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Investors watch stocks' movements in front of a big screen. — Photo tinnhanhchungkhoan.vn Markets experienced the worst performance since March 2020 last week due to strong selling pressure. Experts said that with the current conditions, downside risk is still dominating the market. Last week, the VN-Index on the Ho Chi Minh Stock Exchange (HoSE) breached the 1,200-point level after ending the last trade at 1,182.77 points. It lost nearly 120 points just in the last two sessions. The HNX-Index on the Ha Noi Stock Exchange (HNX) also finished the week at a lower level of 302.39 points. The market dipped for three out of five sessions. For the week, the VN-Index dropped by more than 11 per cent, while the northern benchmark HNX-Index declined 12 per cent. On the southern bourse, trading value increased by 79.9 per cent compared to the previous week to VND84.2 trillion (US$3.6 billion), equivalent to a rise of 92.9 per cent in trading volume to 3.1 billion shares. The … [Read more...] about Market likely to expand bearish trend: analysts

Investors watch stocks' movements in front of a big screen. Last week, the VN-Index on the Ho Chi Minh Stock Exchange (HoSE) breached the 1,200-point level after ending the last trade at 1,182.77 points. It lost nearly 120 points just in the last two sessions. The HNX-Index on the Ha Noi Stock Exchange (HNX) also finished the week at a lower level of 302.39 points. The market dipped for three out of five sessions. For the week, the VN-Index dropped by more than 11 per cent, while the northern benchmark HNX-Index declined 12 per cent. On the southern bourse, trading value increased by 79.9 per cent compared to the previous week to VND84.2 trillion (US$3.6 billion), equivalent to a rise of 92.9 per cent in trading volume to 3.1 billion shares. The trading value on the HNX also climbed by 70.7 per cent to nearly VND8.3 trillion, with the trading volume up 93 per cent to 406 million shares. The strong gains were mostly due to the number of trading days as the market was … [Read more...] about Market likely to expand bearish trend: analysts

He first goes out for a five-kilometer jog, returns home to work for an hour or two and then has some spare time before resuming work in the afternoon. Though his days are productive, for the 30-year-old software engineer in HCMC, working remotely for U.S.-based software company Acumatica gives him much greater flexibility than a traditional office job. As more and more global companies look to developing economies for skilled English-proficient workers at relatively lower salaries, in Vietnam, many young people like Dang are embracing the opportunity to acquire a whole new working experience. "The only difficulty is the different time zones," Dang, who has been working for Acumatica for four years as a regional product engineer, says. Every day, after meeting online with the North American team at 5 a.m, Dang also meets his colleagues in Singapore, Malaysia and the Philippines at 7 a.m. and in India and Sri Lanka at 5 p.m. Huynh Minh Dang during a business trip to … [Read more...] about Working remotely for foreign employers opens up dynamic lifestyle

The top legislator of Vietnam will pay an official visit to Laos from May 15 to 17 at the invitation of his Lao counterpart Xaysomphone Phomvihane. In the article on the front page, the newspaper said this is the first official visit to Laos by a key leader of Vietnam in the Laos - Vietnam Year of Solidarity and Friendship 2022, and also the first by Hue as Chairman of the Vietnamese N.A. Hue is also the first foreign parliamentary leader to visit Laos since the country’s 11th National Party Congress and the 9th-tenure N.A.’s first session. The visit takes place amid a number of important activities being held in the Solidarity and Friendship Year to mark the 60th founding anniversary of bilateral diplomatic ties and 45 years since the signing of the Laos - Vietnam Treaty of Friendship and Cooperation. PathetLao Daily noted the visit not only affirms the two countries’ consistent foreign policy of treasuring and unceasingly developing their great friendship, special solidarity, … [Read more...] about N.A. Chairman’s visit reflects Vietnam’s special political trust with Laos: Lao newspaper

The lobby of OfficeHaus in Tan Phu District, HCM City. The city's office market recovers after two years being affected by COVID-19 pandemic. — Photo courtesy of OfficeHaus After a two-year slump due to COVID-19, the HCM City office for lease market is showing positive signs with demand increasing in all segments. A CBRE report said there was good recovery in the office market with total net absorption in the first quarter of 17,000 square metres (sq.m), equivalent to 32 per cent in 2021. Relocation accounted for 55 per cent of the transactions, lease renewal for 25 per cent and expansion for 20 per cent, it said. There were transactions for large areas in some high-quality grade B buildings in both the CBD and other hubs such as Thu Thiem new urban area, District 7 and District 10, the company said. Savills said demand for office space was 16,500sq.m compared to just 1,500sq.m in the fourth quarter of 2021. It partly attributed the increase to the city’s post-pandemic … [Read more...] about HCM City office market coming out of slump: property  consultancies

