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Strategy to invest in oil and gas stocks based on trend of worldwide prices, illustration photo At a talk show on selecting stock portfolios organised by VIR last week, Hoang Viet Phuong, director of Analysis at SSI Securities, said that liquidity has decreased considerably over the past few weeks, sparking concerns about cash flow. “There has been an obvious decline in the participation of investor groups who speculate or manipulate stocks. Secondly, investors have become more hesitant and worried about the risks in the stock market following its recent dip,” Phuong said. As the VN-Index surpassed the 1,200-point mark, experts have predicted that the market will undergo fluctuations, presenting certain difficulties to investors, especially short-term ones. “We expect the market to go sideways in anticipation of a recovery in the market,” Phuong said. In the third quarter, sectors related to commodity prices or supply chain disruption – such as oil, gas, and marine logistics … [Read more...] about Strategy to invest in oil and gas stocks based on trend of worldwide prices

Vietnam and Russia affirmed the role of each country in the other’s diplomacy and in the global forums. Russian Foreign Minister Sergei Lavrov told Vietnamese top leaders that Vietnam is one of Russia’s important and trustworthy traditional partners in Asia-Pacific. General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and Russian Foreign Minister Sergei Lavrov in Hanoi on July 6. Photos: VNA, Baoquocte Lavrov stressed the view at meetings with General Secretary of the Communist Party of Vietnam Nguyen Phu Trong, Prime Minister Pham Minh Chinh, and Foreign Minister Bui Thanh Son in Hanoi on July 6. “Naturally, our friendship and our solidarity are based on deep historical roots,” Lavrov said at the meeting with Prime Minister Pham Minh Chinh, Russia News Agency reported. The Russian FM expressed his hope that the two countries will continue making efforts for effective results of the Comprehensive Strategic Partnership which entered its … [Read more...] about Vietnam listed among Russia’s most trustworthy partners in Asia-Pacific: Sergey Lavrov

Investors watch stock prices on an electric board. — Photo vietnamfinance.vn The Ho Chi Minh City Stock Exchange has announced the top 10 largest securities companies this year. VPS Securities Joint Stock Company remained in top spot with a 17.59 per cent market share in the first half of the year though its second quarter share dipped marginally. SSI Securities Corporation continued to be in second position, but increased its market share from 9.66 per cent in Q1 to 10.02 per cent in Q2 to end the half with 9.81 per cent. VNDirect Securities Corporation remained in third place with 7.99 per cent during the year. In the top 10 Ho Chi Minh Securities climbed past Techcom Securities JSC to fourth position in Q2, with their half-year market shares being 5.58 per cent and 5.47 per cent, respectively. Mirae Asset, Viet Capital Securities JSC, MB Securities, KIS Vietnam Securities, and FPT Securities rounded off the top 10. In the year-to-date, especially since April, the … [Read more...] about HOSE announces list of top 10 securities companies

Steel wire rod products stored in a warehouse of Hoa Phat Group. — Photo hoaphat.com.vn Stock dividend is a common form on the stock exchanges and after each payment, a large amount of shares are pumped into the market. In July, it is estimated that the market may receive more than 1.6 billion shares. Notably, 1.34 billion shares of Hoa Phat Group (HoSE: HPG) will be issued to shareholders on July 20. The issuance is to pay 2021’s dividends at the rate of 30 per cent. Once it is completed, the total circulation of HPG Shares will increase to 5.8 billion units, the largest on the stock exchange. Previously, on June 20, the steel producer closed the final registration for a list of shareholders receiving cash dividends at the rate of 5 per cent and stock dividends at the rate of 30 per cent. For cash dividends, more than VND2.2 trillion (US$95.6 million) will be transferred to investors' accounts on July 6. Another steel producer - Ton Nam Kim (HoSE: NKG) is also preparing … [Read more...] about Over 1.6 billion shares could enter market in July

Specifically, by the morning of July 6, Dream Republic Joint Stock Company and Sheen Mega Joint Stock Company have not yet paid a total land-use fee of VND7.82 trillion to the tax agency. According to regulations, after the above deadline, the Ho Chi Minh City Auction Service Center will prepare documents to report the above results to the Department of Natural Resources and Environment and submit them to the People's Committee of HCMC on the cancellation of the auction results. According to regulations, if it is more than 180 days from the time the tax agency signed the notice, i.e., July 6, the auction winner still has not paid the land-use fee, the auction result will be canceled. At the same time, these two enterprises will not receive a total of VND319.2 billion of deposit (20 percent of the starting price). Previously on May 6, Thu Duc City Tax Department decided to coerce by deducting money from the bank accounts of these two enterprises. This decision is valid for 30 days. … [Read more...] about Two Thu Thiem land auction winners still fail to pay land-use fees

Heather and husband George arrived in Shanghai from New York in 2006 for a one-year adventure, but 16 years later their two-bedroom apartment in Shanghai’s historic former French Concession is the only home their children have ever known. So while repatriating to the United States is technically a homecoming for Heather and George, leaving Shanghai means leaving home for daughters Charlotte, 14, and Matilda, 12. Heather spent the month of June readying for a return to the United States. Her husband left weeks earlier with their family dog to help prepare for their new life in Washington D.C. "I haven't had the luxury to really grieve a lot of what I'm leaving behind because I need to get two kids and a cat out of here ... so it's been really focused on that logistics," she told Reuters from her flat which had just been emptied out by movers. The Kaye family are part of an exodus of both foreigners and locals from Shanghai as China's most cosmopolitan city tries to find its … [Read more...] about Goodbye Shanghai: After 16 years, Covid curbs send American family packing