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The national flag carrier recently requested the government to allow ticker HVN to continue trading on the Ho Chi Minh Stock Exchange (HoSE), where the biggest companies in the country a r e listed, although it could record negative equity in a "short" period. Vietnam’s Securities Laws state a company that has an accumulated loss exceeding its charter capital or recording negative equity in the latest annual financial earnings report be considered for delisting. The company recorded a negative VND2.75 trillion ($120.43 million) in equity in the second quarter. It also requested more support solutions to help it recover. It wants to reopen international flights soon to countries deemed Covid safe and to apply vaccine passports to those who are fully vaccinated. Vietnam Airlines, in which the state holds a 86 percent stake, recorded an accumulated loss of VND17.77 trillion ($780.48 million) as of June 30. It had recently issued nearly 800 million shares to increase its … [Read more...] about Vietnam Airlines seeks to continue HoSE listing despite losses

Vietnam’s tuna exports to EU see strong surge thanks to EVFTA Vietnam exported 15,870 tonnes of tuna worth 73.33 million USD to the European Union in the first half of 2021, up 39.3 percent and 31.6 percent, respectively, against the same period last year, according to a journal published by the Ministry of Industry and Trade (MoIT). The tuna shipments accounted for about 15.1 percent of Vietnam’s total seafood export value to the EU. In the second quarter of 2021, the country shipped 9,360 tonnes of tuna to this market, raking in 45.05 million USD, up 43.9 percent in volume and 59.3 percent in value from the previous quarter. The surges were attributed to tariff reductions granted to Vietnam’s tuna products under the EU-Vietnam Free Trade Agreement (EVFTA), which took effect on August 1, 2020. According to the MoIT, Vietnamese tuna was sold at 4.62 USD per kg on average to the EU in the first six months of the year, down 0.27 percent year on year. The global tuna prices … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 25

Workers process chilled meat at the Masan's meat processing complex in Long An Province. Masan's shares declined more than 5 per cent yesterday. — Photo courtesy of Masan Robust selling pressure at the end of the session drove the VN-Index down more than 26 points, or 1.94 per cent, to close Monday at 1,324.99 points. On the Ho Chi Minh Stock Exchange, the red covered most of the electronic board with 377 stocks falling, only 47 rising and 42 closing flat. In the VN30 basket, which tracks the top 30 shares by market value and liquidity, 24 sank while only two advanced and four ended unchanged. Masan Group (MSN) was the stock dragging the market most with a loss of more than 5 per cent, followed by other heavyweights such as Vinhomes (VHM), Vingroup (VIC) and Vietcombank (VCB) which decreased by more than 1 per cent each. Twenty-four sectors out of 25 tracked by vietstock.vn lost value, led by finance, insurance, securities with an average loss of around 5 per cent each; … [Read more...] about Shares sink in the red on cautious investor sentiment