Ho chi minh stock exchange

The largest private equity fund management company in the US has just sold Vinhomes shares and made a profit of more than VND1,000 billion (nearly US$ 43.5 million) after a year. According to Ho Chi Minh City Stock Exchange (HOSE), Viking Asia Holdings II PTE. LTD - an organization related to the largest private equity fund management company in the US - KKR - has sold 31.96 million Vinhomes shares (VHM) during the period from August 18 to September 14, when VHM was priced at around 110,000 VND/share. At this price, the organization could collect nearly VND3,500 billion, earning a profit of more than VND1,000 billion after more than one year holding the shares. In June 2020, this organization bought VHM shares at the price of VND75,000 per share. After the transaction, the ownership of Viking Asia Holdings II PTE. LTD decreased from 5.5% to 4.6% of charter capital and is no longer a major shareholder in VHM. This means that it will not have to publish its next …

Continue Reading about American investor earns VND1,000 billion from Vietnam’s hot stock →

He was speaking while visiting Covid-19 isolation facility in Binh Tan District and an infirmary in Tan Phu District, giving them medical equipment on September 18. Mr. Hai visits the hospital in Tan Phu District (Photo: SGGP) Dr. Duong Duy Khoa, chief of the concentrated isolation facility in Binh Tan District, said that the facility receives from 15 to 20 patients and discharges 15-10 patients a day. According to Dr. Duong Duy Khoa, the hospital is currently supported by doctors and nurses from Hue Medical University and Ho Chi Minh City University of Medicine and Pharmacy. Mr. Hai visits the isolation facility in Binh Tan District (Photo: SGGP) Mr. Nguyen Ho Hai said that in the past time, Ho Chi Minh City has strengthened the health system by adopting many various solutions on vaccination and medicine; hence, the southern metropolis has seen a drop in severe cases and deaths. In his tour to the hospital in Tan Phu District, Mr. Hai highly appreciated …

Continue Reading about Grass-root healthcare system should prepare human resources for “new-normal” →

Soldiers and militiamen have been mobilized to the southern city after it imposed the shelter-in-place order, which has lasted for nearly a month. A force of more than 132,000 soldiers and militiamen have participated in the fight against Covid-19 in Ho Chi Minh City, Vietnam’s epicenter of the pandemic. Military medics before leaving Hanoi for the pandemic fight in HCMC. Photo: VNA The force was sent to Ho Chi Minh City (HCMC) when it imposed the shelter-in-place ruling on August 23, according to Dinh Thanh Phong from the General Political Department, the Vietnam People’s Army. Among soldiers, more than 2,000 military medics have been mobilized to join the battle in which they specialize in providing first aid, taking care, and treating F0. Meanwhile, militiamen and soldiers guard the checkpoints, maintain order and anti-pandemic regulations, help people in quarantine facilities, and provide relief to the needy and vulnerable people. Especially, more …

Continue Reading about Nearly 34,000 soldiers join pandemic fight in HCM City →

Tetra Pak has cooperated with MM Mega Market Vietnam to launch public drop-off stations for used beverage cartons at seven MM Mega Market centers in HCM City and Hanoi . (Photo: Tetra Pak ) HCM City (VNS/VNA) - Swedish food processing and packaging solutions provider Tetra Pak has cooperated with MM Mega Market Vietnam to launch public drop-off stations for collecting used beverage cartons at seven MM Mega Market centres in Ho Chi Minh City and Hanoi in 2020. Consumers can take used beverage cartons to those public drop-off stations for recycling. Cartons are then collected periodically twice a month by Lagom and NHC – Tetra Pak’s partners – and transported to Dong Tien paper factory in Binh Duong povince for recycling. MM Mega Market is a large wholesaler and retailer in Vietnam with a network of 20 centres in 15 provinces and cities nationwide. MM Mega Market is known as a pioneer in environment protection with practical initiatives such as …

Continue Reading about Tetra Pak, MM Mega Market to collect used beverage cartons at supermarkets →

COVID-19 vaccination drive in Vinh Phuc province (Photo: VNA) Hanoi (VNA) - Vietnam reported 11,521 new COVID-19 cases in the past 24 hours to 5pm on September 17, including 15 imported ones, according to the Ministry of Health . Ho Chi Minh City still logged the highest number of daily new infections with 5,972, followed by Binh Duong with 4,013, Dong Nai 345, Long An 273 and Kien Giang 180. The capital city of Hanoi saw 15 cases on the day. The national tally has reached 667,650, ranking 47th out of 222 countries and territories. On September 17, as many as 9,914 patients were given the all-clear, raising the total recoveries to 433,465. Some 5,505 patients are in critical conditions. There were 212 fatalities on the day, taking the total number to 16,637, or 2.5 percent of the infections. More than 630,320 doses of COVID-19 vaccines were administered on September 16, raising the total number of injected vaccine doses to over 33 million. Over 6.18 million …

