Why companies are listed on stock exchange

The index closed 1.4 points lower after gaining 15.9 points Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped 12.6% to VND15.9 trillion ($651.77 million). The VN30 basket, comprising the 30 largest capped stocks, saw 18 tickers fell. SSB of Southeast Asia Commercial Bank (SeABank) dropped 4.8% and STB of Ho Chi Minh City-based lender Sacombank fell 3.3%. VRE of retail real estate arm Vincom Retail closed 2.5% lower and SAB of brewer Sabeco declined by 2.3%. Ten blue chips gained, led by PLX of fuel distributor Petrolimex with a 3.3% increase. Foreign investors were net sellers to the tune of VND509 billion, mainly selling STB of Ho Chi Minh City-based lender Sacombank and GMD of logistics company Gemadept Corp. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.57% while the UPCoM-Index for the Unlisted Public Companies Market dropped 0.33%. … [Read more...] about Stock market stable after strong changes

Winners of the 2023 IR Awards as voted by financial institutions in the large capitalisation stock category at a ceremony in HCM City on September 28. — Photo of the organisers Fourteen listed companies received the 2023 IR Awards for having the best investor relations at a ceremony in HCM City on September 28. According to the organizers, the Vietnam Association of Financial Executives, Finance and Life e-magazine (FiLi.vn) and Vietstock (Vietstock.vn), the awards were based on a survey of compliance with information disclosure obligations by all 731 companies listed on the HCM City and Hanoi stock exchanges, and 364 of them had complied with all. Then, based on criteria such as liquidity, foreign investment, compliance in terms of financial transparency, successfully conducting the annual general meeting, corporate governance regulations, treasury stock and internal shareholder transactions, and filing ESG reports, 45 were nominated. In the final round, they were divided … [Read more...] about Listed companies receive awards for best investor relations

Honoured categories consist of Individual Investors Best Choice and Financial Institutions Best Assessment for the top three of large cap, mid cap, and small-micro cap firms. (Photo: VNA) HCM City (VNA) – Winners of the 2023 Investor Relations Best Practice Awards (or IR Awards ) were honoured at a ceremony held in Ho Chi Minh City on September 28. Co-organised by Tai Viet Joint Stock Company (Vietstock), Vietnam Association of Financial Executives (VAFE), and Finance and Life E-magazine (FiLi), the annual event recognised listed companies with the best IR practices of the year through quantitative screening, voting, and professional assessment. FiLi Editor-in-Chief Nguyen Nhu Hung said that the awards promote the business community's awareness of the role and importance of IR activities, improve information transparency and disclosure quality, and strengthen investor confidence in the Vietnamese stock market. This year, it saw the participation of 731 firms … [Read more...] about Winners of Investor Relations Best Practice Awards honoured

Logistics groups go green to add to net-zero goals, source: DHL Express DHL Express on September 19 onboarded Asia Commercial Joint Stock Bank (ACB) to its GoGreen Plus service to reduce carbon emissions for its time-definite international shipments through the use of sustainable aviation fuel (SAF). By investing in GoGreen Plus, it is estimated that ACB will be able to reduce 14 tonnes worth of total CO2 emissions within a 12-month period. The entire process is verified annually by an independent third-party agency. In addition, a complementary carbon footprint report will be updated monthly, detailing ACB’s overall emissions with DHL Express. Bernardo Bautista, general director and country manager for DHL Express Vietnam, said that the company believed that corporate social responsibility and business success go hand-in-hand. “Global sustainability and environmental protection are important for all of us, including our customers. With SAF as our key lever to effectively … [Read more...] about Logistics groups go green to add to net-zero goals

Hanoi takes a selective approach to attracting investment, prioritizing projects in high-tech, clean-tech, and environmentally friendly sectors. Hanoi will create conditions for domestic and foreign investors to develop the semiconductor industry in the city and the whole country, said Deputy Chairman of Hanoi People's Committee Nguyen Manh Quyen at the seminar "Development of Semiconductor Ecosystem and Connection for Investment in Hanoi" on September 27 in Hanoi. Delegates at the conference. Photo: The Hanoi Times He stated that the semiconductor industry is of great interest to the Government and the Prime Minister as it enhances Vietnam's participation in regional and global value chains and the development of high technology, electronics, semiconductors, financial centers and innovation. "Prime Minister Pham Minh Chinh encouraged US semiconductor companies to deepen and expand their investments in Vietnam at various stages, including infrastructure … [Read more...] about Hanoi encourages semiconductor investment

Experts at the seminar on copyright infringement in Việt Nam. — Photo courtesy of the organiser Việt Nam ranks third in the region in terms of copyright infringement rate, with 15.5 million people regularly accessing pirated websites. In 2022, the problem of copyright infringement cost the country US$350 million. Phạm Hoàng Hải, Director of the Authority of Broadcasting and Electronic Information, a unit under the Ministry of Information and Communications, said that currently, copyright infringement is extremely complicated. There are a series of pirated websites for football tournaments as well as movies. According to data from SimilarWeb, there are currently about 70 pirated football websites, with more than 1.5 billion views in the years 2022 and 2023. SimilarWeb's data also shows that there are more than 200 pirated movie websites attracting about 120 million views per month, of which the top 10 have more than 66 million views per month. In particular, recently it was … [Read more...] about Việt Nam loses US$350 million due to copyright infringement

Vietnamese tourists visit Tokyo Japan. Vietnamese are among those who crave holidaying abroad the most across Southeast Asia. — VNS Photo Thu Ngân Vietnamese are among those who crave holidaying abroad the most across Southeast Asia, according to GrabAds’s latest SEA Travel Insights 2023 report. In the report, 80 per cent of 1,500 Vietnamese survey respondents planned to have an overseas holiday, just slightly behind Thailand and Singapore at 86 per cent and 85 per cent, respectively, and ahead of the Philippines at 69 per cent, Malaysia at 64 per cent and Indonesia at 56 per cent. The survey shows that intent to travel remains strong across the region. Of those surveyed, 72 per cent of Grab users plan to travel abroad at least once in the next 12 months, jumping from just 39 per cent when borders reopened in 2022, indicating intent to travel has climbed by 84 per cent in just one year. While Thailand, Singapore and Malaysia lead the way in terms of destinations within … [Read more...] about Vietnamese itching to take leisure trips overseas