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Unlike previous trading sessions, the demand for pillar stocks remained until the end of the trading session, instead of being sold off at G hour. The VN-Index rallied robustly by 14.57 points, or 1.2 percent, to close at 1,223.38 points. Although the VN-Index regained strongly, the number of winners and losers was quite balanced, with 224 advancers compared to 210 decliners. However, the number of gainers completely dominated the VN30 basket, with 26 gainers compared to four losers, namely HPG, KDH, PLX, and SAB. The driving force for the VN-Index continued to come from MSN, with an increase of 4.3 percent. The steadiness of MSN was the motivation for the rest of the stocks in the VN30 basket, such as GAS, VNM, FPT, VRE, VCB, TPB, STB, SSI, PNJ, and CTG. The bright spot in the trading session also included banking and securities stocks. After the previous series of corrections, this stock group simultaneously recovered thanks to the appearance of the bottom-fishing cash flow. … [Read more...] about VN-Index revives 15 points

The European Chamber of Commerce in Vietnam (EuroCham Vietnam) held a press conference on the Green Economy Forum & Exhibition 2022 on May 24 The “Green Economy Forum & Exhibition (GEFE) 2022” will take place from November 28 to 30 in Ho Chi Minh City. Delegates attend the press conference. Photo: EuroCham Vietnam At the press conference, EuroCham Vietnam members said that the goal of the event is to support Vietnam in fulfilling its COP26 commitments and the socio-economic development goals specified in its National Green Growth Strategy for 2021-2030. EuroCham encourages both foreign-invested enterprises in Vietnam and Vietnamese businesses to commit to a green growth roadmap. Tim Evans, CEO of HSBC, a member of the EuroCham Vietnam valued the Government of Vietnam’s determination in implementing the Strategy for the 2021-2030 period. Vietnam has gained some "green economy" achievements in comparison with some regional countries, he said. Some … [Read more...] about Green Economy Forum & Exhibition 2022 gathers sustainable initiatives for Vietnam

The famed river bridges of the Iranian city of Isfahan are a beloved tourist draw -- but much of the time their stone arches span just sand and rocks, not water. Women pose for a selfie along the bank of the Zayandeh Rood in Iran's central city of Isfahan on May 15, 2022 Drought and upstream water diversions have seen the Zayandeh Rood, "fertile river" in Persian, run dry since 2000, with only rare exceptions. Sitting on a quay with two friends, 60-year-old Jalal Mirahmadi gazed with melancholy at the riverbed, which became the site of a farmers' protest late last year. "When I was a child, the water flowed under the arches of the bridge and sometimes overflowed to spill into the surrounding streets," he sighed. The river runs nearly 400 kilometres (250 miles) from the Zagros Mountains in the west to Lake Gavkhouni in the east, making it the longest waterway in central Iran. On its way through Isfahan, it meanders under several beautifully crafted … [Read more...] about Iconic Iran river threatened by droughts, diversions

Businesses across Ho Chi Minh City have increased prices of essentials due to higher production costs despite consumer purchasing power having decreased by up to 25 percent, a survey of Tuoi Tre (Youth) newspaper has shown. Enterprises in Vietnam have issued warnings that food prices will continue to rise unless solutions are found to restrain surging food input costs, including raw materials, gasoline, and animal feed. As a case in point, cooking oil is now being sold 15-20 percent more expensive at supermarkets in Ho Chi Minh City than at the beginning of the year, and 70-90 percent higher than the price of 2020. Notably, Tuong An cooking oil now sells for VND60,000-160,000 (US$2.6-$6.9) per liter, depending on the type, while a set of 10 chicken or duck eggs is offered at VND33,000-VND38,000 ($1.4-$1.64) at traditional markets. The rates are about 20 percent higher than earlier this year, and nearly double those of last year, mostly owing to higher production costs and … [Read more...] about Purchasing power drops, food prices rise in Ho Chi Minh City