Money losing in stock market

Before the trading session, investors received positive information from the global stock market, especially the US stock market. The stock market of the world-leading economy rallied in the first trading session of a new week after dropping at the end of last week in the context that investors' concerns about the Fed's decision to raise interest rates were higher than the forecast and risks of economic depression. Specifically, the Dow Jones Industrial Average jumped 641.47 points, or 2.15 percent, to 30,530.25 points. The S&P 500 also rose by 2.45 percent to 3,764.79 points. Both indexes recorded the strongest increase in June. The Nasdaq Composite alone surged 2.51 percent to 11,069.30 points. The prosperity of the US stock market is the motivation for investors to jump in and catch the bottom right from the first minutes of the morning trading session. Although the VN-Index suffered the selling pressure from large-cap stocks and sometimes retreated sharply to 1,160 points, … [Read more...] about VN-Index declines for five straight days despite support from banking stocks

About 2.47 quadrillion VND was raised for the State budget in the primary G-bond market over the last 12 years. (Photo: VNA) Hanoi (VNA) – The Government bond market of Vietnam officially became operational at the Hanoi Stock Exchange (HNX) on September 24, 2009. Since then, about 2.47 quadrillion VND (108.5 billion USD) has been raised for the State budget from the primary market to support socio-economic development in the country. More than 206 trillion VND worth of G-bonds has been raised for the State budget annually, accounting for almost 10 percent of total investment in society in 2020 and 28.3 percent of that by the State sector last year. Bond issuance volume up, interest rates down The HNX said that in order to mobilise the above mentioned sum of money, it has organised more than 2,600 auctions, with 60 - 70 percent of the bonds offered successfully sold on average. Notably, interest rates in the G-bond market have declined considerably over the past 12 … [Read more...] about Over 108.5 billion USD raised from primary G-bond market in 12 years

Indices advanced on Thursday morning, backed by recoveries in energy and seafood stocks after a strong sell-off in the previous session. The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) struggled as it curbed the early loss to end higher in the morning trade. Of which, the benchmark rose 0.64 points, or 0.05 per cent, to 1,169.91 points. It gained despite the 30 biggest stocks tracker VN30-Index still losing 2.08 points, or 0.17 per cent, to 1,225.1 points. The southern market's breadth remained in negative territory with more stocks declining than increasing. Liquidity also fell sharply compared to the previous session. Accordingly, the matching value on the HoSE tumbled 35.3 per cent to VND4.42 trillion (US$190.1 million). However foreign investors net bought more than VND140 billion on the southern bourse in the morning session. On the Ha Noi Stock Exchange (HNX), the HNX-Index climbed 1.82 points, or 0.68 per cent, to 271.21 points. Leading the … [Read more...] about Market inches higher on energy, seafood stocks

The index closed three points lower after gaining nearly 20 points Thursday. It has lost nearly 32 points this week. Trading on the Ho Chi Minh Stock Exchange increased by 0.2 percent to VND10.18 trillion ($437.71 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 14 tickers drop. POW of electricity producer Petrovietnam Power Corporation fell 2.5 percent, while GAS of state-owned Petrovietnam Gas dropped 2.4 percent. Other losers included HDB of HDBank, down 2.1 percent, CTG of state-owned lender VietinBank, down 2 percent, and TPB of private TPBank, down 1.9 percent. Thirteen blue chips gained, led by BVH of insurance company Bao Viet Holdings with a 4 percent rise. It was followed by SAB of brewer Sabeco, up 1.4 percent, and PNJ of Phu Nhuan Jewelry, up 1.2 percent. Foreign investors ended three sessions of buying with a net sale of VND82 billion, mainly selling NVL of real estate developer Novaland Group and HPG of steelmaker Hoa Phat Group. … [Read more...] about VN-Index ends week with 4th losing session

Curbs to stop the virus in Shanghai, China's fashion capital, ground the city of 25 million to a halt in April and May, leaving clothing and beauty product displays in stores untouched and containers of imported apparel stranded at port. The city's re-opening this month saw a flood of goods ship from warehouses to store shelves already laden with merchandise unsold during two months of lockdown. Normally around a fifth of all imported goods coming into China pass through Shanghai's port. Days after Covid-19 curbs eased, large "sales" signs went up across Shanghai, with retailers from Lululemon to Victoria's Secret offering discounts to lure shoppers. Even online retailers have struggled to clear a glut caused by lockdowns and supply interruptions. "This affected us a lot," said Josh Gardner, founder and chief executive of China market e-commerce partner Kung Fu Data, which manages online stores for 10 fashion brands, including G-Star Raw. "In April, May on (China's major … [Read more...] about Shanghai’s fashion stores struggle to clear lockdown stock hangover

