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Although all the micro-economic and macro-economic advantages are available, it seems that there is no key catalyst for trending towards a new growth level at the stock market. Profits vary Initial statistics show that around 600 corporations have made public their financial statements in the second quarter of 2022. The number could be a bit higher if all the estimated figures were actively made public. Figures will continually be updated over the next few days, but the sales and profits of listed corporations will rise positively. For instance, as estimated by Vndirect Securities Corporation, considering 590 corporations listed by 26 July the total sales and profits in the second quarter increased by 25.3% and 17.9% respectively, over the same period last year. Stocks with high capitalization of more than VND 10,000 bln have recorded an average of 34.3% increase in sales and 24.9% in net profits. It is certainly normal for the stock trading market to have dark and bright … [Read more...] about Stock market showing no indication of growth

The work so far has advanced by 75%, whose elevated section (Nhon – Cau Giay) has been completed by 95%. The Nhon - Hanoi Station metro line is expected to be completed by December 31, 2022, and contractors are requested to halve the construction time of the underground section, originally scheduled for 2027. Prime Minister Pham Minh Chinh and leaders of Hanoi during the visit. Source: VGP Prime Minister Pham Minh Chinh urged to accelerate the metro line construction during a site visit today [August 7]. The Nhon – Hanoi station metro project with financial backing from the French Government, the French Development Agency (AFD), and the European Investment Bank (EIB) has a total length of 12.5 kilometers, running through eight elevated and four underground stations. Prime Minister Chinh and delegations on board a train. A report from the Hanoi Project Management Board of Urban Railway noted the metro line project was launched in … [Read more...] about PM expects Nhon – Hanoi station metro line to be completed by late 2022

A picutre of District 7 in HCM City where located many office buildings. The hybrid working in Viet Nam and the Asia Pacific region is accelerating. — Photo Courtesy Cushman & Wakefield Vietnam The popularity of hybrid working in Viet Nam and the Asia Pacific region is likely to accelerate as Generation Z – those born between 1997 and 2012 – accounts for a larger percentage of the working-age population, experts said. Gen Z, which will reach one billion by 2030, is the first generation of digital natives. They expect a seamless connection between the physical and the digital, which is also what allows hybrid working to flourish. A report by Cushman & Wakefield titled “Asia Pacific Office of the Future Revisited” revealed that the majority of office workers in Asia Pacific, including Viet Nam, want to be more flexible in the way they work. Hybrid working is not a new concept, but it was relatively foreign to the masses before the COVID-19 virus hit. A hybrid office is … [Read more...] about Hybrid working grows in popularity in Asia

Spain's Ultima Hora newspaper reported Sunday that the Provincial Court of Palma decided August 3 to return the passports of two Vietnamese citizens accused of "sexually abusing a 17-year-old minor." No additional information was reported about the conclusions drawn by investigators or the court. On June 28, two Vietnamese citizens were arrested on the island of Mallorca in the Balearic Islands, Spain, for allegedly raping a 17-year-old British girl. A spokesman of the Mallorca police department told VnExpress on July 1 that two Vietnamese men, 42 and 38 years old, had been arrested over sexual assault allegations. He refused to disclose their identities and occupations. According to local media, the two Vietnamese male citizens were an actor and a musician. They appeared in court on June 28 and were granted bail, but their passports were confiscated by authorities. The British girl testified in court, confirming her previous testimony to the police. On June 28, she … [Read more...] about Spain returns passports to Vietnamese citizens accused of sexual assault

The Vietnamese manufacturing sector remained in growth territory at the start of the third quarter of the year, but there were some signs of demand softening, according to a survey released on August 8 by S&P Global. Illustrative image (Photo: VNA) S&P Global said the Vietnam Manufacturing Purchasing Managers' Index (PMI) remained above the 50.0 no-change mark for the tenth successive month in July, signalling a further strengthening of business conditions. That said, at 51.2, down from 54.0 in June, the index signalled a softer improvement. As such, output, new orders and employment all increased at weaker rates than in June. New orders increased for the 10th month running, but the rate of expansion eased to the weakest since April. New export business rose solidly, meanwhile, and at a faster pace than total new orders. The continued growth of new orders encouraged manufacturers to keep expanding production in July. Output rose for the … [Read more...] about Vietnam’s manufacturing output continues to rise

For one, the oil and gas industry is under immense pressure to improve operational efficiency, productivity, and worker safety; maintain cybersecurity; and, simultaneously, reduce environmental impact. In order to solve these challenges, oil and gas companies are accelerating their digital transformation. Denis Brunetti, President, Vietnam and Myanmar Ericsson As they adopt use cases around automation, smart safety and environmental monitoring, the oil and gas industry is increasingly looking to advanced cellular connectivity to help drive efficiencies, while being more environmentally sound. The industry is expected to meet the global goal of net-zero carbon by 2050. According to a McKinsey study, the use of advanced connectivity to optimise drilling and production throughput and improvements in maintenance and field operations could add up to $250 billion of value for oil and gas upstream operations by 2030. Digitalisation enabled by cellular connectivity can … [Read more...] about 4G/5G wireless networks driving digitalisation across industries

As Vietnam steps into the post-pandemic era, experiences and learnings from the pandemic serve as a reminder of the importance of digital transformation and its crucial technology component. Eunjung Han, consultant at Rouse Legal Vietnam and vice chair of the Digital Sector Committee of the European Chamber of Commerce in Vietnam Despite COVID-19’s negative economic and social impact, Vietnam remains an attractive destination to European investors. According to the European Chamber of Commerce (EuroCham) 2021 White Book, Vietnam’s stable macro-economic climate, with inflation in the single digits, continues to increase investor confidence in the country’s trade and investment environment. Only adding to that, the EU-Vietnam Free Trade Agreement (EVFTA) is paving the way for continued foreign direct investment (FDI) from the EU and is viewed as a means for shared recovery and economic rebound. As the first comprehensive FTA between the EU and a developing country in … [Read more...] about EVFTA underpinning growth in Vietnamese tech market

A trader observing the market's movements on his computer. — Photo baodautu.vn After hitting a bottom of around 1,140 points in early July, the stock market had recovered for four straight sessions, with the benchmark VN-Index surpassing the threshold of 1,250 points. Notably, liquidity improved significantly last week and has now exceeded the recent 20-week average. This marked the second week of such an increase, showing that investors' interest is improving. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index ended the week at 1,252.74 points, down 0.11 per cent. Meanwhile, the HNX-Index on the Ha Noi Stock Exchange (HNX) closed higher, up 0.73 per cent to 299.9 points. For the week, the VN-Index rose by 3.85 per cent and the HNX-Index was up 3.91 per cent. Trading value on HOSE increased by 39.2 per cent from the previous week to VND83.1 trillion (US$3.5 billion), equivalent to a gain of 47 per cent in volume to more than 3.5 billion shares. On the northern bourse, … [Read more...] about Investors’ risk appetite continues to improve this week