Saigontimes grou

Environment Air quality of HCMC, Hanoi reaches alarming levels The Saigon Times Daily Wednesday,  Dec 11, 2019,19:26 (GMT+7) Air quality of HCMC, Hanoi reaches alarming levelsThe Saigon Times Daily Motorcyclists wear face masks and eyeglasses when traveling on a street. The air quality index in HCMC and Hanoi City reached extremely unhealthy levels at 8.30 on December 11 – PHOTO: TNO HCMC – The air quality index (AQI) in HCMC and Hanoi City reached extremely unhealthy levels at 8:30 a.m. today, December 11, according to air quality monitoring app AirVisual. The AQI in HCMC was recorded at 178, while that of Hanoi amounted to 186, with both constituting red warnings, Thanh Nien newspaper reported. At 10 a.m., the index in HCMC climbed to 183, while Hanoi City’s index was at 196, nearing purple levels. According to the AQI ranking by AirVisual, Hanoi and HCMC were named among the world’s … [Read more...] about Air quality of HCMC, Hanoi reaches alarming levels

Stock Market Large-cap stocks buoy market recovery The Saigon Times Daily Wednesday,  Dec 11, 2019,19:21 (GMT+7) Large-cap stocks buoy market recoveryThe Saigon Times Daily Two investors look at the electronic stock price quotation board at Maybank Kim Eng Securities Company. The local stock market recovered today, December 11, with the VN-Index rising 1.48 points - PHOTO: THANH HOA HCMC – The local stock market recovered today, December 11, with the VN-Index rising 1.48 points, or 0.15%, at 961.78, backed by the rising prices of large-cap stocks. On the Hochiminh Stock Exchange, the VN-Index rebounded and hit its highest level of the day after falling below the reference mark. There were 216.5 million shares worth nearly VND4.4 trillion changing hands, down 10.8% in volume and 12.6% in value over the session earlier. In block deals, 57.9 million shares were traded with a total value of nearly VND1.5 trillion. … [Read more...] about Large-cap stocks buoy market recovery

Trade Car prices drop during peak shopping season The Saigon Times Daily Wednesday,  Dec 11, 2019,19:54 (GMT+7) Car prices drop during peak shopping seasonThe Saigon Times Daily Cars on display at an expo in HCMC. Prices of many auto brands in the local market were lowered by VND20 million-VND300 million in the peak shopping season - PHOTO: HUNG LE HCMC – The automobile market outlook in HCMC remains dreary though the country is in its peak shopping season in the lead up to the Tet holiday early next year, with many car brands marked down by VND20 million to VND300 million per unit to encourage consumption. Local automobile dealers are rushing to lower prices to attract more car buyers as a result of high inventories, reported Sai Gon Giai Phong newspaper. The prices of cars such as the Toyota Fortuner, Toyota Innova and Mazda CX5 are down by VND20 million-VND40 million each. Besides this, reductions of between … [Read more...] about Car prices drop during peak shopping season

Vietnam Economy ADB raises Vietnam’s growth forecast to 6.9% this year By Trang Nguyen Wednesday,  Dec 11, 2019,19:45 (GMT+7) ADB raises Vietnam’s growth forecast to 6.9% this yearBy Trang Nguyen Employees are seen working at a local firm. Vietnam’s GDP growth in the first three quarters of 2019 accelerated to 7%, the highest rate for the period in nine years – PHOTO: DAO LOAN HCMC – While trimming its forecasts for economic growth in developing Asia this year and next given the slower growth in China and India, the Asian Development Bank (ADB) has raised Vietnam’s growth forecast to 6.9% for 2019 and 6.8% for 2020. In a supplement to its Asian Development Outlook 2019 Update released in September, ADB expects gross domestic product (GDP) in the region to expand 5.2% in both 2019 and 2020, down from the September forecast of 5.4% growth this year and 5.5% next year. In Vietnam, GDP … [Read more...] about ADB raises Vietnam’s growth forecast to 6.9% this year

Vietnam Economy Vietnam’s economy resilient despite weaker external environment: ADB By Thuy Dung Wednesday,  Sep 25, 2019,16:07 (GMT+7) Vietnam’s economy resilient despite weaker external environment: ADB By Thuy Dung Eric Sidgwick (C), ADB country director for Vietnam, speaks at the press conference in Hanoi on September 25 – PHOTO: THUY DUNG HANOI - Vietnam’s economy is forecast to maintain healthy growth in 2019 and 2020 at 6.8% and 6.7%, respectively, after growing a robust 7.1% last year, the Asian Development Bank (ADB) said in an update of its flagship annual economic publication, launched today, September 25. In the Asian Development Outlook 2019 Update, ADB noted that while Vietnam’s gross domestic product growth moderated in the first half of 2019, it will remain resilient this year and next despite a weaker external environment. Inflation forecasts have been lowered to 3.0% from … [Read more...] about Vietnam’s economy resilient despite weaker external environment: ADB