Analyst underates market, saying hard to find short-term profits Analysts from securities companies have a bleak outlook on the market trend this week and say that finding short-term profits has become more difficult. On the Ho Chi Minh Stock Exchange, the VN-Index closed Friday up 0.23 per cent at 1,420.27 points, expanding the weekly gain to 2.17 per cent. An average of 680.4 million shares were traded on the southern exchange during each session last week, worth VND23.5 trillion (US$1 billion). Viet Nam's stock market continuously set historic peaks last week, with high liquidity and the strongest net buying value in the first half of the year. This positive development together with the news that HoSE will officially operate a new trading system provided by FPT Securities Joint Stock Company this week supported the market. However, Tran Xuan Bach, a stock analyst at Bao Viet Securities Co (BVSC), said: “The market is expected to fluctuate in a narrow range with strong …
Australia donates nearly $30 million and 1.5 million vaccines to Vietnam
Australian Minister for Trade, Tourism and Investment Dan Tehan and Vietnamese State President Nguyen Xuan Phuc On July 13, the Australian Minister for Trade, Tourism and Investment Dan Tehan announced that Australia would support 1.5 million doses of AstraZeneca COVID-19 vaccines made in Australia for Vietnam. Besides this, around AUD40 million ($29.96 million) to help procure vaccines would be a part of Autralian’s commitment to support Vietnam. On behalf of the Vietnamese government, Vietnamese Deputy Prime Minister Pham Binh Minh expressed sincere thanks to the Australian government for their donation and long-standing partnership. He hoped that the two countries would continue to closely cooperate in the fight against the COVID-19 pandemic. Australian Minister for Trade, Tourism and Investment Dan Tehan and Vietnamese Deputy Prime Minister Pham Binh Minh Regarding bilateral relations, DPM Minh said, “The strategic partnership between Vietnam and Australia is …
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