Saigon market vietnam

FPT Corporation's headquarter in Cau Giay District, Ha Noi City. The company shares went against the market's trend, up 4.3 per cent in market capitalisation last week. — Photo hcmfpt.vn Viet Nam’s stock market struggled to find direction last week as liquidity fell continuously and foreign investors net sold a value of more than VND2.22 trillion (US$96.6 million), causing analysts from securities firms to have cautious views of the market this week. On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index inched down in the last trading session to 1,268.83 points, while the HNX-Index on the Ha Noi Stock Exchange (HNX) plunged to 301.77 points. For the week, the VN-Index lost 2.34 per cent and the HNX-Index plummeted 1.95 per cent. Both benchmarks had declined more than 4 per cent since the close of trade Monday. The liquidity on both exchanges declined compared to the previous week. It was lower than the recent 20-week average, with a value of VND20.5 trillion … [Read more...] about Securities firms cautious on directionless stock market

Pandemic-hit HCM City looks to sustain growth momentum this year Ho Chi Minh City, the biggest economic hub in southern Vietnam, aims to sustain growth momentum in the remaining months of 2021 even when it is battling the worst-ever COVID-19 resurgence which began in late May. Data from the municipal Statistics Office, the city’s Gross Regional Domestic Product (GRDP) grew 5.46 percent year-on-year in the first half of this year. Total retail sales of goods and services reached about 542 trillion VND (23.5 billion USD), up 7.3 percent year-on-year. Budget revenue exceeded 198.56 trillion VND, up 20.7 percent and representing 55.7 percent of the yearly plan. Its Industrial Production Index (IIP) picked up 5.9 percent during the period, with growth seen in all four key industries – food and beverage (1.2 percent), pharmaceutical chemistry (2.6 percent), electronics (15.6 percent), and mechanical engineering (10.7 percent). This year, HCM City sets to achieve … [Read more...] about VIETNAM BUSINESS NEWS JULY 25

A corner of Ho Chi Minh City (Photo: VietnamPlus) HCM City (VNA) - The rental property market in Ho Chi Minh City , in the second quarter but particularly since the beginning of June, has encountered a great deal of difficulty as a result of the COVID-19 pandemic, which is spreading fast in the city and other southern localities. Sharp fall in profitability of rental apartments Dinh Minh Tuan, Director (southern region) of the property website Batdongsan.com.vn, said that due to negative impacts upon the market, in particular, the most recent coronavirus outbreak, the price to earnings ratio of rental apartments and shophouses continues to follow a strong downward trend. This slump has persisted for the last three years, with high-end apartments feeling the brunt. He cited a study by the website showing that earnings from rental apartments in HCM City went from between 6 to 8 percent in 2017 and 2018 to about 5.2 percent in 2019 (as calculated by 12 months of … [Read more...] about COVID-19 resurgence worsens HCM City property market

Illustrative image (Photo: VietnamPlus) Hanoi (VNA) – The real estate market in the first half of 2021 was like a “spring” that was pressed when COVID-19 resurged, and rebounded strongly once outbreaks were over, and the more it is pressed, the more strongly it will rebound, said a representative of Batdongsan.com.vn. The COVID-19 resurgence in the second quarter has caused considerable adverse impacts on many provinces and cities nationwide. However, the property market still recorded encouraging signs in terms of investment, supply, and newly established firms, promising a rosy outlook for the market in the rest of the year. “Land fever” moving to countryside areas A representative of Batdongsan.com.vn, a member of PropertyGuru - a group owning Asia’s leading property tech platforms, said demand in the real estate market in April dropped by nearly 18 percent from the previous month. Northern Hai Phong city topped the localities with the sharpest nosedive of 34 … [Read more...] about Property market to rebound strongly once virus resurgence controlled

India and Vietnam are ranked among the top five countries globally to be hit by Android/FakeAdBlocker malware, according to ESET, a Slovak internet security company headquartered in Bratislava. Vietnam is the country with the most android malware attacks in the Asia Pacific region, reported Techwire Asia.com. The country is one of the fastest-growing economies in the ASEAN region. With fast growth, increased tech usage has also seen more mobile devices enter the market. There are 61.3 million smartphones in Vietnam, making the country among the top 10 users of smartphones after China, India, Indonesia, and Japan, it said, adding that the increase in the number of mobile devices also led to increasing cybersecurity concerns. Mobile devices are vulnerable to cyberattacks and continue to be targeted by cybercriminals, and can be easily affected by malware via apps, emails, and even text messages, according to the website. Android/FakeAdBlocker is an extremely … [Read more...] about Vietnam is one of the top 5 targets of Android malware

The new Mondelez Kinh Do Vietnam brand identity. — VNS Photo Mondelez Kinh Do Vietnam has announced its new brand indentity, a strategic move after Mondelēz International acquired Kinh Do in 2015 and made it part of Mondelēz's global family of brands. The launch of the new brand identity is aligned with Kinh Do's values and commitment to accompany Vietnamese consumers throughout their daily lives and during special occasions. “With the dedication to serve and with the deep understanding of consumers’ desires, Mondelez Kinh Do team is very proud to be the leading manufacturer and distributor of quality bakery products in Viet Nam,” said marketing director Simon Crowther, Mondelez Kinh Do Vietnam. As for the new brand identity, Kinh Do is committed to upgrade its packaging, taste, and quality and nutritional value in their products. Among the Kinh Do master brand portfolio, fresh breads and cakes pioneered to offer consumers these wonderful values. In August this year, … [Read more...] about Mondelez Kinh Do Vietnam launches new logo