Customers at BIDV's trading office. The bank's shares climbed 4.59 per cent on Monday, leading the rally. —Photo courtesy of BIDV The market ended mixed on Monday, with benchmark indices gaining points on the return of cash flow improving general sentiment. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) added 11.84 points, or 0.94 per cent, to 1,274.2 points. The index opened the new week on a positive note as risk asset demand was higher. The market’s breadth was positive with more stocks increasing, while liquidity also rose over the previous session. Accordingly, matching value on HoSE jumped 15 per cent to nearly VND14 trillion (US$596.8 million), equivalent to a matching volume of 586 million shares. The market benchmark rallied for the second straight session, boosted by the uptrend of large-cap stocks. The 30 biggest stocks tracker VN30-Index closed the trading day at 1,293.79 points, up 2.83 points, or 3.1 per cent. Twenty-two stocks of the VN30 basket inched … [Read more...] about Return of cash flow lifts investor sentiment
Cedi dollar exchange rate history
Seniors’ struggle to cope without pension or savings
Thu, 61, is a housewife and completely dependent on her husband. He is 66 and works as a construction worker. They struggle to make ends meet and their healthcare expenses take up much of their income. Thu says: "My daughter has no problem giving us money, but her husband does not seem too pleased to support us. So I don’t feel happy taking it. Sometimes my son-in-law asks my daughter behind our back why we keep borrowing money from them." In order not to bother their daughter and her family, the old couple ask other people in their circle. But who can lend them money constantly? Growing up during the war, Thu used to be a farmer and then ran a small business. Neither she nor her husband has pensions, and their savings are not enough for retirement. "When I was in my 30s, I saved hundreds of millions of dong. But suddenly I became sick and my situation became serious. I spent most of my savings at that time. Now I have less than 20 million left. Our life is so unstable now." … [Read more...] about Seniors’ struggle to cope without pension or savings
Hanoi – Vientiane bolster economic ties
Cooperation between Hanoi and Vientiane remains an example of the long-standing and special relations Vietnam-Laos. Hanoi and Vientiane have been taking steps to bolster economic ties during the Vietnam-Laos 2022 Solidarity and Friendship Year. Overview of the “Hanoi-Vientiane Cooperation for Development” investment, trade, and tourism conference. Photo: The Hanoi Times At the investment, trade, and tourism conference titled “Hanoi-Vientiane Cooperation for Development” on August 10, Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen noted the cooperation between Hanoi and Laos’ provinces in general, and with Vientiane in particular, have been progressing in all spheres, including priority fields of economy, healthcare, education, agriculture, military, and people-to-people exchange. Echoing Quyen’s view, Vice Director of the Hanoi’s Department of Planning and Investment Nguyen Ngoc Tu added since 2004, Hanoi has been funding several projects to … [Read more...] about Hanoi – Vientiane bolster economic ties
Tours nearly fully booked for National Day holiday
Cable car at Ba Den Mountain in Tay Ninh Province According to Deputy General Director of Saigontourist Tran Quoc Bao, the company launches more than 100 domestic and international tours serving around 30,000 turns of visitors during four-day holidays. Similarly, other travel agencies including Vietravel, Fiditour - Vietluxtour, TSTtourist and so on have massive tours to famous destinations and luxury resorts discovering culture and history in Ho Chi Minh City and other provinces. Among them, the top selected destinations are Nha Trang, Phu Quoc, Ba Den Mountain in Tay Ninh Province and so on. Son Tien water park, the biggest water park in Vietnam With its location nearby Ho Chi Minh City, Dong Nai Province is on the top list of numerous visitors, comprising Buu Long Tourism Area in Bien Hoa City, Son Tien water park. It is calculated that Son Tien water park welcomed dozens of thousands of visitors a day and it is expected that numerous tourists will flock to the tourism … [Read more...] about Tours nearly fully booked for National Day holiday
SHB to increase its charter capital
SHB targets to be among the three largest private commercial banks in Vietnam This confirms that SHB has completely fulfilled its commitment to shareholders and investors on improving financial capacity in accordance with the plan to increase charter capital in 2021 – as approved by the annual general shareholders' meeting (AGM) – and lays the groundwork for the implementation of the next capital increase plan. In addition, SHB also aims to further enhance its charter capital to $1.59 billion by the end of 2022 under a decision made at its AGM. The hike will likely place it among the three largest private joint stock banks by charter capital. The bank’s reputation among domestic and foreign investors and international credit rating agencies has been solidified and improved in large due to the firm's consistent efforts to strengthen its operations over the last several years. SHB continues to grow its operating size and business development, accelerate financial … [Read more...] about SHB to increase its charter capital
Samsung boss gets presidential pardon: S Korea justice minister
Billionaire Lee Jae-yong, who was convicted of bribery and embezzlement in January last year, will be "reinstated" to give him a chance to "contribute to overcoming the economic crisis" of the country, Justice Minister Han Dong-hoon said. Lee -- the 278th-richest person in the world, according to Forbes, with a net worth of $7.9 billion -- was released on parole in August 2021, after serving 18 months in jail, just over half of his original sentence. In this file photo taken on May 10, 2022 Lee Jae-yong, Samsung Electronics vice chairman and de facto leader of Samsung Group, attends an inaugural dinner of South Korea's President Yoon Suk-yeol in Seoul. The heir and de facto leader of Samsung group received a presidential pardon on August 12, 2022, the latest example of South Korea's long tradition of freeing business leaders convicted of corruption on economic grounds. (JEON HEON-KYUN / POOL / AFP) Friday's pardon will allow him to fully return to work by lifting a … [Read more...] about Samsung boss gets presidential pardon: S Korea justice minister