Fifth straight session

Many solutions to prevent network congestion on HoSE

March 4, 2021 by sggpnews.org.vn

Meanwhile, on the Hanoi Stock Exchange (HNX), the HNX-Index made a breakthrough of nearly 3 percent. At the end of the trading session, the VN-Index inched up by 0.34 points, or 0.03 percent, to close at 1,186.95 points, with 270 gainers, 168 losers, and 64 unchanged stocks. The HNX-Index jumped 6.16 points, or 2.48 percent, to 254.1 points, with 137 gainers, 66 losers, and 57 unchanged stocks.

Foreign investors continued to net sell nearly VND500 billion on the whole market. Of which, they net sold VND470 billion on the HoSE. Liquidity remained at a high level with a total trading volume of 819 million shares, worth more than VND18.1 trillion. Of which, put-through transactions accounted for nearly VND1.77 trillion.

The stock market traded with caution from investors after the new General Director of the HoSE Le Hai Tra spoke in the media about a solution to prevent network congestion, which possibly is to raise the minimum round lot from 100 shares to 1,000 shares to reduce the load for the trading system.

According to the HoSE’s calculations, increasing the round lot to 1,000 shares can reduce the total number of trading orders by 40-50 percent, at the same time, it can pave the way for new heights of market liquidity.

Mr. Tra said that that might only be a temporary solution to solve the current network congestion situation. In the future, when the new stock trading system comes into operation, there will be an odd-lot board, and it is also possible to return to the current round lot of 100 units. However, this opinion faced considerable opposition from investors because it will make it difficult for investors, especially small investors. Because they will have to spend 10 times as much as currently to buy stocks on the HoSE.

Another solution to prevent network congestion for the HoSE is to transfer some stocks from the HoSE to the HNX, the State Securities Commission (SSC) has just sent documents to the HoSE, the HNX, and the Vietnam Securities Depository (VSD) on this.

Accordingly, the SSC requested the HNX to promptly accept and receive listed companies from the HoSE, without reviewing their records following the new listing process. The transaction mechanisms, transaction supervision, listing management, reporting, and information disclosure will be applied the same as companies listed on the HNX. The HoSE and the HNX will cooperate in supervising transactions for these stocks to ensure continuity of supervision.

Noticeably, the SSC stated clearly that shares of transferred companies, which are currently in the set of the VN-Index indicators of the HoSE will be removed from the set of HoSE indicators during the temporary transfer to the HNX. At present, SSC will temporarily not consider transferring the shares of companies currently in the VN30-Index.

The SSC also requested the HNX, the HoSE, and the VSD to urgently handle the issue so that enterprises can transfer the transactions of their shares similarly to the listing transfer cases that have been carried out so far. This mechanism will be applied from March 3 this year.

By Nhung Nguyen – Translated by Thuy Doan

Diageo Vietnam helps Vietnamese get free vaccination

March 5, 2021 by ven.vn

Diageo Vietnam is one of the first businesses in the country joining hands with Tuoi Tre (Youth Newspaper) to help up to ten thousand of frontline workers who work at medical centers, hospitals and centrally quarantine centers in Vietnam, to get vaccinated for free this year.

Having launched at the end of February, following the success of the 1-year long campaign “Preventing Covid-19 with Tuoi Tre”, the campaign aims to raise funds from individuals, organizations, and businesses for such a meaningful and highly practical activity. Through this tangible contribution, Diageo Vietnam demonstrates its commitment to joining hands with Vietnamese people to combat Covid-19, while facilitating safety for local communities in the new normal.

Throughout 2020, Vietnam has marked its name in the global map as a success story of keeping Covid-19 transmission under control and mitigating the pandemic’s adverse effect on all socioeconomic aspects. Strict quarantine and contact tracing measures alongside medical prevention and treatment efforts, empowered by the strong consensus between the Government and people across the country, have proven their values and helped Vietnam make the miracle.

The success of disease prevention and control activities in Vietnam lies in the ability to mobilize extensive resources and connect individuals and organizations under the same cause, which is to prevent Covid outbreak and protect the community. Those noble qualities have inspired companies like Diageo Vietnam to take bold moves and contribute their part.

Mr. Jos Duursema, Chief Operating Officer of Diageo Vietnam said: “ As a British business operating in Vietnam, we are proud to accompany and support the local communities in every possible way to protect their well-being and promote sustainable development for the country. Diageo Vietnam hopes to secure more opportunities to access effective prevention and treatment of Covid-19, hence empowers Vietnamese people with the freedom to live a healthy and successful life.”

The sense of values and purposes guides Diageo’s business operations and social activities on a global scale. Last June in Vietnam, Diageo Vietnam partnered with the Central Committee of the Vietnam Fatherland Front to present the Ministry of Health with 18,600 hand sanitizer bottles worth VND670 million, alongside its campaign “Clean Serve by Diageo” which provided sanitizing kits and guidelines for more than 315 bars and clubs across the country. Under the campaign’s framework, Diageo hosted a much-anticipated livestreaming session, where the brand’s ambassador shared advice and tips to more than 2,000 participants on how to maintain hygiene and secure experience as they serve customers.

COVID-19 vaccination to begin in Vietnam on March 8

March 5, 2021 by en.nhandan.org.vn

Earlier, more than 117,600 doses of the vaccine, manufactured in the Republic of Korea (RoK), arrived in Vietnam on February 24. After holding working sessions with the producer, Vietnam has obtained an accreditation certificate for the batch from the RoK.

