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The market’s forward price-to-earning (P/E) ratio has declined from 14.1 to 10.9 since April, tracking the 23 percent drop by the benchmark VN-Index. The fund’s founder, Petri Deryng, said the crash came as "a complete surprise" as there was news of robust earnings growth and valuations were modest. Vietnam’s valuations are now irrational with a forward P/E ratio of 10.9 though Q1 earnings growth was 31 percent and the forecast for the full year is 19-29 percent, he said. Vietnam’s five-year historical rolling P/E has been 16.5, and even topped 20 during periods of strong earnings growth, he pointed out. "The outlook of the global stock markets cannot be ignored when assessing the possible timing of the bull runs of the Vietnamese market, but at these valuations Vietnam offers a stable economy and extremely cheap stocks," he said in a note published Thursday. Vietnam’s stock market was affected by the conflict in Ukraine and the fall of the Nasdaq, but the crash was mainly … [Read more...] about Vietnam stocks ‘extremely cheap’: Finnish fund

Cambodia's Sarun (white and yellow) shows a superb performance to help his team win the historic bronze medal. — VNA/VNS Photo Anh Tuấn HOÀNG HỒ QUẢNG NINH — Facing mighty Thailand in the third-place volleyball match, Cambodia's men played one of the best games in their career, shocking their opponent with an intense 3-2 win at Đại Yên Sports Complex in Quảng Ninh Province on May 21. The match was exciting from the very first attack, with Thailand continuously taking the lead. However, brilliant form by Cambodia's Sarun helped his team shorten the gap before completing a great comeback with a narrow 25-23 win in the first set. Despite the shock loss, Thailand kept their nerve and continued to dominate the second set. Once again, Cambodia fought back fearlessly, but the Thais were more careful this time, shutting the door to another comeback for the men in white and yellow to grab a 25-22 win. Despite now only being level, the Cambodians didn't lose their momentum, starting … [Read more...] about Cambodia win historic volleyball bronze

A representative of the HCM City Labour Confederation presents bank savings books to workers suffering from occupational accidents and diseases in District 5 on Friday, May 20. — VNA/VNS Photo Thanh Vũ HCM CITY — Regular communication and training in occupational safety is vital to ensure better working conditions and health protection, reducing workplace accidents, a senior labour leader says. Phạm Chí Tâm, deputy chairman of the HCM City Labour Federation, said at a conference held in the city last Friday (May 20) that it was necessary that the work on occupational safety and health in agencies, units, and business establishments becomes a “habit.” HCM City is among localities in the country with the highest number of work-related accidents. However, it has been making progress in this regard, the conference heard. Last year, the city recorded 544 occupational accidents, down 45.9 per cent over the previous year. These resulted in 549 deaths and injuries, a year-on-year … [Read more...] about HCM City should do more to reduce occupational hazards: conference

While there are many young workers in cities who are working hard to own a house, there are also some people who have decided to give up this dream for certain reasons. Giving up a mental burden Huynh Anh Tuan, a city dweller of Phu Huu District in Thu Duc City, Ho Chi Minh City, who suffered from a sharp drop in income during the COVID -19 pandemic, decided not to pursue his dream of owning a home. When he gave up on the plan, he felt relaxed after the great pressure was gone. Tuan set a goal many years ago to own his own home before he turned 30. To that end, Tuan took on many freelance jobs after graduating from college and invested a small amount in stocks. In addition, an acquaintance promised to lend him VND500 million ($21,650) if he bought a house, which fueled his strategy over time, at least before the pandemic. Although he had such an ambitious plan, now, at the age of 28, Huynh Anh Tuan is changing his mind because of COVID -19. As a freelancer, Tuan has … [Read more...] about “To buy or not to buy a house” an important question

The victory proved the effective and timely collaboration between the Vietnamese and Lao forces and forces in the Southern theater in the strategic offensive in 1972, contributing to failing the “Vietnamization” strategy of the U.S. and the “Nixon doctrine.” It also reaffirmed that defensive is the obvious operation in the liberation war and added more theoretical and practical values to the art of combat at the operational level of Vietnam in the resistance war against the U.S. invaders. As the operation went, the Central Military Commission of Vietnam and the Lao side informed the Command of the Plain of Jars – Muong Sui Campaign about the intention: Right after the end of the offensive operation in the area, our forces would shift to the defensive posture at the operational level, ready to break down any counter-offensive operations of the enemy. With good preparation, by May 20, 1972, the coalition forces had completed the firm and continuous operational defensive disposition, … [Read more...] about More lessons learnt from Xieng Khouang – Plain of Jars Victory in 1972

Mai and the Ambassador agreed to promote cooperation between the two countries in the fields of diplomacy, youth and cultural exchange. HCM City will offer 30-50 scholarships for Cuba students to visit and learn in the city each year as well as support the exchange of students between the two sides, the city official said. Mai suggested that the Cuban Ambassador pay attention to specific collaboration projects with the city in the fields of healthcare and teaching Spanish for the sake of cultural exchange. HCM City plans to hold several meetings this year to introduce potential cooperation areas between Cuba and the city, he said. For his part, the Cuban Ambassador said there is great room for cooperation and expressed his hope that HCM City will facilitate stronger collaboration between the two sides in the future. At present, Cuba is adopting many policies that can open up investment opportunities, he said, noting the hope that more businesses in HCM City take interest in … [Read more...] about Room remains for boosting HCM City – Cuba cooperation