Passengers disembark a Vietjet aircraft. Vietjet (VJC) rose 0.9 per cent on Thursday. —Photo vietjet.com HÀ NỘI — Markets rallied for the second consecutive session on Thursday, partly thanks to the Fed’s Wednesday announcement that it would keep interest rates unchanged and forecast no cuts or hikes in 2020. The central bank’s move helped boost market sentiment, Saigon-Hanoi Securities Co said in its daily report. The VN-Index on the Hồ Chí Minh Stock Exchange (HOSE) rose 0.66 per cent to end Thursday at 968.17 points. Nearly 219 million shares worth almost VNĐ4.2 trillion (US$182 million) were traded on the southern market. The benchmark index increased 0.15 per cent to end Wednesday at 961.78 points. Market breadth was positive with 202 shares gaining and 127 declining. The large-cap VN30-Index soared by 0.74 per cent to stand at 884.80 points. Bank stocks expanded at the end of the trading session, supporting … [Read more...] about Fed’s signal of no rate hike boosts shares
What fed rate hike means
Financial Markets Domestic gold prices soar after Fed move The Saigon Times Daily Thursday, Dec 12, 2019,18:09 (GMT+7) Domestic gold prices soar after Fed moveThe Saigon Times Daily Customers shop at a local jewelry store. The sharp rise in global gold prices drove up domestic prices of the yellow metal today, December 12 - PHOTO: VNA HCMC – The sharp rise in global gold prices, triggered by the U.S. Federal Reserve's decision to leave interest rates unchanged with no plans to reduce them anytime soon, drove up domestic prices of the yellow metal today, December 12, the local media reported. The Fed held interest rates steady on Wednesday and signaled that it is not planning to change anytime soon. In northern Vietnam, Saigon Jewelry Company (SJC) quoted its gold price at VND41.27 million per tael for buying and VND41.52 million per tael for selling, up VND70,000 per tael for buying and VND80,000 for selling … [Read more...] about Domestic gold prices soar after Fed move
Doan Mau Diep, Deputy Minister of Labour, Invalids and Social Affairs, speaks to the Tiền Phong (Vanguard) newspaper about how Vietnam will revise the retirement age for workers or State employees. Retirement age increase necessary for Vietnam: ILO specialist Retirement age adjustment needs to be flexible: expert Doan Mau Diep. — Photo tienphong.vn How do you respond to a proposal that Vietnam would raise the retirement age for its workers while many people in the working age still can’t find jobs? It is a real fact that in any labour market, job positions are always bigger than the actual number of working people. Yet, in all countries, many people are still unemployed. Japan is a good example. According to a national survey, there is only one candidate for four working positions while the unemployment rate in Japan currently stands at 2.4 per cent. In the real labour market, the mismatch between supply and demand happens in all countries, and … [Read more...] about Why we have to increase the retirement age?
Corporate Vietnam Airlines’ direct flights to the U.S. face difficulties By Lan Nhi Thursday, Dec 12, 2019,15:10 (GMT+7) Vietnam Airlines’ direct flights to the U.S. face difficultiesBy Lan Nhi A Vietnam Airlines aircraft is seen gaining altitude. Vietnam Airlines is now the only air carrier in Vietnam that is eligible to operate direct flights to the United States, but it is facing insurmountable difficulties – PHOTO: VIETNAM AIRLINES HANOI – Vietnam Airlines is now the only air carrier in Vietnam that is eligible to operate direct flights to the United States after many years of preparation. However, the national flag carrier is facing insurmountable difficulties. Apart from winning the Category 1 rating, which means Vietnam’s civil aviation authority meets the International Civil Aviation Organization’s (ICAO’s) standards for personnel licensing, operations and airworthiness, … [Read more...] about Vietnam Airlines’ direct flights to the U.S. face difficulties
Vietnam is already negotiating with other countries and territories for assistance, said Dinh Viet Thang, director general of the Civil Aviation Authority of Vietnam (CAAV) at a conference on Wednesday. Taiwan and South Korea have agreed to grant Vietnamese airlines fifth freedom traffic rights, which would allow them to carry passengers and goods from their territory to a third country. The CAAV has been recognized by the U.S. as achieving a Category 1 rating, which means it meets the International Civil Aviation Organization’s standards for personnel licensing, operations and airworthiness. Technical capability is still an issue for Vietnamese carriers since to operate flights to the U.S. they would need long-haul aircraft. They would need to meet the ETOPS-180 standard for operating twin-engine aircraft across oceans, which requires them to fly for 180 minutes on just one engine. In the country, only Vietnam Airlines has achieved this standard. Carriers seeking to fly to the … [Read more...] about Vietnamese carriers flying to US will face fierce competition: aviation officials