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Stock Market Investor caution hits stocks on HCMC bourse The Saigon Times Daily Thursday,  Oct 17, 2019,18:53 (GMT+7) Investor caution hits stocks on HCMC bourseThe Saigon Times Daily A Maybank Kim Eng Securities Company staff monitors share prices in this file photo. The VN-Index of the Hochiminh Stock Exchange lost 4.64 points to close at 989.82 today, October 17 - PHOTO: THANH HOA HCMC – After a slight rally on Wednesday, the VN-Index of the Hochiminh Stock Exchange plunged 0.47% today, October 17, as investors grew cautious and most large-cap stocks lost steam. On the HCMC bourse, 123 stocks gained but 179 others declined, with VN-Index losing 4.64 points at 989.82. There were some 191 million shares worth VND4.03 trillion changing hands, up 2% in volume and 11% in value against the session earlier. Of the total, block deals accounted for 34.4 million shares worth some VND778.6 billion. Many stocks in the … [Read more...] about Investor caution hits stocks on HCMC bourse

Other News Vietnamese firms seek partners at international fair in Thailand By Do Lan Saturday,  Oct 19, 2019,10:47 (GMT+7) Vietnamese firms seek partners at international fair in ThailandBy Do Lan Visitors buy products at Vietnam’s Asian Craft booth at Style Bangkok Fair 2019 in Thailand. Vietnamese firms are seeking more partners at the fair - PHOTO: DO LAN HCMC – Ten Vietnamese enterprises active in the textile and garment and handicraft sectors are participating in Style Bangkok Fair 2019 to look for new partners and sound out opportunities to expand their markets. The 10 enterprises, including Asian Craft, Little Miss Perfect Vietnam, Manh Tuong Fine Arts Trading, Minh Giang Craft, Hoang Bao Import Export and Viet Lacquer, will be displaying their products at the fair, which will last until October 21. Nguyen Manh Cuong, director of Asian Craft, a company specializing in jewelry and accessories, told … [Read more...] about Vietnamese firms seek partners at international fair in Thailand

Nation Former info ministers indicted in MobiFone-AVG deal By Thanh Thom Sunday,  Oct 20, 2019,08:23 (GMT+7) Former info ministers indicted in MobiFone-AVG dealBy Thanh Thom Then Minister of Information and Communications Nguyen Bac Son (R) awards a prime ministerial decision which appoints Truong Minh Tuan to serve as his deputy minister in February 2014 – PHOTO: MIC HCMC – Former Minister of Information and Communications Truong Minh Tuan and his predecessor Nguyen Bac Son have been indicted for public capital mismanagement and passive bribery in connection with an infamous TV firm acquisition which led to over VND6.59 trillion (US$283 million) in losses. The Supreme People’s Court on October 19 issued an indictment against two ex-ministers and 12 others, who were involved in a now-aborted deal in which State-run MobiFone Telecommunications Corporation had overpaid for a 95% stake in the loss-making … [Read more...] about Former info ministers indicted in MobiFone-AVG deal

Vietnam Economy Striving for a made-in-Vietnam digital economy By Thuan Nguyen – Dinh Phuong – Van Thinh Sunday,  Oct 20, 2019,14:59 (GMT+7) Striving for a made-in-Vietnam digital economyBy Thuan Nguyen – Dinh Phuong – Van Thinh Vietnam's top-six investors governing Vietnam's key e-commerce platforms - Source: E-commerce Rewind 2018, iPrice, 2018 Phrases such as online purchase, online taxi booking or online food orders have become familiar. The benefits for consumer welfare are clear, but do Vietnamese firms stand to gain too? Five or seven years ago, it seemed unlikely that people would be able to purchase practically everything, from groceries and clothes to expensive goods such as television sets, fridges or even houses, in the comfort of their home. Escalating growth The year of 2018 and the first nine months of 2019 witnessed the phenomenal growth of the digital economy in six Southeast … [Read more...] about Striving for a made-in-Vietnam digital economy

Stock Market Market likely to move sideways this week The Saigon Times Daily Sunday,  Oct 20, 2019,16:15 (GMT+7) Market likely to move sideways this weekThe Saigon Times Daily A man sits opposite an electric board featuring stock prices. Local stock market may move sideways this week - PHOTO: VNA HCMC - The local stock market is forecast to move sideways with mixed trading sessions this week, with a high possibility that the VN-Index on the HCMC market will fluctuate within the 987-998 point range, according to local brokerage firms. Investors should remain cautious as there will be a clear differentiation among stock groups, depending on companies’ third-quarter business results, said Bao Viet Securities Company in its latest report. In addition, stocks in the VN30 basket will likely see significant changes, when investment funds related to the basket will have to restructure their quarterly portfolios in the … [Read more...] about Market likely to move sideways this week