A Viettel staff instructs buyers to use QR code to pay at a wet market. (Photo: VNA) Da Nang (VNA) – Traders at wet markets in the central city of Da Nang are now able to go cashless as they can use e-wallet mobile app Viettel Money under a 4.0 wet market model introduced on April 8. The new model was launched by the municipal Department of Industry and Trade and the Da Nang branch of military-run telecom group Viettel, aiming to accelerate digital transformation and use of the non-cash payment method at the city’s wet markets and provide more opportunities for local residents to experience modern payment services. Owners of over 1,000 stalls at Da Nang’s three major wet markets – Con, Han and Dong Da – have been provided with a QR code enabling users to make online payments through access with 37 banks and Viettel Money . As payments now only require scanning of the QR code, with no cash nor changes involved, they become very fast and convenient, said Khuc … [Read more...] about Wet market 4.0 model launched in Da Nang

The Land Cruiser LC300, a new version of one of the most sought-after SUVs made by the Japanese automaker, has not been available for pre-order at many dealerships in the two cities since March. Some customers who were able to place pre-orders do not know when exactly their cars would be delivered. Dealerships say it could take nearly a year. Toyota is facing issues with supply of some models, including the Land Cruiser, due to the shortage of parts, a company representative said. Because of the shortage, customers are now buying pre-order contracts from those who have placed the order but no longer have a demand for the car. The new Land Cruiser was first sold in Vietnam in August last year with a price tag of VND500 million ($21,517), but on the secondary market it is being sold at VND700 million or even VND1.6 billion, which is 40-320 percent higher. Toyota ranked second in sales behind Vietnam's Truong Hai Auto Corporation in the first months with 37,906 units, up 57 … [Read more...] about Toyota Land Cruiser out of stock in Vietnam

Numerous difficulties In 2021, the domestic cement market continued to face fierce competition. The company’s products had to compete fiercely with many other cement brands. To enhance productivity and product quality, the company had to improve its two production lines which commenced operations in 2005 with low design capacity. Meanwhile, the instability of global cement prices led to decreases in domestic prices, affecting the company’s sales. The La Hien cement plant Despite these difficulties, the company successfully accomplished its production and business tasks for 2021. The company’s leadership manages the implementation of production and business plans in accordance with the resolution of its shareholders’ meeting. Thanks to appropriate policies, the company has maintained stable sales in traditional markets. Effective solutions In 2021, the company fulfilled or exceeded most of its targets. Specifically, it sold 805,916.11 tonnes of cement earning … [Read more...] about La Hien company cements its contribution to market stability

A worker operating a production line inside a Duc Giang Chemical plant in Hung Yen Province. In 2022, Duc Giang Chemical Group Joint Stock Company (DGC) sets a target of VND12.1 trillion in revenue and VND3.5 trillion in profit after tax. — Photo ducgiangchem.vn Thanks to their good growth potential and attractive valuation, chemical stocks are being included in the portfolios of investors. The stock market last week recorded four out of five declining sessions, of which the first session of the week recorded the strongest decline with the VN-Index losing more than 57 points. Some investors see this as an opportunity to hunt for cheap stocks. Pham Dinh Cong from Ha Noi told tinnhanhchungkhoan.vn that he had taken the opportunity to buy some stocks in the past week, prioritising the enterprises with good financial status and growth potential, such as the chemical group. According to ACB Securities Company (ACBS), in May 2022, the industrial production index of the chemical … [Read more...] about Chemical firms see growth potential thanks to rising selling prices

A chart showing the number of listed companies meeting stock market information disclosure requirements in 2011-22. — VNS Photo Some 385 listed companies on the Ha Noi and Ho Chi Minh stock exchanges, or 52 per cent, have met all information disclosure requirements, according to a survey conducted by the 2022 IR Awards programme. The survey, done between May last year and April this year by Vietstock, the Viet Nam Association of Financial Executives and FILI magazine, was based on criteria for disclosure of information set by the Ministry of Finance and other agencies. According to the organisers, the percentage of listed companies meeting information disclosure standards has risen since 2011 from only 3 per cent to 52 per cent. In 2021 and 2022 the number exceeded 50 per cent, showing that businesses are increasingly paying more attention to compliance, they said. Of the 385 listed companies that complied with information disclosure obligations, the banking industry led … [Read more...] about Only half of listed companies comply with information disclosure norms