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Stock Market Large-cap stocks buoy market recovery The Saigon Times Daily Wednesday,  Dec 11, 2019,19:21 (GMT+7) Large-cap stocks buoy market recoveryThe Saigon Times Daily Two investors look at the electronic stock price quotation board at Maybank Kim Eng Securities Company. The local stock market recovered today, December 11, with the VN-Index rising 1.48 points - PHOTO: THANH HOA HCMC – The local stock market recovered today, December 11, with the VN-Index rising 1.48 points, or 0.15%, at 961.78, backed by the rising prices of large-cap stocks. On the Hochiminh Stock Exchange, the VN-Index rebounded and hit its highest level of the day after falling below the reference mark. There were 216.5 million shares worth nearly VND4.4 trillion changing hands, down 10.8% in volume and 12.6% in value over the session earlier. In block deals, 57.9 million shares were traded with a total value of nearly VND1.5 trillion. … [Read more...] about Large-cap stocks buoy market recovery

Masan MeatLife officially debuted on the securities market on December 9 The day officially saw 323.3 million MML stocks worth VND26 trillion ($1.13 billion) launched on the UpCoM at VND80,000 ($3.48) per stock. However, after the first session, the stock fell by 12.6 per cent or VND10,000 ($0.43) in price, hence MML's market capitalisation shrank by nearly VND3.3 trillion ($143.48 million) to $976 million. Two years ago, VN Consumer Meat II Pte., Ltd. purchased 7.5 per cent of Masan MeatLife for $150 million. The stock price at the time was VND210,000 ($9.13), equalling $2 billion in capitalisation. At the time of launching on the securities market, the company gave wind to ambitions of conquering the local meat market the way Vinamilk has been dominating the milk segment. Masan MeatLife currently has 10 factories with the annual capacity of 3 million tonnes. Moreover, the Masan subsidiary also developed a distribution system of more than 4,500 dealers across the country. According … [Read more...] about Masan MeatLife yet to live up to IPO expectations

BizInfo PYCOGROUP holds Best Developer Competition in Vietnam Thursday,  Dec 12, 2019,10:00 (GMT+7) PYCOGROUP holds Best Developer Competition in Vietnam On November 30, PYCOGROUP and its partners - MessageMedia, Ansarada and YellowPepper - held the first-ever Best Developer in Vietnam competition, highlighting the continuous growth of the tech industry in Vietnam and its future in the tech world. The competition aimed to unearth Vietnam's best programming talent through a series of competitive rounds, challenging both their programming and soft skills. It was an exciting day full of suspense for over 400 attendees, including contestants, judges, mentors and supporters. With over 500 registrations from all across the country, only one could be the best, Vo Phi Hung, who took home the title of Best Developer in Vietnam 2019. The second prize belonged to Do Tri Quoc from Hanoi and the third prize belonged to Tran Duy Thanh … [Read more...] about PYCOGROUP holds Best Developer Competition in Vietnam

International Jesus hat-trick gives Man City 4-1 win at Dinamo The Saigon Times Daily Thursday,  Dec 12, 2019,07:36 (GMT+7) Jesus hat-trick gives Man City 4-1 win at DinamoThe Saigon Times Daily Manchester City's Gabriel Jesus scores their third goal to complete his hat-trick at Stadion Maksimir, Zagreb, Croatia December 11, 2019 – PHOTO: REUTERS ZAGREB (REUTERS) - Manchester City striker Gabriel Jesus netted a superb hat-trick as they came from behind to beat Croatian title holders Dinamo Zagreb 4-1 away in an entertaining Champions League Group C clash on Wednesday. City, who had already secured the group’s top spot, finished with 14 points from six games, seven ahead of Atalanta who joined them in the last 16 after a 3-0 win at Shakhtar Donetsk. Third-placed Shakhtar, who collected six points, will carry on in the Europa League’s last 32 while Dinamo (five points) were eliminated from European … [Read more...] about Jesus hat-trick gives Man City 4-1 win at Dinamo

Workers perfect wood products for export at the Woodsland Tuyen Quang JSC.-Photo hanoimoi.com.vn Businesses also have enough orders for production by year-end, said Nguyen Ton Quyen, Vice Chairman and Secretary-General of the association. Deputy Minister of Agriculture and Rural Development Ha Cong Tuan also said to meet this goal, the Government has committed to creating favourable conditions for businesses, including domestic and foreign-invested enterprises, to develop and have solutions for origin fraud in the timber industry. According to the association, Vietnam is expected to export timber and wood products to the EU valued at over $700 million this year, higher than the $680 million achieved in 2018. Before 2018, the EU market mainly imported outdoor wooden furniture, while since early this year this market has increased imports of indoor wooden furniture at a much higher value. This trend will continue in the future, it said. Vietnam's exports of timber and wooden products … [Read more...] about Vietnam to gain $11b from wood and forest product exports this year