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
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Vietnam continue ruling SEA Games women’s football with third consecutive title
The Vietnam women’s football team have wrapped up their 31st Southeast Asian (SEA) Games campaign in style after grabbing a 1-0 victory against archrivals Thailand in the title match on Saturday night to successfully defend their gold medal at the region’s largest sporting event. The game at northern Quang Ninh Province’s Cam Pha Stadium, which was fully filled with 16,020 spectators, was Vietnam’s ninth consecutive SEA Games final and the sixth in a row for Thailand. After the hosts dominated in the first 15 minutes, Thailand started pushing forward. No goals were scored despite many chances created by both sides in the first half. Vietnamese (in red) and Thai players vie for a ball during their women's final at the 31st Southeast Asian (SEA) Games at Cam Pha Stadium in Quang Ninh Province, Vietnam, May 21, 2022. Photo: Tuoi Tre Vietnam opened the scoring 14 minutes after the restart despite pressure from Thailand. Duong Thi Van won the ball back in the … [Read more...] about Vietnam continue ruling SEA Games women’s football with third consecutive title
Vietnam to introduce national development strategies at 2022 Davos WEF
Vietnam attended four WEF annual meetings at prime ministerial level in 2007, 2010, 2017 and 2019, and joined the WEF on ASEAN at prime ministerial level four times in 2012, 2013, 2014 and 2017. (Photo: AFP/VNA) This will be one of the major multilateral foreign relations activities of Vietnam in 2022, especially in the context that the annual meeting of this major global economic forum has been postponed over the past two years due to Covid-19, according to Ambassador Le Thi Tuyet Mai, Permanent Representative of Vietnam to the United Nations, the World Trade Organization (WTO) and other international organizations in Geneva. She said that since Vietnam and the WEF set up their relationship in 1989, leaders of both sides have paid great attention to the promotion of bilateral ties in many fields. Vietnam attended four WEF annual meetings at prime ministerial level in 2007, 2010, 2017 and 2019, and joined the WEF on ASEAN at prime ministerial level four times in 2012, 2013, … [Read more...] about Vietnam to introduce national development strategies at 2022 Davos WEF
SEA Games 31: Vietnam grabs gold medal in men’s singles table tennis
This is the most awaited match by table tennis fans at the regional sports event. Tuan was the last hope of gold of the Vietnamese table tennis team after his teammates lost in all six out of seven events at the tournament. The Thai player had two points ahead of Tuan at the beginning of the first set. However, with his calmness, confidence, and solid defense, Tuan made good use of his "right-handed" attacks and won the first set 11-7. He went on to win the second set with a score of 11-9. In the third set, Sanguansin returned strong and beat Tuan 11-8. However, Tuan reversed the situation and defeated the Thai rival 11-7 in the fourth set and 13-7 in the last set. With this triumph, the Vietnamese table tennis team completed the gold medal target set for the tournament. Thailand dominated the table tennis competitions at SEA Games 31, taking gold in the men's team, women's team, women's doubles and women's singles. Singapore took the title in the men's doubles and mixed … [Read more...] about SEA Games 31: Vietnam grabs gold medal in men’s singles table tennis
Vietnam to introduce national development strategies at 2022 Davos WEF: Ambassador
This will be one of the major multilateral foreign relations activities of Vietnam in 2022, especially in the context that the annual meeting of this major global economic forum has been postponed over the past two years due to COVID-19, according to Ambassador Le Thi Tuyet Mai, Permanent Representative of Vietnam to the United Nations, the World Trade Organization (WTO) and other international organizations in Geneva. She said that since Vietnam and the WEF set up their relationship in 1989, leaders of both sides have paid great attention to the promotion of bilateral ties in many fields. Vietnam attended four WEF annual meetings at prime ministerial level in 2007, 2010, 2017 and 2019, and joined the WEF on ASEAN at prime ministerial level four times in 2012, 2013, 2014 and 2017. The country hosted the WEF on ASEAN in 2018, the WEF on Mekong in 2016 and the WEF on East Asia in 2010. The first WEF's Country Strategic Dialogue on Vietnam was held on October 29, 2021 in the … [Read more...] about Vietnam to introduce national development strategies at 2022 Davos WEF: Ambassador
Vietnam, Cuba promote cooperation in justice
A delegation of Vietnam’s Supreme People’s Court led by Deputy Chief Justice Nguyen Van Du paid an official visit to Cuba from May 18-21 to promote cooperation between the two court sectors and attend the 10th International Meeting on Justice and Law. At a working session with the Chief Justice of Supreme People's Court of Cuba, Rubén Remigio Ferro, the Vietnamese deputy chief justice informed the host on the main reforms in the Vietnamese court system in the recent past, including enhancing the publicity of sentences, improving judicial service quality for the public and modernising material conditions. An overview of the meeting (Photo: VNA) He stressed that in its judicial reform strategy, the Vietnamese State aims to enhance the capacity of judges, build electronic courts and intensify international experience exchange. The Cuban chief justice also shared the orientation for the modernisation of the Cuban court system, and noted the similar points in the … [Read more...] about Vietnam, Cuba promote cooperation in justice