Tesla share of ev market

An employee talking to a client at a VPBank office in Ha Noi. The bank's shares jumped nearly 1.3 per cent on the last trading day of the week, helping cushion the loss of the market. — VNA/VNS Photo Benchmark indices were mixed on Friday with the VN-Index falling for a second day in a row, but both posted a weekly loss. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index declined by 2.26 points, or 0.22 per cent, to 1,045.14 points. It lost 14.79 points on Thursday after soaring more than 22 per cent on Wednesday. The breadth of the southern market was neutral, while liquidity improved over the previous session. Nearly VND10.3 trillion (US$436.2 million) was injected into the southern bourse, equivalent to a trading volume of more than 564.9 million shares. The benchmark pared losses as more large-cap stocks performed well. The VN30-Index rose 0.72 points, or 0.07 per cent, to close the week at 1,047.71 points. Sixteen of the 30 biggest stocks in market capitalisation on … [Read more...] about Market ends mixed on lingering risk-off mood

Customers at Vietcombank's branch. VCB led the stocks which pulled the VN-Index most on Monday. — VNS Photo Mai Huong Shares opened this week on a negative note on both major stock exchanges as pessimistic news from the financial market continued to affect investors’ psychology. On the Ho Chi Minh Stock Exchange, the VN-Index gave up more than 22 points, or 2.11 per cent, to close Monday’s trade at 1,023.10 points. The southern bourse’s index lost nearly 1 per cent last week. Meanwhile, the HNX-Index on the Ha Noi Stock Exchange decreased 1.39 per cent to end at 201.62 points after losing 1.6 per cent last week. The market breadth leaned heavily to the sellers with 612 losers and 176 gainers. Nineteen of the 25 stock industries tracked by vietstock.vn lost, of which 19 posted an average loss of more than 1 per cent. Only one sector – ancillary production – increased by 0.3 per cent on average. The biggest losers included agricultural production, securities, retail, … [Read more...] about Shares open new week on negative note amid uncertainty

A worker on a latex processing line at a factory of Vietnam Rubber Group (GVR). GVR shares rose 0.7 per cent yesterday. — Photo GVR Shares bounced back strongly in the afternoon session, driven by increasing demand at the support price levels. On the Ho Chi Minh Stock Exchange, the VN-Index rose 0.91 per cent to close Tuesday at 1,032.43 points. The index had lost 2.11 per cent on Monday. Market breadth was positive with 279 rising stocks and 109 losing ones. Nearly 474.9 million shares worth VND8.3 trillion (US$352 million) were traded on HCM City’s bourse. The VN-30 Index, tracking the 30 biggest stocks on HoSE, gained 1.03 per cent to close at 1,035.04 points. In the VN-30 basket, 19 stocks gained while seven lost ground. The biggest gainers included the Vietnam Rubber Group (GVR), Hoa Phat Group (HPG), SSI Securities Inc (SSI), PetroVietnam Gas JSC (GAS), PV Power (POW), Mobile World Group (MWG) and Vinhomes (VHM). As many as 21 out of 25 industries tracked by … [Read more...] about Shares recover on increased demand

The sales of goods, especially agricultural products in the harvest season, were facilitated, along with the establishment of a linkage between supply and demand in the online environment, based on new platforms. — VNA/VNS Photo Measures have been taken to effectively exploit the domestic market with a population of nearly 100 million to fulfil the goal of an increase of 8-9 per cent in retail sales of goods and services, according to the Ministry of Industry and Trade (MoIT). Since the beginning of this year, the ministry has strived to enhance connectivity and ensured a balance between the supply and demand of essential goods, contributing to keeping inflation under 4.5 per cent. The sales of goods, especially agricultural products in the harvest season, were facilitated, along with the establishment of a linkage between supply and demand in the online environment, based on new platforms. The MoIT will continue to accelerate the amendment and completion of a number of legal … [Read more...] about Ministry carries out solutions to effectively exploit domestic market

This is therefore an opportune time for the hospitality and real estate industry to reflect on what has happened and discuss was to increase competitiveness in both regional and international markets. Entitled “Vietnam Hospitality and Real Estate - Time for a Level Up”, the Meet The Experts' conference will take place on March 30th in Ho Chi Minh City, with more than 40 of the industry’s leading experts discussing the latest trends and sharing industry insights. Some of the highlighted topics: Vietnam and regional market updates Megatrends and market changes - Unlocking opportunities Judging by numbers - Hotel profitability in ASEAN Real estate conversion in hospitality - Vietnam's potential Megatrends - Consumer experiences that create value Redefining luxury dining and F&B value in real estate Colour trends in interior architecture Lifestyle, boutique, and soft brand hotels - Vietnam's untapped opportunity Investment and development talks … [Read more...] about Hospitality and real estate experts to share their views

