Aurionpro share price target 2022

Illustrative image (Photo: VNA) It is forecast oil prices may skyrocket to nearly $110 per barrel at the year’s end if major risks now continue lingering in the global market. By late last week, the global average price of Brent crude oil and WTI crude oil hovered at $103.77 and $106.47 per barrel, respectively. The global price of natural gas also stood at $7 per MMBtu, according to Oilprice.com. Fears of an economic slowdown are bleeding into the oil market, and oil demand is being threatened by extended lockdowns in China, inflation-driven interest rate hikes, and fears of Europe potentially dropping into recession if the Russia-Ukraine war continues to escalate. According to the Ministry of Industry and Trade (MoIT), a hike in oil prices in Vietnam is beneficial for oil and gas firms. The country’s revenues collected from crude oil exports in April is estimated to be VND6.6 trillion ($287 million), raising the amount to VND24.1 trillion ($1.04 billion) in the first four … [Read more...] about Soaring petrol price impacting multitude of industries

Illustrative photo Billions of shares According to statistics, banks added about eight billion shares to the market by paying dividends in 2021. If one includes private placement and offering to existing shareholders, the number of newly issued bank shares on the market is about ten billion shares. The fact that banks have rushed to put billions of shares into circulation has caused banks to face a downward pressure, especially when the stock market is adjusting sharply after the impact of strict social distancing during the Covid-19 pandemic in the third quarter of 2021. In the second half of 2021, many bank stocks plunged sharply after closing the right to pay dividends for the year. Typically, Vietnam International Commercial Joint Stock Bank (VIB Bank) lost nearly 27% of its value after four months of paying dividends. Similarly, VietinBank also decreased value by about 25% after three months of closing the right to pay more than 30% dividend in shares. The trend of … [Read more...] about Shareholders concerned about bank stocks

Vietnam experiences a strong recovery Sanjay Kalra, group head and lead economist of the ASEAN+3 Macroeconomic Research Office (AMRO) said, “The Vietnamese economy is expected to grow at 6.3 per cent this year and 6.5 per cent in 2023 and inflation is projected to remain contained. This positive outlook rides on strong external demand, a recovery in domestic consumption, and healthy investments inflows bolstered by an appropriate macroeconomic policy stance.” Thanks to the easing of restrictions and domestic containment measures, the aggregate output gap is expected to narrow significantly by the end of the year. The recovery is, nevertheless, uneven across sectors. While both the manufacturing and service sector outputs have surpassed their 2019 levels, the service sector still has pockets of distress, especially in the tourism, hospitality, and logistics sectors. Consumer price inflation is projected to remain contained under 3.5 per cent as the authorities plan to utilise … [Read more...] about Vietnam experiences a strong recovery amidst external headwinds

The project focuses on developing advanced technologies to establish a large-scale production process for protein-free natural rubber in Vietnam. The Japan International Cooperation Agency (JICA) has launched the “Project for Innovation of Science and Technology on Natural Rubber for Global Carbon Process” in Hanoi to support Vietnam realize its net-zero emission commitment. JICA and the Japan Science and Technology (JST), in cooperation with the Hanoi University of Science and Technology (HUST) and the Nagaoka University of Technology (NUT) of Japan, held a signing ceremony of the Record of Discussions for the project on May 19. The project is funded by the Official Development Assistance (ODA) of the Government of Japan through the Science and Technology Research Partnership for Sustainable Development Program, which is co-financed by JICA and JST. It will be implemented by HUST and NUT for five years, from 2022 to 2027, and considered the development of the previous … [Read more...] about JICA launches project on production of protein-free natural rubber in Vietnam

Container scarcity, input material price rises, and travel restrictions are just some of the factors damaging supply chains, Photo: Le Toan Demonstrating the wide reach that geopolitical tensions and the drag from global supply chain disruptions are causing worldwide, lowered prospects for mergers and acquisitions (M&As) in Asia-Pacific are being projected for the rest of the year, after the number of such deals fell in the first several months of 2022. A total of 123 finance sector M&A deals were reported in the January-to-March quarter, compared with 165 in the same period of last year, S&P Global Market Intelligence data shows. The ongoing conflict in Ukraine, supply chain bottlenecks, and inflation concerns slowed down deal-making in the first quarter. “We expect to see deals start and stop as companies try to time when best to take the plunge,” said Sophie Mathur, partner and Asia head of corporate at law firm Linklaters. Despite the emerging opportunities, … [Read more...] about Reset required for supply chain woes

