Why bright spot in vision

Around $200 billion is now in tumult after a succession of days of network congestion and the news about the required increase in minimum trading lot from 100 to 1,000 shares on the HCM City stock market. Nguyen Giang, owner of The Way Coffee, completed the procedure to open an account at SSI Hanoi Branch after hearing that the HCM CIty Stock Exchange (HOSE) was planning to increase the required minimum trading lot from 100 shares to 1,000 shares. The reason behind the plan, as explained by Le Hai Tra, HOSE’s CEO, was to ease the overload. However, this was not good news for many investors, including Giang. Because of Covid-19, he no longer can work as an outbound tour guide, which he did for 10 years. In 2020, he opened a street coffee shop. However, the third Covid-19 outbreak once again affected his business. Giang then decided to make financial investments as he has confidence in the bright prospects of the stock market. However, the calculations of the investor may fail because of HOSE’s tentative policy. If the tentative policy takes effect, Giang will have to spend VND100 million at least for every purchase transaction of VIC (Vingroup), VJC (Vietjet), VCB (Vietcombank) and VNM (Vinamilk). If buying SAB (Sabeco), he would have to spend VND180 million at least, and ifor VCF (Vinacafe Bien Hoa), he would have to spend VND240 million. These are very large amounts of money compared with Giang’s investment plan. However, Tra said the policy, once applied, would bring benefits. It would not only help ease congestion thanks to the reduction of 40-50 percent in number of transactions, but would also better protect small investors. Nguyen Duy Hung, president of SSI, also commented that this is the best choice for now to maintain the system’s operation. However, many experts and securities companies don’t share the same view. They have warned that the policy isn't in line with stock market development and discriminates against small and …

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The Hanoitimes - With the relocation of the capital and a comprehensive reform, Ly Cong Uan (King Ly Thai To) and his descendants succeeded in building a strong nation. Peaceful ascension to the throne The kings of the Early Le Dynasty, founded in 980, embarked on effective reforms to stabilize the political and economic situation. However, the decease of king Le Dai Hanh in 1005 led to infighting within the royal family for succeeding him. In the end, Le Dai Hanh’s fifth son, Le Long Dinh, defeated other princes to claim the crown. However, the brutal struggle that he fought for the throne caused resentment among the people. The statute of Ly Cong Uan in Hanoi. Photo: Jenna Duong. In 1009 when Le Long Dinh died at the age of 24 and his children were very small, Ly Cong Uan, a talented dignitary was supported by other court officials to ascend to the throne, peacefully seizing power from the Le. It is known as the most peaceful change of dynasty in the country’s history. From moving the capital to reforming the country Ly Cong Uan was crowned in the context of a serious political and socio-economic crisis and the threat of invasion from the Chinese Song dynasty. He was determined to end the political crisis that lasted through several reigns and bring stability to his kingdom. His  first decision as king was to move the capital from Hoa Lu (Ninh Binh) to Dai La (Hanoi now). Hoa Lu was chosen by King Dinh Tien Hoang (924-979) as seat of his court to suit the needs of defending the nation in the early days after the civil wars. It was more appropriate for defense purposes as it is located in a low land surrounded by limestone mountains. However, it was difficult to develop an urban city here as traffic was inconvenient and its location is too distant from the thriving economic centers in the Red River Delta. In autumn of 1010, King Ly Thai To decided to move the capital of the kingdom to Dai La, mindful that the place …

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The Hanoitimes - The number of tourists to Hanoi dropped 91.2% from April 30 to May 2 compared to the same period of 2019. During this year’s holiday season, Hanoi welcomed just 1,123 international tourists, a decrease of 97.7% compared to the same period of last year, data of the municipal Department of Tourism showed. Most of them have been stranded in the city due to the Covid-19 pandemic, according to the Immigration Management Division of the Hanoi Municipal Police Department. They came from 50 countries and territories in Asia, Europe, the Americas and Oceania. International tourists in Temple of Literature before the order of closure for tourist destinations. Photo: Lai Tan From April 30 to May 2, tourist arrivals to Hanoi plunged 91.2% over the same period in 2019 to 21,123. Total revenue from tourism reached VND68 billion (US$2.9 million) during the three days, down 84.4% inter-annually. From April 30 to May 3, the prices of hospitality services remained unchanged. The average occupancy of three- to five-star hotels reached about 13.4%. It's noteworthy that hospitality businesses around Hanoi, especially those in Son Tay and Ba Vi, saw demand for their services increase on the national holidays of April 30 and May 1, according to the Hanoi Tourism Department. As the social distancing order was loosened, many local residents wished to spend their leisure time at facilities near Hanoi. Some resorts in the city's outskirt reached occupancy rate of 65%, in the case of Asean Resort, or 60% of Tan Da and 30% of Khoang Xanh, the vacation spots nearby. Despite reopening before the holiday season of April 30 and May 1, shopping malls and catering facilities witnessed experienced a 90% drop in visitors from the same period of 2019. The number of tourists coming to the places of interest including the Hanoi Old Quarter Cultural Exchange Center, Hanoi Ancient House at 87 Ma May street, Hanoi Book Street, Bao Son Paradise Park, Ba …

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