Deputy Minister of Labour, Invalids and Social Affairs Nguyen Thanh Hoa spoke to Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) about the need for new regulations on unemployment insurance During the economic slowdown, many enterprises face financial difficulties which cause them to delay paying unemployment insurance fees, thus violating workers' rights. What do you think about it? At present, there are over 8 million people with unemployment insurance. Last year, despite the economic slowdown, the number of participants was still 6.6 per cent higher than the previous year. This proves the effectiveness of a campaign to raise public awareness of the benefits of unemployment insurance. About 1.1 million participants have registered for insurance allowances after losing their jobs, with nearly 870,000 people being successful. According to current regulations, people are eligible to get the allowance if they and their employers fulfill their responsibilities in paying unemployment … [Read more...]
Mat Bao launches free website service
HCM CITY (Biz Hub)— Free unlimited time, flexible content and simplicity are the advantages that the Mat Bao (Storm Eyes) company offers to its customers with its Landing Page service. Users only need to register at www.id.matbao.net or www.matbao.net and follow instructions. With a diversified database and template, it is easy for users to change the appearance of their website. The company also pledges to ensure security.— VNS … [Read more...]
Bao Viet to compensate bus crash victims
The scene of the bus crash over Hon Giao Mountain Pass last Friday. — Photo vnexpress.net HA NOI (Biz Hub) — Bao Viet Life Insurance Company will compensate the victims of a bus crash that occurred in central Khanh Hoa Province's Khanh Vinh District last Friday. The driver failed to brake and hit a cliff while crossing Hon Giao Mountain Pass, killing nine people and wounding 21 others. The bus owner, Da Nang-based Thanh Tien Hoang Hai Tung Tourism and Services Co, had taken out insurance against life and vehicle tolls, said Bao Viet assessment official Hoang Minh Huy. Bao Viet affiliates in Da Nang and Khanh Hoa had co-operated to advance over VND100 million (US$4,700) for the families of those killed in the crash, as well as VND5 million ($240) for each severely wounded person and VND2-3 million ($95-143) for each slightly injured. "We will continue to financially assist the victims after a final police conclusion is available," Huy said. Bao Viet will compensate a … [Read more...]
Blue chips spur VN-Index
Solid gains in blue chips continued to support the VN-Index on Jan 8, pushing it up to an eight-month high of 447.16 points, while the VN30 tracking the top 30 shares was also up 3.18 percent, closing at 525.36 points. Twenty five of the top 30 on the bourse gained in value, with 13 closing at their ceiling prices. "Aggressive foreign buying of blue chips and profit-taking selling boosted local sentiment, with a huge volume of 225 million shares being transferred to their accounts," FPT Securities Co's analysts wrote in the day's report. They said solid gains up to the ceiling prices of key stocks like Bao Viet Holdings (BVH), Tan Tao Industry Investment (ITA), Masan Group ( MSN ), PetroVietnam Finance (PVF) and Ocean Group (OGC) cemented their belief that the current upturn would continue for the foreseeable future, especially with the support of foreign buyers. Foreign traders on Jan 8 collected another net buy of nearly 202 billion VND (9.7 million USD) worth of shares. The … [Read more...]
Blue chips support VN-Index
Shares extended gains on Dec 11 on both stock exchanges, boosted by rises of large-cap shares. The VN-Index added 0.69 percent to close the day at 389.37 points. Trading value rose 15 percent over Dec. 10's level, reaching more than 556 billion VND (26.6 million USD). Insurer Bao Viet Holdings (BVH) and property developers Hoang Anh Gia Lai (HAG) and VinGroup (VIC) jumped 3.5 percent while Vietinbank (CTG), Vietcombank (VCB) and PetroVietnam Finance (PVF) rose between 1-2.7 percent. The VN30 tracking the top 30 shares on the bourse was up 0.49 percent to 455.90 points. On the Hanoi Stock Exchange, the HNX-Index opened low but managed to maintain the green by the end of the day's session, finishing up 0.02 percent at 52.72 points. More than 50 million shares changed hands during the day, the highest volume in the past three months. They were worth 275 billion VND (13.2 million USD). Property developer Sacomreal (SCR) was again the most active code on whopping trades of 8.4 million … [Read more...]