Shannon Leahy, trade commissioner for Austrade, and general director of BRG Retail Nguyen Thi Thanh Thuy. Photo: Austrade Australia is one of Vietnam’s major suppliers of beef ad lamb products. Local consumers can enjoy a growing range of Australian products from fresh fruits, dairy, seafood, and beverages including a diverse range of sparkling, red, and white wines. Cherries, citrus, table grapes, milk, yoghurt, cheese, cereals, juices, rock lobsters, and abalone are just some of the beloved Australian products that have made it into Vietnamese stores, restaurants, and homes. General director of BRG Retail Nguyen Thi Thanh Thuy said, “Vietnamese consumers increasingly demand clean, fresh, and delicious products with premium quality and transparent origins regardless of if they are eating out or at home. Australian suppliers can offer exactly what they want, including high-quality sustainable meat, delicious fruits, the finest dairy and cereals, and premium seafood … [Read more...] about Vietnamese consumers’ growing interest in Australian F&B products

Van Long Wetland Nature Reserve (Photo: VNA) Hanoi (VNA) – Vietnam is joining common efforts to restore the ecosystems in response to International Day for Biological Diversity 2022 themed “Building a shared future for all life”. biodiversity degradation and ecosystem imbalance remains high, directly affecting food security, and driving people to the risk of poverty, genetic resource depletion, and especially climate change. Therefore, the restoration and protection of ecosystems and biodiversity has become a global issue. Coral reef in Phan Rang-Thap Cham city, Ninh Thuan (Photo: VNA) Vietnam is considered one of the most important areas in the flyway network of migratory and endemic birds, with 63 globally important bird zones and seven endemic bird zones. Most recently on May 17, the Deputy PM signed a decree on a number of urgent tasks and solutions to protect wild and migratory birds in Vietnam./. VNA … [Read more...] about Vietnam joins efforts to restore ecosystems

Japan's core consumer prices posted their biggest jump in seven years in April, official data showed Friday, as global commodity prices soared and the yen slumped against the dollar. The core consumer price index, which excludes fresh food, jumped 2.1 percent year-on-year, according to figures released by the internal affairs ministry. It was the first time since March 2015 that the figure has breached the 2.0 percent set by the Bank of Japan as its long-term inflation target. The reading, against market expectations of 2.0 percent, is the eighth consecutive monthly increase following a 0.8 percent rise in March. And excluding energy, prices were up 0.8 percent in April, against market expectations of a 0.7 percent rise. That was the first positive figure since July 2020, underpinning the impact of skyrocketing energy costs which have been magnified by higher import prices. After years of price stagnation, some manufacturers and stores in Japan who rely on imported … [Read more...] about Japan inflation hits seven-year high

Vietnam’s positive outlook rides on strong external demand, a recovery in domestic consumption, and healthy investment inflows. Vietnam’s economic prospects would remain bright with the GDP growth expected to expand at 6.3% in 2022 and 6.5% in 2023. Overview of the meeting between AMRO's representative and the State Bank of Vietnam. This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to Vietnam from May 3-18, 2022. The mission was led by AMRO Group Head and Lead Economist, Sanjay Kalra. AMRO Director, Toshinori Doi, and Chief Economist, Hoe Ee Khor participated in the policy meetings. The discussions focused on the recovery of the Vietnamese economy from the pandemic and made policy recommendations to further support the recovery while maintaining macroeconomic stability and creating conditions for sustainable and inclusive growth over the medium term. According to Kalra, “such a … [Read more...] about Vietnam’s economic outlook remains bright: AMRO

Vietnam has risen in official pandemic recovery indices thanks to production continuity and vaccinations, Photo: Le Toan The International Monetary Fund (IMF) released in April its World Economic Outlook report, stating that global growth is projected to slow from an estimated 6.1 per cent in 2021 to 3.6 per cent in 2022 and 2023. This is 0.8 and 0.2 percentage points lower for 2022 and 2023 than projected in January. “Beyond 2023, global growth is forecast to decline to about 3.3 per cent over the medium term. War-induced commodity price increases and broadening price pressures have led to 2022 inflation projections of 5.7 per cent in advanced economies and 8.7 per cent in emerging market and developing economies - 1.8 and 2.8 percentage points higher than projected last January,” the report said. “Multilateral efforts to respond to the humanitarian crisis, prevent further economic fragmentation, maintain global liquidity, manage debt distress, tackle climate change, and end … [Read more...] about Measures put recovery on the front foot