Outside of the State Bank of Vietnam in downtown Ha Noi. — Photo SBV The State Bank of Viet Nam must step up efforts in the management of the country's banking sector and prepare for all possible scenarios for timely and effective interventions, according to the World Bank. Carolyn Turk, WB country director in Viet Nam, said the global economy will likely enter a period of turbulence while it's struggling with slow growth, decreased demand, high inflation and central banks around the world tightening credit. Turk's comment was made in the aftermath of an event in which three US banks: Silicon Valley Bank (US' 16th largest bank), Silvergate Bank and Signature Bank, one after another, collapsed in a week. She said the ramifications of such an event will likely follow within a short time and consequences be felt across the global financial market, which commands policymakers to pay attention and plan for necessary interventions. She said there are many similarities that can be … [Read more...] about Central bank must keep a close on the financial market: WB

The headquarters of the State Bank of Vietnam in downtown Hanoi. (Photo: SBV) Hanoi (VNS/VNA) - The State Bank of Vietnam must step up efforts in the management of the country's banking sector and prepare for all possible scenarios for timely and effective interventions, according to the World Bank (WB). Carolyn Turk, WB Country Director in Vietnam, said the global economy will likely enter a period of turbulence while it's struggling with slow growth, decreased demand, high inflation and central banks around the world tightening credit. Turk's comment was made in the aftermath of an event in which three US banks: Silicon Valley Bank (the US's 16th largest bank), Silvergate Bank and Signature Bank, one after another, collapsed in a week. She said the ramifications of such an event will likely follow within a short time and consequences be felt across the global financial market, which commands policymakers to pay attention and plan for necessary interventions. She … [Read more...] about Central bank must keep a close on financial market: WB

The Ministry of Industry and Trade cited statistics of the Statistical Office of the Eu ropean Communities as saying that the market share of Vietnamese coffee in Spain's total imports from the global market accounted for over 30% in 2022. Vietnam exported over 342,000 tonnes of coffee in the first two months of the year, earning 745 million USD, down 7% in volume and 9.5 percent in value year-on-year. Spain is the 8th largest trading partner of Vietnam in the EU, and the 8th biggest importer of Vietnamese goods. Last year, two-way trade between Vietnam and Spain hit 3.54 billion USD, 13% higher than that recorded in 2021. This was the highest growth rate ever. The two countries have witnessed the sound development of bilateral relations and there is a bright prospect for the two sides to further expand their relationship, especially in economic, trade, and investment cooperation. Spain's coffee sector is forecast to grow by 6.84% in the 2022-2025 period, … [Read more...] about Vietnam posts growth in coffee export value to Spain

Illustrative image. (Photo: news.unair.ac.id) Jakarta (VNA) – The Indonesian Ministry of Marine Affairs and Fisheries continues to boost tilapia production to meet the high global deman d for the commodity. market in 2023 alone valued at 13.9 billion USD. According to Trenggono, the fish export market remains stable and is not affected by the global recession, while the global demand for protein from fish continues to increase. Indonesia 's main aquatic export commodities include shrimp, tuna, skipjack, cuttlefish, octopus, and crabs, he said, adding that the country is keen to grab a share in the market of five main fishery commodities at the global level, namely shrimp, lobster, crab, tilapia , and seaweeds./. VNA … [Read more...] about Indonesia boosts tilapia production to meet global demand

Selex Motors, a Vietnamese start-up developing a smart electric scooter ecosystem in Vietnam, has helped define ‘Made-in-Vietnam’ electric vehicles (EVs), specifically electric scooters, as its products are completely manufactured in the Southeast Asian nation. Selex Motors co-founders are Nguyen Huu Phuoc Nguyen, Nguyen Trong Hai, and Nguyen Dinh Quang. Both Nguyen and Hai earned a PhD in mechanical engineering from the University of Michigan and worked for many companies in both the U.S. and Vietnam. Meanwhile, Quang is an expert in software engineering and the Internet of Things (IoT), and has developed complicated national defense systems for enterprises in Israel. Since late last year, Selex Motors’ first smart electric scooters have run on the streets in Hanoi. The company has been expanding its ecosystem to many large cities, heading toward exporting the ecosystem to other Southeast Asian countries. An event to experience Selex Motors’ electric scooters. … [Read more...] about Start-up realizes dream of ‘made-in-Vietnam’ electric scooters