Amazon shakes hands with T&T Group and SHB to boost cross-border e-commerce in Vietnam At the cross-border e-commerce workshop titled “Reaching the ocean” early this month, US-backed Amazon Global Selling officially announced its partnership with T&T Group and local bank SHB. However, there have been few recent days when SHB's stock closed higher than it began – on the contrary, it has been falling significantly. As of the end of the session on December 9, SHB was at VND6,100 ($0.26), lower than the VND6,800 ($0.3) in late June. Forecasting dim prospects for SHB, Saigon-Hanoi Insurance Corporation divested all of its capital worth VND55 billion ($2.4 million) in July. As a result, the tie-up with SHB may not be enough to move forward Amazon’s plans in Vietnam. Amazon started carrying out cross-border e-commerce in the market a few months ago by supporting local SMEs in improving their export performance. Specifically, on October 16, Amazon Global … [Read more...] about Partnership with SHB may be little aid for Amazon in Vietnam
Why insurance was started
VN-Index drops 0.6 percent as blue chips sink
On the Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, 204 stocks lost and 130 gained. The VN30-Index, representing Vietnam’s 30 biggest market cap stocks, fell 0.77 percent with 20 stocks losing and only 9 gaining. Six stocks fell above 2 percent this session. MSN shares of food giant Masan Group remained the highest losing stock for four of the last six sessions, having fallen by 6.45 percent. The stock had started its descent last Tuesday when Masan announced a merger deal with Vingroup, Vietnam’s biggest conglomerate, since losing a total 19.25 percent. NVL of real estate developer Novaland dropped 2.6 percent, and CTD of construction giant Coteccons, fell 2.5 percent. Most banking stocks fell, with BID of BIDV and CTG of VietinBank, two of Vietnam’s three biggest state-owned lenders by assets, shedding 0.3 and 0.5 percent respectively. In more positive news, BVH of insurance giant Bao Viet rose 3 percent, followed by REE of industrial appliance … [Read more...] about VN-Index drops 0.6 percent as blue chips sink
Việt Nam needs little more time to achieve 90-90-90
Eamonn Murphy (middle) meets with patients receiving methadone treatment at a health clinic in Tân Yên District, Bắc Giang Province. — VNS Photo Khoa Thư Việt Nam News reporter Khoa Thư talks to Eamonn Murphy, Regional Director of UNAIDS, Asia and the Pacific, about the opportunities and challenges facing the elimination of HIV as a public health threat by 2030 Over the past decade, Việt Nam has witnessed a decline in the number of new HIV cases and AIDS-related deaths. 2020 is the deadline set for the ambitious goal of 90-90-90 by the UN. How do you assess the country’s performance in the fight against HIV/AIDS and its chances to achieve the goal? 90-90-90 is a set of treatment-focused targets to move the agenda faster, saying 90 per cent of those living with HIV know their status, 90 per cent are receiving treatment and 90 per cent on treatment have viral suppression which stops forward transmission. … [Read more...] about Việt Nam needs little more time to achieve 90-90-90
