Stock market ending today

Before today's trading session, investors received the news that the Vietnam Securities Depository (VSD) had recently consulted on a draft regulation on clearing and payment of securities transactions under the direction of adjusting the payment time for completing the T+2 settlement cycle of the State Securities Commission of Vietnam. One of the essential contents of this draft is the adjustment of the time for securities settlement and clearing banks to complete payment from 3.30 p.m. to 4 p.m. to from 11.30 a.m. to 12.30 p.m. on the trade date plus two days (T+2). With this new regulation, investors can trade right in the afternoon trading session of T+2. According to the draft, the money for securities transactions will be transferred to investors' accounts one day earlier than the old regulations. Therefore, investors can use the money to buy securities right in the afternoon trading session of T+2 instead of having to advance money as before. The new regulation on clearing … [Read more...] about Securities stocks strengthen after draft on T+2 settlement cycle

The projects are located at the Thuan Bac District of Vietnam, having started operations in 2020 under a 20-year PPA at US$93.5/MWh. This transaction is expected to establish a long-term relationship between Xuan Thien Group and EDPR to jointly explore additional opportunities in the region contributing to accelerate EDPR growth prospects in APAC. With this transaction, EDPR doubles its operational capacity in Vietnam, strengthening its presence in the APAC region, a market where it entered in 2021 and has been since reinforced with the integration of Sunseap in February 2022. The transaction is subject to regulatory and other customary precedent conditions. Hyperion Investment Advisory Limited was Xuan Thien's advisor in the transaction. EDPR completed its S$1.1 billion acquisition of Sunseap Group earlier this year, establishing a clean energy hub for the Asia Pacific region that is headquartered in Singapore. EDPR expects to invest up to S$10 billion in the region … [Read more...] about EDPR acquires two solar projects in Vietnam

Illustrative photo (Source: VNA) Hanoi (VNA) - Vietnam is emerging as a good option for Kiwi exporters looking to diversify where they sell their goods, said New Zealand’s new site 1news .co.nz in a recent article. The article cited the Ministry of Foreign Affairs and Trade of New Zealand’s report prepared by the Embassy in Hanoi as saying between 2016 and 2021, Vietnam led ASEAN in terms of growth per capita. This growth rate is higher than that of other major ASEAN markets such as Singapore, Malaysia, or the Philippines Trade Commissioner Joseph Nelson said Vietnam is a "frontier market" presenting new opportunities, and challenges, to Kiwi exporters looking to diversify. "As Vietnam has come out of its COVID waves, we are seeing a really strong bounce back in the economy. GDP is expected to be between 6.5% to 7.5% next year," he said as quoted by the article. "All the markets in Southeast Asia are bouncing back quite strongly, but Vietnam definitely is the best … [Read more...] about Vietnam’s economy lures New Zealand exporters

Ambassadress Nguyen Phuong Tra, Deputy Permanent Representative of Vietnam to the UN. (Photo: VNA) In her remarks, Ambassador Nguyen Phuong Tra, Deputy Permanent Representative of Vietnam to the UN, pointed out that while the Covid-19 pandemic continues to threaten peace and development efforts, conflicts in many regions have led to heavy casualties and growing humanitarian challenges. She held that the international community should give high priority to ensuring compliance with international law and the UN Charter. She also underlined the role of multilateralism and multilateral mechanisms with the UN at their center. To promote a ceasefire, it is necessary to boost compliance with Resolutions 2532 and 2565, and relevant resolutions of the UN Security Council, Tra said, suggesting a framework be set up to effectively monitor ceasefire agreements in conflict-hit regions. Highlighting Vietnam’s efforts to promote the UN Security Council’s adoption of Resolution 2573 on the … [Read more...] about Vietnam reaffirms support for UN Secretary-General’s appeal for global ceasefire

Trung Luong – My Thuan Expressway extends free toll collection for 30 days more. (Photo: SGGP) Previously, from 2 p.m. on June 23, Trung Luong - My Thuan BOT Joint Stock Company applied trial toll collection at toll stations on the Trung Luong - My Thuan Expressway for one week, from June 23 to June 30, to ensure stable operation of the toll collection system and staff mastering manipulations before putting the system into official operation. Accordingly, the management unit has served more than 186,700 turns of vehicles, an average of about 31,100 turns of vehicles per day. During the test toll collection, the security and order situation is ensured. All vehicles comply with taking IC cards when entering the expressway and returning it when exiting. The entire monitoring system for toll collection operates stably and meets the requirements of toll collection, observation, and storage. However, on weekends, the traffic is crowded, often increasing suddenly during peak hours, … [Read more...] about Trung Luong – My Thuan Expressway extends free toll collection for 30 days

