Ha noi nagoya

An HAGL Agrico's farm. HNG was one of the stocks behind the market's fall on Thursday. — Photo baochinhphu.vn The market closed lower on Thursday as strong selling forces depressed indices. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index started off the afternoon with a steady rise. It hit a peak at around 2pm and then fell off to the baseline. The index rose again at 2:15pm and reached half the previous peak. It held steady for about 15 minutes and suddenly suffered a free fall in the last minutes to 1,273.66 points, roughly 1.62 points (0.13 per cent) below the baseline. The southern exchange was overrun by decliners whose number reached 243. Advancers' head count, meanwhile, was just 94. Three stocks hit ceiling prices whereas two sat at the other end. Thursday was a busy day for HoSE as investors traded 558 million shares on the exchange, equivalent to about VND14 trillion (US$600 million). The VN30-Index echoed the VN-Index pattern but with a slighter loss. … [Read more...] about Market slumps over slides in agricultural stocks

Shares inched down on Thursday morning, as a selling force dominated the market trend. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index reversed the recent rally, down 2.94 points, or 0.23 per cent, to 1,272.34 points. The market breadth was negative as 328 stocks slid, while 107 rose. Liquidity also decreased over the previous session, with the matching value on the HoSE reaching nearly VND6.3 trillion (US$268.3 million), a fall of 26 per cent. Foreign investors, meanwhile, net sold more than VND146 billion on the southern market. The index's reversal was due to stronger selling pressure at the end of the morning trade. The VN30-Index, tracking the 30 biggest stocks on the HoSE, posted a decline of 1.3 points, or 0.1 per cent, to 1,299.1 points. Weighing the market's sentiment, Becamex (BCM) lost nearly 2.6 per cent, leading the downside. It was followed by Vietnam Rubber Group (GVR), Novaland (NVL), BIDV (BID) and Vietinbank (CTG), all down in a range of 0.51-1.43 … [Read more...] about Market dips on strong selling force

Mr. Vu Van Thang, General Manager for Herbalife Vietnam and Cambodia said: “We’re proud and happy to see the continued expansion of the Casa Herbalife Vietnam Program , which is aligned with our long-term corporate social responsibility agenda and Herbalife Nutrition Foundation’s mission to help needy communities around the globe. Following this launch, we will work closely with the Viet Tri Orphans and Disabled Children Protection Center to help the children under this shelter to access nutritious meals on a daily basis and adopt active lives to grow healthily and reach their full potential.” Ms. Nguyen Thi Nghia, President of Viet Tri Orphans and Disabled Children Protection Center said: “We’re impressed with the valuable support that the Casa Herbalife Vietnam Program has brought to disadvantaged children in Vietnam over the past several years . Therefore , we’re very delighted that this meaningful program has been introduced to Viet Tri Orphans and Disabled … [Read more...] about Herbalife Vietnam Brings Good Nutrition to Needy Children

Hanoi will play a key role in connecting visitors to tourist destinations in Vietnam. The Vietnamese Ministry of Culture, Sports and Tourism needs to actively support major tourism businesses to build routes linking localities, and restart heritage digitalization with the participation of travel companies to create new tourism products. Deputy Prime Minister Vu Duc Dam speaks at the meeting. Photo: VGP This is one of the requirements made by Deputy Prime Minister Vu Duc Dam on August 17 at the meeting on removing difficulties and promoting tourism recovery so that the industry would become a key economic sector. The Deputy Prime Minister requested the Ministry of Industry and Commerce to urgently submit to the Prime Minister the adjustment of electricity prices so that accommodation establishments would be entitled to energy rates equal to those of manufacturing facilities. The Ministry of Culture, Sports and Tourism, associations, and tourism businesses … [Read more...] about Vietnam deploys diverse solutions to revive tourism industry

Denmark, through strategic sector cooperation (SSC) with Vietnam, helps implement national action plan in agriculture while promoting the engagement of stakeholders in the value chain. Among issues shared at an event held in Hanoi on August 17, Vietnamese officials, experts, and businesses were impressed with the philosophy of “producing more from less” in Denmark’s agri-food sector. Denmark targets the climate-neutral food industry by 2050. Photo: Danish Agriculture and Food Council Troels Jakobsen, Trade Counsellor of the Embassy of Denmark, said Denmark produces three times more food than the Danish population can consume, with some of the lowest greenhouse gas emissions in Europe. The idea was shared at Seminar – Business Matchmaking held in Hanoi on August 17 to discuss Danish experiences and solutions in sustainable agri-food production. Meanwhile, Jeppe Søndergaard Pedersen, International Chief Advisor, the Danish Agriculture and Food Council, … [Read more...] about “Produce more from less”: Danish agricultural philosophy for Vietnam

The credit quality of real estate firms is at a good level with financial leverage below 1.5x. During the first seven months of 2022, over VND420 trillion (US$18 billion) was pumped into the real estate market. The figure could be raised to VND800 trillion ($34 billion) by the end of the year in case of favorable conditions. Investors looking at a real estate project in Me Linh District, Hanoi. Photo: Pham Hung Economist Can Van Luc, a member of the National Financial and Monetary Advisory Council, shared the view at a real estate forum held on August 17, noting the figure is huge compared to total investment capital for the economy. According to Luc, while transaction activities have been subdued in recent months, this would pose a golden opportunity to restructure the market for more sustainable growth. “In the past, real estate was widely seen as the first option when people explore fields to invest in, and that is a huge risk to the economy,” Luc said. … [Read more...] about Over US$34 billion set to pour into Vietnam’s real estate market this year