Why is rewatching shows a sign of anxiety

A woman performs a transaction on mobile phone at Bao Viet Securities' office. — VNA/VNS Photo The stock market is expected to see more investment opportunities for the medium and long term in the second quarter of 2023, according to analysts. In its latest report, BSC Securities Company said that the market witnessed strong divergence among industry groups in the first quarter of the year. Particularly, the financial, material, and energy sectors all posted better performances than the benchmark VN-Index. The securities firm also lowers its GDP growth forecast to 5.8 per cent in the positive scenario, compared to 6.7 per cent in early 2023, and to 5.3 per cent in the negative scenario, the report said. Many signs show that production activity is weakening while the real estate industry is still facing many challenges. In the first four months of the year, import and export value growth also declined. However, the macro situation has shown some positive signs, as inflation … [Read more...] about Stock market sees signs of rallies in the second half

A woman performs a transaction on mobile phone at Bao Viet Securities' office. (Photo: VNA) Hanoi (VNS/VNA) - The stock market is expected to see more investment opportunities for the medium and long term in the second quarter of 2023, according to analysts. In its latest report, BSC Securities Company said that the market witnessed strong divergence among industry groups in the first quarter of the year. Particularly, the financial, material, and energy sectors all posted better performances than the benchmark VN-Index. The securities firm also lowers its GDP growth forecast to 5.8% in the positive scenario, compared to 6.7% in early 2023, and to 5.3% in the negative scenario, the report said. Many signs show that production activity is weakening while the real estate industry is still facing many challenges. In the first four months of the year, import and export value growth also declined. However, the macro situation has shown some positive signs, as … [Read more...] about Stock market sees signs of rallies in second half

A musical show marks the establishment of friendly cooperative between Vung Tau and Gunsan cities. (Photo: VNA) Ba Ria-Vung Tau (VNA) – A photo exhibition and a musical show were organised on May 27 in Vung Tau city, the southern province of Ba Ria- Vung Tau, to mark the first anniversary of the signing of a Memorandum of Understanding on the establishment of friendly cooperative relations between Vung Tau and Gunsan, Republic of Korea (RoK). On show are 90 works by photographers from the two cities, helping visitors understand more about the culture, daily life, nature, tourism, festivals, and local people, introducing the unique cultural features of Vietnam and RoK. The exhibition will run until June 4. The same day, artists from Vung Tau city and Gunsan city staged a special art performance. Kim Bong Gon, Director of Gunsan City's Department of Culture and Tourism, said the friendship and cooperation between the two cities have deepened through friendship visits and … [Read more...] about Photo exhibition, musical show marks Vung Tau – Gunsan anniversary

Many commented that the pace of institutional reform in some sectors and fields seems to be showing signs of slowing down. — VNA/VNS Photo The Government has stepped up the reform of administrative procedures, and cut business conditions and compliance costs for businesses in recent years. But the impact of the reform process has been always in question. Thousands of business conditions and administrative procedures have been abolished or simplified, greatly facilitating businesses. In particular, many commented that the pace of institutional reform in some sectors and fields seems to be showing signs of slowing down, affecting the post-pandemic recovery process. The General Statistics Office under the Ministry of Planning and Investment reported that the whole country had 78,900 enterprises registered for new establishment and returned to operation in the first four months of this year, a year-on-year decline of 2 per cent. However, up to 77,000 businesses withdrew from … [Read more...] about Removing policy bottlenecks to facilitate businesses

Police from Da Lat City in Vietnam's Lam Dong Province arrested a 33-year-old man on Sunday for brutally beating his lover’s three-month-old baby, resulting in severe injuries to the infant. Tran Hoai Thuong, residing in Ward 2, Da Lat City, was apprehended for hitting N.N.T.C., born on February 25, 2023, Colonel Tran Vinh Phu, head of the Da Lat police department, said on Sunday. The child was taken to the Lam Dong General Hospital while suffering intracranial lesions, forearm, femur and shin fractures, acute kidney injury, and liver failure. Thuong declared to police officers that he and Nguyen Phuc Hong A., the mother of the baby, are in a relationship. He regularly stays at A.’s rented room. Thuong got angry whenever C. cried, so he violently beat and slapped C.’s face. On April 14 and 15, Thuong boxed the child’s ears. Last Friday, he put a pacifier on the baby’s mouth and stuck adhesive tape on the child’s mouth to prevent her from crying. N.N.T.C., … [Read more...] about Man detained for brutally torturing 3-month-old in Vietnam’s Da Lat