Rediscover Vietnam” is co-held by Thien Minh Group and national flag carrier Vietnam Airlines for travel promotion in Australia. (Photo: VNA) Called “Rediscover Vietnam”, the event was co-held by Thien Minh Group and national flag carrier Vietnam Airlines, with more than 80 travel firms and tour operators across Australia in attendance. It was the last of a series of travel promotion events held in multiple countries, including the UK, Germany, France, the US, Japan and the Republic of Korea. Thanh said the number of Australian arrivals in Vietnam and vice versa hit a record high of 600,000 in 2019 before the Covid-19 broke out globally. Given that the two countries established a Strategic Partnership in 2018 and bilateral ties continued to grow despite the pandemic, travel between Vietnam and Australia will be on a rise and surpass pre-pandemic records in the coming years, he said. The Vietnamese diplomat pledged to provide all possible conditions for Australian travelers … [Read more...] about Travel promotion “Rediscover Vietnam” held in Australia

At the meetings with a leader of Gedeon Richter Company – Hungary’s multinational company operating in the field of pharmaceutical manufacturing and biotechnology research and development (R&D), and representatives of Egis Company - a leading pharmaceutical company in the Central Eastern Europe, Hue appreciated the results of their activities in Vietnam, adding that pharmaceuticals is the country’s potential field of cooperation with many preferential policies. Leaders of Gedeon Richter and Egis showed their hope that Vietnam will speed up and simplify administrative procedures for drug registration so that many new products can be supplied to the Vietnamese market; issue a longer pharmaceutical distribution license; and find solutions to some problems related to drug registration. Noting their recommendations, the Vietnamese N.A. Chairman stated that not only the Ministry of Health but also other ministries and sectors are stepping up administrative procedure reform in order … [Read more...] about N.A. Chairman receives leaders of several Hungarian companies

Trade Counselor in Belgium Tran Ngoc Quan briefed participants on the investment environment in Vietnam at the event during which potential and strengths of Belgian regions were introduced. According to Ambassador Nguyen Van Thao, there remains great potential for Vietnam and Belgium to expand their cooperation, especially in agriculture; green growth; seaport and logistics development and innovation. The two countries should work closely to create a favorable environment for the business community of both sides to exploit these potentials, he said. Mariella Cantagalli , an expert from the Directorate General for Trade of the E.C., said the E.U.-Vietnam Free Trade Agreement (EVFTA) has facilitated the exchange of trade and import-export between Vietnam and E.U. member countries in general, and Belgium in particular. Vietnam and Belgium has become strategic partners in agriculture. The two-way trade reached a record of 3.6 billion EUR (nearly 3.8 billion USD) in 2021. The … [Read more...] about Vietnam, Belgium look to step up trade, investment ties

Roads, airports, and seaports are being looked at by overseas companies in terms of investment feasibility, Photo: Shutterstock On June 16, Hoang Gia Khanh, deputy general director of state-owned railway giant Vietnam Railways (VNR), received a delegation of Austrian businesses at its headquarters who introduced new products and technology solutions aiming to seek opportunities in the local industry. The commercial counsellor of the Austrian Embassy in Hanoi said that businesses expect to intensify cooperation with VNR, specifically those in funding and upgrading projects, as well as machinery upgrading and maintenance. He added that besides official development assistance, the Austrian government also has other financial tools that can help VNR access financial resources and technologies. According to Khanh, investment demand for the industry’s infrastructure development is huge and he highly appreciates the products and technology of groups like Plasser & Theurer and … [Read more...] about Reopening increases foreign interest in transport upgrade

Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022, the General Statistics Office (GSO) reported on June 29. Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022. (Photo: VNA) According to the office, in the first half of this year, total import-export revenue is estimated to reach 371.17 billion USD, up 16.4% year on year, with imports of 185.94 billion USD, a rise of 17.3% over the same period last year. In the period, the domestic economic sector suffered trade deficit of 15.97 billion USD, while the foreign-invested sector saw trade surplus of 16.68 billion USD. In June, import-export turnover is estimated at 32.65 billion USD, up 5.6% over the previous month. In the second quarter of 2022, export revenue reached 96.8 billion USD, a rise of 21% year on year and 8.7% over the previous quarter. In the January-June period, 28 products recorded export revenue of over 1 billion USD, … [Read more...] about Vietnam enjoys trade surplus of 710 million USD in six months