Continue Reading about Vietnam records 11,521 new COVID-19 cases on September 17 →

PANO – On August 18 in Hanoi, the Ho Chi Minh Museum and the Archives Department of the Party Central Committee’s Office kicked off an exhibition, themed “President Ho Chi Minh and the Vietnam – France friendship”, in presence of Secretary of the Party Central Committee, Chief of the Party Central Committee’s Office Nguyen Van Nen. Visitors at the exhibition On display were nearly 200 photos, documents and exhibits, organized into 4 themes: President Ho Chi Minh in the early days to find a way to save the country, the struggle for equal relations between Vietnam and France; the official visit of President Ho Chi Minh City to France in 1946 - Laying a foundation for the two countries’ friendship; President Ho Chi Minh with the solidarity and friendship between the two peoples (1946-1975); Developing Vietnam – France friendship under Ho Chi Minh’s thoughts in the integration and development period. The exhibition, running until December, is in celebration of …

Continue Reading about Exhibition on Vietnam – France friendship held →

Individuals and companies are finding it very difficult to pay rent and other expenses because of closures, Photo: Le Toan Prolonged social distancing and the sharp decline in incomes are burdening many people with active loans from banks. Nguyen Manh Ha, a marketing officer at a footwear company, said that in the past few months, he only earned 70 per cent of his previous income. Meanwhile, Ha’s wife is a trader in Phuoc Binh market in Thu Duc city, which had been closed, leaving her without an income. As a result, the couple currently cannot afford to pay their bank debt of $430 a month for an apartment in Thu Duc city. The total loan of $30,000 involves a fixed interest rate of 10.5 per cent in the first year, which will fluctuate to up to 11.5 per cent per year in the following years. “The sharp decrease in our income forced me to reserve almost all of my salary to pay the loan, and so it is hard for me to cover other expenses,” said Ha. Ha’s case is not unprecedented. …

Continue Reading about Buyers seek loan help →

Ho Chi Minh City led with 4,237 new cases, followed by Binh Duong (2,877) and Dong Nai (939). Saturday's infection tally pushed the infection tally in the ongoing wave since late April to 672,593. 220 deaths were recorded on Saturday, including 165 in HCMC, 39 in its neighbor Binh Duong and seven in the Mekong Delta's Kien Giang. Other deaths were recorded in Tay Ninh (three), Dong Thap (two) and Binh Thuan, Thanh Hoa, Quang Ngai and Hanoi (one each). The national death rate over the past week has been 250 a day on average. The coronavirus death toll in Vietnam so far is 16,857, or 2.5 percent of all infections, compared to the world's average of 2.1 percent. Also on Saturday, 14,903 Covid-19 patients were announced recovered, bringing the total tally of recovered cases so far to 448,368. The country has vaccinated over 33 million people with at least one Covid-19 vaccine shot. Over 6.3 million have been fully vaccinated. Ho Chi Minh City, epicenter of the fourth …

Continue Reading about Vietnam records 9,360 new local Covid cases →

Ho Chi Minh City’s master plan calls for the city to be developed into the nation’s largest economic hub for tourism, industrial services and high-tech agriculture by 2040, with a focus on climate change adaptation. A corner of Ho Chi Minh City. (Photo: VNA) According to a Government decision on the master plan, the city is expected to have 13-14 million people by 2040 and 16 million by 2060. It plans to allocate 100,000-110,000ha of land for urbanisation by 2040. The city will remain the country’s economic and technological hub, focusing on innovation as part of the national urban development strategy. Under the master plan, the city will develop a complete infrastructure linking the city with neighbouring provinces. The newly established Thu Duc city will be developed into an innovative city model that will support the development of HCM City and the southern region. The city will integrate urban development with transit-oriented development (TOD), including …

Continue Reading about HCM City’s master plan to 2040 focuses on climate change adaptation →

* In Ho Chi Minh City, Deputy Secretary of the Municipal Party Committee Nguyen Ho Hai handed over 1,300 pulse oximeters to the medical force in District 4. The gifts were sponsored by Vinh Tien Paper JSC. * On September 17, the Steering Panel for the COVID-19 Prevention and Control of Tan Uyen Town in Binh Duong province launched the first mobile medical station in a business. The medical station’s missions are to monitor suspected cases, conduct COVID-19 tests, and implement vaccination. * The same day, the Long An provincial Department of Labor, Invalids and Social Affairs presented 380 gifts, worth VND 500,000 each, to disadvantaged children in the districts of Tan Hung, Vinh Hung and Tan Thanh. * A delegation of the National Assembly deputies of Binh Duong province in association with the provincial Labor Confederation visited and presented gifts to COVID-19 front-liners. The delegation also gave gifts to local pandemic-hit people and workers. * Defense- Economic Group 778 …

Continue Reading about More support for COVID-19 prevention and control forces →