Data dwindle stunts VN markets
Investors follow a trading session at SSI Securities in Ha Noi. The VN-Index edged down 0.62 per cent to close yesterday's session at 383.32 points but trading value rose 25.5 per cent over Friday to VND378.3 billion (US$18.1 million) on a total volume of over 22.5 million shares. — VNS Photo Viet Thanh HA NOI (VNS)– Stocks opened the new trading week down yesterday, with both bourses losing value following a lack of positive data. Most businesses have already announced their third-quarter results, and so there was little news to rally the market during coming weeks, according to analysts from Bao Viet Securities Co. "The market may become more active at the end of this month or early next month when ETFs (exchange traded funds) announce the make-up of stocks in their portfolios. In the short-term, the market could probably trade around the current balancing point," they wrote in the latest report. The benchmark VN-Index edged down 0.62 per cent to close yesterday's … [Read more...]
VN-Index up for third straight day
Shares rose for a third straight day on June 7 on the HCM Stock Exchange despite reduced market volume and value. Advancers overwhelmed decliners by 235-30, in line with another rise of 1.88 percent of the benchmark VN-Index which closed the session at 434.41 points. Blue chips soared, with 23 of the top 30 shares by market value and liquidity rising while only three sank and four closed unchanged. The VN30 Index measuring the performance of these 30 shares also edged up by over 1 percent to 509.41. Many shares hit the one-day limit rise of 5 percent, including heavyweight stocks such as PV Gas (GAS), insurer Bao Viet Holdings (BVH), financial Ocean Group (OGC), property developer Quoc Cuong Gia Lai (QCG) and Sacombank Securities Co (SBS). However, market value continued to fall by 35 percent over June 6level, reaching just nearly 1.14 trillion VND (54.3 million USD) on a total volume of 71.3 million shares. "Rallies without improved liquidity are not a reliable signals for a … [Read more...]
STB slump fuels VN-Index slide
Shares of Sacombank (STB) sank to their floor price for a fourth consecutive session on Feb. 16, helping drag down indices on the HCM Stock Exchange. Over six million STB shares were exchanged on the latest news that Sacombank will increase its charter capital by 17 percent this year to 11.7 trillion VND(557.1 million USD). Other blue chips were mixed. While Tan Tao Investment and Industry (ITA) and software producer FPT posted gains of over 1 percent, insurer Bao Viet Holdings (BVH) shed 1.9 percent of its value, and real estate developer Hoang Anh Gia Lai (HAG) and PetroVietnam Finance (PVF) each closed down by over 1 percent. The VN-Index closed off overall by 0.23 percent to 396.51 points, while the VN30 Index closed at 443.54 points, a loss of 0.57 percent from the previous trading session. The value of trades declined by 17 percent from the previous session, totalling 658 billion VND (31.3 million USD) on a volume of 34.8 million shares. Advancers managed to outnumber … [Read more...]
Recovery of blue chips buoys VN index
Shares continued to sway between gains and losses in the afternoon before closing slightly higher on both stock exchanges on June 18. The benchmark VN-Index on the Ho Chi Minh Stock Exchange closed up 0.07 percent at 498.88 points, ending a six-day falling streak. Market conditions were negative, with 101 codes falling, 95 rising and 112 closing flat. The trading volume also dropped by 30 percent from a day earlier to nearly 55.8 million shares, worth 1.08 trillion VND (51.4 million USD). Recovery of some heavyweight shares such as dairy producer Vinamilk (VNM), insurer Bao Viet Holdings (BVH), Vietcombank (VCB) and Saigon Securities Inc (SSI) helped rescue the index from another fall. The VN30 tracking the top 30 shares on the bourse was also up 0.21 percent to 552.87 points. Only twelve codes had trades of over 1 million shares, of which property developer Tan Tao Investment Industry Corp (ITA) was again the most active with 4.18 million shares traded at an unchanged value of … [Read more...]
VN-Index ends week on a high
Shares closed at 503.76 points by the end of July 19 with the benchmark VN-Index gaining nearly 7 points, or 1.39 percent. Blue chips continued to climb, supporting the Ho Chi Minh City market. Pillars of the market, including Vinamilk (VNM), Masan Group (MSN) and Bao Viet Holdings (BVH), all climbed around 3 percent, lifting the VN30 tracking the top 30 shares by market capitalisation and liquidity up 1.07 percent to 556.56. Total trading value decreased from the previous session, from 1.33 trillion VND on July 18 to over 1.25 trillion VND (59.7 million USD). Trading in the VN30 shares still made up 73 percent of the total market value at 912.3 billion VND (43.4 million USD). Property developer VinGroup (VIC), the most active code on total trades of 3.4 million shares, climbed 0.8 percent to close at 64,000 VND a share (3.05 USD). VinGroup plans to buy back about 46.4 million shares of the company in July. On the Hanoi Stock Exchange, the HNX-Index also closed up 0.3 percent at … [Read more...]