Hoa phat group

Man prosecuted for organizing illegal stay for Chinese people

April 19, 2021 by sggpnews.org.vn

Accordingly, from mid-November last year, La Van Hoa was asked by a Chinese subject to find a discreet place for some other Chinese people to live and promised to pay him for that.

La Van Hoa accepted the offer and asked his fellow townsfolk Toan Van Tuan, 34, to accommodate those Chinese people.

From December 4 to 11 last year, Hoa contacted his Chinese contact to guide, rent vehicles, and prepare living conditions for the Chinese group in Tuan’s house.

When the police checked the house, they found that three Chinese people were illegally residing here, without entry papers into Vietnam.

These subjects were then quarantined and handled following the law.

By staff writers – Translated by Thuy Doan

VN-Index hits three-week low

April 22, 2021 by e.vnexpress.net

The index remained in the red throughout the day and started dipping to the 1,250 range in the early afternoon before falling non-stop in the last hour of trading to end with a 40-point drop.

This is the largest loss in a day since Feb. 8, bringing the index down to its lowest since April 2.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell nearly 11 percent to VND20.66 trillion ($). The bourse was dominated by red with 365 tickers losing and 80 gaining.

In the VN30 basket, comprising the 30 largest capped stocks, only two tickers, MWG of electronics retail chain Mobile World and VCB of state-owned lender Vietcombank, saw their prices unchanged, while the rest ended in the red.

Four tickers plunged by 6.9 percent, comprising MSN of conglomerate Masan Group, SBT of sugar producer Thanh Thanh Cong – Bien Hoa JSC, SSI of leading brokerage SSI Securities Corporation and VRE of retail real estate arm Vincom Retail.

SBT has experienced eight consecutive unchanging and losing sessions, falling by 13 percent in the last two weeks.

SSI dropped to its lowest this month, while VRE fell to March 26 levels.

Other major losers include CTG of state-owned lender VietinBank, down 6.8 percent, and STB of Ho Chi Minh City-based lender Sacombank.

VHM of real estate giant Vinhomes fell 5.1 percent, while VIC of its parent company private conglomerate Vingroup dropped 3 percent. The two tickers contributed most to the VN-Index plunge, pulling it down by a total 8.7 points.

Foreign investors were net sellers for the sixth session in a row to the tune of VND133 billion.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 3.18 percent, while the UPCoM-Index for the Unlisted Public Companies Market fell 2.42 points.

Local stocks tumble due to market sell-off

April 22, 2021 by english.thesaigontimes.vn

Local stocks tumble due to market sell-off

The Saigon Times

An employee of HCMC Securities Corporation looks at stock quotations on a desktop computer. The benchmark VN-Index of the HCMC market shed over 40 points to close at its intraday low today, April 22, due to a strong sell-off – PHOTO: THANH HOA

HCMC – The benchmark VN-Index of the HCMC market shed over 40 points to close at its intraday low today, April 22, due to a strong sell-off.

With 80 advancers and up to 365 decliners, the main index lost 40.46 points, or 3.19% over the session earlier at 1,227.82. Turnover on the southern bourse contracted nearly 8% in volume and 11% in value against the previous session at over 770 million shares and more than VND20.6 trillion, including some VND2 trillion worth of shares traded in block deals.

None of the stocks in the VN30 basket increased, with only lender VCB and mobile phone retailer MWG closing unchanged. Retailer VRE, brokerage SSI, sugar maker SBT, and consumer goods producer MSN were the poorest performers as they closed at their floor prices.

Besides this, two bank stocks CTG and STB nearly fell to their floor prices, plunging 6.8% and 6.7%, respectively. Other big losers were financial service provider TCH, lender BID, housing developer VHM, and electricity firm POW, which edged down around 5%, in addition to VIC, HDB, BVH, and KDH.

Regarding liquidity, lender STB was the most actively traded stock in the basket with over 35.4 million shares changing hands, followed by steelmaker HPG with a matching volume of 33 million shares, lender CTG with over 21.4 million shares, and lender VPB with 18.5 million shares.

Trading among speculative stocks also turned negative with scores of stocks felling to their floor prices such as ITA, HAG, HQC, HSG, SCR, TTF, KBC, PVD, HBC, DCM, and GVR. Of them, industrial park developer ITA reported the highest matching volume of over 22.7 million shares.

AMD, VIX, and VPG, meanwhile, bucked the market downtrend as they hit their upper limits.

Property group FLC and construction firm ROS, two members in the FLC family, were the two most actively traded stocks on the southern bourse, with 38.1 million and 36 million shares transacted, respectively, but they ended with losses.

On the northern bourse, the HNX-Index lost 9.44 points, or 3.18% versus the previous session to close at 287.04, with 39 stocks rising and 157 others dipping. Lender SHB led the Hanoi market by liquidity with over 29.9 million shares traded.