A trader observing the market's movements on his computer. — Photo baodautu.vn After hitting a bottom of around 1,140 points in early July, the stock market had recovered for four straight sessions, with the benchmark VN-Index surpassing the threshold of 1,250 points. Notably, liquidity improved significantly last week and has now exceeded the recent 20-week average. This marked the second week of such an increase, showing that investors' interest is improving. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index ended the week at 1,252.74 points, down 0.11 per cent. Meanwhile, the HNX-Index on the Ha Noi Stock Exchange (HNX) closed higher, up 0.73 per cent to 299.9 points. For the week, the VN-Index rose by 3.85 per cent and the HNX-Index was up 3.91 per cent. Trading value on HOSE increased by 39.2 per cent from the previous week to VND83.1 trillion (US$3.5 billion), equivalent to a gain of 47 per cent in volume to more than 3.5 billion shares. On the northern bourse, … [Read more...] about Investors’ risk appetite continues to improve this week
Saudi prince asks 40 million for 39 bathroom beverly park compound
Giants reshape retail pharmaceutical market
A Long Chau drugstore. The pharmaceutical retail market was seeing the rapid expansion of modern drugstore chains. — Photo FPT Retail The winds of change are blowing through Viet Nam’s retail pharmaceutical industry, with giants wrapping up investments to establish modern retail chains in an anticipated fast-growing market, which mom-and-pop stores currently dominate. After Pharmacity, FPT’s Long Chau, and Mobile World Investment Corp’s An Khang pharmacy chains, Masan Group is supposedly gearing up preparations to enter the pharmaceutical retail market. According to the national portal about business registration, Winphar Trading Services Corporation was founded on March 31 with WinCommerce, holding a stake of 80 per cent, Do Thi Hoang Yen and Tran Phuong Bac, 10 per cent each. WinCommerce, a member of Masan Group, currently operates the most significant nationwide grocery modern trade retail platform Winmart and Winmart+ while Yen and Bac both held important positions at … [Read more...] about Giants reshape retail pharmaceutical market
SIHUB – EXPARA Accelerator batch 4 – 2022 started
The startup accelerator program, SIHUB - EXPARA Accelerator batch 4 - 2022, has officially been launched. (Photo: SGGP) At this event, SIHUB and EXPARA officially introduced the sixth investment fund, Expara Southeast Asia Ventures, with a scale of up to US$450 million. Of which, one-third of the fund is for the Vietnamese market. When attending SIHUB - EXPARA Accelerator batch 4 - 2022, startups will have the opportunity to expand their network of partners, seek investors, learn from the experience sharing of CEOs, advisors, and guests, and have a chance to receive funding of up to $150,000. Investment enterprises that receive data from startups with growth potential can consider investing in and expanding that model. In addition, large enterprises can look for profitable investment opportunities through Expara Southeast Asia Ventures. Expara Southeast Asia Ventures is an early-stage (seed stage) venture capital fund that primarily invests in next-generation technology … [Read more...] about SIHUB – EXPARA Accelerator batch 4 – 2022 started
Vietnam News Agency joins hands to support AO victim in Soc Trang
The house was built with a total cost of 80 million VND (3,420 USD), of which 50 million VND was contributed by Soc Trang Lottery One Member Limited Company thanks to the mobilisation of the Vietnam News Agency's Bureau in the province. In addition, the Association of Victims of Agent Orange/dioxin in Chau Thanh district also mobilized donors, departments, and branches to donate more necessary home appliances to Van's family; and give 10 gifts to 10 poor households, and 20 gifts to disadvantaged students in the locality. To care for dioxin victims, since the beginning of this year, the local Associations of Victims of Agent Orange/dioxin at all levels have coordinated with socio-political organizations, and charity organizations to mobilize donors to support Agent Orange victims in many forms with a total value of nearly 4.65 billion VND. Source: VNA … [Read more...] about Vietnam News Agency joins hands to support AO victim in Soc Trang
Vietnamese Students in Australia holds second congress
Vietnamese Students in Australia (SVAU) convenes its second congress in Canberra on August 6. (Photo: VNA) Sydney (VNA) – Vietnamese Students in Australia (SVAU) convened its second congress in Canberra on August 6 to review its performance during the 2020-2022 tenure and map out plans for the next term from 2022 – 2024. The hybrid event was attended by Vietnamese Ambassador to Australia Nguyen Tat Thanh and some 40 outstanding Vietnamese students across Australia. It also saw the online attendance by representatives from the Central Committees of the Ho Chi Minh Communist Youth Union and Vietnam Students' Association and leaders of student associations from Vietnam. Addressing the congress, SVAU Vice President Huynh Tan Dat said during the past term, the association has hosted a variety of activities to promote innovation and entrepreneurship among students, including a series of talks with experts in innovation for students and an annual global contest for innovative … [Read more...] about Vietnamese Students in Australia holds second congress
Police probing suspected alcohol poisoning that killed two in Ho Chi Minh City
Police in Ho Chi Minh City have launched an investigation into a suspected case of methanol poisoning that occurred at a local restaurant, affecting eight young people, of whom two died, officers said on Saturday. Among the eight victims, six are employees of Mr Bao Restaurant in Thu Duc City, including a woman, while the other two are outsiders, both female, local police said. These victims, aged 19 to 24, opened a party at the restaurant late on Wednesday evening, after the facility closed, N.D.B., the owner, reported on Saturday. They ate food bought from outside and drank a can of five liters of alcohol available at the restaurant during the feast which ended at 4:00 am the next morning. B. said his restaurant, which started operations on June 1, recently bought five 5-liter cans of bottled water from a supplier but one of them was later found containing alcohol. This can had been kept in the eatery’s storage until it was consumed at the party, B. said, adding that the … [Read more...] about Police probing suspected alcohol poisoning that killed two in Ho Chi Minh City