Foreign investors council

Bluechips help main index set new high The Saigon Times A person monitors stock information on a computer screen at a securities firm in HCMC. The benchmark VN-Index of the Hochiminh Stock Exchange bounced back and closed at a new high today, June 22 - PHOTO: VNA HCMC – The benchmark VN-Index of the Hochiminh Stock Exchange bounced back and closed at a new high today, June 22, thanks to the support of bluechips, especially bank and real estate stocks. With 189 winners and 204 losers, the main index added 7.34 points, or 0.53% against the previous session at 1,379.97. Nearly 747 million shares worth over VND22 trillion were traded on the southern bourse, declining 3% in volume and 1% in value over the session earlier. Of the total value, shares traded in put-through transactions were worth some VND2 trillion. In the VN30 basket, 17 stocks made gains, 10 others encountered losses, while the remaining three---dairy firm VNM, fuel distributor PLX, and lender … [Read more...] about Bluechips help main index set new high

The index stayed in the green throughout the day, going as high as 1,386 points at the beginning of the afternoon session, before gradually cooling down. It closed up 7.34 points. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, slipped 1.18 percent to VND22.39 trillion ($973.6 million), the lowest figure since June 2. The bourse saw 189 tickers in the green and 204 in the red. The VN30 basket, comprising the index's 30 largest capped stocks, saw 17 stocks gain, with NVL of real estate developer Novaland Group leading the fray. The ticker rose 4.1 percent, its third consecutive session in the green. It has risen over 136 percent this year. MBB of Military Bank increased 3.3 percent to a new peak of its own. It pushed the index up by more than one point. The top contributor to the index’s growth Tuesday was CTG of state-owned lender VietinBank, which pushed it up by 1.6 points. The ticker experienced a 3.2 percent growth this session. … [Read more...] about VN-Index rebounds with seven-point gain

During a reception in Hanoi on June 21 for Singaporean Foreign Minister Vivian Balakrishnan, who is on Vietnam visit from June 20-23, Chinh hailed Singapore as one of the top investors in Vietnam. The Vietnamese PM suggested both sides actively seek new and creative ways in important areas, and soon hold a meeting of a working group to discuss digital economic cooperation. To effectively boost trade in a balanced manner, Chinh proposed Singapore create more favorable conditions for the import and distribution of several Vietnam’s key goods in the country, including agro-fisheries, processed food, apparel, footwear, new industrial goods such as electric automobiles, electric cable lines, wooden furniture. He urged stepping up negotiations and signing of agreements to mutually recognize quarantine standards in agro-fisheries and processed food. He also proposed effectively realizing specific terms in Vietnam - Singapore economic connectivity agreement. Speaking highly of … [Read more...] about Vietnam encourages Singaporean firms to do business in country: PM