Foreign investors

VN-Index shoots to new peak

June 18, 2021 by e.vnexpress.net

The index gradually climbed throughout the day to close with a near 18-point gain, the highest of the past five sessions. It has risen nearly 25 percent this year.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 5.4 percent to VND23.7 trillion ($1.03 billion). The bourse saw 249 tickers gain and 138 lose.

Foreign investors turned net buyers on the main bourse to the tune of VND646 billion, the highest since April 9. Strongest buying pressure was seen in PDR of Phat Dat Real Estate Development and HSG of steelmaker Hoa Sen Group.

The VN30 basket, comprising the 30 largest capped stocks, saw 22 tickers in the green, led by TCH of real estate company Hoang Huy Investment Financial Services with 5.9 percent.

It was followed by VCB of state-owned lender Vietcombank, up 4.1 percent to a new peak. The ticker contributed most to VN-Index’s gain this session, pushing it up by 4.4 points.

MSN of conglomerate Masan Group rose 3.4 percent. It is still struggling to return to its previous peak on May 26.

Other strong gainers include VHM of real estate giant Vinhomes, up 3.2 percent, and PNJ of Phu Nhuan Jewelry, up 2.6 percent.

On the losing side BVH of insurance company Bao Viet Holdings led with a 1.6 percent drop, followed by GAS of state-owned Petrovietnam Gas, down 1.3 percent.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.52 percent while the UPCoM-Index for the Unlisted Public Companies Market added 0.75 percent.

Two foreigners fined for working without permission in Hai Duong

June 18, 2021 by en.vietnamplus.vn

Illustrative image (Photo: VNA)

Hai Duong (VNA) – Vice Chairman of the People’s Committee of northern Hai Duong province Luu Van Ban has signed decisions fining two foreigners 40 million VND (1,739 USD) in total for entering Vietnam, working or engaging in other activities without permission of Vietnamese competent authorities.

Specifically, the first one is Wang Shoucheng , who is a Chinese national born in 1970 and now living in Lam Son commune, Hai Duong’s Thanh Mien district. Wang was granted a visa by the border guard station of Lang Son province’s Huu Nghi Border Gate with a temporary stay extension until June 23, 2021 to work at Kam Fung Vietnam International Company Limited in Quat Lam township in Nam Dinh province’s Giao Thuy district. However, on April 22, he quit this job and began working for Champion Product Vietnam Co., Ltd. in Lam Son commune one day later. Wang was fined 20 million VND for violating regulations at Point b, Clause 5, Article 17 of the Government’s Decree 167 dated November 12, 2013 on penalties for administrative violations in the field of security, social order and safety, and prevention of social evils; fire prevention and fighting, and domestic violence prevention and control.

The other was also given the same charge. The Chinese national, Ye Zhaoxin, was born in 1996 and is now living in Lam Son commune as well. He had a temporary stay extension until June 18, 2021 to work at Sun Vigor Vietnam Smart Toy Joint Stock Company in Hai Phong city’s Tien Lang district. However, on April 27, he also left his job and came to work at Champion Product Vietnam Co., Ltd.

With involvement with Wang Shouchen, Vu Van Buong, born in 1967, was fined 1.25 million VND for “letting foreigners stay overnight without declaring temporary residence, failing to instruct foreigners to declare temporary residence as prescribed or failing to comply with other regulations of competent agencies./.

VNA

Vietnam Airlines licensed to operate flights to Canada

June 18, 2021 by vietnamnet.vn

National flag carrier Vietnam Airlines has received a Foreign Air Operator Certificate (FAOC) issued by the Transport Canada, allowing it to operate flights to the North American country.

Vietnam Airlines licensed to operate flights to Canada hinh anh 1

The FAOC took effect on June 11 with unlimited time and number of flights.

Accordingly, the carrier could operate flights carrying passengers and cargo between Vietnam and all airports in Canada. The earliest flight is scheduled to take off on June 30.

Vietnam Airlines is the first carrier in Vietnam to receive Canadian authorities’ permit to run flights to the country.

The carrier is building a plan to conduct flights between the two nations, with Toronto and Vancouver as its major destinations.

With a total distance of over 20,000km and two-way flight time of over 30 hours, the airliner will use wide-body aircraft Boeing 787 and Airbus A350 for the service.

Earlier, it received the FAOC for the first time which was valid from July 13 to October 13, 2020 and extended till November 15, 2020./.

