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
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Hanoi greets nearly 31,500 foreign tourists during SEA Games 31
As of May 23, 18 hotels in Hanoi had accommodated more than 5,600 Vietnamese and foreign delegates, referees, athletes and reporters. In addition, other accommodation facilities stood ready to welcome tourists travelling to Hanoi during the Games. The Department of Tourism asked relevant agencies to roll out new tourism products at the capital city’s famous attractions such as the Hoan Kiem Lake pedestrian zone, Thang Long Imperial Citadel and Bat Trang pottery village. Images of Hanoi and preparations for SEA Games 31 were promoted on the department’s portal and websites on Hanoi tourism as well as TV channels and social media. Director of the department Dang Huong Giang said it has organized numerous events and festivals for SEA Games 31, namely Hanoi gift festival and Son Tay - Xu Doai Tourism Year. She affirmed that the capital’s tourism sector has fulfilled assigned tasks for hosting the regional sporting event, which contributed to attracting foreign tourists and … [Read more...] about Hanoi greets nearly 31,500 foreign tourists during SEA Games 31
Aviation industry needs more financial help to recover
An aircraft of Vietnam Airlines at Buôn Ma Thuột Airport in Đắk Lắk Province.— VNS Photo Thanh Hải Viet Nam needs policies to support and remove difficulties for domestic airlines to regain their growth momentum in the post-COVID recovery period, transport experts said yesterday. At the seminar "Restoring and developing Viet Nam's aviation industry in a new context" organised by Communist Review, in collaboration with the Ministry of Transport (MoT), experts said the air transport industry has been seriously affected and they urge the government to create the market and the development corridor as a key to return to the growth trajectory of the aviation industry. Dinh Viet Thang, director of the Civil Aviation Authority of Viet Nam (CAAV) said: “The COVID-19 pandemic has delayed the development of the aviation industry and caused negative consequences for units in the air transport chain, especially the national airline Vietnam Airlines.” He added Viet Nam's aviation market … [Read more...] about Aviation industry needs more financial help to recover
Great Place to Work Vietnam introduces Certification methodology
Great Place to Work®, the global authority on workplace culture held its inaugural Vietnam Best Workplaces event on May 12 at Sofitel Saigon Plaza with the theme People-First, Purpose-Driven , acknowledging the approach that companies have adopted in their workplace practices over the past year. The event was attended by 120 participants, including Vo Tan Thanh, vice-chairman of the Vietnam Chamber of Commerce and Industry, and Delphine Rousselet, executive director of the European Chamber of Commerce in Vietnam. In the welcome speech to the audience, Evelyn Kwek, managing director of Great Place to Work ASEAN and ANZ said, “The best way to do great business and take care of our customers is to take care of our people first. “When we are purpose-driven, the company is here to do more, a lot more than just make money; we’re here to take care of each other, respect each other, build great teams, and help each other perform in a way that is better for people, better for business, … [Read more...] about Great Place to Work Vietnam introduces Certification methodology