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MoF suggests reducing trading board lot size from 100 to 10 on HSX The Ministry of Finance has suggested reducing the trading board lot size from 100 to 10 and providing favourable conditions for companies to list again on the Ho Chi Minh City Stock Exchange. Specifically, from July 5, the fresh trading system of the Ho Chi Minh City Stock Exchange (HSX) has officially been put into operation. According to the MoF, the congestion has been basically addressed, stabilising market sentiment, and demonstrating the drastic direction and management of the MoF. To further strengthen the role of securities market management and administration, the MoF required the SSC to follow the below nofitications: (1) Directing both local and foreign-invested securities companies, especially those holding large market shares to report on their technical system infrastructure in a bid to ensure stable and smooth trading. (2) Reviewing the new trading system. Moreover, HSX is encouraged to … [Read more...] about VIETNAM BUSINESS NEWS JULY 28

A production line of Hong Kong-invested Gunzetal Việt Nam Co in the southern province of Bình Dương. — VNA/VNS Photo Chí Tưởng HÀ NỘI — Việt Nam raked in US$16.7 billion in foreign direct investment (FDI) in the first seven months of 2021, down 11.1 per cent from the same period last year, data from the Ministry of Planning and Investment (MPI) shows. This is the biggest fall in FDI inflows since the COVID-19 pandemic broke out again in the country in late April, wreaking havoc on multiple industrial parks in the northern provinces of Bac Giắng and Bắc Ninh. Earlier, FDI inflows declined 2.6 per cent year-on-year in the first half of the year, after it edged up 0.8 per cent in the January-May period. According to the MPI’s Foreign Investment Agency, of the 7-month figure, $10.13 billion came from 1,006 newly-registered projects, up 7 per cent year-on-year. Some $4.54 billion was added to 561 existing projects, representing a year-on-year decrease of 3.7 per cent. Capital … [Read more...] about Việt Nam’s FDI inflows plunge 11.1% in seven months

Lê Hương “Keep travelling when you are young to enrich your experience, open your eyes and know more people… When you know a lot, don’t hesitate to share your helpful experiences… Then you will be soon considered a travel blogger, an influential person.” So goes the advice of Nguyễn Thị Thán Uy, 25, a popular travel blogger. She has been widely known through her quality reviews on travelling and cuisine and impressive photo collections among popular food and travel communities in HCM City and Đà Lạt, her hometown in the central province of Gia Lai. Besides working as a travel blogger, food reviewer, she has also reviewed cosmetics and clothes, and been active in marketing online services and PR. The woman has been an active travel blogger on social networks. Photo courtesy of Nguyễn Thị Thán Uy Graduating from HCM City Teachers’ Training College, Uy has discovered her favourite field is marketing, which she has studied since the second year in the college. “I especially … [Read more...] about Travel blogger inspires youth to seek out the world

With the use of digital money increasing rapidly during the pandemic, the financial industry needs the most intelligent solutions to detect and counteract complex threats that never seem to stop. — Photo courtesy of Kaspersky HCM CITY — With the use of digital money increasing rapidly during the pandemic, it has become crucial for the financial sector to integrate security and improve their threat intelligence capabilities, according to cybersecurity experts. According to the State Bank of Vietnam, last year nearly 374 million transactions worth more than VNĐ22.4 quadrillion (US$974.5 billion) were made via the internet, up 8.3 per cent and 25.5 per cent from 2019. Besides, nearly 918.8 million transactions worth nearly VNĐ9.6 quadrillion were made via mobile phones, an increase of 123.9 per cent in volume and 125.4 per cent in value yea-on-year. Lockdowns due to the pandemic have caused digital payments to skyrocket. According to the 2020 Doing Business report released by … [Read more...] about Financial sector needs to improve threat intelligence: experts

A customer at an HDBank office. Photo courtesy of HDBank HÀ NỘI — The Hồ Chí Minh Stock Exchange (HoSE) said that August 27 will be the last registration date for Hồ Chí Minh City Development Joint Stock Commercial Bank (HDBank, HDB) to complete a list of shareholders entitled to receive dividends in 2020 in shares. Based on the approved plan, the bank is expected to issue 398.4 million shares to pay dividends to shareholders with a rate of 25 per cent and increase capital by nearly VNĐ4 trillion (US$174 million). The capital source for issuance is from accumulated undistributed profits according to the 2020 financial statements which have been audited and made provision for funds. After completing the dividend payment, HDBank's new charter capital will reach over VNĐ20 trillion, which is ready for a higher growth plan according to the proposed strategy. Recently, HDBank announced the Basel III implementation. International credit rating agency Moody's Investors Service … [Read more...] about HDBank to close list of shareholders for dividend payment

3,698 new cases and 4,511 recoveries were announced on Wednesday evening. The new cases include 3,697 domestic cases recorded in Ho Chi Minh City (2334), Binh Duong (631), Dong Thap (153), Dong Nai (137), Can Tho (66), Khanh Hoa (61), Tra Vinh (54), Ben Tre (52), Da Nang (50), Phu Yen (34), Binh Thuan (32), Ninh Thuan (25), Vinh Phuc (12), Quang Nam (11), Hau Giang (6), Hanoi (5), Hai Duong ( 5), Thai Nguyen (5), Gia Lai (4), Ninh Binh (4), Ha Giang (3), Binh Phuoc (3), Thua Thien Hue (2), Ha Tinh (2), Ca Mau (2 ), Dak Nong (1), Quang Ngai (1), Quang Tri (1), Thanh Hoa (1). Of these, 781 cases were detected in the community. … [Read more...] about 3,698 new cases and 4,511 recoveries announced on Wednesday evening