Source: VNA

India, Singapore enhance strategic partnership

June 18, 2021 by en.vietnamplus.vn

The meeting between Indian Minister of State for External Affairs and Parliamentary Affairs Shri V. Muraleedharan and Singapore’s Senior Minister of State for Foreign Affairs Sim Ann (Photo: https://www.indiaties.in/ )

New Delhi (VNA) – Indian Minister of State for External Affairs and Parliamentary Affairs Shri V. Muraleedharan had a virtual meeting with Singapore’s Senior Minister of State for Foreign Affairs Sim Ann on June 17, during which they discussed measures to boost bilateral strategic partnership.

Muraleedharan thanked the Singaporean Government for facilitating supply of relief materials, especially oxygen tanks, which were sent to India for fighting the COVID-19 pandemic.

Both officials reviewed India-Singapore bilateral relationship, spanning across a wide range of areas.

They also discussed cooperation on regional issues and at multilateral forums. They expressed a commitment to further strengthening the India-Singapore Strategic Partnership.

Singapore and more than 80 other countries have presented and provided medical supplies to help India fight the pandemic./.

VNA

VN-Index hits new peak on strong cash flow

June 18, 2021 by english.thesaigontimes.vn

VN-Index hits new peak on strong cash flow

The Saigon Times

An investor watches stock information on the computer. Strong cash flow into bank and steel stocks pushed the VN-Index of the Hochiminh Stock Exchange up today, June 18, to its record of 1,377.77 points – PHOTO: VNA

HCMC – Strong cash flow into bank and steel stocks pushed the VN-Index of the Hochiminh Stock Exchange up today, June 18, to a new record of 1,377.77 points.

At the close, the main index jumped by 17.85 points, or 1.31%, against the day earlier, with 249 winners and 138 losers. Trade volume totaled over 809 million shares worth VND23.7 trillion, up over 5% in both volume and value from the previous session.

Over 58 million shares valued at VND2.8 trillion were traded in block deals.

In the group of bank stocks, HDB, EIB, BID, MBB and TCB were in positive territory, while lender VCB made a strong rise and reported a matching volume of over 3.2 million shares.

Housing developer VHM was among key drivers of the southern bourse, improving 3.2% at the close.

Among the steel stocks, TLH and SMC shot up to their ceiling prices, while NKG, POM and HSG soared by 2.9%-5.2%.

Many small and medium stocks also became cash magnets and moved up at the end, with property group FLC maintaining its growth momentum and closing up 3.1%. FLC became the most actively traded stock on the southern market with 53 million shares traded.

Financial firm FIT was also one of biggest gainers, rising by 2% and reporting a matching volume of 30 million shares.

With 109 gainers and 84 decliners, the HNX-Index of the Hanoi Stock Exchange stood at 318.73 points at the close, inching up a slight 0.52% from the session earlier.

Among the bank stocks, NVB ended at the reference price, while SHB and BAB made a mild rise. Lender SHB also took the lead on the northern bourse by liquidity, with 16.7 million shares changing hands.

Other largecaps such as securities companies SHS and MBS and service company THD finished the day up and contributed to the growth of the index, while many steel stocks were among the best performers.

Steering committee requires prompt vaccination

June 18, 2021 by en.qdnd.vn

The meeting was chaired by Deputy Prime Minister Vu Duc Dam, who is also head of the steering committee.

The standing board agreed on specific instructions to create favourable conditions for local authorities and businesses to access and purchase vaccines and quickly transport them to Vietnam.

The Health Ministry will work with authorized suppliers and Ho Chi Minh City’s administration on the city’s needs for vaccines.

Localities and businesses must be cautious when seeking vaccines to avoid the case when the manufacturer commits to selling them but deliver in 2022, not in this year.

The standing board urged the Health Ministry to early issue a document on extending the groups prioritized to receive vaccination, while preparing for launching the free-of-charge expanded vaccination drive and on-demand paid vaccination service after completing inoculation for priority groups.

Participants agreed to create the best possible conditions for the trial of homegrown vaccine. If the trial goes well, in the context of vaccine scarcity the Ministry of Health will submit to competent agencies for approval for use homegrown vaccines in emergency circumstances.

The Ministry of Health will coordinate with ministries and sectors to submit to the Government a proposal on accessing all vaccine supply sources in the world towards the goal of achieving herd immunity by the end of 2021, and create mechanisms to facilitate investors’ investment in the production of vaccines in the country to serve not only domestic use but also export.

The health ministry reported that in the coming time, along with Pfizer vaccine already bought, Vietnam is expected to receive a number of vaccines that have been approved for emergency circulation by the World Health Organisation.

Source: VNA