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
World bank where does it get its money
Hội An sampan riders: the hardships and the smiles
Sampan riding on the Hoài River is one of the most popular tourist activities in Hội An City. Sampan riders in the ancient city are eager to get back to work after more than two years of suspension due to COVID-19. — VNS Photo Bảo Hoa QUẢNG NAM — Entering a new normal phase after more than two years of being hit hard by the COVID-19 pandemic, sampan riders in Hội An City are eager to get back to work, expecting prosperous, stable tourism development for the town. The main riverside walk in Hội An in the central province of Quảng Nam – one of the most beautiful cities in Việt Nam – is usually packed with sampans, which tourists can hire for about VNĐ50,000 per hour for a small one and VNĐ100,000 for a bigger one. Sampans are long and low boats with a wooden hull that two to four people can sit on comfortably. They are used as taxis, fishing boats and for tourism. Nguyễn Thị Nhánh, a sampan rider, said that over months, Hội An had become more and more crowded with visitors … [Read more...] about Hội An sampan riders: the hardships and the smiles
Shares to correct further on cautious sentiment of investors
Facilities of PetroVietnam Gas JSC (GAS). GAS increased by 4.5 per cent last week. — Photo pvgas.com.vn HÀ NỘI — Although the rally in recent sessions was quite positive, with the temporary cautious state of cash flow, it is likely that the market will need a step back to re-test supply and demand, said brokerages. The VN-Index on the Hồ Chí Minh Stock Exchange declined 0.07 per cent to close the week at 1.240,71 points. The index had risen 4.9 per cent last week. An average of 547.2 million shares were traded on the southern exchange during each session last week, worth VNĐ13.6 trillion (US$587 million). “Markets ended the last session of the week in a state of hesitation below the reference level. After a strong reversal on May 17, selling pressure at the end of the session still took place on the low base,” said VDSC Securities Co. “Movements in industry groups are also diverging. The caution is still covering investors’ sentiment. Therefore, it is likely that the … [Read more...] about Shares to correct further on cautious sentiment of investors
ILO Director-General praises Việt Nam’s efforts in elimination of child labour
Director-General of the International Labour Organisation (ILO) Guy Ryder. — VNA/VNS Photo Hồng Minh Director-General of the International Labour Organisation (ILO) Guy Ryder has praised Việt Nam’s pioneering role and efforts to eliminate child labour during an interview granted to the Vietnam News Agency (VNA)'s correspondent in South Africa on the sidelines of the 5th global conference on the elimination of child labour in Durban. Việt Nam is one of the Pathfinder countries of the Alliance 8.7. What does it mean to the fight in Chapter Eight labour and like, what can Việt Nam in particular, and other parts of the countries do to further contribute to the fight? Alliance 8.7 is a global alliance of governments, civil society organisations and international organisations to fight against child labour, and indeed forced labour. And we're very pleased that Việt Nam has joined as one of 26 pioneer countries. What does that mean? It means that Việt Nam is putting its hand up and … [Read more...] about ILO Director-General praises Việt Nam’s efforts in elimination of child labour
