D b business optimism index

Illustrative image (Photo: VNA) Hanoi (VNA) – The socio-economic impacts of the two-year-old EU-Vietnam Free Trade Agreement ( EVFTA ) along with issues that the deal poses for Vietnam were under focus at a scientific seminar held in Hanoi on August 4. Opening the event, Vice President of the Vietnam Academy of Social Sciences ( VASS ) Dang Xuan Thanh said despite the obvious benefits brought by the EVFTA, the optimization of incentives offered by the deal has not met expectations. He cited examples such as Vietnam’s exports still focus on some traditional markets, and the mechanism for linking localities with Vietnamese representative agencies abroad for trade and investment promotion remains incomplete. He hoped the seminar would identify outstanding problems in and draw lessons from the enforcement of the EVFTA over the past two years, and work out solutions to better utilize the deal in the following years. Regarding the impacts of the EVFTA on Vietnam’s … [Read more...] about Seminar seeks ways to optimize EU-Vietnam FTA

Illustrative image (Photo: VNA) Hanoi (VNA) - The index of industrial production (IIP) in July was estimated to increase by 1.6%  over the previous month and by 11.2% over the same period last year, according to the General Statistics Office. The rise was thanks to a further reopening of the economy in the wake of COVID-19 disruptions . Output growth accelerated for most components, including manufacturing (12.8% against 9.9% in June); electricity and gas supply (8.7% against 5.5% in June); and waste treatment (9.2% against 6.3% in June). In contrast, mining output fell 1.5%, reversing from a 5.1% growth in June./. VNA … [Read more...] about Seven-month index of industrial production up 11.2%

The index closed 8 points higher after rising 10 points Tuesday. It has risen 43 points in the last three sessions. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 4 percent to VND17.57 trillion ($751.46 million), highest in seven weeks. The VN-30 basket, comprising the 30 largest capped stocks, saw 14 tickers gain. HPG of steelmaker Hoa Phat Group rose 3.7 percent to a seven-week high. GAS of state-owned Petrovietnam Gas gained 3.5 percent, and BID of state-owned lender BIDV rose 2.1 percent. Other gainers were STB of Ho Chi Minh City-based lender Sacombank, CTG of state-owned lender VietinBank and SSI of leading brokerage SSI Securities Corporation, up 1.5-2 percent. Twelve blue chips fell, with Vietnam International Commercial Joint Stock Bank losing 1.5 percent, and VHM of real estate giant Vinhomes falling 1 percent. Foreign investors were net buyers for the third session in a row to the tune of VND656 billion, mainly buying HPG and VCB of … [Read more...] about VN-Index nears 8-week high

The index closed 1.4 points lower after gaining 4 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 8 percent to VND15.56 trillion ($665 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 17 tickers dropped. MSN of conglomerate Masan Group lost 3.2 percent and VJC of budget airline Vietjet fell 2.1 percent. Other losers included VHM of real estate giant Vinhomes, down 1.9 percent, and HPG of steelmaker Hoa Phat Group, down 1.5 percent. Eight blue chips gained, led by SSI of leading brokerage SSI Securities Corporation with a 5.3 percent rise. NVL of real estate developer Novaland Group rose 3.1 percent while POW of electricity producer Petrovietnam Power Corporation went up 2.9 percent. Foreign investors were net sellers to the tune of VND291.27 billion ($12.45 million), mainly selling HPG. The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was up 0.73 percent while the UPCoM-Index at the … [Read more...] about VN-Index ends 4-session gaining streak

The index closed 2.1 points up after gaining 4.01 points Monday. Trading on the Ho Chi Minh Stock Exchange rose marginally to VND15.97 trillion ($682.8 million), marking the ninth straight session above the VND15-trillion threshold. The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers gain. HPG of steelmaker Hoa Phat rose 2.1% to a two-month high. NVL of property developer Novaland gained 1.8% to the highest since April 14. It have risen 13% in nine recent sessions. Other gainers were VIC of Vietnam's biggest conglomerate Vingroup, up 1.1% and VJC of budget carrier Vietjet, up 1%. Thirteen tickers fell, led by VCB of Vietcombank with a 1.5% loss. It was followed by VHM of property developer Vinhomes, down 1%, and PLX of fuel distributor Petrolimex, down 0.8%. Foreign investors net sold for the third straight session to the tune of VND70.27 billion. They mainly sold HPG, VNM of diary giant Vinamilk, and VHM. The HNX-Index at the Hanoi Stock … [Read more...] about VN-Index nears two-month high

The much-needed support from the Government has built trust among the business community and contributed to the overall socio-economic recovery during the first seven months of 2022. As of July, the Government has delayed or waived payment of taxes and fees worth VND89 trillion (US$3.8 billion) for businesses and people affected by the Covid-19 pandemic, surpassing similar figures in the 2020-2021 period. Overview of the Government meeting. Source: VGP Minister of Finance Ho Duc Phoc briefed on the execution of tax break policies during a Government meeting today [August 3]. According to Phoc, the much-needed support from the Government has built trust among the business community and contributed to the overall socio-economic recovery during the first seven months of 2022. According to a Government report, the consumer price index (CPI) in July increased by 0.4% month-on-month and averaged 2.54% during the first seven months of 2022, which remained below … [Read more...] about Covid-19 financial support for businesses, people reaches $3.8bil