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Workers processing seafood at a Vinh Hoan factory. VHC was among stocks lifting indices yesterday. — Photo seafood.vasep.com.vn The market ended bullish on Tuesday as strong buying forces brought an upswing on blue chips, lifting indices. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index started off the afternoon session with an inverse head and shoulders pattern but later broke the neckline to reach 1,233.38 points, up 14.57 points, or 1.2 per cent. The market’s breadth was positive with advancers outnumbering decliners by 223 to 211. Notably, three stocks hit floor prices whereas six hit ceiling prices. The market’s liquidity was low with only 479 million shares traded on the southern bourse, equivalent to VND12 trillion (US$520 million). The 30 biggest stock tracker VN30-Index rose by 17.36 points, or 1.38 per cent, to end at 1,272.71 points. In the basket, 26 stocks climbed while four slid. Masan Group (MSN) continued to lead the market rally with a gain of 4.31 … [Read more...] about Market ends bullish on strong buying forces

Hue noted that economic cooperation and trade between Vietnam and Greece have seen positive progress, especially since the E.U. - Vietnam Free Trade Agreement (EVFTA) took effect. He proposed that the two countries continue to promote collaboration in areas of Greece’s strength and Vietnam’s demand such as maritime economy, shipbuilding, seaport, and tourism, while working together to reach a double taxation avoidance agreement and another on maritime transportation to create favourable conditions for economic exchange and trade. The N.A. leader thanked the Greek parliament for ratifying the EVFTA, suggesting that it hasten the act on the E.U. - Vietnam Investment Protection Agreement (EVIPA) as well as the removal of the “yellow card” on Vietnamese fisheries sector. The two sides should work closely together to optimise advantages from the two deals, protecting the legitimate interest of businesses of both countries during their investment and business activities in each other’s … [Read more...] about N.A. leader meets Greek President in Hanoi

Though the benchmark VN-Index has lost nearly 19 percent this year, the bank said it was confident about the long-term prospects of the market as companies have been "on a roll" in terms of growth and profits in recent years. The average earnings per share of listed companies had grown by 35 percent last year, and while trading had dipped in the last few months, the Vietnamese market had surpassed Singapore and Indonesia to become the second largest in Southeast Asia behind only Thailand. Local retail investors accounted for around 87 percent of trading. Though foreigners had been mostly withdrawing from the market for nearly three years, they "have started to dip their toes into this market again" in the past few weeks. This was because only seven of the 30 biggest stocks on the main bourse, the Ho Chi Minh Stock Exchange, had reached their foreign ownership limit. Overall the VN-Index had a foreign ownership limit of 44 percent, and current foreign holdings were at less … [Read more...] about HSBC optimistic about Vietnam stock market despite plunge

Thousands of residents in a poor commune in the northern central province of Thanh Hoa are calling for funding for a safer bridge. Suoi Khanh Bridge has deteriorated The remote mountainous commune of Co Lung in Ba Thuoc District home to a Thai ethnic group is located some 130 kilometres from Thanh Hoa City. Due to difficult terrain, travel has always been one of the biggest challenges for local people. Suoi Khanh Bridge lies on one of the most important routes in Co Lung Commune. The bridge that serves over 2,000 residents in four villages has now seriously deteriorated. According to the chairman of the Co Lung Commune People's Committee, Truong Van Thanh, the Suoi Khanh Bridge was built from wood in 1994. The 25-metre wooden bridge has deteriorated over time," the official said. "We’ve had to repair it many times, especially after flooding seasons, which meant hundreds of children could not travel to school while adults could not go to work." … [Read more...] about New bridge offers safe travel for thousands in poor Thanh Hoa commune