai Phong City. (Photo: VNA) This is one of the factors that make the demand for logistics real estate increase sharply, it said. A survey by Savills Vietnam showed that Vietnam's logistics industry is enjoying significant growth due to the development of the national economy, and the manufacturing and e-commerce sectors. According to a report on the emerging market logistics index released earlier this year by Agility, a leading logistics and transportation service provider in 2022, Vietnam ranks 11th among the world’s top 50 emerging markets, only behind Indonesia, Malaysia and Thailand in the Association of Southeast Asia Nations. Vietnam's transport and logistics market is estimated to grow at a compound annual growth rate (CAGR) of 7 percent in the 2021-2026 period. The Vietnamese government encourages enterprises manufacturing and attracts investment by establishing industrial and economic zones. Despite challenges from the Covid-19 pandemic, … [Read more...] about Demand for logistics real estate increases sharply: Savills Vietnam

A 800-meter section of Le Loi Street from Nguyen Hue Pedestrian Zone to Ben Thanh Market is cleared of barriers on Aug. 12. The street has been blocked since mid-2014 to build Ben Thanh Station, one of the three underground hubs of the Metro Line No.1. The station, at about 32 meters underground, has four floors with six entrances and is now more than 95 percent complete. The street has been resurfaced with 10 lanes. Barriers are removed from a 250-meter section near Ben Thanh Market. Workers repair the street in front of Ben Thanh Market. The city is also working on a plan to resume the roundabout in front of the market, one of its top tourist attractions and cultural icons. The lighting system is established on Le Loi Street on Aug. 11. Nguyen Ngoc Quy, 52, paves the sidewalk near the Le Loi – Pasteur intersection on Aug. 12. His group is … [Read more...] about Saigon street breathes after metro construction site cleared

Wild orchid plants are transplanted on a tree in the courtyard of Dak Lak Provincial Museum. (Photo: SGGP) The Vietnam Association for the Conservation of Wild Orchids, the Institute of Biotechnology and Environment under Tay Nguyen University, Orchid Lovers 47, Dak Lak Urban and Environment Joint Stock Company, and Dak Lak Orchid Association, in collaboration with Dak Lak Provincial Museum, organized the program ‘Bringing wild orchids back to nature’ on August 14. Accordingly, tens of thousands of wild orchids have been sent there by orchid lovers across the country to be grafted onto the trees in the courtyard of Dak Lak Provincial Museum and Bao Dai Summer Palace. Thousands of wild orchid plants are sent to Dak Lak Province by wild orchid lovers across the country. (Photo: SGGP) The courtyard of Dak Lak Provincial Museum and Bao Dai Summer Palace has an area of more than 6 hectares, considered a biodiversity area in the center of Buon Ma Thuot City with many rare … [Read more...] about Thousands of wild orchid plants brought back to nature