The market rally was weakened at the end of the morning session as the cash flow did not show any signs of recovery. — Photo vietnamnet.vn Vietnamese shares had a good start on Monday morning with the two main stock indices rising, but the upward trend was weakened significantly towards the closing minutes. The benchmark VN-Index on the HCM Stock Exchange was up 0.22 per cent to close at 911.70 points. It gained 1.25 per cent last Friday. The HNX Index on the Ha Noi Stock Exchange added 0.39 per cent to end at 102.92 points, extending its growth of 2.07 per cent last Friday. Market trading liquidity remained low with more than 98 million shares being traded on the two local exchanges, worth VND1.73 trillion (US$75 million). The market rally was weakened at the end of the morning session as the cash flow did not show any signs of recovery. Many large cap stocks such as Petro Vietnam Gas JSC (GAS), brewery Sabeco (SAB), Techcombank (TCB), Tien Phong Bank (TPB) and property … [Read more...] about Shares’ rally weakened during end of session
Hopes dim for Vietnam shares short term prospects
Though Vietnamese shares bounced back strongly in the last two sessions of last week, analysts and brokerage firms remained skeptical that the stock market had actually overcome a difficult period and begun its consolidation. Some investors sit at a trading house of Saigon Securities Inc in Ha Noi.-VNS Photo Doan Tung The benchmark VN Index on the HCM Stock Exchange finished last week at 909.72 points, marking a two-day increase of 1.85 per cent, but it fell a total of 0.85 per cent after one week. The HNX Index on the Ha Noi Stock Exchange ended Friday at 102.51 points after rallying a total of 4 per cent in two sessions. The northern market index notched weekly growth of 1.8 per cent. According to analysts, the latest two-day rally did not guarantee short-term growth of the stock market even though some positive signals have appeared in key industries such as banks, securities and real estate. Manager Duong Van Chung at MB Securities Company told tinnhanhchungkhoan.vn that … [Read more...] about Hopes dim for Vietnam shares short term prospects
The drug lords who domineered northern Vietnam’s ‘drug valley’
Police guard a gate into Long Luong Commune in Son La Province, given complicated security situation in the area. Photo by VnExpress/Ba Do Long Luong, a remote commune in Vietnam's northern mountainous province of Son La, was suddenly in the national limelight after hundreds of police officers and scores of gangsters got into a long shootout in the last days of June. At the end of all the firing, the major news that came out was that the culmination of years of preparations by the police left two drug lords dead. However, these two were not the first, and possibly not the last, major drug dealers to set up their base in the commune, which lies just 15 kilometers (9.3 miles) from the Laos border and had at one point been nicknamed Vietnam's "drug supermarket." Homegrown kingpin The first major drug lord to rise to power in the Long Luong valley was a H'Mong man called Trang A Tang, said Giang A Chong, deputy chief of Long Luong police and Tang's former neighbor. Born to the chief of … [Read more...] about The drug lords who domineered northern Vietnam’s ‘drug valley’
RECRUITMENT ANNOUNCEMENTS
RECRUITMENT ANNOUNCEMENTS The Project Management Unit is seeking a Health Information System (HIS) Technical Officer to provide support for the cooperative agreement between the U.S. Centers for Disease Control and Prevention (CDC) and the Ministry of Health of Viet Nam for implementation of the Global Health Security Agenda (GHSA).www.vncdc.gov.vn Submit applications: Applications in hard copy must be sent to Division of Communicable Disease Control of the General Department of Preventive Medicine in working hours; address: 135/1 Lane, Nui Truc Street, Ba Dinh District, Ha Noi.AND send a soft copy through email to the address: [email protected] (Mr. Long) and [email protected] (Mr. Hung). Please contact Dr. Long: 0983.090.565 if more information is needed.Closing date for the position: 31/7/2018. All applications must be received before the closing date to receive consideration.Guidance for application:Note: Applications will not be returned for non-selected candidates To: … [Read more...] about RECRUITMENT ANNOUNCEMENTS
Steel production up 7 percent in 6 months
Colour-coated steel produced at the Hoang Ha Group Joint Stock Company in the northern province of Quang Ninh. (Photo: VNA) Hanoi (VNA) – Vietnam’s steel production reached about 4.69 million tonnes in the first half of 2018, up 7 percent against last year, according to the Ministry of Industry and Trade. The increase was attributed to the economy’s overall growth, with a host of infrastructure and real estate projects set to begin in 2018. The Government’s disbursement of public investment from the beginning of the year also aided the sector. According to the Vietnam Steel Association (VSA), between now and year’s end, several steel projects will become operational. The Hoa Sen Group will put into use galvanising, cold rolling and colour-coated lines capable of handling about 350,000 tonnes per year, while the Hoa Phat will operate a blast furnace of 2 million tonnes per year in capacity in Quang Ngai and another of 3.8 million tonne per year at the … [Read more...] about Steel production up 7 percent in 6 months