Masan's workers on a fish sauce production line. MSN stocks hit ceiling prices on Tuesday. — Photo kinhtedothi.vn Benchmark indices were riding high on Tuesday as optimistic sentiment lifted stocks across the board. The market’s breadth was skewed in favour of bulls with advancers outnumbering decliners by 806 to 133. On the Ho Chi Minh Stock Exchange (HoSE), the benchmark VN-Index surged by 56.42 points, or 4.81 per cent, to reach 1,228.37 points. The market’s liquidity was lower than the previous session with 543 million of stocks traded on the southern bourse, equivalent to around VND13.3 trillion (US$575 million). According to analysts, many holders revoked their selling orders amid strong buying forces, leading to tight supply and soaring prices. Notably, the 30 biggest stock tracker VN30-Index gained 64.47 points, or 5.31 per cent, to end at 1,279.55 points. In the basket, 17 stocks climbed and 13 hit ceiling prices. “VN-Index saw a lot of red on the screen in … [Read more...] about Market riding high thanks to tight supply
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MPI supports digital transformation for SMEs in Ninh Thuận
A business owner in Phan Rang City, Ninh Thuận Province, uses computer to introduce products on her website. —VNA/VNS Photo Nguyễn Thành HÀ NỘI — As the central coastal province of Ninh Thuận shifted to more service industries, most of its 4,000 small businesses have been told to go digital. Most recently, the Ministry of Planning and Investment (MPI) coordinated with the People's Committee of Ninh Thuận and the United States Agency for International Development (USAID) to organise a conference, aiming to raise awareness of the importance of digital transformation in doing business in the province. MPI’s representative said that with the increasingly developing digital economy in the country and around the world, organisations, businesses and traditional models needed to make drastic changes to continue to exist and develop especially during the pandemic. To a province with mostly agricultural production like Ninh Thuận, digital transformation was still relatively new, and at … [Read more...] about MPI supports digital transformation for SMEs in Ninh Thuận
Private banks coming strong against state-owned banks
Illustrative image It is being seen that private banks have now put in place many breakthroughs in business plans and are even preparing to overtake the strong performances of commercial banks in the Big 4 Group. Race for profits Vietcombank has just released its consolidated financial statement for the first quarter of the year, showing a pre-tax profit of more than VND9.95 trillion, which is an increase by 15.3 percent. However, in the first quarter, Vietcombank lost its former place as the number one champion. The private joint stock commercial bank, Vietnam Prosperity Joint Stock Commercial Bank (VPBank), has managed to push Vietcombank to second position. According to its consolidated financial statement for the first quarter, VPBank showed a profit before tax of VND11.14 trillion, up by 178 percent over the same period last year. The third and fourth positions are now being held by Techcombank which showed a profit of more than VND5.52 trillion, and Military … [Read more...] about Private banks coming strong against state-owned banks
PM visits New York Stock Exchange, holds roundtable with CEOs of int’l firms
Vietnamese Prime Minister Pham Minh Chinh (C) visits the New York Stock Exchange (NYSE) (Photo: VNA) In his meeting with NYSE leaders, the Vietnamese PM expressed his pleasure to visit the largest stock exchange in the world in terms of market capitalisation, and thanked them for the warm welcome and the privilege to ring the bell to end the trading session of May 16. PM Pham Minh Chinh meets with representatives of NYSE (Photo: VNA) PM Chinh stressed that Vietnam is cracking down on the violations of a few unscrupulous investors in the country’s stock markets to ensure its security, transparency, and sustainable development. He asked the NYSE to cooperate and share experience in developing an effective, sustainable stock market in Vietnam as well as realising the country’s ambition to successfully build a regional-level financial centre, foster the win-win partnership between the NYSE and Vietnamese agencies and companies, contributing to the development of the … [Read more...] about PM visits New York Stock Exchange, holds roundtable with CEOs of int’l firms
Vietnamese delegation to attend ADSOM and ADSOM+ in Cambodia
