VN-Index still drops though bank stocks reboundBy Phuong Thao HCMC – A number of bank stocks staged a late rebound today, November 15, buoyed by high demand of domestic players, but the VN-Index of the Hochiminh Stock Exchange still dropped for the third consecutive session. BID was the top gainer in the sector as the bank climbed 3.3% at VND31,000 while VCB, CTG, STB and MBB just increased slightly. In contrast, VPB and HDB still declined, losing 4.3% and 2.7%, respectively, whereas TCB and EIB closed at the reference prices. The VN-Index broke below its short-term supporting level at 900 points, dipping 3.78 points, or 0.42%, versus Wednesday at 897.15. Trading volume on the southern bourse improved 16.7% at 166 million shares while value jumped 19.6% at around VND4 trillion, mostly thanks to block deals worth a combined VND1.5 trillion. Among large caps, VIC, a leading property firm, was the top contributor to the day’s pullback, shedding nearly 3.2% at VND91,700. … [Read more...] about VN-Index still drops though bank stocks rebound
ADB offers solutions for green finance in Vietnam
ADB offers solutions for green finance in VietnamBy Thanh Thom Solar panels on the top of the headquarters of a power company in the central coastal province of Binh Dinh – PHOTO: VNA HCMC – Considering the major barriers to financing renewable energy (RE) projects in Vietnam, researchers at the Asian Development Bank (ADB) have recommended the Government establish more conducive conditions for private investment and strengthen the domestic funding environment through a functional financial market. Vietnam is a potentially rich country with abundant sources of RE, such as wind power, solar power and biomass, which remain substantially untapped, the bank’s researchers stated in their working paper, titled, “Green Finance in Vietnam: Barriers and Solutions,” released on November 12. Despite the advantage of finding funding sources for RE projects, they noted that many hindrances still exist. The low-regulated price of electricity makes it difficult … [Read more...] about ADB offers solutions for green finance in Vietnam
Medical alliance rolled out in Danang to assist physicians
Medical alliance rolled out in Danang to assist physiciansBy Nhan Tam Representatives of participating enterprises pose for a group photo at a launch ceremony for the medical alliance, HMG – PHOTO: NHAN TAM DANANG – A new medical alliance, known as HMG, was rolled out on November 14 in the central coastal city of Danang to enhance the quality and efficiency of healthcare services and contribute to regional medical research and training. The first five members of the alliance are Homecares, iKure, INNOTEK, Job Links and AT Group. Of these, the startup company Homecares will serve as a medical service provider in the city. According to Bui Thi Huong Giang, founder of AT Group, the alliance was set up to offer various healthcare packages to four main groups: hospitals, physicians, clinics and patients. HMG prioritizes doctors, stated Giang, adding that joint medical services and remote healthcare check-ups and treatment technologies will help doctors see more … [Read more...] about Medical alliance rolled out in Danang to assist physicians
17 years and counting: number of VN students going to US continues to rise
The number of Vietnamese students in the US has increased for 17 straight years. — Photo Courtesy of the US Consulate General in HCM City Viet Nam News HCM CITY— The number of Vietnamese students in the US has increased for 17 straight years, according to the Institute of International Education’s annual “Open Doors” report. The report for the 2017-18 academic year shows Việt Nam remained the sixth leading country of origin for international students in the US, sending more than 24,300 students, nearly 1,900 students more than the previous year. The report shows 1.09 million international students came in the 2017-18, a 1.5 per cent increase. They made up 5.5 per cent of all higher education students, up slightly from 5.3 per cent in the previous year. Vietnamese students contributed $881 million to the US economy. Of the more than 24,300 coming during the year, 69.6 per cent were undergraduates, 15.2 per cent were … [Read more...] about 17 years and counting: number of VN students going to US continues to rise
WADA to conduct further investigations into bullying allegations
WADA to conduct further investigations into bullying allegationsThe Saigon Times Daily Craig Reedie, President of the World Anti Doping Agency (WADA) attends the WADA Symposium in Ecublens, near Lausanne, Switzerland, March 21, 2018 – PHOTO: REUTERS BAKU (REUTERS) - The World Anti-Doping Agency (WADA) will conduct further enquiries into accusations of bullying by executive committee members after an initial probe was unable to prove any improper behavior, it said on Wednesday. Athletes’ committee chair Beckie Scott told the BBC last month that she was “treated with disrespect” and faced “inappropriate” comments and gestures for opposing the reinstatement of Russia’s anti-doping organization at a September meeting. WADA has denied mistreating Scott, saying the atmosphere at the meeting in the Seychelles was the product of “strong and divergent views”. Scott, an Olympic gold medal winner for Canada in cross-country skiing, … [Read more...] about WADA to conduct further investigations into bullying allegations