Vietnam stock

Despite the strong recovery of the stock market in April this year, currently, foreign investors keep net selling for more than VND6.8 trillion. Two months ago when the Covid-19 pandemic happened complicatedly around the world, foreign investors dumped shares heavily, affecting the sentiment of investors in the market. Several large-cap stocks were sold heavily by foreign investors so by the end of March, the VN-Index plummeted by nearly 26 percent. In the first four months of this year, foreign investors only net bought strongly in January, especially before the lunar New Year. Accordingly, in the first four months, they have net sold VND16.8 trillion (US$716 million) with a total trading volume of around 874 million shares. Meanwhile, they net bought VND7.3 billion in 2019. These movements showed that from February to now, regardless of the fact that the market slumped or recovered, this sector still maintained net selling of hundreds of billions of Vietnamese dong each trading … [Read more...] about Domestic capital backs Vietnam’s stock market

Vietnam achieved one of the most rapid reductions in poverty rates of any country in the world, declining from 94% of people living in poverty in 1992 to only 29% of people living in poverty by 2018. During that time, a powerful Vietnamese middle class emerged. 91% of Vietnamese families own their homes, and the vast majority do not have a mortgage. This makes Vietnam one of the countries with the highest rate of home-ownership, especially unleveraged home-ownership in the world. Home-ownership, together with access to high-quality education, is the foundation of a strong middle class. While there is an emerging group of wealthy Vietnamese, such as entrepreneurs who have founded successful businesses, Vietnam’s growth is firmly grounded in its rapidly emerging middle class. … [Read more...] about Mekong Capital CEO: Vietnam to emerge as a world leader

Overseas remittances to Vietnam this year have been forecasted to fall by 17% this year due to the Covid-19 pandemic, according to a local economist. Chief Economist Can Van Luc from the Bank for Investment and Development of Vietnam (BIDV) said that Vietnam’s overseas remittances in 2020 would be 10-15% or even 15-17% lower than that of last year if the Covid-19 pandemic continues. Overseas remittances to Vietnam forecasted to drop by 17% this year … [Read more...] about Overseas remittances to Vietnam forecasted to drop by 17% this year

A man is seen cheering happily after lockdown was lifted in Ha Loi village on the outskirts of Hanoi on May 6. ChosunBiz, a newspaper in the Republic of Korea, on May 6 run a story highlighting Vietnam’s successes in containing the COVID-19 pandemic. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 7

Vietnam increases pork imports to halt price hike: MARD After Vietnam’s pork industry was hit hard by the outbreak of African Swine Flu and COVID-19, the Ministry of Agriculture and Rural Development (MARD) say they will increase pork imports to reduce prices for the domestic market. … [Read more...] about Vietnam to promote pig farming