Foreign investors were net sellers to the tune of around VND620 billion on all three bourses, with the net selling focused mostly on HPG of steelmaker Hoa Phat Group (up 0.2 percent), SSI of SSI Securities Corporation and VHM of Vinhomes. … [Read more...] about VN-Index inches down in week’s opening session
Charlottesville restaurant week 2019
Reference exchange rate up VND5 at week’s beginning
With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,835 VND/USD and the floor rate, 22,447 VND/USD. … [Read more...] about Reference exchange rate up VND5 at week’s beginning
COVID-19 and Decree 100 keep hampering the local beer sector from recovery
Otherwise, the total consumption of fast-moving consumer goods plummeted by 7.5 per cent in the first nine months of last year. Of this, the second quarter was the hardest for the entire sector due to the month-long social distancing, and also the three-month closure of non-essential services like bars and pubs, the main consumption channel of beer. … [Read more...] about COVID-19 and Decree 100 keep hampering the local beer sector from recovery
Vinamilk exports plant-based and condensed milk to China
Hanoi (VNA) – Vinamilk said it exported ten containers of plant-based milk to China in the early days of 2021 and five more containers of condensed milk will soon depart for the world’s largest market. It is believed to be a good start for Vietnam’s largest dairy producer this year. Ten containers of high-quality plant-based milk – almond-flavoured soymilk and red bean-flavoured soymilk – have arrived in China and been available at local convenience stores while the State-owned corporation is ramping up production to deliver five containers of condensed milk before the Lunar New Year Festival. In April last year, Vinamilk dispatched to China its first shipment of Ong Tho (Longevity) Brand Sweetened Condensed Milk, which has been well-received in the neighbouring country. Last week, the Ministry of Industry and Trade announced that Truong Tho Dairy Factory, a member of Vinamilk, was granted with codes for exporting to China sterilized milk, modified … [Read more...] about Vinamilk exports plant-based and condensed milk to China
Co-working space expects huge rise in demand
Hanoi (VNA) – Many businesses have struggled due to the COVID-19 pandemic, but co-working spaces have bucked the trend and are expected to expand in the coming time, fuelled by companies seeking flexible leasing contracts, according to Savills experts. Director of Savills Hanoi Matthew Powell said co-working spaces that provide flexibility for various kinds of businesses will develop, explaining it is sparked by the outbreak as well as demand for communication and exchange within the firms. Meanwhile, structural changes in the retail sales sector have added a certain number of spaces for the office market, he said, flexible office models could branch out in tandem with the retail sales market since they revolve around shared amenities such as public transport, parking lots, restaurants, and entertainment. Shared office space is normally operated under month-to-month leasing contract. However, the market saw strong surge in demand for this kind of office, and most of which … [Read more...] about Co-working space expects huge rise in demand