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A worker collecting latex in a rubber plantation of Vietnam Rubber Group (GVR)'s member in Chu Pah District, Gia Lai Province. The company shares posted the biggest losses yesterday. — VNS/VNA Photo Shares inched down on Wednesday, weighed by strong selling pressure across most sectors despite gains in some large-cap stocks. The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) declined by 0.22 per cent to 1,376.87 points. The market's breath stayed negative with 298 stocks falling, while 94 stocks rose and 51 ended flat. The liquidity was high as more than 710.77 million shares were traded on the market, worth over VND21.1 trillion (US$528.6 million). The market was weighed by selling forces despite rallies in large-cap stocks, especially bank stocks. The VN30-Index, which tracks 30 biggest stocks in market capitalisation on HoSE, climbed slightly 0.02 per cent to 1,489.53 points. Twenty stocks of the VN30 basket plummeted, while only nine jumped and one … [Read more...] about Market falls on strong selling forces

KAB is looking to capitalise on the growing energy demand in Vietnam As reported by Focus Malaysia , KAB Energy Power and Janakuasa will form a special purpose vehicle to scoop up the majority stakes in three hydropower plant projects in the country with an aggregate installed capacity of 180MW. The projects have existing power purchase agreements (PPA) with Electricity of Vietnam (EVN) which will expire between January 2030 and 2039. They have commenced commercial operations between 2015 and 2019 Janakuasa, an established private energy investor based in Malaysia and Singapore, is a leading investor in thermal power and renewable energy in Vietnam. Janakuasa has been developing the Ecotech wind farm project since 2015. To date, Janakuasa has over 1,000MW of power projects under construction in Vietnam and a further 300MW of wind and 200MW of mini hydro projects in development. Janakuasa is teaming up with its partners to construct two power plants in Vietnam, including a … [Read more...] about Malaysia’s KAB ventures into Vietnam’s renewable energy market

Local stocks experience gloomy trading day The Saigon Times An investor browses his mobile phone while sitting in front of stock information screens. The local stock market ended lower today, June 23 - PHOTO: VNA HCMC – Thanks to the support of securities stocks and largecaps in the banking sector, the benchmark VN-Index of the HCMC stock market only fell slightly amid lackluster trading today, June 23. At the close, the main index shed 3.1 points, or 0.22% against the previous session at 1,376.87, with 94 stocks rising and up to 298 others dropping. Turnover on the southern bourse continued its downward trend, contracting 4.8% in volume and 5.7% in value at over 710 million shares and more than VND21 trillion. Shares traded in block deals contributed VND2.050 trillion to the overall value. In the group of bank stocks, largecaps extended rally which helped the VN-Index to avoid a deep decline. Private lender VPB was the biggest winner as it soared 4.5% with … [Read more...] about Local stocks experience gloomy trading day

HCMC to impose e-health declaration mandate starting tomorrow The Saigon Times Passengers make health declarations at the Noi Bai airport in Hanoi. All residents in HCMC are required to make electronic health declarations starting tomorrow, June 24 - PHOTO: VNA HCMC – All residents in HCMC are required to make electronic health declarations starting tomorrow, June 24, to serve the fight against Covid-19, which is showing no signs of abating in the city. Duong Anh Duc, vice chairman of the municipal government, has sent a dispatch to departments, agencies, the authorities of Thu Duc City, and districts regarding the citywide electronic health declaration mandate. Duc said that HCMC had launched the “Electronic Health Declaration System” which can apply to all medical facilities in the city, aimed at facilitating contact tracing activities. To continue enhancing the effectiveness of the e-health declaration system in the anti-virus fight, the city asked all … [Read more...] about HCMC to impose e-health declaration mandate starting tomorrow

Massive ring selling smuggled goods via livestreaming in northern region busted The Saigon Times Tran Huu Linh (R), head of the Vietnam Directorate of Market Surveillance, inspects a product at a warehouse in Hanoi – PHOTO: VIETNAM DIRECTORATE OF MARKET SURVEILLANCE HCMC – The Vietnam Directorate of Market Surveillance on June 22 raided eight warehouses and business facilities in Hanoi and Hung Yen Province, seizing around 40 tons of smuggled goods stocked by vendors for being sold via livestreaming. The raid was led by Tran Huu Linh, head of the Vietnam Directorate of Market Surveillance, in coordination with the Hanoi City police. The forces confiscated hundreds of thousands of products without a clear origin, mainly cosmetics, fashion items and household appliances that were offered for sale via livestreaming. The first team directly led by Tran Huu Linh raided a large-scale warehouse owned by Tran Tien Quang. The owner reportedly imported the products from … [Read more...] about Massive ring selling smuggled goods via livestreaming in northern region busted

Vietnam has 85 new Covid-19 cases The Saigon Times Medical workers conduct Covid-19 tests. The Ministry of Health this evening, June 23 reported 85 fresh Covid-19 cases, including three imported cases in Tay Ninh and Kien Giang and 82 domestic ones - PHOTO: VNA HCMC - The Ministry of Health this evening, June 23 reported 85 fresh Covid-19 cases, including three imported cases in Tay Ninh and Kien Giang and 82 domestic ones, taking the country’s tally to 13,947. Among the latest locally-infected cases, HCMC accounted for the most, 61, followed by Danang City with six, Nghe An with five, Bac Ninh with four, Long An with three, Kien Giang with two and Bac Giang with one. Since the fourth wave of the coronavirus, which began on April 27, the country has reported 10,657 domestic cases, with 2,910 patients having recovered from the disease. In another development, the Tien Giang Center for Disease Control this afternoon reported six suspected Covid-19 cases in Tan … [Read more...] about Vietnam has 85 new Covid-19 cases