The Vietnamese delegation was welcomed by General Mao Vibol, Deputy Director of the General Department of Policy and Foreign Affairs of Cambodia at the airport. The same day, the Vietnamese deputy defense minister had a bilateral meeting with heads of Cambodian and Singaporean delegations ahead of ADSOM and ADSOM+. At the meeting with Director of the General Department of Policy and Foreign Affairs of Cambodia General Nem Sowat, the two sides highly appreciated the bilateral defense cooperation over the past time, especially the success of the 5th Vietnam-Cambodia Defense Policy Dialogue and the freshly-ended first Vietnam-Cambodia Border Defense Friendship Exchange. They affirmed that these activities have contributed to popularizing the traditional friendship between the two countries to their people and troops. The heads of the two delegations agreed that in the coming time the two sides will closely coordinate to effectively carry out contents in the defense cooperation plan … [Read more...] about Vietnamese delegation to attend ADSOM and ADSOM+ in Cambodia
Vietnamese students champion international environmental competition
A team of three Vietnamese high school students has won an international prize on environmental sustainability. Team 'Adorbsies' of three Vietnamese high school students has won the first prize of an international environmental competition. From left: Adorbsies member Lương Anh Khánh Huyền, Trần Quỳnh Anh, Bùi Tú Uyên. Photos courtesy of the team Bùi Tú Uyên, Lương Anh Khánh Huyền and Trần Quỳnh Anh brought home US$100,000 from the Earth Prize competition, an initiative of the Switzerland-based Earth Foundation that encourages students to address environmental issues. Beating more than 650 teams across 114 countries and territories, the three girls’ idea of creating biodegradable menstrual pads from dragon fruit peel won the hearts of the judges for its practicality. “This was a very difficult choice for The Earth Prize Adjudicating Panel to make; but Team Adorbsies’ project is an idea turned into a solution that can make a genuine difference,” said Rina … [Read more...] about Vietnamese students champion international environmental competition
Timor Leste win 2nd medal, VN bag gold in 10,000m
With a Vietnamese flag in his hand, Felisberto de Deus celebrates after winning the second silver medal for Timor Leste. VNA/VNS Photo Hoàng Linh Hoàng Hồ HÀ NỘI — Felisberto de Deus, with a Vietnamese flag in his hand, waved at the fans cheering on his second silver medal at this year’s Games. One day after the historic SEA Games silver in the men’s 5,000m event, Deus continued to make Timor Leste proud with another medal in the men’s 10,000m. The two silvers that Deus won are also the only medals of the Timor Leste delegation so far. Massive effort helped the East Timorese finish second, behind only Vietnamese veteran Nguyễn Văn Lai who completed his golden double with a time of 32:17.34. It was the second gold for the 35-year-old runner and the second time Lai surpassed Deus, the first time being in the 5,000m. In the 800m heptathlon event, a superb performance by Nguyễn Linh Na bagged Việt … [Read more...] about Timor Leste win 2nd medal, VN bag gold in 10,000m
PM visits New York Stock Exchange, holds roundtable with CEOs of world leading firms
In his meeting with NYSE leaders, the Vietnamese PM expressed his pleasure to visit the largest stock exchange in the world in terms of market capitalization, and thanked them for the warm welcome and the privilege to ring the bell to end the trading session of May 16. PM Chinh stressed that Vietnam is cracking down on the violations of a few unscrupulous investors in the country’s stock markets to ensure its security, transparency, and sustainable development. He asked the NYSE to cooperate and share experience in developing an effective, sustainable stock market in Vietnam as well as realizing the country’s ambition to successfully build a regional-level financial center, foster the win-win partnership between the NYSE and Vietnamese agencies and companies, contributing to the development of the U.S.-Vietnam comprehensive partnership. On the occasion, PM Chinh witnessed the awarding ceremony of two cooperation documents in the fields of finance, banking and investment funds … [Read more...] about PM visits New York Stock Exchange, holds roundtable with CEOs of world leading firms
Thin-skinned souls work hard to keep bodies slim and fit
But people around the 24-year-old, who is admittedly at the higher end of the range, call her "sumo." Nguyen, who used to love munching on snacks and sipping boba milk tea in the evening, admits: "I act as if I don’t care, but I'm still a girl and such a label triggers in me a subconscious fear of becoming fat." The office worker in HCMC's District 7 tries not to let others’ negative comments bother her, but has nevertheless grown tired of people’s criticism. Her weight and eating habits have become "semi-public" with family members often criticizing her appearance during the Lunar New Year, and friends constantly pushing her to lose weight. As a result her self-esteem has plummeted, she says. The shame and guilt caused by others has pushed her into action. She spends the better part of the day in front of a computer screen and is not physically active, and so has embarked on a strict eat-clean diet in the hope of losing two to three kilograms this summer. "I am not … [Read more...] about Thin-skinned souls work hard to keep bodies slim and fit