Track marathon runners

Though the benchmark VN-Index has lost nearly 19 percent this year, the bank said it was confident about the long-term prospects of the market as companies have been "on a roll" in terms of growth and profits in recent years. The average earnings per share of listed companies had grown by 35 percent last year, and while trading had dipped in the last few months, the Vietnamese market had surpassed Singapore and Indonesia to become the second largest in Southeast Asia behind only Thailand. Local retail investors accounted for around 87 percent of trading. Though foreigners had been mostly withdrawing from the market for nearly three years, they "have started to dip their toes into this market again" in the past few weeks. This was because only seven of the 30 biggest stocks on the main bourse, the Ho Chi Minh Stock Exchange, had reached their foreign ownership limit. Overall the VN-Index had a foreign ownership limit of 44 percent, and current foreign holdings were at less … [Read more...] about HSBC optimistic about Vietnam stock market despite plunge

Quang Ninh agricultural products are on sale at website dongtrieumart.vn (Photo: baoquangninh.com.vn) Quang Ninh (VNA) – The northern province of Quang Ninh is taking steps to boost high-tech agriculture to cut production costs, increase volumes, and cultivate high-quality farm produce. To realise this goal, farmers are focusing on speeding up the digital transformation, considering it a strategic solution to enhancing the production, quality and competitiveness of agricultural products in domestic and international markets. Dam Ha trade and construction company in Dam Ha district has invested more than 15 billion VND (647,250 USD) to building hydroponic greenhouse vegetable and melon farms, betting on high-tech hydro-growing operations to promote clean agriculture, cut workloads, and standardise quality. Director Nguyen Huu Nhuong said that thanks the newly installed hydroponic systems, the company has enjoyed a production bump of nearly 100 tonnes of melon per year … [Read more...] about Quang Ninh farms turn to tech to grow agriculture sector

Addressing the closing ceremony, he said it was Vietnam’s honor to welcome distinguished guests and more than 10,000 athletes, coaches, and referees to SEA Games 31 - the region’s biggest sporting event. The PM noted the COVID-19 pandemic forced the Games to be delayed from November 2021 to May 2022, but it has made the countries become even closer together, more united, and determined to weather all difficulties and challenges to successfully organize SEA Games 31. The countries gathered at the Games to help affirm ASEAN’s vision and mission of solidarity, peace, friendship, cooperation, and development, according to the Vietnamese leader. Minister of Culture, Sports and Tourism Nguyen Van Hung, Chairman of the Organizing Committee, said the success of SEA Games 31 was reflected in not only efforts by hosts Vietnam but also other countries’ wholehearted support, the medals, new records, as well as their honesty and nobility, promising a bright future for the region’s sports. … [Read more...] about SEA Games 31 – a demonstration of solidarity, friendship: PM

Minister of Transport Nguyễn Văn Thể at National Assembly meeting on Tuesday. VNA/VNS Photo HÀ NỘI The trans-Việt Nam 2,744-km-long Hồ Chí Minh Expressway Project was planned to open in 2020 but so far only around 86 per cent of the work has been completed, Minister of Transport Nguyễn Văn Thể told National Assembly deputies on Tuesday. In particular, the Government has yet to arrange investment for about 171km of the expressway, he said. The Hồ Chí Minh Expressway project approved by the National Assembly in 2004 was once expected to be completed in 2010, with a total length of 3,183km, including its main line of 2,499km and a western branch of 684km long. Passing through 28 provinces and cities from Pác Pó in the northern Cao Bằng Province to Đất Mũi in the southernmost province of Cà Mau, the expressway project was estimated to receive a total investment of VNĐ99,170 billion (US$4.3 billion). However, in 2013, the National Assembly passed Resolution 66/2013/QH13 … [Read more...] about Trans-Việt Nam Hồ Chí Minh Expressway project lags two years behind schedule