Stocks trading at 52 week low in nse

An overview of the Aqua City project developed by Novaland in the southern province of Dong Nai. Novaland is among companies w hose capitalisation is valued at billions of dollars on the market (Photo: novaland.com.vn) Hanoi (VNS/VNA) – Vietnam’s stock market reached approximately 87.68 percent of the country’s Gross Domestic Product (GDP) as of the end of 2020, the highest rate reported so far. The other two high rates recorded were in August 2018 at 84.57 percent and March 2018 at 83.08 percent. Including the government bond market and corporate bond market , the value of Vietnam’s entire stock market by the end of 2020 exceeded 110.64 percent of GDP, this is also the highest rate ever recorded. New cash flow continuously pouring into the market since the second half of 2020 has boosted liquidity. December 2020 and January 2021 were two months witnessing record matching value, of more than 250 trillion VND (10.8 billion USD) and more than 300 trillion VND on the Ho Chi Minh City Stock Exchange (HoSE), respectively. However, skyrocketing liquidity has far exceeded market forecasts, leading to frequent congestion in many sessions, causing a lot of trouble for investors and affecting the quality of the market. The sudden increase in liquidity is unpredictable, causing undesired interruptions in trading, according to HoSE. To tackle this issue, the State Securities Commission said it was speeding up the implementation of a new information technology system for the entire stock market, known as KRX. The Vietnamese stock market has experienced a year of spectacular recovery from the bottom caused by the COVID-19 crisis, a trend that is in parallel with most of the major stock markets in the world. Since the bottom at the end of March 2020, the VN-Index has increased by nearly 50 percent. So far, the Vietnamese stock market recorded 38 companies whose value reaches billions of dollars. Vingroup is valued at 15.95 billion USD in market …

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Some local enterprises have a legal department that specialises in dealing with the trade remedies in foreign markets, especially in the sectors producing key export products such as steel. Photo tapchicongthuong.vn HÀ NỘI — The Ministry of Industry and Trade (MoIT) will continue to support domestic enterprises, especially small and medium-sized firms, to improve their awareness of trade remedies. It will provide practical lessons on handling trade defence lawsuits for local enterprises. The ministry will also focus on training State officials, commodity associations and industries on trade remedies, especially for commodities that are regularly investigated by foreign countries such as steel, fisheries, wood and chemicals. According to the ministry's Trade Remedies Authority of Việt Nam (TRAV), local export products have faced more anti-dumping investigations and tax evasion cases in foreign countries in recent years. Vietnamese businesses have become aware of trade remedies. Many Vietnamese enterprises have been adapting to trade defence cases. Some have legal departments that specialise in dealing with trade remedies at foreign markets, especially in sectors producing key export products such as steel, seafood and garments. However, according to the authority, there are still some firms, especially smaller companies, that are unaware of the importance of trade remedies and how they would affect their production and business activities. It said in the results of trade lawsuits, local enterprises that work with foreign investigative authorities by providing information enjoy low tax rates. If local enterprises do not co-operate, they will face a high tax rate due to foreign investigative authorities using available data only, creating a disadvantage for them. Therefore, the level of co-operation can be considered a prerequisite for achieving a positive result in trade remedies cases, according to the TRAV. In the …

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PM orders injection of Covid-19 vaccines from this week The Saigon Times Prime Minister Nguyen Xuan Phuc (standing) speaks at a regular Cabinet meeting on March 2. He has instructed that residents be given the Covid-19 vaccines from this week - PHOTO: VNA HCMC – At a regular Cabinet meeting on March 2, Prime Minister Nguyen Xuan Phuc asked the Ministry of Health to inject those announced earlier by the Government as priority residents with the Covid-19 vaccines from this week. The budget must be ensured so that all Vietnamese people receive the vaccines, PM Phuc noted, adding that the healthcare sector and other relevant agencies must quickly and seriously fulfill this duty, the local media reported. Commenting on the fight against the pandemic, especially in Hai Duong, Haiphong, Quang Ninh, Hanoi and HCMC, the Government leader said the pandemic has been controlled in the country, except for Hai Duong’s Kim Thanh District. He reiterated the Government’s view that injecting vaccines, wearing face masks, spraying disinfectants, maintaining a physical distance, limiting gatherings and making health declarations are the most important solutions to combat Covid-19. He asked ministries, agencies and localities to continue making strong efforts in the Covid-19 prevention and control drive. The prime minister also ordered the control of the pandemic at the Kim Thanh hotspot. Moreover, production and business activities should be enhanced to achieve the targets set for the first half of the year and the whole year. Regarding the country’s socioeconomic performance in the first two months of the year, PM Phuc said the country’s import-export turnover reached US$95.8 billion, up 24.5% year-on-year. The export revenue grew nearly 23.2% to US$48.6 billion, while US$47.1 billion was spent on imports, up 25.9%, resulting in a trade surplus of US$1.3 billion. Additionally, the number of newly-established enterprises was 18,100, registering a total …

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