Amid share price

Two traders at the trading floor of DSC Securities Co in Ha Noi. Investors can consider selectively disbursing and accumulating stocks with growth prospects in the third quarter of 2022. — VNA/VNS Photo Vietnamese shares are forecast to continue their upward trend this week as profit-taking pressure is cooling down significantly. On the Ho Chi Minh Stock Exchange, the VN-Index rose 0.82 per cent to close Friday at 1,262.33 points. An average of 99.2 million shares was traded on the southern exchange during each session last week, worth VND1.9 trillion (US$81.2 million). Since setting a bottom of around 1,140 points at the beginning of July 2022, last week was the 5th week of the VN-Index's continued upward recovery and this index has surpassed the threshold of 1,260 points, said Sai Gon-Ha Noi Securities JSC (SHS). According to analysts, foreign investors continued to be net buyers, especially on HOSE, where foreign investors had the 4th consecutive week of net buying, … [Read more...] about Shares to keep upward trend this week: brokers

Budget eateries offering each meal at a mere VND1,000 (US$0.04), VND5,000 ($21), or for free in Ho Chi Minh City are warming the hearts of low-income workers and disadvantaged people amid surging goods prices. Situated at 317 Trung My Tay 13 Street in District 12, Ho Chi Minh City, the eatery run by Tran Thi Dung and her husband serves offal porridge for disabled and elderly people and lottery ticket vendors. Tran Thi Dung recounted that three years ago, her husband was severely injured in a traffic accident so she took him to their hometown for care and treatment. When he was in good health again, they returned to the city to do business. The couple decided to open a low-cost eatery as a way to lend a helping hand to the underprivileged. “We charge no money to customers who are disabled and sell lottery tickets, but some still pay VND5,000 for their meal as they don’t want to be indebted to anyone. “Receiving their thanks for our acts makes me happy and indefatigable.” … [Read more...] about Low-cost meals for the underprivileged in Ho Chi Minh City

VABA asks relevant authorities to study and adjust the domestic ceiling price bracket for airlines to promote the recovery of the industry. — Photo a family.vn The president of the Viet Nam Aviation Business Association (VABA) has proposed to adjust the ceiling fare for domestic airlines to promote the industry's recovery. At a national conference between the Prime Minister and businesses last week, VABA's chairman Pham Viet Dung said: "Viet Nam's aviation market is growing rapidly on the recovery trend but not evenly in all segments." The domestic market has fully recovered compared to before the pandemic. In contrast, the international market has recovered very slowly, said Dung, mentioning domestic passenger transport increased by 12 per cent compared to 2019, global freight increased, but household goods decreased. However, revenue was disproportionate due to increased fuel prices and some input prices, airlines still suffered losses, and liquidity did not improve much, … [Read more...] about VABA proposal raising domestic airfare ceiling

Cashew exports saw two-digit drops in the first seven months of this year. — Photo baochinhphu.vn The cashew industry should focus on markets in which Viet Nam had signed trade deals to take advantage of preferential tariffs and expand exports as inflation had pushed up the prices of raw materials and forced people to tighten spending, according to the Viet Nam Cashew Association. Cashew exports saw two-digit drops in the first seven months. Statistics of the Import-Export Department under the Ministry of Industry and Trade showed that cashew exports were estimated at 294,000 tonnes, worth US$1.76 billion in January-July, dropping by 10.5 per cent in volume and 12.1 per cent in value against the same period last year. While the average export price increased by 1.45 per cent against the same period last year to $5,792 per tonne, the price of raw cashews rose by 15-20 per cent. The department predicted that cashew exports would continue to struggle in the third quarter due … [Read more...] about Cashew industry urged to focus on markets with FTAs