Trade turnover touches US$100 billion in first quarter Vietnam’s total trade turnover amounted to US$100 billion between January and March 19, according to Vietnam Customs. Recently-released statistics from the General Department of Vietnam Customs show that the country raked in US$10.95 billion during the first half of March, with many export staples enjoying a sharp increase in value. The figure helped to lift the country’s total turnover of exports to US$47.05 billion by March 15, an on-year rise of 5.4 per cent. A number of exports recorded a strong rise in value across the reviewed period. They include telephones and components, garments and textiles, computers, electronic items and components, wood and wooden products, and means of transport and spare parts. Meanwhile, imports reached a total of US$21.3 billion during the first half of March, bringing the total import value to US$93.6 billion by March 15. The figure edged up to US$100 billion by March 19, a surge of … [Read more...] about BUSINESS NEWS IN BRIEF 25/3
Penny stock on the move
Market trend hard to predict after difficult week
Viet Nam News HÀ NỘI — Investors should keep a careful watch over the market as price movements have been sensitive and showed no certain trends, analysts said. The benchmark VN-Index on the Ho Chi Minh Stock Exchange recouped 0.71 per cent on Friday to close the week at 988.71 points. Its weekly loss totalled 1.54 per cent. The minor HNX-Index on the Ha Noi Stock Exchange edged up 0.26 per cent to end Friday at 108.09 points, marking a decrease of 2.13 per cent over the week. An average of 287 million shares were traded in each session last week, worth VNĐ6.4 trillion (US$274 million). Liquidity recorded five consecutive declining sessions in the week, as cash flow contraction reflected investors’ caution, Nguyễn Hoàng Việt, head of the market research department at VietinBank Securities told tinnhanhchungkhoan.vn. Investors should temporarily stay out of the market to monitor the indices’ movement, lower stock exposure to a … [Read more...] about Market trend hard to predict after difficult week
Shares to wait for supportive information
Viet Nam News HÀ NỘI — Although the uptrend of the VN-Index is expected to be maintained this week, if there is no strong supportive information, it is believed the index would probably move sideways. The benchmark VN-Index on the Ho Chi Minh Stock Exchange decreased by 0.88 per cent to end Friday at 985.25 points, a weekly gain of nearly 0.59 per cent. The minor HNX Index on the Ha Noi Stock Exchange finished Friday lost 0.60 per cent to end the session at 108.22 points, marking a gain of 0.89 per cent over the week. An average of 300.6 million shares were traded in each session last week, worth VNĐ5.7 trillion (US$243 million). “Technically, the market is forecast to still in a struggle and experience a wide divergence next week, with indices strongly influenced by the fluctuations of large-cap stocks, especially Vingroup (VIC), Vinhomes (VHM) and Vincom Retai (VRE),” said Trần Đức Anh, director of Macroeconomics and Market … [Read more...] about Shares to wait for supportive information
BUSINESS NEWS IN BRIEF 23/11
Bamboo Airways and Petrolimex’s subsidiaries sign MoU Bamboo Airways Company Limited, a member of FLC Group, signed a memorandum of understanding (MoU) for co-operation with the Petrolimex Insurance Company (PJICO) and Petrolimex Aviation Fuel Joint Stock Company. The MoU was signed last week in the central province of Thanh Hoa. Under the terms, Bamboo Airways would give priority to use non-life insurance products of PJICO such as airplane insurance, airline liability insurance, machinery insurance and others as well as aviation fuel of Petrolimex. Meanwhile, the two subsidiaries of Petrolimex would give priorities to use airlines services of Bamboo. Speaking at the signing ceremony, Pham Van Thanh, Petrolimex’s chairman, said Petrolimex has been a member of the Joint Inspection Group (JIG), the world-leading organisation for the development of aviation fuel supply standards. "We committed to provide preferential to Bamboo Airways in its earlier … [Read more...] about BUSINESS NEWS IN BRIEF 23/11