Ftse vn index

VN-Index hits new peak as Masan, Hoa Phat shares rise

April 14, 2021 by e.vnexpress.net

The index continued Tuesday’s dip in the morning, falling to the 1,230 range, before gradually climbing throughout the day and ending with a near 8-point gain. The index has surpassed the 2018 level by 4.3 percent.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, plunged 17.6 percent to VND19.34 trillion ($844 million). The bourse saw 263 tickers gain and 153 lose.

The VN30 basket, comprising the 30 largest capped stocks, saw 20 in the green, led by MSN of conglomerate Masan Group with a ceiling rise of 6.9 percent, hitting a new peak this year.

MSN, however, has only gained 13 percent this year, roughly the same as VN-Index, while many blue chips have recorded a 30 percent increase or higher thanks to the bull market.

HPG of steelmaker Hoa Phat Group rose to a new historic peak with a 5.8 percent gain, as news of the group set to begin building its container plant in June amid a global shortage of the metal box stirs investor hopes.

NVL of real estate developer Novaland Group rose for the 10th consecutive session to a new all-time peak, up 3.6 percent.

Other blue-chip gainers include CTG of state-owned lender VietinBank, up 1.7 percent, and VCB of state-owned lender Vietcombank, up 1.2 percent.

On the losing side, VHM of real estate giant Vinhomes fell 2 percent, and VRE of retail real estate arm Vincom Retail dropped 0.8 percent.

Foreign investors turned net sellers to the tune of VND1 trillion, the highest in the last 18 sessions. Selling pressure was strongest on VHM and VNM of dairy giant Vinamilk.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.9 percent, while the UPCoM-Index for the Unlisted Public Companies Market added 0.32 percent.

Strong cash sends VN-Index rising to new record

April 14, 2021 by english.thesaigontimes.vn

Strong cash sends VN-Index rising to new record

The Saigon Times

Investors watch stock prices at a securities company in HCMC. The VN-Index hits a new record today, April 14 – PHOTO: TRAN LINH

HCMC – The strong cash flow pushed the VN-Index of the Hochiminh Stock Exchange up today, April 14, to its highest-ever level of 1,255.87 points.

With winners outnumbering losers by 263 to 153, the main index added 7.54 points, or 0.6%, from the session earlier. The southern market saw nearly 862 million shares worth over VND19.3 trillion changing hands, declining by 16% in volume and 18% in value compared with the previous session. Some 48.5 million shares worth over VND1.6 trillion were traded in block deals.

Among blue-chip stocks, consumer goods company MSN increased to its ceiling price of VND100,700 and saw 6.6 million shares changing hands. Lender EIB also closed the day at its ceiling price of VND25,250.

Bank stock VCB ended the morning session at its reference price but rose 1.23% at VND98,700 in the afternoon session, while steelmaker HPG surged 5.79% at VND53,000.

Besides Vingroup stocks, a few blue-chip stocks ended in the red but their decline was mainly below 1% each.

The strong cash flow pushed many other stocks to their ceiling prices. For example, construction firm ROS rocketed to VND6,740 with 69 million shares being traded. Real estate developer FLC also soared to VND12,400 with 41.7 million shares matched and industrial zone developer ITA jumped to VND8,880 with 32.6 million shares traded.

Real estate stocks HQC and DLG were not outsiders to the trend, rising to VND4,450 and VND4,000, respectively. There were 30 million HQC shares and 26 million DLG shares changing hands.

FLC’s affiliates, AMD and HAI, also rocketed to their ceiling prices of VND5,940 and VND5,390, respectively.

Developments on the Hanoi Stock Exchange were similar to those on the southern bourse as the HNX-Index also increased from the beginning of the session and closed at its highest level of the day.

The index picked up 2.64 points, or 0.9%, at 294.83 points with 146 gainers and 90 decliners. Trade volume and value dropped 28% and 31%, respectively, from the previous session, at 167 million shares worth VND2.8 trillion.

FLC’s associated firms, trading and food service firm KLF and securities enterprise ART, hit their ceiling prices of VND5,800 and VND11,400, respectively. KLF was the best performer in terms of liquidity on the northern bourse with 18.54 million shares transacted.

Mining group ACM also ended the day at its ceiling price of VND4,400.

Most of blue-chip stocks reported growth, of which petroleum stock PVS inched up 2.2% at VND23,600, securities stock VND increased 2.5% at VND37,100, and lender SHB rose 1.9% at VND196,000.

Ukrainian media spotlight Vietnam’s economic reform, new leadership

April 14, 2021 by en.qdnd.vn

The news site Porady published a feature on Vietnam’s new leaders and opportunities for Ukraine by Ruslan Bortnik, head of the Ukrainian Institute of Politics.

The article reviewed Vietnam’s outstanding achievements after 35 years of Doi Moi (renewal), especially political stability, economic growth, and responsibility in building an international environment of peace.

