A building project constructed by Coteccons in HCM City. The company's stock was among the large-caps that pushed the benchmark VN-Index up amid strong selling pressure. - Photo ndh.vn HÀ NỘI – Việt Nam’s benchmark VN-Index recovered at the end of Monday as large-caps returned to positive territory on strong purchases. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange edged up 0.46 per cent to end at 997.94 points. The VN-Index gained total 1.1 per cent last week. It fell as much as 0.51 per cent during the day. Some individual large-cap stocks drove the market up on Monday. The large-cap VN30-Index inched up 0.08 per cent to close at 888.54 points. In the VN30 basket, 12 of the 30 largest stocks by market capitalisation and trading liquidity increased. Among gainers in the VN30 basket were Vietcombank (VCB), PetroVietnam Gas (GAS), Eximbank (EIB), Coteccons Construction Corp (CTD) and realty firm Vingroup (VIC). On the other … [Read more...] about VN-Index saved by large-cap firms, but outlook gloomy
Suggested retirement savings by age
Doãn Mậu Diệp. — Photo tienphong.vn Doãn Mậu Diệp, Deputy Minister of Labour, Invalids and Social Affairs, speaks to the Tiền Phong (Vanguard) newspaper about how Việt Nam will revise the retirement age for workers or State employees How do you respond to a proposal that Việt Nam would raise the retirement age for its workers while many people in the working age still can’t find jobs? It is a real fact that in any labour market, job positions are always bigger than the actual number of working people. Yet, in all countries, many people are still unemployed. Japan is a good example. According to a national survey, there is only one candidate for four working positions while the unemployment rate in Japan currently stands at 2.4 per cent. In the real labour market, the mismatch between supply and demand happens in all countries, and Việt Nam is no exception. For example, in the Republic of Korea, the … [Read more...] about Why we have to increase the retirement age?
Vietnam is the second cheapest country to retire to this year, according to the latest Annual Global Retirement Index. Da Nang in Vietnam (Photo: International Living) Published by Ireland’s InternationalLiving.com, the Index lists the best retirement havens by scoring countries in 13 categories, including buying and investing, renting, benefits and discounts, visas and residence, cost of living, fitting in, entertainment and amenities, healthcare, healthy lifestyle, development, climate, opportunity, and governance. The main goal of the Index is to help retirees find locations where their dollar goes further - where they can get the best value for money in terms of cost of living, housing, and overall quality of life. While Vietnam is only ranked 19th among 25 countries in the index overall, it is the second best in terms of cost of living. “Vietnam is a fascinating and vibrant destination, rich in natural beauty, steeped in history and brimming with … [Read more...] about Vietnam among the best places to retire
The index, published by Ireland’s publication International Living, lists the best retirement havens by scoring countries in 13 categories, including visas and residence, cost of living, entertainment and amenities, healthcare, and business opportunities. While Vietnam is only ranked 19th among 25 countries in the index, it is the second best in terms of cost of living. "Vietnam is a fascinating and vibrant destination, rich in natural beauty, steeped in history and brimming with opportunity. Whether you want to live in the heart of the city, nestle among pine-forested mountains, or overlook a sun-washed beach, you’ll find modern, high-quality housing for low prices," the report said. Saigon and Hanoi are the most expensive cities in the country, while a life of retirement in other tourism-centric cities like Da Nang, Hoi An, Nha Trang, and Vung Tau will be much easier on the wallet, it suggested. However, Hanoi and Saigon are still considered some of the cheapest … [Read more...] about Vietnam among most affordable retirement havens: Irish publication
Vietnamese shares were buoyed on Thursday as petroleum companies continued to benefit from rallying oil prices.— VNA/VNS Photo HÀ NỘI — Vietnamese shares were buoyed on Thursday as petroleum companies continued to benefit from rallying oil prices. The benchmark VN Index on the Hồ Chí Minh Stock Exchange inched up 0.07 per cent to close at 908.79 points. The HNX Index on the Hà Nội Stock Exchange gained 0.11 per cent to end at 102.78 points. The two indices respectively increased by 0.18 per cent and 0.13 per cent on Wednesday. The stock market was up and down on Thursday, and was buoyed in the last minutes by the growth of petroleum stocks. The energy industry on Thursday was lifted by a rise in oil prices with its index going up 0.9 per cent, data on vietstock.vn showed. US benchmark West Texas Intermediate (WTI) and Brent crude gained 0.2 per cent each to trade at $61.27 and $52.72 a barrel. Oil prices have gained around 21.4 … [Read more...] about VN stocks saved by rally in oil prices