Industrial trade services

The stock authorities would provide information on the proprietary trading of securities companies for each ticker. The Ho Chi Minh City Stock Exchange (HoSE) started releasing information on proprietary trading on May 17, with the Hanoi Stock Exchange (HNX) to follow before May 23. Investor at a securities company in Hanoi. Photo: The Hanoi Times Acting Chairwoman of HoSE Nguyen Thi Viet Ha told local media, noting the stock exchange would provide information on transaction activities for each ticker. Meanwhile, the HNX’s representative said the disclosure of information on proprietary trading would start before May 23 as instructed by the State Securities Commission of Vietnam (SSC), due to the time required for technical preparation. In March, the HoSE announced it would stop providing information on proprietary trading of securities companies from March 1, seen as one of the first signs of the investment trend in the stock market. Proprietary trading … [Read more...] about HoSE releases information on proprietary trading

Omnichannel shopping will still dominate the retail market and businesses need to continue improving their competitiveness to optimize the shopping process. E-commerce is still growing strongly, contributing to post-pandemic economic recovery, local experts said. Local consumers shop more on e-commerce floors in Vietnam. Photo: PVcomBank The market still has a lot of room for development with 71% of Vietnam’s internet users having made at least one online purchase. More than 90% of Vietnamese users will continue to use digital services, and 81% believe online shopping will become an indispensable part of daily life. Some local experts said that it is undeniable that the strong investment foundation during the pandemic has created momentum for businesses to develop e-commerce. At the same time, the field of digital transformation and online business accounted for a more important proportion of the management and operation of Vietnamese enterprises. Speaking … [Read more...] about Vietnam’s e-commerce: driver for economic recovery in post-Covid-19

All state firms should further shift their investment activities towards using green technology with lower carbon emission levels. The Vietnamese Government sets a target of having at least 10 state-owned enterprises (SOEs) with a market capitalization of over US$5 billion and around 25 with around $1 billion in the next five years. Production at Ca Mau Fertilizer Plant. Photo: Hoang Anh The goal was set in a Government resolution No.68 signed by Deputy Prime Minister Le Minh Khai on enhancing efficiency in the management of state resources at SOEs. For the next five years, major state corporations are expected to increase their contribution to the state budget by 5-10% compared to the 2016-2020 period. “All state firms should further shift their investment activities towards projects using green technology with lower carbon emission levels,” it noted. Under the resolution, the Government urged ministries and agencies to continue channeling SOEs’ … [Read more...] about Vietnam targets to have 10 SOEs with over US$5-billion market cap by 2025

The conference at the Merchants' Chamber of Commerce & Industry (MCCI) in Kolkata – the capital of the West Bengal state - attracted representatives from 50 Indian businesses and many Vietnamese companies, while the event at the Chamber of Commerce in Calcutta saw the participation of 40 enterprises. Addressing the events, Ambassador Pham Sanh Chau highlighted the close relationship in history, politics, culture and people-to-people exchange between Vietnam and India in general and between Vietnam and West Bengal in particular, noting that the bilateral relations are increasingly strengthened in the five pillars of politics, defense-security, economy, science and technology, and education - culture. Two-way trade expanded to over 13 billion USD in 2021 from 200 million USD in 2000, turning India into the 8th biggest trade partner of Vietnam, approaching the 15-billion-USD target set by leaders of the two countries. Regarding investment, as of March 20, India had 317 valid … [Read more...] about Conferences help beef up Vietnam – India trade, investment, tourism ties

The US IT company expects to help Vietnam build up digital skills for both private and state sectors, as well as develop data science. Microsoft expects to strengthen cooperation with Vietnam in digital transformation and cyber-security and help the country realize its goal of net-zero carbon emission by 2050. Prime Minister Pham Minh Chinh and Microsoft Vice President Sandy Gupta. Source: VGP Vice President of Sales, Marketing, and Operations at Microsoft Asia Pacific Sandy Gupta gave the remarks during a meeting with Prime Minister Pham Minh Chinh on May 17, expecting this would further contribute to the development of a green and digital economy in Vietnam. According to Gupta, this century would be the time for Asia to thrive, and Vietnam in this process would be among the key contributors. At present, Microsoft is making huge investments in new technologies and solutions, such as cloud computing, artificial intelligence, open-source, and new … [Read more...] about Microsoft seeks greater cooperation with Vietnam in digitalization

Buyers at a supermarket (Photo: SGGP) Different from the boring scene when the Covid-19 epidemic raged, in recent months, especially on the big holiday of April 30 and May Day, Ho Chi Minh City has witnessed a bustling shopping scene again at commercial centers and supermarkets. Large shopping centers such as Aeon, BigC, Emart, MM Mega, or supermarket systems Saigon Co.op, Satra have seen crowds of customers who were waiting in line to buy commodities. A representative of Aeon Vietnam said that during the past holiday, business locations across the country have recorded positive growth. For example, at Aeon General Department Store and supermarket - Tan Phu, the number of visitors and purchasing power increased by 30 percent compared to weekends in the first few months of the year. Ms. Huynh Thi Kim Thanh, Director of General Department Store and supermarket Aeon Tan Phu said that compared to the holiday of April 30, 2021, the number of visitors to Aeon - Tan Phu this year … [Read more...] about HCMC sees purchasing power increase, recovery of retail industry