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The market’s forward price-to-earning (P/E) ratio has declined from 14.1 to 10.9 since April, tracking the 23 percent drop by the benchmark VN-Index. The fund’s founder, Petri Deryng, said the crash came as "a complete surprise" as there was news of robust earnings growth and valuations were modest. Vietnam’s valuations are now irrational with a forward P/E ratio of 10.9 though Q1 earnings growth was 31 percent and the forecast for the full year is 19-29 percent, he said. Vietnam’s five-year historical rolling P/E has been 16.5, and even topped 20 during periods of strong earnings growth, he pointed out. "The outlook of the global stock markets cannot be ignored when assessing the possible timing of the bull runs of the Vietnamese market, but at these valuations Vietnam offers a stable economy and extremely cheap stocks," he said in a note published Thursday. Vietnam’s stock market was affected by the conflict in Ukraine and the fall of the Nasdaq, but the crash was mainly … [Read more...] about Vietnam stocks ‘extremely cheap’: Finnish fund

Passengers on Vietjet's flight back to Nha Trang from Seoul pose for a photo. — Photo courtesy of Vietjet Vietjet has announced to reopen flights connecting Seoul with Nha Trang, Phu Quoc, Hai Phong in order to welcome the life back to Viet Nam's famous paradise beaches. After its first flight back to Nha Trang from Seoul on Friday, Vietjet will continue to reopen routes connecting Seoul with Phu Quoc and Hai Phong later this month, ready to welcome the wave of tourists between the two countries when South Korea officially announced the re-issuance of short-term tourist visas for international and Vietnamese tourists from June 1, 2022. The Nha Trang-Seoul route is operated with three round-trip flights per week from May 20, 2022 on Wednesdays, Fridays and Sundays. The Phu Quoc-Seoul route will have five round-trip flights per week from Saturday on Mondays, Wednesdays, Thursdays, Saturdays and Sundays. Meanwhile, the airline also offers three round-trip flights per week on the … [Read more...] about Vietjet resumes flights to South Korea

Speaking to Vietnam News Agency following the visit, Ha said that senior leader of Laos highly valued the first visit by Hue as the Vietnamese top legislator during the Vietnam - Laos, Laos - Vietnam Solidarity and Friendship Year 2022, making him the first foreign parliament leader to visit Laos during the ninth tenure of the Lao N.A. The Lao side congratulated Vietnam on its achievements in socio-economic development and pandemic control, and informed the Vietnamese leader on Laos’ socio-economic targets and tasks as well as its action plan to deal with COVID-19 impacts and boost socio-economic development, he said. Ha underlined that N.A. Chairman Hue’s visit sent out a message that the Vietnamese Party, State, N.A. and people always have understanding of and sharing with Laos with a spirit of comradeship, brotherhood and mutual support, and Vietnam always stand by the side of, accompanies and assists Laos to overcome all challenges for further development. Ha noted that … [Read more...] about N.A. Chairman’s visit helps bolster partnership with Laos: Official

Vietnam attended four WEF annual meetings at prime ministerial level in 2007, 2010, 2017 and 2019, and joined the WEF on ASEAN at prime ministerial level four times in 2012, 2013, 2014 and 2017. (Photo: AFP/VNA) This will be one of the major multilateral foreign relations activities of Vietnam in 2022, especially in the context that the annual meeting of this major global economic forum has been postponed over the past two years due to Covid-19, according to Ambassador Le Thi Tuyet Mai, Permanent Representative of Vietnam to the United Nations, the World Trade Organization (WTO) and other international organizations in Geneva. She said that since Vietnam and the WEF set up their relationship in 1989, leaders of both sides have paid great attention to the promotion of bilateral ties in many fields. Vietnam attended four WEF annual meetings at prime ministerial level in 2007, 2010, 2017 and 2019, and joined the WEF on ASEAN at prime ministerial level four times in 2012, 2013, … [Read more...] about Vietnam to introduce national development strategies at 2022 Davos WEF

Reporters take part in the third international press conference on May 21. — VNA/VNS Photo Tuấn Đức Thanh Hà HÀ NỘI — The SEA Games 31 is considered an event of solidarity in the spirit of fair play, according to the Organising Committee at the third international press conference on May 21 in Hà Nội. Many local and international reporters and journalists attended the conference chaired by deputy head of the Information and Communications Sub-Committee Lê Thị Hoàng Yến, who summarised and reviewed the regional sports meet's activities. "Almost competitions have been well organised in the spirit of fair play and sportsmanship. Olympic sports are run following clear rules and regulations while sensitive sports, including martial art performance events, are assessed fairly and objectively," said Yến, who is the vice chairwoman of the Việt Nam Sports Administration. "The chief-de-missions of all teams are satisfied with organising activities of the hosts. To date, we have not … [Read more...] about ‘Games held in spirit of fair play’: organisers

Christopher Rungkat and Aldila Sutjiadi from Indonesia (Photo: VNA) Bac Ninh (VNA) - Philippine tennis players Ruben Gonzales and Treat Huey pocketed the men’s doubles gold after getting the best of fellow Philippines Jeson Patrombon and Francis Casey Alcantara on May 21 during the ongoing 31st Southeast Asian Games (SEA Games 31). The bronze in the event went to two pairs from Vietnam. In the women’s individual event, the final match was between Anchisa Chanta and Luksika Kumkhum, both from Thailand. Luksika Kumkhum beat Anchisa Chanta 2-1 to win gold. The bronze medal was shared by Vietnam’s Chanelle Van Nguyen and Alexander Eala from the Philippines. Earlier on May 20, in the mixed doubles event, the pair of Christopher Rungkat and Aldila Sutjiadi from Indonesia defeated Thai pair Pruchya Isarò and Patcharin Cheapchandej to win gold. SEA Games 31 , themed “For a Stronger South East Asia”, is underway in Vietnam from May 12 – 23 in 12 cities and provinces. The … [Read more...] about SEA Games 31: Tennis gold medalists found