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At least four people have been confirmed dead and four others remain missing in the northern region following torrential rains and floods caused by Storm Mulan. People traveled on a flooded street in Hanoi. Photo by Vietnamnet According to the National Steering Committee for Natural Disaster Prevention and Control, by the end of August 12, Hoa Binh Province had reported three deaths and two missing, Phu Tho confirmed one death, while Lao Cai and Tuyen Quang each reported one missing. A flash flood in Hoa Binh Province "Most of the victims drowned and went missing while travelling in flash floods," the committee said. The National Centre for Hydro-Meteorological Forecasting reported that the northern region and the north-central provinces from Thanh Hoa to Nghe An continued to see heavy rains from Friday evening until early Saturday morning. Some areas recorded high level of rainfalls between 7pm on August 12 to 3am on August 13 included Nghe An … [Read more...] about Four dead and four remain missing as floods hit northern region

Viet Nam’s exports of tuna products to France in the first seven months of the year were 203 per cent higher year-on-year. — VNA/VNS Photo The value of aquatic exports in July fell below US$1 billion for the first time in 2022, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). It was expected to fetch $970 million, up 14 per cent year-on-year and 4 per cent month-on-month. The country’s total aquatic export turnover in the first seven months of this year reached nearly $6.7 billion, an increase of 35 per cent compared with the same period last year. After recording a sharp rise of 34-62 per cent in the first five months of the year, aquatic exports began cooling in June with an increase of just 18 per cent. The decline is mainly due to unfavourable weather, with early rains affecting seafood production. The stockpile of aquatic products from last year has also dropped. Shrimp exports in June decreased by 1 per cent compared to the same period … [Read more...] about Aquatic exports drop below US$1 billion in July

Customers at BIDV's trading office. The bank's shares climbed 4.59 per cent on Monday, leading the rally. —Photo courtesy of BIDV The market ended mixed on Monday, with benchmark indices gaining points on the return of cash flow improving general sentiment. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) added 11.84 points, or 0.94 per cent, to 1,274.2 points. The index opened the new week on a positive note as risk asset demand was higher. The market’s breadth was positive with more stocks increasing, while liquidity also rose over the previous session. Accordingly, matching value on HoSE jumped 15 per cent to nearly VND14 trillion (US$596.8 million), equivalent to a matching volume of 586 million shares. The market benchmark rallied for the second straight session, boosted by the uptrend of large-cap stocks. The 30 biggest stocks tracker VN30-Index closed the trading day at 1,293.79 points, up 2.83 points, or 3.1 per cent. Twenty-two stocks of the VN30 basket inched … [Read more...] about Return of cash flow lifts investor sentiment