Billion wifi extender

The index stayed in the green for most of the day and closed 12 points higher at 1,240.76 points, extending the recovery streak started Tuesday with a record 4.81 percent gain. Trading on the Ho Chi Minh Stock Exchange fell marginally to VND13.84 trillion, a five-session low. The VN-30 basket, comprising the 30 largest capped stocks, saw 13 tickers dropped, led by TPB of private lender TPBank and SAB of brewer Sabeco. They both closed 2.4 percent lower. PDR of real estate developer Phat Dat dropped 2.1 percent, and FPT of IT giant FPT lost 2 percent. Other losers included VJC of budget airline Vietjet, down 1.8 percent, and SSI of leading brokerage SSI Securities, down 1.7 percent. Ten blue chips closed in the green, with MSN of conglomerate Masan Group and STB of HCMC-based Sacombank closing at ceiling price for the second straight session, gaining 6.9 percent. GAS of Petrovietnam Gas rose 4.06 percent, and TCB of private lender Techcombank climbed 3.4 percent. … [Read more...] about VN-Index extends recovery streak

The index started off in the green but gradually declined throughout the day and closed with a near 11-point drop, marking its third straight losing session. It has closed lower in six out of nine recent sessions, losing over 194 points this month. Trading on the Ho Chi Minh Stock Exchange, on which the index is based, fell by 28.4 percent to VND14.58 trillion ($631.3 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers gain, led by SSI of leading brokerage SSI Securities with a 5.8 percent rise. It was followed by PLX of fuel distributor Petrolimex, up 4.7 percent, and VRE of Vingroup's mall operator subsidiary Vincom Retail, up 3.8 percent. TPB of private lender TPBank gained 3.3 percent, and CTG of state-owned lender VietinBank rose 2.7 percent. Eleven blue chips fell, with MSN of conglomerate Masan Group and STB of HCMC-based lender Sacombank hitting floor prices and losing 6.9 percent. Other losers included BVH of insurance company … [Read more...] about VN-Index extends losses with last-minute sell-off

The 105 th Cargill Cares school is located in the province’s remote mountainous Muong Lat District which has an underprivileged and largely ethnic minority population, where the pre-existing school had been requiring urgent repair and expansion. No access to electricity, heating or cooling in an area prone to sub-zero winters, and absence of administrative support like clean washrooms, insufficient infrastructure, and poor accessibility, often made just getting to school a daily challenge for students and faculty alike. Quang Chieu No. 1 Elementary School Muong Lat is known to be among the poorest areas in one of Vietnam’s poorest provinces, with the disaster prone region seeing a poverty rate over 17 times higher than the provincial average. Yet the importance of providing students in these remote areas the chance to get an education by providing proper infrastructure cannot be overlooked. Initially breaking ground before the pandemic, and with the subsequent … [Read more...] about Cargill extends access to education for ~400 children in rural Vietnam

Customers at VPBank's transaction office. The bank shares jumped 5 per cent yesterday, supporting the market's uptrend. — Photo baochinhphu.vn Indices inched higher on Wednesday, as risk asset demand was strong enough to maintain the market's bullish trend. The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) gained for second straight day, claiming back all loss of 21.9 points on Monday. Accordingly, it ended the session at 1,268.43 points, up 35.05 points, or 2.84 per cent. It had rose nearly 14.6 points in the previous trade. The market's breadth was positive with up to 415 stocks adding points, of which 48 stocks registered the biggest intraday gain of 7 per cent, while only 49 stocks declined. Liquidity also rose sharply over the previous session, with over VND16.57 trillion (US$714.3 million) worth of shares, equal to a trading volume of nearly 655.2 million shares, traded on HoSE. On the Ha Noi Stock Exchange (HNX), the northern benchmark index … [Read more...] about Market extends rallies, boosted by rising risk appetite

This has been the third extension of excise tax compliance due date for local cars since 2020, with an expected amount subject to a tax break of VND20 trillion ($US$863 million). The Government has further extended the excise tax payment deadline for domestically-produced cars until November 20. Car manufacturing at Vinfast's plant. Photo: Pham Hung The move was part of the Government’s decree No.32, according to which tax payment for domestic cars bought during the June-September period would be extended until November 20. This would be the third extension of the excise tax payment deadline for local cars since 2020, with the Ministry of Finance (MoF) expecting the amount subject to a tax break of VND20 trillion ($US$863 million). Once the extended deadline is expired, payment for an excise tax on domestic cars would be reverted to normal. The MoF previously put in place a 50% cut in the registration fee for local vehicles. Such support, along with this … [Read more...] about Gov’t extends excise tax payment deadline for domestic cars

Governor of the State Bank of Vietnam Nguyen Thi Hong Accumulating from August 15, 2017 to December 31, 2021 all CIs settled VND380,200 billion ($16.4 billion), less than a half of the expected amount. If Resolution No.42 expires, the sum of unsettled bad debts identified by that Resolution (including newly arisen one) will reach VND430,000 billion ($18.5 billion) and VND443,000 billion ($19.1 billion) at the end of 2022 and 2023, respectively. After a large amount of bad debts in 2018 and 2019 had been successfully handled, this speed slowed down considerably, especially that in the form of customer self-payment, due to negative influences of the Covid-19 pandemic. According to the Government, when Resolution No.42 expires on August 15, 2022, the bad debt settlement mechanism of CIs comes back to observe normal legal regulations, which might lead to unwanted prolonging of bad debt handling among CIs, particularly weak ones. More importantly, since the pandemic as well as … [Read more...] about Extension for Resolution No.42/2017/QH14 on bad debt handling proposed