Participant to market

On June 26, Thu Duc City Hospital opened the seventh zero-dong market after nearly two years of suspension due to the Covid-19 pandemic. The theme of this year's zero-dong market is " Love sharing - Giving is forever", with the participation of 35 stalls sponsored by units, individuals, and patrons, serving free of charge for more than 500 poor patients, who are being treated at Thu Duc City Hospital, and underprivileged, disabled, and helpless people in the area. At the zero-dong market, each underprivileged patient was given 14 vouchers to buy essential items displayed at the stalls and receive health advice, haircut, hair wash, and calligraphy paintings. Especially, the organizers also auctioned three paintings to raise funds for the program Loving porridge pot, giving patients free porridge at 6 a.m. every Sunday. MA- Dr. Vu Tri Thanh, Deputy CEO of Thu Duc City Hospital, said that the zero-dong market is the cooperation and contribution of patrons and benefactors inside and … [Read more...] about More than 500 patients participate in zero-dong market at Thu Duc Hospital

Some Vietnamese businesses specializing in producing molds, bicycle and motorbike parts, standard mechanical parts, power cable, plastic – technical rubber parts are quite promising since their products both satisfy domestic demands and are welcomed in other countries like Japan. However, the productivity of local enterprises in the support industry is rather limited due to a lack of capable, high-quality human resources, low investment in equipment, and insufficient information of international low-cost raw material suppliers. The establishment of the three support centers aims at assisting industrial manufacturers and enterprises of the support industry to innovate themselves, to carry out technological transfers, and to increase added value for the participation in the global supply chain. In addition, the Ministry of Industry and Trade is accelerating trading connections between Vietnamese export companies for support industry products and Japanese enterprises via the Vietnam … [Read more...] about Vietnam to increase export of support industry products to Japanese market

An office of Bao Viet Insurance Corporation in Ha Noi. By the end of May 2022, the total insurance premium revenue of the insurance market reached nearly VND94.28 trillion, up 16 per cent over the same period last year.-Photo mof.gov.vn The National Assembly on June 16 passed the amended Law on Insurance Business, with 94.2 per cent of delegates voting in favour. The revised law will enter into effect on January 1, next year. The Law stipulates the organisation and operation of insurance companies, the rights and obligations of organisations and individuals participating in insurance, and State management of insurance business activities. According to the Ministry of Finance (MoF), the country currently has 77 insurance companies, including 31 non-life insurance companies, 19 life insurance companies, two reinsurance companies, 24 insurance brokerage companies and a branch of a foreign non-life insurance company. Data from the Vietnam Insurance Association showed by the end … [Read more...] about New policy boosts insurance market’s long-term development

A worker operating a production line inside a Duc Giang Chemical plant in Hung Yen Province. In 2022, Duc Giang Chemical Group Joint Stock Company (DGC) sets a target of VND12.1 trillion in revenue and VND3.5 trillion in profit after tax. — Photo ducgiangchem.vn Thanks to their good growth potential and attractive valuation, chemical stocks are being included in the portfolios of investors. The stock market last week recorded four out of five declining sessions, of which the first session of the week recorded the strongest decline with the VN-Index losing more than 57 points. Some investors see this as an opportunity to hunt for cheap stocks. Pham Dinh Cong from Ha Noi told tinnhanhchungkhoan.vn that he had taken the opportunity to buy some stocks in the past week, prioritising the enterprises with good financial status and growth potential, such as the chemical group. According to ACB Securities Company (ACBS), in May 2022, the industrial production index of the chemical … [Read more...] about Chemical firms see growth potential thanks to rising selling prices

Jesse Choi, CEO of Sunwah Innovations and director of Sunwah Vietnam talked about Vietnam's market entry opportunities and strategy The webinar received around 100 participants including experts and representatives of corporates, startups, universities, incubators and accelerators, venture capital firms, and business associations from Vietnam and neighbouring countries and territories including Cambodia, Singapore, Japan, South Korea, China, and Hong Kong. Vietnam has seen significant improvements in developing a dynamic and open business environment. In the post-pandemic period, the country stands firm as one of the most attractive destinations in the Southeast Asian region for foreign investors and businesses including venture capital firms and startups. Realising an increasing need from overseas startups and supporting organisations to explore and gain footholds in the market, Sunwah Innovations organised the Vietnam Market Entry Opportunities and Strategy webinar. It was … [Read more...] about International webinar on Vietnam’s Market Entry Opportunities and Strategy

According to the Petroleum Securities Company, Vietnam’s stock market has been in a downtrend since June 15 when it fell more than 20 per cent from its all-time high and around 19 per cent since the start of 2022. The VN-Index has also continuously broken important support levels, notably the highly-expected support test area of 1,200 points. This left investors unable to understand the cause, with some in a state of panic when the stock reached the lowest point last week and plummeted steeply again this week. At a talk show named “Taking action in the eye of the storm” held by VIR on June 23, Ngo The Hien, analyst director of Hanoi Securities Company explained the sharp decline was based on three factors. “The market is impacted by negative signs, particularly news that US inflation is reaching peaks, which prompted the Federal Reserve to increase interest rates by 0.75 percentage points, thus producing market volatility in the global and domestic market,” Hien said. “Secondly, … [Read more...] about Spooked investors keep tabs on market turbulence