Tech stocks hit the US market later Monday, thus putting pressure on Vietnamese shares in early trading on Tuesday. — Photo tinnhanhchungkhoan.vn Vietnamese shares fell sharply on Tuesday morning, hit by lower confidence following a turndown across global markets. The benchmark VN-Index on the Ho Chi Minh Stock Exchange dropped 1.21 per cent to end at 906.99 points. The southern market index gained 0.42 per cent on Monday. The HNX Index on the Ha Noi Stock Exchange fell 0.85 per cent to close at 102.49 points. The northern market index advanced 0.35 per cent on Monday. More than 101.6 million shares were traded on the two local exchanges, worth VND1.83 trillion (US$81.5 million). Tech stocks declined and hit the US market later on Monday, thus affecting Vietnamese markets in a negative way. Declining stocks outnumbered gainers by 274 to 130, while 77 other stocks ended flat. The large-cap VN30 Index fell 1.42 per cent to 875.58 points with 27 of the 30 largest stocks by market … [Read more...] about VN stocks retreat on global declines
Tieu Vy competes in Miss World Head-to-Head challenge
She was in the same group with representatives of Egypt, South Sudan, Bahama, Montenegro and India, which is considered one of the strongest groups in the competition. This year, the Head to Head Challenge is divided into two stages. In the first stage, contestants will have to answer 2 questions (one for individual, one for the whole group) given by the organizing board. Audience will vote for their favorite contestants, who will advance to the next stage, through Miss World’s social pages. In stage two, the winners from each group will face off, against another contestant, to earn their place in the Miss World Final 30. In the section, the contestants will show their skills as an advocate for their ongoing “Beauty with a Purpose" projects. … [Read more...] about Tieu Vy competes in Miss World Head-to-Head challenge
Boy facing fourth brain operation seeks help
A boy in the northern mountainous province of Son La has been prescribed to take the fifth brain surgery, but his family can’t afford the treatment fees. Nguyen Trung Hieu, 10, is now staying at K Hospital in Hanoi for encephalophyma. Hieu is now staying at K Hospital in Hanoi for encephalophyma Nguyen Thi Thuy, Hieu’s mother said that Hieu was born to be completely strong. In 2015 when he was in grade 1, he saw unusual symptoms. He was then diagnosed with encephalophyma. So far, he has experienced four brain surgeries. The disease has also caused him to be blind. The operations have left scars on his head, while his belly has swollen like a drum. So, it is quite hard for him to move; instead, he has to depend on his mother’s help for his. According to doctors, he will have to take another surgery to remove the remaining part of the tumour. “I want to recover as soon as possible to go to school. When I grow up, I want to become a car driver,” the … [Read more...] about Boy facing fourth brain operation seeks help
Vingroup dives into pharmaceuticals with 11 VinFa stores
With a series of locations in trade centers and large-scale urban areas, VinFa promises to become a heavy-weight competitor of Mobible World and FPT Retail in the pharmaceutical industry. The VinFa stores will sell Vingroup's Oriental medicine products Last weekend, Vingroup has launched the chain of 11 VinFa pharmaceutical stores in Hanoi, located next to Vinmart supermarkets or convenience stores in urban areas and apartment buildings. The local pharmaceutical retail market is large but has yet to saw the emergence of a dominant player. Perhaps this inspired Vingroup to launch VinFa right after the appearance of An Khang Pharma of Mobile World and Long Chau Pharma of FPT Retail at the end of 2017 and early this year. Following the success of the Vinmec Medical System and realising its expansion plan in the healthcare sector, in April 2018 Vingroup announced entering the pharmaceutical industry with the establishment of VinFa JSC. The conglomerate also invested into VinFa … [Read more...] about Vingroup dives into pharmaceuticals with 11 VinFa stores
Conversion of VAS financial statements to IFRS among Vietnamese firms
The PwC workshops attracted hundreds of business directors and financial-accounting experts The workshops, themed “Conversion of VAS financial statements to IFRS and new key points of IFRS in 2018/2019,” attracted more than 250 finance directors, heads of finance and accounting departments, chief accountants, and finance and accounting experts currently operating in Vietnam. At the workshop, PwC’s experts and a speaker from the Ministry of Finance shared their knowledge and practical experiences on coping with the challenges of converting VAS to IFRS, as well as gave updates on new key points of IFRS in 2018/2019. In fact, while IFRS is not yet mandatory in Vietnam, many companies have converted their financial statements from VAS into IFRS already. The adoption of IFRS is expected to become more common in the Vietnamese business community, not only to align with the IFRS roadmap in Vietnam but also for Vietnamese companies to attract foreign investors who may … [Read more...] about Conversion of VAS financial statements to IFRS among Vietnamese firms