Index fund in vietnam

Though the benchmark VN-Index has lost nearly 19 percent this year, the bank said it was confident about the long-term prospects of the market as companies have been "on a roll" in terms of growth and profits in recent years. The average earnings per share of listed companies had grown by 35 percent last year, and while trading had dipped in the last few months, the Vietnamese market had surpassed Singapore and Indonesia to become the second largest in Southeast Asia behind only Thailand. Local retail investors accounted for around 87 percent of trading. Though foreigners had been mostly withdrawing from the market for nearly three years, they "have started to dip their toes into this market again" in the past few weeks. This was because only seven of the 30 biggest stocks on the main bourse, the Ho Chi Minh Stock Exchange, had reached their foreign ownership limit. Overall the VN-Index had a foreign ownership limit of 44 percent, and current foreign holdings were at less … [Read more...] about HSBC optimistic about Vietnam stock market despite plunge

Vietnam’s scholars are ready for study success in Australia The 55 awardees, drawn by central and provincial governments, NGOs, academic institutions, and the private sector, will undertake studies in a range of areas that support Vietnam’s long-term development. These include natural resource management, entrepreneurship, gender equality, disability inclusion, and vocational education management. This year, the scholarships included ten students under the Mekong-Australia Partnership – a regional initiative by Australia to support Mekong countries with common challenges. These scholars will have access to additional enrichment activities that will equip them with the skills needed to contribute to Vietnam’s emerging regional challenges. Australia’s Ambassador to Vietnam, HE Robyn Mudie said, “We will continue to support Vietnam to build its skills and capacity. These scholarship students are future leaders who will strengthen the Australia-Vietnam partnership and will … [Read more...] about Vietnam’s scholars ready for study success in Australia

Vespa motorbike decorated by painter Le Kinh Tai (Photo: VNA) Hanoi (VNA) – Winners of the 2022 “De Men” (Cricket) Award for Children will be announced at a ceremony on May 31, during which seven art works and items will be auction ed to raise funds to build or repair schools in mountainous areas. They include the jersey with all signatures of the Vietnamese national football team that championed the AFF Suzuki Cup 2018, the jersey of player Duy Manh – Ambassador of the “Schools for children” programme, a silk painting by artist Bui Tien Tuan, an oil painting by Pham An Hai, another by Pham Duy Quynh, a watch branded Ernest Borel GS8380C-22, and a Vespa motorbike decorated by painter Le Kinh Tai. The auction for the “Schools for children” programme was launched by the Vietnam News Agency’s The thao va Van hoa (Sports & Culture) newspaper on April 14 to connect artists, donors and the educational sector of localities so as to build or repair schools in far-flung … [Read more...] about Seven art works, items to be auctioned to raise funds for mountainous schools

World Health Organization members formally agreed on Tuesday to a plan to overhaul its funding model which has been described as "fundamentally rotten" due to its over-reliance on the whims of donors. The plan, which members had already agreed to on a preliminary basis last month, is seen as one of the most important likely outcomes of the U.N. agency's ongoing annual World Health Assembly in Geneva this week, at which the body is seeking a central role in global health policy. The agreement would mean that obligatory fees rise to up to 50% of the WHO budget by 2030-2031 at the latest, provided the body implements members' reform suggestions. The United States and Germany are the biggest country donors to the Geneva-based organization. Mandatory fees from the WHO's 194 members used to account for the bulk of the U.N. health agency's budget. That portion has shrunk to just 16% in recent years, WHO data shows. That has made it over-reliant on thousands of individual donations … [Read more...] about WHO donors agree to fix ‘rotten’ funding model

Tourism is an important contributor for VN's economy. Risk of slow growth Many forecasts released recently believe that Vietnam's economy will recover stronger. The GDP growth rate in the first quarter of the year is estimated at 5.03 percent, inflation is well under control so far, and the Consumer Price Index (CPI) in the first four months of the year has increased by 2.1 percent. However, despite optimism about the prospect of recovery, all forecasts warn that Vietnam needs to be cautious with the risk of slow growth against rising inflation. Asso. Prof. Dr. To Trung Thanh from the National Economics University, said that with the pandemic situation well under control and the economy receiving a boost from the new economic recovery support package, now economic growth can reach a target of 6.5 percent as expected. However, even if the growth rate reaches 6.5 percent, the average growth rate for the period 2020 to 2022 will be only 4 percent, much lower than the average … [Read more...] about Mindset change needed to face rising inflation

Workers processing seafood at a Vinh Hoan factory. VHC was among stocks lifting indices yesterday.-Photo seafood.vasep.com.vn On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index started off the afternoon session with an inverse head and shoulders pattern but later broke the neckline to reach 1,233.38 points, up 14.57 points, or 1.2 per cent. The market’s breadth was positive with advancers outnumbering decliners by 223 to 211. Notably, three stocks hit floor prices whereas six hit ceiling prices. The market’s liquidity was low with only 479 million shares traded on the southern bourse, equivalent to VND12 trillion (US$520 million). The 30 biggest stock tracker VN30-Index rose by 17.36 points, or 1.38 per cent, to end at 1,272.71 points. In the basket, 26 stocks climbed while four slid. Masan Group (MSN) continued to lead the market rally with a gain of 4.31 per cent. Other major stocks behind the pick-up included Vietcombank (VCB), Vietnam Dairy Products (VNM), … [Read more...] about Market ends bullish on strong buying forces