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VN-Index ends week with 4th losing session

June 24, 2022 by e.vnexpress.net

The index closed three points lower after gaining nearly 20 points Thursday. It has lost nearly 32 points this week. Trading on the Ho Chi Minh Stock Exchange increased by 0.2 percent to VND10.18 trillion ($437.71 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 14 tickers drop. POW of electricity producer Petrovietnam Power Corporation fell 2.5 percent, while GAS of state-owned Petrovietnam Gas dropped 2.4 percent. Other losers included HDB of HDBank, down 2.1 percent, CTG of state-owned lender VietinBank, down 2 percent, and TPB of private TPBank, down 1.9 percent. Thirteen blue chips gained, led by BVH of insurance company Bao Viet Holdings with a 4 percent rise. It was followed by SAB of brewer Sabeco, up 1.4 percent, and PNJ of Phu Nhuan Jewelry, up 1.2 percent. Foreign investors ended three sessions of buying with a net sale of VND82 billion, mainly selling NVL of real estate developer Novaland Group and HPG of steelmaker Hoa Phat Group. … [Read more...] about VN-Index ends week with 4th losing session

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Life resumes near Ukraine frontline despite war threat

July 3, 2022 by e.vnexpress.net

"It's a bit scary but we're getting used to it," she said from behind the counter of a shop selling soft toys, bicycles and scooters for children. The shopkeeper said she was out of work for almost three months without receiving any substantial state support. Her business, like many others in Kramatorsk, closed after the start of Russia's invasion on February 24. But in the past few weeks, shops have been gradually reopening and residents have returned to the city in Ukraine's eastern Donbas region. "In my street, where there are about 300 homes, the residents had almost all left. Now they have almost all come back," Miroshnichenko said. Kramatorsk, a large city at the heart of what remains of Ukrainian-controlled Donbas, is stirring back to life even as Russian artillery pounds nearby Sloviansk, Siversk and Bakhmut. But according to Oleg Malimonienko, who has just reopened his restaurant, people have no choice but to return home. "In 99 percent of the cases, it's because … [Read more...] about Life resumes near Ukraine frontline despite war threat

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Automatic toll collection set for all expressways in Việt Nam by end of July

June 27, 2022 by vietnamnews.vn

An ETC station on the Hà Nội-Hải Phòng Expressway. — VNA/VNS Photo HÀ NỘI — The Ministry of Transport has asked the Directorate for Roads of Việt Nam (DRVN), the Việt Nam Expressway Corporation (VEC), the Việt Nam Infrastructure Development and Finance Investment Joint Stock Company (VIDIFI), and other service providers to realise the Prime Minister's request on completing automatic non-stop toll collection (ETC). The ministry requested VEC to direct service providers and related units to urgently install and operate the ETC system on highways by July 31. In case of delay, the ministry will handle it according to its competence or report it to authorities for strict handling in accordance with the law, including the suspension of toll collection. The ministry asked DRVN to direct and coordinate with VEC in deploying the ETC system on highways managed by VEC, ensuring the schedule and smooth operation. Meanwhile, VIDIFI was asked to continue piloting the ETC on the … [Read more...] about Automatic toll collection set for all expressways in Việt Nam by end of July

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Automatic toll collection set for all expressways in Vietnam by end of July

June 28, 2022 by www.sggpnews.org.vn

An ETC station on the Hanoi-Hai Phong Expressway. (Photo: VNA) The Ministry of Transport has asked the Directorate for Roads of Vietnam (DRVN), the Vietnam Expressway Corporation (VEC), the Vietnam Infrastructure Development and Finance Investment Joint Stock Company (VIDIFI), and other service providers to realize the Prime Minister's request on completing automatic non-stop toll collection (ETC). The ministry requested VEC to direct service providers and related units to urgently install and operate the ETC system on highways by July 31. In case of delay, the ministry will handle it according to its competence or report it to authorities for strict handling in accordance with the law, including the suspension of toll collection. The ministry asked DRVN to direct and coordinate with VEC in deploying the ETC system on highways managed by VEC, ensuring the schedule and smooth operation. Meanwhile, VIDIFI was asked to continue piloting the ETC on the Hanoi-Hai Phong … [Read more...] about Automatic toll collection set for all expressways in Vietnam by end of July

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Vietnam c.bank reportedly sells over US$10 billion from FX reserves

June 27, 2022 by hanoitimes.vn

The move is expected to help accommodate the momentum of the exchange rate and the pressure on foreign exchange reserves. The State Bank of Vietnam (SBV) has reportedly sold over US$10 billion from its foreign exchange reserves amid growing pressure on the exchange rate, according to the Viet Dragon Securities Company (VDSC). The SBV expects to continue selling foreign currencies in case of market high demand. File photo The report noted deposit balance of the Vietnam State Treasury (VST) at the state-owned banks was about VND110 trillion ($4.73 billion), continuing to support the liquidity of the Vietnamese dong (VND) on the market. In addition, the VST also bought $75 million from commercial banks last week, equivalent to VND1.74 trillion injected into the banking system. In line with such a move, the SBV on June 21 started conducting outright bill sales with a small amount of VND200 billion ($8.6 million). In the next few days, the central bank continued … [Read more...] about Vietnam c.bank reportedly sells over US$10 billion from FX reserves

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Phu Quoc forests in state of emergency

June 29, 2022 by tuoitrenews.vn

Rapid economic development often results in serious impacts on forests, evidenced by the alarming deforestation in Phu Quoc City in the Mekong Delta province of Kien Giang having plunged the city’s forests into a state of emergency. Forests are regarded as the living soul of residents on the 'pearl island.' However, the woods full of stone stakes and steel wires are disappointing tourists. The situation is becoming truly alarming. Forests seem empty after one unguarded night Deforestation and land encroachment in Phu Quoc City in mid-June 2022 were no longer overt and rampant, but it did not mean that forests stopped 'bleeding.' On the main path from Ham Ninh Commune to Thom Beach, people could easily see excavated mountainsides and forest land areas occupied with concrete stakes, zinc-coated barbed wire fences, and even well-built constructions. “Some gangs secretly encroached and built fences," complained N.X.T., a forest ranger. “During the forest land invasion … [Read more...] about Phu Quoc forests in state of emergency

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