The Ho Chi Minh Stock Exchange (HoSE) suspended all trading activities for the second consecutive day on Wednesday, citing a software glitch that prevented the exchange from completing its closing procedure on Monday afternoon. All trading activities were suspended at the HoSE through Tuesday with the exchange operator announcing that the suspension would remain effective on Wednesday, without explaining when it would reopen. At around 2:30 pm on Monday, the exchange’s electronic order matching system, which matches buy and sell trades, began to lose signal. HoSE announced later the same day that a software glitch had occurred and that the stock exchange was unable to match closing prices for Monday’s session. The exchange operator immediately notified all of its member companies, assuring them that the technical problem would have no impact on already matched transactions. Investors later confirmed that the incident had caused no financial damage, but expressed their … [Read more...] about Ho Chi Minh stock exchange suspends trading again over software glitch
Ho chi minh stock exchange
Ho Chi Minh Stock Exchange appoints new acting chairman
The Ministry of Finance has appointed Le Hai Tra as new acting chairman of the Ho Chi Minh Stock Exchange (HOSE), starting August 14. Le Hai Tra (right) has been named the new acting chairman of HoSE. Prior to this, Tra was a member of the board of directors and deputy general director of HoSE. Tra replaces Tran Van Dung, who has become chairman of the State Securities Commission. Tra holds a Master’s degree in Finance-Administration from the Kennedy School at Harvard University and has spent 20 years working in the financial sector. VNS … [Read more...] about Ho Chi Minh Stock Exchange appoints new acting chairman
Ho Chi Minh City embraces farmer-run safe produce market
A farmer direct market organized in Ho Chi Minh City is providing consumers with more reliable access to safe food. A farmer direct market organized in Ho Chi Minh City is providing consumers with more reliable access to safe food. The new sales outlet is also helping ease growers’ dependence on intermediary businesses. Scared off by chemical-fed cattle and chemical-sprayed greens, rampant in local markets and even some supermarkets, many urban dwellers have turned to several newly opened fair-style markets for their daily intake of safe produce. At a typical weekly gathering at Luong Nong in District 1, which does not begin until 10:30 am, its seven or eight stalls are usually out of stock by noon. The stands are simply arranged as in a rustic market common in the countryside, with farmers themselves selling a wide variety of their own safe, organic produce, ranging from greens, herbs, spices, to fish and meat. Le Thi Thanh Van, who has shopped at the market two or three … [Read more...] about Ho Chi Minh City embraces farmer-run safe produce market
Ho Chi Minh, Guangzhou to enhance financial co-operation
(VOVworld) – Ho Chi Minh City is willing to facilitate businesses of China’s Guangzhou to seek investment and co-operation opportunities. Vice Chairman of the Ho Chi Minh City People’s Committee Le Manh Ha made the remarks at Wednesday reception for the visiting Vice Mayor of Guangzhou city Ouyang Weimin. Ha said Ho Chi Minh City has established co-operative ties with several Chinese localities and is keen on improving the ties with Guangzhou city. Ouyang Weimin hailed co-operation potential between the two cities and said he is accompanied by nearly 300 businesses on this visit, who will attend a meeting in the financial sector in the city. The Chinese delegation will have a meeting with Ho Chi Minh Stock Exchange to discuss co-operation potential. … [Read more...] about Ho Chi Minh, Guangzhou to enhance financial co-operation
British PM Cameron visits Ho Chi Minh City’s pagoda, stock exchange
British Prime Minister David Cameron surprised quite a few people during a brief visit to Ho Chi Minh City on Thursday, local media reported. Cameron, who was visiting Vietnam from July 29 to 30, became the first serving British PM to visit the country. After Hanoi, he visited HCMC, the southern metropolis, on Thursday morning. He met with the city’s Communist Party chief Le Thanh Hai and mayor Le Hoang Quan. During his talks with Hai, Cameron said the UK is willing to share experiences with Vietnam in infrastructure development, finance, urban planning, education and public-private partnership development. He praised the city’s efforts in carrying out economic reforms and creating a favorable business environment for local and foreign investors. Cameron also attended the Vietnam-UK Business Forum, met with British and Vietnamese investors and visited the HCMC Stock Exchange. He then surprised many customers and the staff of Ngon Restaurant on Pasteur Street in District 1 … [Read more...] about British PM Cameron visits Ho Chi Minh City’s pagoda, stock exchange