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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

A four-year-old Vietnamese girl has passed away after she was bitten by a venomous snake but no venom antiserum against the species was available for use to save her then, local authorities said. The little girl, S.T.N.N., died on Sunday, a week after being bitten by a Malayan krait snake, one of the venomous snake species, while sleeping at home in Phuoc Tan Commune, Son Hoa District, Phu Yen Province, located in the south-central region. N.'s mother found her daughter being bitten by the snake at 0:00 on May 16 and took the girl to the district health center immediately, the commune authorities said. Due to her critical condition, the girl was transferred to the Phu Yen Obstetrics and Pediatrics Hospital at 2:30 am the same day in a state of lethargy and difficulty breathing. Doctors later performed endotracheal intubation on the girl as she showed signs of apnea, said Dr. Phan Van Minh, the hospital director. They promptly transferred her to the provincial General … [Read more...] about In Vietnam, little girl dies of snakebite as hospitals couldn’t find corresponding antivenom

At the event. (Photo: baophapluat.vn) Binh Dinh (VNA) - Kurz International Holdings GMBH from Germany held a groundbreaking ceremony to build a thin film factory at the Becamex Vietnam-Singapore Industrial Park (VSIP) in the south central province of Binh Dinh on May 24. factory in Binh Dinh province will help strengthen the influence of KURZ Group in Asia, creating conditions for the group to actively participate in the growing market in Southeast Asia, as well as meeting market needs worldwide with high quality products. Binh Dinh with a total investment of more than 13 million USD. investor s, he said./. VNA … [Read more...] about Work begins on 40-million USD thin film project in Binh Dinh province