Signs of correction appeared quite early when selling orders were pushed up strongly among large-cap stocks. In the opposite direction, the reciprocal cash flow quickly poured into the market to help the VN-Index reverse after the ATO session. There was a time when the index easily surpassed 1,260 points. However, as soon as the VN-Index was about to pass this point, profit-taking orders in the group of large-cap stocks were placed heavily. On the other side of the electric board, although the buying order did not show any sign of weakening against the supply pressure, it was not strong enough to keep the VN-Index to stay green at the end of the trading session. Closing the trading session on August 10, the VN-Index dropped 2.35 points, or 0.19 percent, to 1,256.5 points. The difference between gainers and losers was not too large, with 246 losers, 210 gainers, and 77 unchanged stocks. However, the red color dominated the VN30 basket with 24 losers and six gainers, including VNM, … [Read more...] about VN-Index curbs rising trend as investors dump pillar stocks
Agony different modes
E-book “Vietnam in the Ho Chi Minh Era – A Television History” debuts
The book series is compiled on the basis of a documentary film of the same name which was aired in 2021. It was developed by the Vietnam National Documentary Film Studio in coordination with the PCC's Commission for Information and Education, and the Su That National Political Publishing House. The e-book features more than 1,000 video clips on historical events via images and sound, allowing audiences to easily access on various electronic devices with different technical infrastructure. In his speech at the event, Editor-in-Chief of Nhan Dan Newspaper Le Quoc Minh said the documentary series reflects systematically the development process of the Vietnamese revolution, which ushered in the Ho Chi Minh era - the most brilliant era in the nation's history. The publication of the book aims to widely popularise the film, contributing to educating people about the history and revolutionary tradition of the country, especially in schools and all-level education establishments, he … [Read more...] about E-book “Vietnam in the Ho Chi Minh Era – A Television History” debuts
Gusto Thai Restaurant earns second Thai SELECT award
On August 9, Thai Ambassador Nikorndej Balankura and commercial counselor of the Embassy of Thailand Taneeya Foocharoen were welcomed to attend the celebration to award the Thai SELECT certificate to Gusto Thai R estaurant at No. 9 Phan Chu Trinh street, Hoan Kiem district, Hanoi. Gusto Thai receiving the Thai SELECT award from the Thai embassy This event validates the authenticity and excellence of the Thai cuisine and service at the restaurant. Gusto Thai's founder, Pham Do Lan Phuong, told VIR , "When the Thai Embassy came unannounced to check, we were completely unaware and had not prepared anything. We greeted them as if they were typical guests." During a discussion with Ambassador Balankura, Phuong said that maintaining the originality of Thai food while adapting it to Vietnamese preferences is Gusto Thai's greatest challenge. Since the head chef of the restaurant is Thai, there are tight restrictions on the ingredients used in the recipes. The … [Read more...] about Gusto Thai Restaurant earns second Thai SELECT award
Building cities fit for human needs
The eighth edition of the biennial World Cities Summit returned to a fully in-person conference format at the Sands Expo and Convention Centre in Marina Bay Sands after a largely virtual summit last time out. At the event, numerous examples were outlined of global cities responding to urban challenges in terms of how to be more resilient, sustainable, and cohesive. The theme of this year’s summit, “Liveable and Sustainable Cities: Emerging Stronger”, was crafted to reflect the urgent and important imperative that economic growth can no longer be pursued at the expense of climate change and environmental degradation. Maimunah Mohd Sharif, executive director of the UN Human Settlements Programme said at the summit that the world has had enough policies, strategies, and innovations. “What we are lacking are actions and we need to act now. This is the time to support multilateralism,” Sharif said. “The pandemic woke us up to really look at the design and focus on housing, climate … [Read more...] about Building cities fit for human needs
Localisation the key for offshore venture victories
Vietnam only currently boasts wind farm projects in operation near the shores. Meanwhile, offshore equivalents are rather new. What does your company consider the challenges to be in the energy transition in the Vietnam market? Riccardo Felici, country manager for renewables consultants OWC Vietnam Every emerging market has challenges to overcome, and these cover different sectors of the industry. Our benefit is to have seen these challenges in several emerging markets such as Taiwan, Japan, South Korea, and Poland. The main challenges that can be foreseen for a truly offshore industry development are policy stability, including remuneration schemes, power grids, and supply chain. Offshore projects are complex projects developed from several miles up to a hundred miles off the coasts. The benefit is better wind resources and larger spaces that allow for very large turbines to be installed. As the size of the projects is significantly larger than onshore projects, … [Read more...] about Localisation the key for offshore venture victories
Education investment dips increasingly into edtech
Clevai, a Vietnamese after-school tutoring platform for K-12 students, last month was the first edtech startup in Vietnam to be selected as an emerging giant in Asia-Pacific 2022 by HSBC and KPMG, based on estimated company value, total venture capital received, and future growth potential. The joint report highlighted 10 emerging giants in Vietnam that will make a lasting impact on the regional and global landscape over the next decade. Last September, Clevai raised $2.1 million in a pre-Series A funding round led by Singapore-based Altara Ventures. In the same year, English-learning platform Educa raised $2 million from Redefine Capital Fund. After-school learning app Marathon also reported securing $1.5 million in pre-seed from numerous funds and angel investors, including Singapore’s Forge Ventures. Educational cooperation has always been one of the highlights of the relationship between the two countries, with active participation from both the private and public … [Read more...] about Education investment dips increasingly into edtech