The market’s forward price-to-earning (P/E) ratio has declined from 14.1 to 10.9 since April, tracking the 23 percent drop by the benchmark VN-Index. The fund’s founder, Petri Deryng, said the crash came as "a complete surprise" as there was news of robust earnings growth and valuations were modest. Vietnam’s valuations are now irrational with a forward P/E ratio of 10.9 though Q1 earnings growth was 31 percent and the forecast for the full year is 19-29 percent, he said. Vietnam’s five-year historical rolling P/E has been 16.5, and even topped 20 during periods of strong earnings growth, he pointed out. "The outlook of the global stock markets cannot be ignored when assessing the possible timing of the bull runs of the Vietnamese market, but at these valuations Vietnam offers a stable economy and extremely cheap stocks," he said in a note published Thursday. Vietnam’s stock market was affected by the conflict in Ukraine and the fall of the Nasdaq, but the crash was mainly … [Read more...] about Vietnam stocks ‘extremely cheap’: Finnish fund
000 preventive healthcare workers vnexpress international
Needy people in border areas receive gifts
In particular, Army Corps 15 gave 70 gifts, worth VND 300,000 each, and Company 751 offered 140 others, worth VND 500,000, to 210 needy workers as part of the activities in response to the workers’ month in 2022. Speaking at the event, Head of the Mass Mobilization Commission and President of the Vietnam Fatherland Front Committee of Ia Grai district Tran Hoang Ha affirmed the significance of the activity. The local official said that the practical deeds of troops and workers of Army Corps 15 in general and Company 715 in particular have helped local people overcome difficulties and have a stable life. He added that Uncle Ho’s soldiers’ deeds have left good impression on local people. While visiting and presenting gifts to local people, the visiting delegation mobilized them to strictly observe the Party’s guidelines and State’s policies, contribute to the common efforts in preventing diphtheria and the COVID-19 pandemic, and join hand to protect social order, contributing to … [Read more...] about Needy people in border areas receive gifts
Room remains for boosting HCM City – Cuba cooperation
Mai and the Ambassador agreed to promote cooperation between the two countries in the fields of diplomacy, youth and cultural exchange. HCM City will offer 30-50 scholarships for Cuba students to visit and learn in the city each year as well as support the exchange of students between the two sides, the city official said. Mai suggested that the Cuban Ambassador pay attention to specific collaboration projects with the city in the fields of healthcare and teaching Spanish for the sake of cultural exchange. HCM City plans to hold several meetings this year to introduce potential cooperation areas between Cuba and the city, he said. For his part, the Cuban Ambassador said there is great room for cooperation and expressed his hope that HCM City will facilitate stronger collaboration between the two sides in the future. At present, Cuba is adopting many policies that can open up investment opportunities, he said, noting the hope that more businesses in HCM City take interest in … [Read more...] about Room remains for boosting HCM City – Cuba cooperation
“To buy or not to buy a house” an important question
While there are many young workers in cities who are working hard to own a house, there are also some people who have decided to give up this dream for certain reasons. Giving up a mental burden Huynh Anh Tuan, a city dweller of Phu Huu District in Thu Duc City, Ho Chi Minh City, who suffered from a sharp drop in income during the COVID -19 pandemic, decided not to pursue his dream of owning a home. When he gave up on the plan, he felt relaxed after the great pressure was gone. Tuan set a goal many years ago to own his own home before he turned 30. To that end, Tuan took on many freelance jobs after graduating from college and invested a small amount in stocks. In addition, an acquaintance promised to lend him VND500 million ($21,650) if he bought a house, which fueled his strategy over time, at least before the pandemic. Although he had such an ambitious plan, now, at the age of 28, Huynh Anh Tuan is changing his mind because of COVID -19. As a freelancer, Tuan has … [Read more...] about “To buy or not to buy a house” an important question
More lessons learnt from Xieng Khouang – Plain of Jars Victory in 1972
The victory proved the effective and timely collaboration between the Vietnamese and Lao forces and forces in the Southern theater in the strategic offensive in 1972, contributing to failing the “Vietnamization” strategy of the U.S. and the “Nixon doctrine.” It also reaffirmed that defensive is the obvious operation in the liberation war and added more theoretical and practical values to the art of combat at the operational level of Vietnam in the resistance war against the U.S. invaders. As the operation went, the Central Military Commission of Vietnam and the Lao side informed the Command of the Plain of Jars – Muong Sui Campaign about the intention: Right after the end of the offensive operation in the area, our forces would shift to the defensive posture at the operational level, ready to break down any counter-offensive operations of the enemy. With good preparation, by May 20, 1972, the coalition forces had completed the firm and continuous operational defensive disposition, … [Read more...] about More lessons learnt from Xieng Khouang – Plain of Jars Victory in 1972
Scientific seminar discusses Vietnam-China ties’ reality
PANO - The Ho Chi Minh National Academy of Politics on October 25 organized a scientific seminar, themed “Vietnam-China relationship: Reality and Issues”, under the chair of the academy’s Director Nguyen Xuan Thang who is also the President of the Vietnam-China Friendship Association. This was part of the activities in celebration of the 25 th anniversary of the normalization of the Vietnam-China ties. At the seminar A number of scientists, speakers, researchers, leading experts on foreign relations from the academy, the Vietnam Academy of Social Sciences, the Ministry of Foreign Affairs, the Party Central Committee’s Commission for External Affairs, academies and universities participated in the event. At the seminar, delegates discussed research results and multidimensional assessments on the 25 years of Vietnam-China relations, especially at the time when the political, economic, and defense-security situations in the region and the world as a … [Read more...] about Scientific seminar discusses Vietnam-China ties’ reality