Stock for today

An HAGL Agrico's farm. HNG was one of the stocks behind the market's fall on Thursday. — Photo baochinhphu.vn The market closed lower on Thursday as strong selling forces depressed indices. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index started off the afternoon with a steady rise. It hit a peak at around 2pm and then fell off to the baseline. The index rose again at 2:15pm and reached half the previous peak. It held steady for about 15 minutes and suddenly suffered a free fall in the last minutes to 1,273.66 points, roughly 1.62 points (0.13 per cent) below the baseline. The southern exchange was overrun by decliners whose number reached 243. Advancers' head count, meanwhile, was just 94. Three stocks hit ceiling prices whereas two sat at the other end. Thursday was a busy day for HoSE as investors traded 558 million shares on the exchange, equivalent to about VND14 trillion (US$600 million). The VN30-Index echoed the VN-Index pattern but with a slighter loss. … [Read more...] about Market slumps over slides in agricultural stocks

Hanoi will play a key role in connecting visitors to tourist destinations in Vietnam. The Vietnamese Ministry of Culture, Sports and Tourism needs to actively support major tourism businesses to build routes linking localities, and restart heritage digitalization with the participation of travel companies to create new tourism products. Deputy Prime Minister Vu Duc Dam speaks at the meeting. Photo: VGP This is one of the requirements made by Deputy Prime Minister Vu Duc Dam on August 17 at the meeting on removing difficulties and promoting tourism recovery so that the industry would become a key economic sector. The Deputy Prime Minister requested the Ministry of Industry and Commerce to urgently submit to the Prime Minister the adjustment of electricity prices so that accommodation establishments would be entitled to energy rates equal to those of manufacturing facilities. The Ministry of Culture, Sports and Tourism, associations, and tourism businesses … [Read more...] about Vietnam deploys diverse solutions to revive tourism industry

The three, Trinh Van Nam, Pham Thi Thanh Nga and Chairman Le Ba Phuong were appointed at its general meeting of shareholders Tuesday afternoon. This is the first time Phuong works at BOS Securities, though he was a member of FLC’s board of supervisors before resigning in 2014. The BOS board used to have five members but two, Trinh Thi Thuy Nga and Huong Tran Kieu Dung, were arrested for allegedly manipulating the stock market in April and were officially dismissed Tuesday. The rest, Le Ba Nguyen, Chu Tien Vuong and Nguyen Quynh Nga, all resigned in early August for personal reasons. In July Nguyen was named chairman of FLC to replace Trinh Van Quyet, his brother-in-law who got arrested in March for allegedly manipulating the stock market. BOS targets revenues of VND110 billion ($4.44 million) and profits of VND50 billion this year. … [Read more...] about FLC securities subsidiary appoints new board after mass resignation

Since the launch of the EAEU in 2016, bilateral trade turnover has been on a steady rise and reached $630 million in 2021, nearly tripled that of in 2016. Vietnam seeks cooperation with Kazakhstan in revising the Vietnam-Eurasian Economic Union (EAEU) Free Trade Agreement, which comprises Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan) to facilitate bilateral trade and investment cooperation. Prime Minister Pham Minh Chinh and Kazakhstan’s Deputy Prime Minister and Foreign Minister Mukhtar Tileuberdi. Source: VGP Prime Minister Pham Minh Chinh stressed the view during a meeting with Kazakhstan’s Deputy Prime Minister and Foreign Minister Mukhtar Tileuberdi today, as the latter is currently on a visit to Vietnam from August 17-18. According to Chinh, Vietnam prioritizes its long-standing relations with Kazakhstan, welcoming the significance of Mukhtar’s visit at a time when both are celebrating the 30 th anniversary of diplomatic relations … [Read more...] about Vietnam seeks revision of EAEU FTA to boost trade with Kazakhstan

Shares inched down on Thursday morning, as a selling force dominated the market trend. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index reversed the recent rally, down 2.94 points, or 0.23 per cent, to 1,272.34 points. The market breadth was negative as 328 stocks slid, while 107 rose. Liquidity also decreased over the previous session, with the matching value on the HoSE reaching nearly VND6.3 trillion (US$268.3 million), a fall of 26 per cent. Foreign investors, meanwhile, net sold more than VND146 billion on the southern market. The index's reversal was due to stronger selling pressure at the end of the morning trade. The VN30-Index, tracking the 30 biggest stocks on the HoSE, posted a decline of 1.3 points, or 0.1 per cent, to 1,299.1 points. Weighing the market's sentiment, Becamex (BCM) lost nearly 2.6 per cent, leading the downside. It was followed by Vietnam Rubber Group (GVR), Novaland (NVL), BIDV (BID) and Vietinbank (CTG), all down in a range of 0.51-1.43 … [Read more...] about Market dips on strong selling force

Raw materials shortage s In the first half of 2022, export turnover of goods reached US$185.94 billion, up 17.3 percent over the same period last year. But while many enterprises have orders until the end of the year, they cannot speed up production due to raw material shortages. Director of Datalogic Vietnam Limited Liability Company, Dang Van Chung said the market demand is large, but businesses cannot accept new orders due to lack of electronic components. It also takes time to find alternative sources of raw materials, as reflected in the factory's revenue being 15 percent lower than the plan. “The shortage of electronic components is a general problem of the electronics industry. Relevant departments of the company are helping seek alternatives to meet customers’ needs,” said Chung. Vo Quang Ha, Vice Chair of the Dong Nai Wood and Handicraft Association, said wood supplies from Europe to Vietnam have plunged due to the impact of the Russia-Ukraine war. … [Read more...] about Exporters struggle with raw materials shortages