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A worker talking to an investor at MB Securities' office. — Photo courtesy of MBS Despite poor business results in the second quarter, many securities stocks have rebounded sharply after hitting the bottom on June 20-21. Accordingly, Viet Dragon Securities JSC (VDS)'s shares gained 84.7 per cent from VND7,200 a share to VND13,300, while shares of Saigon - Hanoi Securities JSC(SHS) also increased by 65 per cent from VND8,904 to VND14,700. Shares of MB Securities JSC (MBS) jumped 61.3 per cent. Leading securities stocks like SSI Securities Corporation (SSI), Ho Chi Minh City Securities Corporation (HCM) and VNDirect Securities Corporation (VND) to small stocks such as Vietnam Industrial & Commercial Securities Corporation (VIG), Hoa Binh Securities JSC (HBS), and Agribank Securities Corporation (AGR) also surged 30-50 per cent in the last month and a half. Securities stocks have reported a good recovery as the general stock market picked up significantly from the area of … [Read more...] about Securities firms raise capital on recovery of stock prices

A consumer shops around at a supermarket. Experts said middlemen's high-profit margins are the key behind mounting overall prices. — Photo vneconomy.vn Fuel is the driving force behind mounting overall prices in many countries, but experts believe middlemen are more to blame in Viet Nam. Economic expert Vu Vinh Phu took the sugar industry as an example. He said 70 per cent of Thailand's industry profits are distributed to farmers, whereas 30 per cent go to middlemen. Meanwhile, the reverse is true in Viet Nam, with middlemen taking the lion's share of the pie. Their high-profit margins push up prices, outpacing the impact of fuel. "Normally, products in supermarkets are sold at lower prices than those in marketplaces. Unfortunately, it is not the case in Viet Nam where the former is about 30 per cent more expensive than the latter," he said. The expert attributed middlemen's high-profit margins to the absence of an official goods exchange. Without such an exchange, … [Read more...] about Middlemen to blame for mounting prices

Illustrative image (Source: VNA) Can Tho (VNA) – The Department of Agriculture and Rural Development of Can Tho city held a working session with a delegation from the Dutch Embassy on August 9, during which the two sides exchanged views on the Mekong Delta’s sustainable agricultural transformation . Dr. Dang Kim Son, an expert in agricultural policy who led the Dutch delegation, noted that the Netherlands wishes to cooperate with the Mekong Delta and Can Tho city in agricultural transformation, focusing on specific agricultural products and experts. Pham Truong Yen, Deputy Director of the department, pointed out the challenges facing the Mekong Delta, including climate change, rising sea levels and saltwater intrusion, along with small-scale production and a low-quality workforce. The region needs support from the Netherlands in terms of mindset and vision, he said, adding that the Mekong Delta also hopes to learn from the country’s experience in water … [Read more...] about Netherlands helps Mekong Delta agriculture sector to adapt to climate change

Vietnamese passion fruit (Photo: VNA) Hanoi (VNA) – The Dak Lak province Department of Agriculture and Rural Development is preparing necessary conditions for the shipping of local passion fruit to China, as the fruit has been officially allowed to enter the market. The preparation includes supporting businesses and farmers in making the fruit meet related requirements. The Central Highlands province is home to 1,055ha of passion fruit, of which 884ha are yielding 14,703 tonnes annually. The planting area and production of passion fruit nationwide are continuously increasing, especially in Central Highlands localities. Currently, Vietnam grows the fruit on about 6,000ha across 46 cities and provinces with an annual output of 300,000-400,000 tonnes. With relevant negotiations beginning in 2006, the General Administration of Customs of China (GACC) agreed this year to pilot the import of Vietnamese passion fruit starting in July, making it the 10th Vietnamese fruit … [Read more...] about Dak Lak prepares for export of passion fruit to China

In the first seven months this year, Vietnam’s total export value to the American market approximated $77 billion, equal 22 per cent jump on-year, in which exports to the US market were a bright spot reaching $66.7 billion, up 23.7 per cent on-year. Earlier, accelerated export of Vietnamese products to this market was a hallmark in 2021 reaching $114 billion in total export value, showing a 27 per cent jump on-year. Vietnam also witnessed a big export surplus with this market reaching approximately $89 billion last year. Exports to the US surpassed $96 billion in 2021, more than $21 billion compared to 2020, placing the US in the pole position among Vietnam’s export markets with export value far exceeding that of other markets such as China, the EU, ASEAN, South Korea, and Japan. Several new markets clinching free trade agreements (FTA) with Vietnam in America such as Canada and Mexico have increased imports from Vietnam. Apart from seafood and apparel, the export … [Read more...] about Exports to the Americas eye strong rebound

"With no certificates, I can only apply for a blue-collar job, but most factories turned me down," the 24-year-old woman said. Factories in Vietnam demanded that she work faster than in Japan for one-fifth of the salary she got there, at around VND6 million ($256) a month. In Japan she received VND30 million a month and was able to send two-thirds of it back to her family and live comfortably with the remaining one-third. "I had enough to spare, but in Vietnam, I run out of money very quickly." Nguyet is among nearly 548,700 Vietnamese citizens who’d gone abroad to work in the last five years to earn higher incomes and help their families back home. However, many of them are returning home to great disappointment, their expectations of resuming work at home for decent pay belied in no uncertain manner. Data from the Ministry of Labor, Invalids and Social Affairs shows that in Japan and South Korea, the two major labor markets for Vietnam, Vietnamese workers can earn … [Read more...] about Overseas workers return home to underpaid jobs