The author said an increasing number of IT start-ups in the nation has attracted a significant amount of foreign investment. The people and society, meanwhile, put enormous faith in the capacity of the new leadership to successfully carry out economic development tasks and strengthen the country’s position in the international arena.

In its recent article, from-ua.com said with achievements in the fight against COVID-19, Vietnam is planning to reopen its door to international visitors in July. The nation is also welcoming foreign investors in the context that it houses a large number of advanced production models and strong economic groups.

The article noted that high-ranking personnel changes taking place in stable political conditions and robust socio-economic development are a premise for strengthening local people’s confidence on the path of completing institution, promoting strong interactions between society and authorities, and improving the overall “happiness index”.

Other Ukrainian newswires, including Golos.ua, also posted articles analysing Vietnam’s reform experience and reviewing its growth, particularly the nation’s effective pandemic containment and economic development last year. They were confident in the new leadership’s capacity of steering the country toward sustainable growth and higher international positions.

Source: VNA

Deputy PM Vu Duc Dam urges scientific-technological breakthroughs for national development

April 14, 2021 by en.qdnd.vn

He said there are many things that need to be done to turn science-technology into the driver and a source of power of the economy, but the first task is to digitalise and use information technology to enable connectivity in management. Obstacles in financial mechanism should also be removed, the Deputy PM added.

Minister of Science and Technology Huynh Thanh Dat affirmed that the ministry will continue to work with relevant agencies to build specific mechanisms for developing science-technology.

Deputy Minister of Science and Technology Le Xuan Dinh reported at the meeting that science and technology has contributed greatly to national development, as seen in the growing contribution of the total factor productivity (TFP) to national economic growth, from an average 33.6 percent in the 2011-2015 period to 45.2 percent in the 2016-2020. The country’s Global Innovation Index (GII) was ranked 42nd among 131 countries and territories, third in ASEAN and topped the group of nations with the same level of income.

The country has begun to form an innovative startup ecology with around 3,000 innovative startups, which attracted approximately 1 billion USD of investment in the past two consecutive years.

Investment in science-technology now comes from both the State budget (52 percent) and businesses (48 percent) instead of relying entirely on the State like 10 years ago.

Source: VNA

2021 Vietnam Expo opens in Hanoi

April 14, 2021 by en.qdnd.vn

Addressing the opening ceremony, Deputy Minister of Industry and Trade Do Thang Hai said since 1991, the annual event has become one of the largest trade promotion events in Vietnam’s industry and trade sector, offering chances for firms to bolster exports as well as develop the domestic market.

This year, the event attracts 320 businesses of Vietnam and five other countries and territories, who showcase their products at 300 booths.

To enhance efficiency for firms amid the adverse impact of COVID-19, activities will be held both on-site and online via e-commerce platforms. An online version of the event will run until May 14 at www.online.vietnamexpo.com.vn.

The organisers said they chose the fair’s theme spotlighting digital transformation to advocate the Government’s national programme in this direction, in the hope of creating a platform to connect the business circle to relevant solutions and applications, thus enhancing their competitive edge in production and business.

The expo also features a national space of the Republic of Korea (RoK) run by the Korea Trade Investment Promotion Agency (KOTRA) in Hanoi for the 22nd consecutive year.

Source: VNA

Vietnamese more concerned about healthcare, economic growth amid pandemic: report

April 14, 2021 by e.vnexpress.net

The 2020 Vietnam Provincial Governance and Public Administration Performance Index (PAPI), issued Wednesday, is a nationwide policy monitoring report that surveys citizens’ opinions on the performance and quality of policy implementation and service delivery by Vietnam’s provincial governments. Last year, 14,732 respondents from all 63 cities and provinces were surveyed for the report.

While poverty remains the most important issue for around 18 percent of respondents, the percentage was much lower than in 2019 at around 25 percent, and is in fact the lowest since 2015. Instead, health, health insurance and economic growth has taken center stage, as concerns about economic growth rose from 10 to 13 percent, and those regarding health and health insurance dramatically rose from 2 to 17 percent from 2019.

The shift in concern reflects the overall anxiety among Vietnamese over the economic situation at home, especially amid the coronavirus pandemic. People’s satisfaction regarding their household economic situation has dropped to its lowest for the last five years, while their evaluation of Vietnam’s economy has also become the most pessimistic of the past three years, according to the report.

For the first time in a decade, more respondents said their household economic situation was either poor or very poor compared to those who reported it to be either good or very good. People’s confidence in the economy also remarkably shifted, with a record high proportion saying the national economic situation was bad, the report added.

Of greatest concern is the clear gender differences in 2020, with women more concerned with poverty, healthcare and education, while men are more worried about economic growth, national security, corruption and issues related to the East Sea, known internationally as the South China Sea, the report stated.