VN-Index briefly soars to 1,000 pointsBy Thanh Thom The façade of the Hochiminh Stock Exchange – PHOTO: THANH HOA HCMC – The benchmark VN-Index of the Hochiminh Stock Exchange briefly shot up to 1,000 points in the afternoon session today before it dipped below that level as some heavyweights came under strong selling pressure. With 171 stocks rising and 116 others sliding, the VN-Index gained 2.05 points, or a mere 0.21% at 995.54. There were over 244.4 million shares worth some VND5.1 trillion changing hands on the southern bourse, up 23.8% and 3% against the previous day, respectively. The local put-through market was active with over 38 million shares worth VND943.3 billion traded. Notably, agriculture firm HNG reported a high matching volume of over 24 million shares worth roughly VND380 billion. Among the top 10 heavyweights, dairy producer VNM slid a slight 0.1% at VND137,800 a share. Property giant VIC and brewer SAB dropped by 1% and 1.3% at … [Read more...] about VN-Index briefly soars to 1,000 points
Urgent runway renovation proposed for two key airports
Urgent runway renovation proposed for two key airports By Lan Nhi Aircraft are seen at Tan Son Nhat airport in HCMC - PHOTO: LE ANH HANOI – The Transport Ministry has urged the Government to upgrade the runways and taxiways of Tan Son Nhat and Noi Bai international airports that have suffered progressive deterioration, after the proposal for this renovation failed to be passed by the Government and the Finance Ministry. The Transport Ministry recently wrote to the Finance Ministry stating that the runways and taxiways at the country's two biggest airports were safe for operations but had exceeded their designed capacity, proposing renovations to ensure flight safety and uninterrupted operations. For example, serious cracks have developed on the surface of Runway 1B at Noi Bai while the concrete surface of Runway 07L/25R at Tan Son Nhat is suffering severe distortion and degradation. “It is necessary to carry out urgent repairs as these runways and taxiways are … [Read more...] about Urgent runway renovation proposed for two key airports
Vietnam could lose growth momentum: economists
Vietnam could lose growth momentum: economistsThe Saigon Times Daily Wooden furniture processing at a factory in Vietnam. Economists say the global economic situation has had an impact on the Vietnamese economy - PHOTO: DAO LOAN HCMC – Economists are anxious that the Vietnamese economy is on the verge of losing its growth momentum, heard attendees at a forum, reported the Vietnam News Agency. The National Assembly (NA) Office and the NA Economic Commission co-held the “Vietnam SocioEconomic Forum 2018: Current Situation and Prospects” in HCMC on September 18 and 19. The forum was aimed at providing vital inputs for NA deputies to prepare for the sixth sitting of the law-making body next month to examine the execution of the NA resolution on socioeconomic development for 2018, according to Le Bo Linh, vice general secretary and deputy head of the NA Office. He noted that short- and long-term factors at home and abroad have impacted the adoption of the … [Read more...] about Vietnam could lose growth momentum: economists
Cloud computing to help bolster growth of local SMEs
Cloud computing to help bolster growth of local SMEs By Chi Thinh Werner Vogels (R), vice president and chief technology officer at Amazon.com, and Nick Walton, managing director for the ASEAN region at AWS, speak with the press at Transformation Day 2018, held on September 18 in HCMC – PHOTO: CHI THINH HCMC – Cloud computing, also known as “the cloud,” is the delivery of on-demand computing resources comprising servers, storage, database or networking over the internet on a pay-per-use basis. It is expected to enable small and medium enterprise founders in Vietnam to innovate, bolster security and enhance agility, heard attendees at Transformation Day 2018. Addressing the event, which took place on September 18 in HCMC, Werner Vogels, vice president and chief technology officer (CTO) at Amazon.com, said that the cloud will enhance the capacity of local firms. In addition, Amazon Web Services Inc. (AWS), a subsidiary of Amazon.com, which provides … [Read more...] about Cloud computing to help bolster growth of local SMEs
VISA sees strong increase in transactions in Vietnam
VISA sees strong increase in transactions in VietnamBy Hung Le Truong Minh Ha, head of client relationship management at Visa Vietnam and Laos, gestures at a digital payments seminar in HCMC on September 19 – PHOTO: LE HOANG HCMC – VISA, the leader in digital payments, on September 19 announced that it has experienced strong electronic spending growth in Vietnam, with the number of transactions on its network increasing by 45% compared with the previous year and payment volume up nearly 37% (from June 30, 2017, to June 30, 2018). In addition, figures released by the network show strong growth in ecommerce spending, with transactions increasing by 44%. Truong Minh Ha, head of client relationship management at Visa Vietnam and Laos, shared the information at a digital payments seminar in HCMC on September 19. According to the company, Vietnam is going through a period of strong economic change, with the country’s businesses and citizens becoming more involved … [Read more...] about VISA sees strong increase in transactions in Vietnam