Illustrative image (Source: VNA) Hanoi (VNA) - The VN-Index, Vietnam’s benchmark stock index, grew 19.33 percent in the first three months of this year, becoming the best-performing market in the world, followed by Egypt with 15.52 percent growth and Brazil with 11.73 percent. The index ended March 31 at 1,174.46, up a staggering 200 points from the beginning of the year, which was the biggest gain worldwide. Vietnam’s stock market has been upbeat since the second half of last year but the upward momentum slowed down after March 23 when the index surpassed its March 2007 peak. Rising volatility on the global markets and fears of a trade war between the two biggest economies, namely the US and China, dampened investor confidence. However, the local market still ended the first quarter strong, with optimistic medium and long-term forecasts put forward by securities companies, experts and investors. The VN-Index, a capitalisation-weighted index of all the companies listed … [Read more...] about VN-Index emerges as world’s top-performing market in Q1
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Asia stocks hover near three-month highs; sterling in spotlight
Asian stock markets stabilized near three-month highs on Wednesday, helped by Hong Kong and Chinese shares, as investors judged U.S. President-elect Donald Trump's concerns over a stronger dollar to be beneficial to some of the regional bourses. Short-covering also helped, especially in China .SSEC, which tumbled more than 4 percent last week, as traders took some money off the table before Trump's inauguration on Friday. In Asia, MSCI's ex-Japan Asia-Pacific shares index .MIAPJ0000PUS rose 0.4 percent, just shy of a three-month high hit last Thursday. Energy and cyclicals were the chief gainers. The firmness in Asia is expected to extend to Europe with stock futures in key European markets pointing to a higher start. "Trump's comments on the dollar has helped relieve downward pressure on the renminbi and on Chinese equities and we have seen a steady pick up in capital flows from mainland investors into Hong Kong stocks," said Alex Wong, a portfolio manager at Ample Capital with $100 … [Read more...] about Asia stocks hover near three-month highs; sterling in spotlight
Social News Headlines 14/3
Vietnam praised for plane search efforts Many countries have praised Vietnam for its role in the ongoing search for the Malaysia Airlines plane that went missing on March 8 on the way from Kuala Lumpur to Beijing. In an article published in China's Global Times on March 11, Xu Liping, an expert from the Institute of Asia-Pacific and Global Strategies under the China Institute of Social Sciences, thanked Vietnam for its efforts and active role in the search. According to the article, the operation has received great support from the Vietnamese military and transport forces. A command office was set up on Phu Quoc Island, which is near the plane's last known location, to coordinate the search. The article also highlighted the fact that Vietnam has been more than willing to join search teams from other countries, and has allowed Chinese vessels to join the operation in Vietnamese waters. Meanwhile, the BBC said that through its search efforts, the Vietnamese Government has … [Read more...] about Social News Headlines 14/3
Social News Headlines 18/2
Second post-Tet cold snap to hit northern region A strong cold front is moving southwards and is expected to hit the northern region on February 18, the National Centre for Hydro-Meteorological Forecasting has reported. According to the national weather service, the second cold snap since the Lunar New Year is expected to bring heavy rain and temperatures below 15°C to all areas of the region. The cold weather should last for 3-4 days, before temperatures begin to rise. Northeastern winds in the Gulf of Tonkin and the northern part of the East Sea are expected to reach sustained speeds in category 7 (50-61 km/h) on the Beaufort scale, with gusts up to category 9 (75-88 km/h). Rough seas are also anticipated. Sweden creative day to be held in city The Embassy of Sweden in Vietnam will coordinate with the HCMC government to organize the Sweden Creative Day exhibition in HCMC in two weeks this November. At the exhibition, enterprises and experts from Sweden will … [Read more...] about Social News Headlines 18/2
Social News Headlines 11/2
Minor earthquake hits Son La province Tremors were felt in Thuan Chau District after an earthquake measuring just 2.5 on the Richter scale hit the northern mountainous province of Son La at 6:37 pm on February 9. The National Institute of Geophysics reported that the earthquake occurred at a depth of approximately 12 km. According to experts, the quake caused level III vibrations at the epicenter but it was still comparatively weak and incapable of causing structural damage. Highway coach collision injures seven Seven people were seriously injured yesterday morning in an accident on the National Highway 1A section that runs through Suoi Hiep Commune, Dien Khanh District, central Khanh Hoa Province. The provincial police said that a coach running from north to south collided with a container running in the opposite direction, leaving the container driver and his three companions seriously injured. The coach driver and two other people also sustained injuries. US provides US$800,000 for … [Read more...] about Social News Headlines 11/2