Concerns about the sharp fall in Chinese steel prices is affecting the share prices of giant steel maker Hoa Phat (HPG). In recent weeks, the trading condition of Hoa Phat shares (HPG) has not been really positive as it has retreated continuously. Trading at VND43,000 per share in early October, HPG has slumped to only around VND33,000 per share recently, down 23 per cent. The company’s business performance showed positive results, completing the target plan in the first 11 months of this year. Its chairman Tran Dinh Long has revealed he will purchase more shares. However, HPG prices have not seen much progress. The deep correction of HPG shares has been driven by not only unfavourable market conditions but also by sharp declines in Chinese steel prices. According to VNDirect Limited Securities Company, Chinese steel prices are down 11 per cent since the start of November. Domestic steel prices have stayed largely flat over the same period but HPG’s share price has fall by … [Read more...] about Chinese steel prices falling affects Hoa Phat shares
Adt home security prices
Petroleum stocks gain on higher oil prices
Investors during a trading session at Sài Gòn Securities Inc in Hà Nội. — VNS Photo Trương Vị Viet Nam News HÀ NỘI — Petroleum and industries such as food and beverage and home appliance advanced on Monday but their growth was not enough to save the stock market from falling. The benchmark VN Index on the Hồ Chí Minh Stock Exchange was down 0.28 per cent to close at 955.89 points. The southern market index stepped down from its weekly growth of 3.45 per cent made last week. The HNX Index on the Hà Nội Stock Exchange dropped 0.30 per cent to end at 106.82 points. The northern market index gained 2.21 per cent in the previous trading week. Shares of the petroleum companies advanced as oil futures were lifted after a deal was reached last weekend between the Organisation of Petroleum Exporting Countries (OPEC) and a Russia-led company to cut production. On global trading, Brent crude rose nearly … [Read more...] about Petroleum stocks gain on higher oil prices
PM hosts Singapore’s Minister for Home Affairs
At the meeting between Vietnam's Prime Minister Nguyen Xuan Phuc and Singapore's Minister for Home Affairs and Minister for Law Shanmugam (Photo VNA) Hanoi (VNA) – The Government of Vietnam always supports and creates favourable conditions for Singapore’s Ministry of Home Affairs and Vietnam’s Ministry of Public Security to enhance cooperation in relevant fields, Prime Minister Nguyen Xuan Phuc affirmed at a reception for Minister Shanmugam in Hanoi on December 6. He highlighted the strategic partnership between Vietnam and Singapore and said that the two countries are expanding cooperation in all realms with Singapore being the third biggest foreign investor in Vietnam. The cooperation achievements that Vietnam and Singapore have gained over the past few years were significantly contributed to by the two ministries, he added. He suggested the two ministries increase consultation in addressing issues of mutual concern, contributing to the maintenance of peace, … [Read more...] about PM hosts Singapore’s Minister for Home Affairs
BKAV introduces 1st home security equipment with AI
The BKAV SmartHome company has launched security equipment integrating artificial intelligence for the first time in the country at a price of VND50 million (US$2,200). The BKAV SmartHome company has launched security equipment integrating artificial intelligence for the first time in the country at a price of VND50 million (US$2,200). It eradicates wrong warnings by distinguishing between owners and illegal intruders and auto shifts security levels based on need. BKAV SmartHome Security includes central security equipment, an electronic fence, sensors and an Internet Protocol camera system to monitor the home in real time. When the system discovers an illegal entry or a threat of fire or explosion, it will send various kinds of warnings such as turning on the light at site of the illegal entry, turning an alarm on and sending messages to or calling the home owners.– VNS … [Read more...] about BKAV introduces 1st home security equipment with AI
Sugar stocks underperform on low price, ATIGA challenges
Sugar company shares have underperformed in the last three months, contrasting with the general uptrend of the stock market and other sectors, thanks to large stockpiles and falling sugar prices. — Photo thoibaotaichinhvietnam.vn HÀ NỘI — Sugar company shares have underperformed in the last three months, contrasting with the general uptrend of the stock market and other sectors, thanks to large stockpiles and falling sugar prices. Việt Nam’s benchmark VN Index recently beat the historical high of 1,170 points with growth rates in many sectors such as banking-financial, energy, real estate and food and beverage. But sugar stocks have experienced a downtrend in the last three months, according to VNĐirect Securities Company (VNDS). Data from the Hà Nội-based securities firm showed that after increasing between December 25, 2017 and early January 2018, sugar stocks have suffered. Among the four sugar company shares tracked by … [Read more...] about Sugar stocks underperform on low price, ATIGA challenges