Long said the doses, verified by the ministry, meet the conditions for vaccination in Vietnam.

As scheduled, on March 6, the Health Minister will chair a conference to launch the vaccination plan and provide related training for medical staff nationwide in the use and storage of the vaccine, as well as the handling of post-injection complications.

According to the official, priority in vaccination will be given to people at the front line of the fight against COVID-19, including health, army, police, customs and immigration personnel; those working in sectors offering essential services like aviation, transport, tourism and education; people with chronic illnesses or above 65 years old; those living in pandemic-hit areas; the poor and beneficiaries of social welfare policy.

People getting the shots will be monitored via digital health records and receive e-certificates for their completion of inoculation.

Vietnam plans to import about 150 million doses of COVID-19 vaccines this year.

Conference for Young Scientists inspires innovation for cohesive ASEAN

November 26, 2020 by vov.vn

Opening with the theme of “Inspiring creativeness and innovation for a cohesive and responsive ASEAN”, the event witnessed the participation of young experts and scientists from both at home and abroad.

Participants used the occasion to discuss a range of measures aimed at dealing with difficulties faced by the region and methods in which to build the ASEAN community in a sustainable manner.

During the course of the event, there was a plenary session featuring aspects of creativeness and innovation through the initiatives and activities of young ASEAN scientists.

In addition, seminars were held to discuss the new normal in ASEAN, ways to inspire creativeness and innovation to overcome the novel coronavirus (COVID-19) pandemic, the building of smart cities, and developing infrastructure, medicine and health within the ASEAN Community by 2030.

Main index makes slight rebound

March 5, 2021 by english.thesaigontimes.vn

Main index makes slight rebound

The Saigon Times

Investors watch stock prices on electronic boards at a securities company in HCMC. The VN-Index of the Hochiminh Stock Exchange made a mild increase at the close today, March 5 – PHOTO: VNA

HCMC – Despite a system error slowing order placing activities down, the VN-Index of the Hochiminh Stock Exchange made a mild increase at the close today, March 5, backed by large-cap stocks.

Market breadth was positive as gainers outnumbered losers by 264 to 169. The main index inched up 0.17 points, against the previous session, at 1,168.69.

Trade volume totaled 594.8 million shares worth VND15 trillion, down 11.7% in volume and 10.8% in value from the session earlier. There were 26.6 million shares valued at VND1.1 trillion traded in block deals.

The gain of many stocks in the VN30 basket such as steelmaker HPG, consumer goods company MSN, and lenders MBB, STB, TCB and ACB contributed to the rise of the main index.

Many stocks in the gas and oil sector were in positive territory, with PVC, PVE and PGC ending in their ceiling prices.

Some securities stocks, including HCM, CTS, BSI and VIX, were among key drivers of the southern bourse.

Electricity firm POW reported its record matching volume of 44.4 million shares, taking the lead on the southern market by liquidity. Bank stock STB came second with over 24 million shares changing hands.

On the negative side, some largecaps such as dairy firm VNM, housing developer VHM, property firm VIC and lender VCB lost 1%-1.6%.

On the Hanoi Stock Exchange, the HNX-Index continued its upward trend and improved by 4.03 points, or 1.58%, from the day earlier, at 259.8. Over 151.8 million shares worth VND2.4 trillion changed hands on the northern bourse.

Lender SHB stood at the reference price, but was the most actively traded stock on the northern market with over 20 million shares traded.

Many securities stocks gained steam, with BVS and MBS soaring by 6.6% and 5.8%, respectively, at the close.

Hanoi plans to reopen historical, religious sites from March 8

March 5, 2021 by sggpnews.org.vn

The department has also asked these units not to organize public religious activities and festivals during the festive season on the occasion of the lunar New Year, and encouraged hosting online events in an attempt to avoid gatherings and prevent further Covid-19 infections in local communities.

The relic sites must continue strictly respecting preventive measures to keep the pandemic under control, especially the implementation of the Health Ministry’s 5K message, Khau trang (facemask) – Khu khuan (disinfection) – Khoang cach (distance) – Khong tu tap (no gathering) – Khai bao y te (health declaration), he added.

Regarding to the reopening of the special national relic site of Huong Pagoda in Hanoi’s My Duc District, Deputy Director of the Department of Culture and Sport Tran Thi Van Anh said that two departments of Health, Culture and Sport had a working session with My Duc District’s authorities to check plans for epidemic prevention and control at the heritage site and the rules for safety and health.

Vice chairman of the People’s Committee of Hanoi, Chu Xuan Dung noted that Director of the Department of Culture and Sport, chairmen of districts will be responsible for the decision on reopening historical and religious sites which have not been allowed to organize festivals, excluding small-scale religious activities, and promoting online events.

Huong Pagoda Festival which usually opens at the Complex of Huong Son Historical Relic Site in My Duc district on the sixth day of the lunar New Year and lasts for three full months is the biggest and longest annual festival in the country with the participation of more than one million pilgrims and tourists every year. Therefore, it needs a special regulations to meet the requirements of organization, he sharply stressed.

Speaking at the event, Deputy director of the Department of Health, Hoang Duc Hanh confirmed that there have been no cases of community transmission of coronavirus recorded in Hanoi in the past 17 days and removed the blockade of 18 sites across the city.

Hanoi plans to reopen historical, religious sites from March 8 ảnh 1

Huong Pagoda Festival is the biggest and longest annual festival attracting over one million pilgrims and tourists every year.

By Nguyen Quoc – Translated by Kim Khanh