HCM City authorities are trying to ensure uninterrupted petroleum supply amid reports of hording by distributors. Photo nld.com.vn HCM CITY – HCM City has called for the Ministry of Industry and Trade to strengthen inspection and penalise fuel trading companies that commit violations to ensure uninterrupted supply of petroleum …
Read More »Market faces strong correction, VN-Index loses over 13 points
Cà Mau Gas processing plant project, which is invested by PV Gas. PV Gas shares climbed nearly 1.3 per cent yesterday on surging international oil prices, cushioning the market’s general downtrend. Photo pvgas.com.vn HÀ NỘI — Shares plummeted on Wednesday due to losses in many large-cap stocks, especially in banking sectors. …
Read More »Healthcare sector managers top payroll
Managerial positions in the healthcare and pharmaceuticals sector, particularly multinational firms, received the highest remuneration in Vietnam’s labor market in 2021, a report says. The report, based on a survey of 76 MNCs and 24 local companies by headhunting agency Adecco Vietnam, says that the monthly salary for HCMC-based general …
Read More »US-listed fund pools $8.6 mln for Vietnam stocks
An U.S.-listed exchange-traded fund has pooled $8.63 million over the last three months to invest in Vietnam stocks, seeking to profit from an economy with “promising economic trajectory.” Global X MSCI Vietnam ETF (VNAM), listed December 9, on the New York Stock Exchange Arca last year, focuses on blue chip …
Read More »Securities firms raise capital amid high margin debt
An investor monitoring securities prices. KIS forecasted that securities firms would achieve good performance in Q1/2022 thanks to revenues from brokerage and margin lending. Photo cafef.vn HÀ NỘI — Many securities firms have begun to issue additional shares to meet their investors’ rising demand for margin loans. According to …
Read More »Blue chips sell off drags VN-Index to two-week low
The stock market dropped 0.88 percent Wednesday as investors sold blue chip stocks, sending 20 such tickers into the red. Vietnam’s benchmark VN-Index opened in the red and plunged nearly 14 points in morning’s session, then continued sideways throughout the afternoon. It closed at two-week low of 1,485.52 points. Trading …
Read More »HCMC to launch high-speed boat service to Con Dao
HCMC authorities have approved a proposal to launch a high-speed boat service to Con Dao in neighboring Ba Ria-Vung Tau Province to boost tourism. The boats will depart from District 1 and take five to six hours to reach Con Dao, an archipelago comprising 16 pristine islands around 230 kilometers …
Read More »Google blocks RT, Sputnik from Play app store in Europe
Alphabet Inc’s Google said on Tuesday that it has blocked mobile apps connected to RT and Sputnik from its Play store, in line with an earlier move to remove the Russian state publishers from its news-related features. A number of tech companies have limited distribution and advertising tools to Russian …
Read More »Vietnam gold prices surge to new peak
Vietnam gold prices rose to another new peak Wednesday, continuing its climbing trend in recent weeks as the Russia-Ukraine tension remains high. The state-owned Saigon Jewelry Company (SJC) sold its gold at VND67.4 million ($2,951.61) per tael Wednesday, up 1.35 percent from Tuesday. A tael equals 37.5 grams or 1.2 …
Read More »Health ministry seeks to tighten entry restrictions as inbound tourism reopens
Foreign tourists should remain in their place of accommodation 72 hours after arriving in Vietnam with the first 24 hours compulsory, the Health Ministry said. In case they need to travel to other places, they are required to be tested for Covid thrice within three days, the ministry said in …
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