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Danang is now ripe for 5-star hospitality success The 16th edition of the Asian Route Development Forum (Routes Asia 2022) was held in Danang on June 6 for the first time. Routes Asia brings together policymakers from the world’s leading airlines, airports, destinations and aviation suppliers, and this time around the event wants to realise action plans and accelerate Asia-Pacific economic recovery. “We see this as a significant opportunity to exchange information and seek partnership, as well as to invest in the development of aviation, tourism, and logistics,” Chairman of Danang People’s Committee Le Trung Chinh stated at the event. “This is also an opportunity for the city to showcase our natural beauty, people, and socioeconomic achievements and the tourist industry in particular, to investors and visitors from across the world.” According to research by Savills World Research last year, the coastal city is one of the leading destinations for major international brands in … [Read more...] about Second-home market blossoms in Danang

Indices advanced on Thursday morning, backed by recoveries in energy and seafood stocks after a strong sell-off in the previous session. The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) struggled as it curbed the early loss to end higher in the morning trade. Of which, the benchmark rose 0.64 points, or 0.05 per cent, to 1,169.91 points. It gained despite the 30 biggest stocks tracker VN30-Index still losing 2.08 points, or 0.17 per cent, to 1,225.1 points. The southern market's breadth remained in negative territory with more stocks declining than increasing. Liquidity also fell sharply compared to the previous session. Accordingly, the matching value on the HoSE tumbled 35.3 per cent to VND4.42 trillion (US$190.1 million). However foreign investors net bought more than VND140 billion on the southern bourse in the morning session. On the Ha Noi Stock Exchange (HNX), the HNX-Index climbed 1.82 points, or 0.68 per cent, to 271.21 points. Leading the … [Read more...] about Market inches higher on energy, seafood stocks

Shares were mixed on Friday morning, with the market benchmark VN-Index rising slightly as some large-cap stocks faced correction. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 4.46 points, or 0.38 per cent, to 1,193.34 points. The market's breadth was positive, while liquidity was up compared to the previous session but remained at low levels. Accordingly, the matching value on the southern bourse climbed by 9 per cent to more than VND4.8 trillion (US$207.5 million). However, foreign investors were net sellers this morning after net selling a value of VND101 billion on the market. The index extend rallies, but strong gains in the previous trade triggered some profit-taking activities in pillar stocks, especially in energy and real estate stocks. The VN30-Index, tracking the 30 biggest stocks on HoSE, advanced 2.7 points, or 0.22 per cent, to 1,243.28 points. In the VN30 basket, 19 stocks inched up, while nine declined and two stayed unchanged. BIDV (BID) … [Read more...] about VN-Index edges close to 1,200 points

An MB Securities employee talking to a customer at its office. Many listed companies have attractive valuations after a three-week downturn. — Photo top247.vn The stock market fell for a third week in the row, but the benchmark remained at the previous bottom of 1,150-1,160 points. Experts said that this is a positive signal helping strengthen investors’ sentiment this week. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) ended last week at 1,185.48 points, a decline of 0.29 per cent, while the HNX-Index on the Ha Noi Stock Exchange (HNX) fell 0.45 per cent to 275.93 points. For the week, both benchmarks registered a weekly decrease, of which the VN-Index lost 2.6 per cent and HNX-Index dipped 1.5 per cent. Liquidity dropped sharply, but cash flow still found investment opportunities on leading stocks in banking, securities, steel, real estate, insurance and energy sectors. The order-matching liquidity on HOSE tumbled to a record low set in 2020, an average of more … [Read more...] about Positive signals support investors’ mood this week

The index closed 17.34 points higher after losing 3.4 points Friday. Trading on the Ho Chi Minh Stock Exchange increased by nearly 21 percent to VND12.32 trillion ($529.7 million). The VN-30 basket, comprising the 30 largest capped stocks, surged to the highest in a week with 26 tickers gaining. SSI of leading brokerage SSI Securities rose 6.7 percent, extending its gaining streak to the fourth session in a row. NVL of real estate developer Novaland closed 6.5 percent higher, with trading value highest since last December. Other winners included PNJ of Phu Nhuan Jewelry, up 6.1 percent, and HPG of steelmaker Hoa Phat, up 5 percent. Four bucked the trend, led by VIC of Vietnam's biggest conglomerate Vingroup JSC with a 1.1 percent drop. The ticker is now at a 27-month low, having fallen 42 percent from its peak last April. VNM of dairy giant Vinamilk, and MWG of electronics retailer Mobile World both lost 0.6 percent. VCB of the largest state-owned lender Vietcombank … [Read more...] about Blue chip stocks hit weekly high