Stocks

The mid-term outlook of the market remains bright, but in short-term, investors may face certain risks. Vietnam’s stock market continues to be an attractive investment channel from now on until late 2021, especially as factors that help attract capital to flow into the market would remain unchanged. Investor at a securities company in Hanoi. Photo: Cong Hung The Vietnam Financial Consultant Association (VFCA) made the assessment in its latest report on the local stock market. According to the VFCA, in the face of the serious nature of the fourth Covid-19 outbreak and the rollout of the vaccination program, scheduled to complete by late 2022, more investors would join the stock market. “Meanwhile, the fact that international organizations providing a positive outlook on the local economy with estimated GDP growth of 6.5-7.1% would further support market development,” it added. The VFCA also pointed out the current low-interest environment as a factor for people to look for investment channels, including the stock market, with higher profit returns. “The State Bank of Vietnam (SBV) is expected to maintain its current interest rate policies to support people and businesses affected by the pandemic,” stated the VFCA. Another factor is that local enterprises have gradually adapted to a new normal, while major markets in the Europe and US are recovering. In the first quarter, the pre-tax profit of listed non-financial firms surged by 157% year-on-year. Given the low base of the last second quarter, “their profits are expected to continue rising sharply in this second quarter,” it added. “A strong profit growth in the second quarter of Vietnamese enterprises would help improve the price to earnings (P/E) ratio of the benchmark Vn-Index and serves as motivation for the capital inflows to be channeled into the stock market,” stated the VFCA. At present, Vn-Index’s P/E is in the range of 18.5-18.7x, considered not expensive compared …

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Vietnam reports 102 more Covid-19 cases The Saigon Times A man is injected with the Covid-19 vaccine. The Ministry of Health confirmed 102 new Covid-19 cases Saturday evening - PHOTO: MINISTRY OF HEALTH HCMC - Vietnam reported 102 more Covid-19 cases this evening, June 19, including 90 domestic infections and 12 imported cases, taking the country’s Covid-19 tally to 12,900. Among the community-transmitted cases, 31 were detected in HCMC, 18 in Bac Giang, 18 in Binh Duong, seven in Bac Ninh, five in Danang and three in Long An. Lang Son, Dong Nai and Ha Tinh had two new patients each, while Nghe An and Nam Dinh reported one case each. The two cases in Dong Nai marked the fearsome return of the pandemic in this southern province that had not seen outbreaks for more than one month. The 12 imported cases were recorded in An Giang, Quang Nam, Danang and Ninh Binh. Today’s total number of infections was 308, including 293 domestic cases. The Center for Disease Control of Bac Giang Province also updated 178 additional Covid-19 cases, which were previously reported in areas under lockdown, to the national Covid-19 case management system this afternoon. As many as 5,054 Covid-19 patients in the country have fully recovered, including 321 people discharged from the hospital today. Meanwhile, two more Covid-19 patients, including a 90-year-old woman and a 67-year-old man, have died, taking the country’s Covid-19 death toll to 64. The woman lived in Viet Yen District, Bac Giang Province. She suffered from hypertension and diabetes and tested positive for Covid-19 with symptoms such as cough and shortness of breath on June 12. She was initially treated at a Covid-19 treatment facility located in Fuji Bac Giang Development Joint Stock Company but was then sent to the Intensive Care Unit of Bac Giang Mental Hospital on June 14. The patient experienced high fever and hemorrhaging under the skin on June 16. She fell into a coma on June 17 and …

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Anthony Roméo is designing a domestic waste treatment line, which will be installed in the southern province of Dong Nai, where his company has a cooperation project with Sonadezi Environment Joint Stock Company. The project aims to recycle domestic waste in the province into humus compost. Menart, a family business established in 1961, specializes in the field of designing, manufacturing and installing machinery and equipment, which are used to produce organic fertilizer and to treat waste of different kinds. The company has projects in many countries in Europe, Africa, America and Asia. In Vietnam, Menart built waste treatment plants in many provinces, including Dong Nai, Soc Trang, Kon Tum, Ha Tinh, Thai Nguyen and Ha Nam. At this workshop, Menart engineers will install and test parts of the waste treatment line before they are shipped to Vietnam. VNA …

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