Securities investors

An employee passes electronic boards showing share prices inside Hồ Chí Minh Stock Exchange in HCM City. — VNA/VNS Photo Hữu Khoa HÀ NỘI — An upgrade to emerging status will not only help the stock market develop quickly, transparently and sustainably, but also attract huge foreign capital inflows, said experts. Recently, the Government has directed to purge the market and improve the trading system’s capacity, showing its determination to enhance the quality of the stock market. The refinement is to protect investors and open a door for the Vietnamese stock market to be upgraded from a frontier to an emerging market. Prime Minister Phạm Minh Chính has taken an interest in the development of the capital market and the stock market, including the matter of upgrading the market. During a trip to attend the ASEAN-US Special Summit, on May 16, the PM visited the New York Stock Exchange (NYSE) – the largest stock exchange in the world – hoping it supports and shares experience to … [Read more...] about Upgrading the market for the sake of all participants

This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to Vietnam from May 3 - 18. “The Vietnamese economy is expected to grow at 6.3 percent in 2022 and 6.5 percent in 2023. Inflation is projected to remain contained,” said AMRO Group Head and Lead Economist Kalra. “This positive outlook rides on strong external demand, a recovery in domestic consumption and healthy investments inflows, bolstered by an appropriate macroeconomic policy stance.” The domestic outbreak of the Omicron variant receded sharply in April 2022, and border restrictions and domestic containment measures were eased. The aggregate output gap is expected to narrow significantly by the end of this year. The recovery is, nevertheless, uneven across sectors. While both the manufacturing and service sector outputs have surpassed their 2019 levels, the service sector still has pockets of distress, especially in the tourism, hospitality and … [Read more...] about AMRO forecasts Vietnam’s strong recovery amid external headwinds

During the program, women’s union of Ngu Phung commune were equipped with knowledge on the Party’s guidelines and State’s laws and policies relating to defense and security work in the border areas and sea and islands. Meanwhile, they also got familiar with the basic contents of the Laws on Vietnam Border Guard, Marriage and Family, Gender Equality, Prevention of and Combat against Human Trafficking, among others. On this occasion, the organizing panel handed over 10 gifts (worth VND 300,000 each) to needy women, and presented 30 national flags, planted 60 trees in Ngu Phung commune while visiting and offering gifts to troops at the Border Post of Phu Quy Port Border Gate. The program aimed to share difficulties with needy women in the areas, and take care of needy people and soldiers in the border areas and on sea and islands. It also helped improve women members’ knowledge on laws, thereby promoting their responsibility in local development as well as in the fight against … [Read more...] about “Standing side by side with women in border areas” program conducted in Phu Quy island district

Vietnam entered SEA Games 31 as the defending champions, having won gold in the most two recent editions of the regional tournament in 2019 and 2017. In the first game, the team faced the Philippines, who have been on the rise recently thanks to their policy of importing players from countries like Germany and Japan. After Rivera Annis score d for the opponents in the 15th minute, Vietnam showed their great fighting spirit. Towards the end of the first half, Nguyen Thi Tuyet Dung (number 7) essayed a volley that equalized for the host s . In the second half, Tran Thi Thuy Trang (number 15) completed the comeback for Vietnam after a great build-up play with captain Huynh Nhu. Vietnam (R) play against Cambodia in the last group game to secure the top spot. Since Indonesia dropped out of women’s football, there were only three teams left in group A. … [Read more...] about Indomitable: Vietnamese women’s journey to SEA Games football gold

National carrier Vietnam Airlines remained in the red in the first quarter of this year, with losses of nearly US$113 million, despite its revenue rising to a two-year high. The airline posted a loss of VND2.621 trillion ($112.9 million) over the first three months of 2022, according to its Q1 consolidated financial statements issued on Friday. The loss was recorded even though the flag carrier logged revenue of more than VND11.6 trillion ($500 million) in the period, up 55 percent year on year, the highest performance since the second quarter of 2020, when COVID-19 began to severely affect Vietnam’s aviation industry. The impressive revenue failed to cover the total cost that was higher than expected, leading to the firm’s ninth consecutive quarterly loss, the carrier said. Vietnam Airlines’ fuel expense in the quarter was VND465 billion ($20 million) more than projected given rising world oil prices, VnExpress cited the company as saying. The Q1 result has brought the … [Read more...] about Vietnam Airlines suffers $113mn Q1 loss despite revenue surge

Passengers on the first Vietjet Air flight from Seoul to Nha Trang. (Photo: vietjetair.com) Hanoi (VNA) – Celebrating a vibrant summer and welcoming life back to Vietnam's famous paradise beaches, budget carrier Vietjet has officially reopened flights connecting Seoul and Nha Trang, Phu Quoc and Hai Phong. The first flight back to Nha Trang from Seoul on May 20 was greeted with a water cannon salute, flowers and gifts, showing Vietnam’s warm hospitality to visitors. Vietjet plans to relaunch services from Seoul to Phu Quoc and Hai Phong and vice versa this May, raising the total routes linking Vietnam and the Republic of Korea to six, given that the two countries are expecting a new wave of tourists from both sides, after the RoK announced the resumption of short-term tourist visas for foreigners from June 1. There are currently three Nha Trang - Seoul (Incheon) round-trip flights weekly, on Wednesdays, Fridays and Sundays. Starting from May 21, Vietjet … [Read more...] about Vietjet reopens flights between Seoul and Vietnam’s beach destinations