Police in Dong Nai Province, southern Vietnam on Monday said they had prosecuted a case in which 198 villas and 290 detached houses were built illegally in Trang Bom District. Police officers made the move to investigate individuals and organizations involved in the development of the Tan Thinh Urban Area. They were charged with abusing positions and powers while on duty. The People’s Committee of Dong Nai Province earlier issued results of a comprehensive inspection into the project, whose investor is LDG Investment JSC based in Trang Bom District. The province introduced an 18.22-hectare land lot for the project in 2016 and gave its nod to LDG Investment JSC to develop the urban area in 2018 to meet local residents’ demand. However, the company failed to complete procedures to lease the land and convert the land use purpose. It has yet to get a construction license for the project either. Nevertheless, it constructed roads, a green park, rainwater and wastewater drainage … [Read more...] about Illegal construction of nearly 500 houses in Vietnam’s Dong Nai under investigation

Clients choose to buy Apple products in an Apple store in Ha Noi. — VNS Photo Doan Tung Many iPhone users are upset with Apple authorised service providers (AASP) in Viet Nam after their phones warranties were not honoured. Illegal modification is a reason that Apple authorised stores refuse to fulfil warranties. On the disclaimer of the warranty, Apple Vietnam does not specify any components that have been modified or replaced, according to Trung Duc, an iPhone user in HCM City. "I bought a genuine iPhone from an Apple reseller with a warranty so why should I have to take it to be repaired in another phone stores. My phone was bought with an original seal but Apple Vietnam said it was modified, which is ridiculous," said Duc. An unnamed person from AASP revealed to Zingnew.vn that many warranties between 2022 and 2023 for iPhone devices are denied by Apple Vietnam. Rejected devices were mostly iPhone 11 and iPhone 13 Pro Max. Thu Hien, a resident in Tan Binh district, HCM … [Read more...] about Apple stores in Viet Nam denied providing warranty to local users

Over the next few months, workers in areas like garments and textiles are bracing for bad news, photo Le Toan PouYuen Vietnam, a subsidiary of Taiwan-based Pou Chen Group, will lay off more than 5,700 workers in the next few weeks. The termination of labour contracts will be divided into two phases, with around 4,520 employees to be fired by the end of June and 1,225 others at the beginning of July. PouYuen, a company specialising in manufacturing leather and footwear, once boasted 100,000 employees at its peak. However, the number has declined drastically since the pandemic – it let go of more than 2,300 employees in February this year alone, and the total for the first five months of 2023 has reached nearly 8,000 people. The company has cited falling orders in the main export markets as the cause of the redundancies. It has also had to deal with customers offering prices at half of what they used to be. According to a socioeconomic report by the National Assembly Economic … [Read more...] about Employees at risk of losing livelihoods

"After sluggish GDP performance in the first quarter, Vietnam is still not out of the woods yet. In particular, we have not seen the light at the end of the tunnel on the trade front," HSBC analysts said in a recent report. Minister of Planning and Investment Nguyen Chi Dung said that the economy faces a number of challenges, including high inflation and tightened monetary policy globally. But although exports dropped 11.2% and imports fell 13% year-on-year last month, revenue from retail and services grew 11.5%, implying a rise in domestic consumption, data from the ministry showed. Total supply of goods at Ho Chi Minh City’s wholesale market in the five-day national holiday earlier this month rose 5.7% year-on-year, and consumption at supermarkets and malls surged, according to the city’s Department of Industry and Trade. Tourism also showed signs of recovery. Vietnam welcomed around 984,000 international tourists last month, taking the year-to-date figure up … [Read more...] about Retail, services shine amid cloudy economic outlook

A woman passing an electric board showing the market's movements. — Photo vietnamnet.vn The stock market is still consolidating above the support level of 1,060 points. If the level is held and liquidity remains positive, the benchmark VN-Index is likely to head towards 1,080 points, said experts. Last week, the market fluctuated despite news of another rate cut by the central bank. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) finished the week at 1,063.76 points, while the northern benchmark HNX-Index was at 217.64 points. For the week, the former slightly fell 0.3 per cent but the latter increased by 1.74 per cent. Foreign investors net sold more than VND2.2 trillion (US$93.7 million). Tien Phong Securities Corporation (TPS) said that the VN-Index marked a weekly loss after gaining for two straight weeks. However, the benchmark stayed above 1,060 points, meaning that the retesting of the downtrend starting from January has been successful and the market has a … [Read more...] about VN-Index likely to continue fluctuating