The hnx index

Vinhomes Imperia Hải Phòng Urban Area, a project built by Vingroup. The company's shares soared nearly 3.5 per cent on Wednesday, leading the market's uptrend. — VNA/VNS Photo The Vietnamese stock market recovered on stronger demand force after recent corrections, while foreign investors continued to withdraw from main exchanges. The VN-Index on the Hồ Chí Minh Stock Exchange increased over 14.6 points, or 1.21 per cent, to close Wednesday at 1,266.11 points. The recovery helped recoup most of the losses hit in the last two sessions. On the southern bourse, breadth of the market returned to a positive zone with 275 stocks advancing, while 52 ended lower. Liquidity decreased over the previous session, but remained above VNĐ20 trillion. Particularly, VNĐ20.37 trillion (US$838.25 million) worth of shares was traded on HoSE, equal to more than 878 million shares. The index's reversal was mainly driven by strong rebounds in real estate stocks and other pillars in the securities … [Read more...] about Market rebounds, ending two-day losing streak

It closed 14.6 points higher after losing 0.3 points Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped 12.7% to VND20.37 trillion ($837.93 million). The VN30 basket, comprising the 30 largest capped stocks, saw 22 tickers rose. GVR of Vietnam Rubber Group led with a 3.6% increase, followed by VIC of private conglomerate Vingroup, up 3.5%. BCM of Becamex Investment and Industrial Development rose 2.9% and VHM of property giant Vinhomes closed 2.7% higher. Six blue chips fell. SSB of Southeast Asia Commercial Bank (SeABank) dropped 1.1% and GAS of state-owned Petrovietnam Gas lost 0.9%. Foreign investors were net sellers for the third straigt session to the tune of VND226 billion, mainly selling HPG of steelmaker Hoa Phat Group and MWG of electronics retail chain Mobile World. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 1.84% while the UPCoM-Index for the Unlisted Public Companies … [Read more...] about VN-Index posts biggest gain in 6 sessions

Vietnam has maintained a consistent upward trajectory since 2015, reflecting the government's efforts to restructure the economy toward full market-oriented development and international integration. Vietnam has climbed four places to secure the 106th position out of 165 countries and territories in the Economic Freedom of the World index, according to the Canada-based Fraser Institute. Manufacturing of mechanical products at Tam Hop Company in Soc Son District, Hanoi. Photo: Viet Linh/The Hanoi Times The Economic Freedom of the World index evaluates the extent to which policies and institutions support economic freedom. It is published annually by the Fraser Institute in collaboration with the Economic Freedom Network, a coalition of independent research and educational institutions covering nearly 100 countries and territories. Singapore currently leads the world in economic freedom, followed by Hong Kong (China), Switzerland, New Zealand, the US, and … [Read more...] about Vietnam moves up 4 places in Economic Freedom of World index

Illustrative image (Source: VNA) Hanoi (VNA) – Just energy transition is significant in the development of workers' skills, the labour market and employment due to the high requirements of green and sustainable economic development, heard a conference held by the German Embassy in Hanoi on September 20. Dr. Guido Hildner , German Ambassador said that in his country, the number of employees working in occupations requiring green skills increased 56.7% to 5 million between 2012 and 2020. This shows that the energy transition is a complex and demanding process, but also provides great opportunities to the people and the economies. Noting that Vietnam has set a target of net-zero emission by 2050, the diplomat said that Germany has supported Vietnam in employment transition by training Vietnamese workers in the fields of electricity, electronics and roof-top solar power installation. Each year, tens of thousands of students are trained in 11 vocational training … [Read more...] about Just energy transition requires higher labourers’ skills: Experts

Vietnam’s gross domestic product (GDP) is hoped to grow 6.46% in the third scenario when the global economy will see positive changes, and Vietnam will take drastic actions in reform and management (Photo: VietnamPlus) Hanoi (VNA) – The Central Institute for Economic Management ( CIEM ) put forwards three scenarios for Vietnam’s economic growth in 2023 at a seminar in Hanoi on July 10 to announce a report on the domestic economy in the first half of this year, and prospects for the second half. Specifically, Vietnam’s gross domestic product (GDP) is expected to grow 5.34% this year under the first scenario. The first scenario assumes the global economic development matches assessments of international organisations and Vietnam, under which the country’s export turnover is projected to drop by 5.64%, and its consumer price index (CPI) will rise 3.43%, with a trade surplus of 9.1 billion USD. Under the second as, given monetary and fiscal easing in Vietnam , the GDP … [Read more...] about CIEM forecasts three economic growth scenarios for Vietnam in 2023

Chairman of FPT IS company Trần Đăng Hòa debuts the introduction of the first R&D in Đà Nẵng. The company has developed a series of technological solutions to support Đà Nẵng in the digital transformation process. — Photo courtesy of Phạm Vân Anh The FPT Information System company (FPT IS), a member of the FPT Group, has debuted its Research and Development (R&D) centre at Massada Industrial Park, underscoring a commitment to innovation, digital transformation, and technological solutions in the city and the global market. The introduction of the R&D and representative office will help forge a link in co-operation between domestic and international businesses in clean and renewable energy, carbon index accreditation, positioning Đà Nẵng as an international centre for innovation and advanced technological solutions providers. Chairman of FPT IS Trần Đăng Hòa said the company has developed 60 key technological solutions, including semiconductor chips, an automation … [Read more...] about FPT IS debuts R&D centre in Đà Nẵng