Pham Thi My Lien, president of GSK Pharma Viet Nam (right) receives an investment licence from the HCM City’s People’s Committee and Department of Planning and Investment at a ceremony held on May 11 in HCM City. — Photo courtesy of the company British global healthcare company GSK has launched its new legal entity in Viet Nam – GSK Pharma Viet Nam Company Limited (GSK Vietnam) – with an investment capital of US$200 million. For over nearly three decades, GSK’s representative office in Viet Nam has contributed to preventing and treating diseases in the country with its vaccines and medicines. The company said in a press release that it aims to deliver positive impacts on healthcare quality on more than one third of the Vietnamese population in the next three years. On May 11, it announced the establishment of GSK Vietnam to continue operating and growing sustainably and responsibly in the country. It targets becoming “one of the most innovative, best performing, and trusted … [Read more...] about British healthcare firm launches $200 million VN venture

He said: "This is horrible. I always leave the air conditioner on and limit heading out as much as possible." He added that the unbearable heat him makes him tired and causes headaches. Truong Thi Kieu Minh said it is the hottest she has experienced during her 15 years in New Delhi. "It is just the beginning of the summer, but it is already too hot for me to handle." She said the heat is already driving her "crazy" and feared it might get worse. She expects temperatures to rise to around 50 degrees in June and July. Vietnamese living in India are struggling to cope with the scorching temperatures as a record heatwave sweeps through the nation, forcing them to drastically change their daily routines. India recorded its third-hottest April in the past 122 years according to the meteorological department. The average maximum temperature was 35.3 degrees, just behind the 35.42 degrees Celsius in 2010 and 35.32 degrees Celsius in 2016, the Indian government said in a recent … [Read more...] about Sizzling weather disrupts life for Vietnamese living in India

CEO & CMO Summit 2022 will gather senior leaders, marketing directors, and industry experts from multinational corporations, leading tech enterprises, and startups in Vietnam. Since the first conference in 2018, CEO & CMO Summit Vietnam has been the annual not-to-be-missed meeting point for experts in the Modern Marketing industry. The event will focus on Modern Marketing for brands, where leading industry leaders exchange and discuss some of the recent trending topics: E-commerce 4.0, Marketing effectiveness and efficiency, Personalization, Customer Engagement & Experience. The latest technology trends are also expected to be the "hot topic" at this year's summit. The question is: "What do brands need to prepare to build an effective marketing strategy in such an unpredictable time?" Guest speakers include leaders from top companies and experts who have successfully built their competitive advantage in a harsh business environment such as: Grab, Nestle, … [Read more...] about The exclusive summit conference for Vietnam’s top marketers

Omnichannel shopping will still dominate the retail market and businesses need to continue improving their competitiveness to optimize the shopping process. E-commerce is still growing strongly, contributing to post-pandemic economic recovery, local experts said. Local consumers shop more on e-commerce floors in Vietnam. Photo: PVcomBank The market still has a lot of room for development with 71% of Vietnam’s internet users having made at least one online purchase. More than 90% of Vietnamese users will continue to use digital services, and 81% believe online shopping will become an indispensable part of daily life. Some local experts said that it is undeniable that the strong investment foundation during the pandemic has created momentum for businesses to develop e-commerce. At the same time, the field of digital transformation and online business accounted for a more important proportion of the management and operation of Vietnamese enterprises. Speaking … [Read more...] about Vietnam’s e-commerce: driver for economic recovery in post-Covid-19

This figure marked a 40 percent increase from the same period last year and brought four-month sales to 123,931 units, up 33 percent, said VAMA, which does not incorporate data of VinFast and TC Motor (assembler of Hyundai cars). Most top selling brands posted a double-digit increase in sales compared to March last year. Truong Hai auto remained the top seller with 14,569 units, up 41.5 percent year-on-year. It was followed by Toyota with a 55.3 percent growth to 8,694 units. Honda and Suzuki saw a tripling in their sales, with the former rising by 216 percent to 6,100 units, and the latter by 173 percent to 1,111. Ford’s sales bucked the trend with a 25 percent drop to 1,933 units. With data from all brands included, the sedan Honda City was the top selling model in Vietnam last month at 3,013 units. It was followed by the sedan Toyota Vios and the SUV Toyota Corolla Cross. … [Read more...] about Auto sales extends growth