An investor looking at the stock trading board inside the Ho Chi Minh Stock Exchange (HoSE)'s building. — VNA Photo Even though foreign investors have become net sellers on the stock market, they have fled to bonds and are waiting for future investment opportunities, said Tran Van Dung, Chairman of the State Securities Commission of Viet Nam (SSC). In the first nine months of the year, foreign investors net sold nearly VND30.2 trillion (US$1.3 billion) on the country’s stock market. Of which, foreign investors net sold over VND40.3 trillion of shares and net bought VND10.1 trillion of bonds. Compared to the international market, the net sold value of foreign investors on Viet Nam’s stock market is lower than that of other countries in the region. In a press conference, the chairman of SSC said that the net selling was due to a number of factors such as the impact of COVID-19 and profit-taking on portfolios that have been disbursed in 2019 and 2020, after the stock market … [Read more...] about Foreign cash flows remain high despite continuous net selling
Ha noi stock exchange
PANO – The Standing Office under the State Steering Committee for the National Action Programme on Overcoming the Aftermath of Bombs, Mines and Explosives Left by the War in the 2010-2025 period (Programme 504) held a press briefing and opened the exhibition “Overcoming the aftermath of bombs and mines left by the war for a peaceful life” on the morning of March 25th, at the Military Engineering Museum. Present at the event were Lieutenant General Nguyen Thanh Tuan, Chief of the Political Education and Information Department, and Chief of the Dissemination Subcommittee of Programme 504; Major General Le Phuc Nguyen, Editor-in-Chief of the People’s Army Newspaper, and Vice Chief of the Dissemination Subcommittee of Programme 504; Major Pham Quang Xuan, Commander of the Military Engineering Corps, and Vice Chief of the Standing Office of Programme 504; along with representatives of Central ministries and agencies, and reporters. Major General Le Phuc Nguyen, … [Read more...] about Vietnam needs int’l support in clearing unexploded ordnance
The Ministry of Labour, Invalids and Social Affairs holds the 10th ASEAN Social Work Consortium Conference (ASWC) via videoconference (Photo: VietnamPlus) Hanoi (VNA) – As Chair of the ASEAN Social Work Consortium for the 2020 - 2021 period, the Vietnamese Ministry of Labour, Invalids and Social Affairs held the 10th ASEAN Social Work Consortium Conference (ASWC) and the regional retreat in commemoration of the 10th anniversary of the ASWC via videoconference on September 21. The event brought together officials and heads of the agencies in charge of the issue of ASEAN countries. The Vietnamese side included representatives from ministries, sectors, associations, the social work faculties of universities and academies, hospitals, and relevant international organisations. The 10th ASWC takes place on September 21 and 22 under the theme “Social Workers at the Heart of the COVID-19 Recovery”. At the conference’s open sessions on the first working day, representatives from … [Read more...] about ASEAN Social Work Consortium convenes 10th meeting
The expert from the RMIT University told The Hanoi Times about solutions for the foreign-invested businesses' labor-intensive fields. How would you comment on the losses of foreign enterprises operating in the labor-intensive fields after a long social distancing period? Dr. Seng Kiat Kok, Senior Program Manager of Human Resource Management and Entrepreneurship at RMIT University. Photo: RMIT This is a very challenging and difficult time for all businesses. Some companies have not been able to pivot or look at alternative approaches to operate their business, whereas others have been able to invest in either machinery or altered their product offerings to meet Covid-safe regulations for the workplace and also for lockdown demand. Others have not only seen resourcing issues when supporting their staff through the lockdown but have faced an extended period with little to no income. This has been particularly testing, although some have also seen the … [Read more...] about Foreign enterprises need investing in upskilling Vietnamese laborers: RMIT expert
The ticking time bomb of Evergrande has been making headlines for many days. The world's most indebted real estate group is saddled with more than $305 billion in debt and has issued repeated warnings that it could default. Currently, Evergrande's stock and bond prices are falling sharply, declining 90 per cent from their peak in 2020. Shareholders and 70,000 investors stand to lose almost everything as the Chinese government signalled intention to let Evergrande handle matters on its own under market mechanisms. According to CNBC , the Evergrande is threatening to push over real estate companies like a line of dominoes stretching across China while the international press is making a list of other large enterprises whose hefty debts could catch up with them after property sales and debt credit decline. The cooling of the housing market could pose a serious risk to the Chinese economy, as the real estate industry contributes nearly 30 per cent of its GDP and is one of the … [Read more...] about Vietnam’s real estate scene post-Evergrande: who will stand tall?