Economist will workers return to the office

Workers at a data centre of ICT group CMC Corporation (CMG) in Ha Noi. CMG rose 6.9 per cent last week. — Photo CMG Shares are forecast to return to the downtrend this week as market sentiment stays weak amid low liquidity and a lack of stability for long-term recovery. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased by 0.11 per cent, to end at 1,198.90 points. An average of 544 million shares were traded on the southern exchange during each session last week, worth VND12.3 trillion (US$527.6 million). In the second quarter of 2022, the average trading value of shares reached more than VND17.1 trillion each session on HoSE with the average trading volume reaching more than 589.15 million shares, corresponding to a decrease of 20.02 per cent in value and 18.33 per cent in volume over the same period in 2021. “Cash flow, in general, is still cautious, and the weakening signal at the resistance zone of 1,200 – 1,220 points is still putting great pressure on … [Read more...] about Shares to return to downtrend amid low liquidity

High prices High prices are making Vietnamese seafood products uncompetitive in the 15 member states of the Regional Comprehensive Economic Partnership Agreement (RCEP), which came into effect this year. Tran Le Dung, First Secretary in charge of the Vietnam Trade Office in Malaysia, said that in Malaysia, Vietnamese seafood products are sold at prices higher than those of Chinese and Thai products of the same kind. The Vietnam Trade Office connected Vietnamese sellers of dried fish and tuna with Malaysian importers of these products but transactions between them failed due to price disagreement, Dung said. The trade office representative said that although it has a small population, Malaysia has a high demand for seafood, and is not only a member of the RCEP but also participates in many free trade agreements (FTAs). These factors mean that successful penetration of this market will enable Vietnamese seafood businesses to access many other markets in the bloc. Price has become … [Read more...] about High price hampers Vietnam’s seafood exports to Asia-Pacific markets

National flag carrier Vietnam Airlines resumes services between Ho Chi Minh City and Jakarta (Indonesia) on July 2. (Photo: VNA) Jakarta (VNA) – National flag carrier Vietnam Airlines resumed services between Ho Chi Minh City and Jakarta (Indonesia) on July 2 after months of closure because of COVID-19. The first flight in months, coded VN631, departed from HCM City for Jakarta at around 9:40am, with 144 passengers on board; and the return flight took off from Jakarta’s Soekarno-Hatta International Airport at 1:50pm carrying 171 passengers. There are now regular round trips on Mondays, Wednesdays and Saturdays. This is another international destination Vietnam Airlines has relaunched air route to after the Vietnam reopened its border and lifted travel restrictions. Nguyen Minh Toan, head of Vietnam Airline’s representative office in Indonesia , said there is high travel demand between Vietnam and Indonesia, and the resumption of an air route between the two … [Read more...] about Vietnam Airlines relaunches services to Indonesia