Second term half term

Illustrative photo Value of stock Determining the approximate time to enter the market is the dream of all investors in the world, and no one is sure if they can be absolutely accurate on this. However, this is only when investors want to always win in short-term trading. For long-term investors, it is not a big deal when fluctuations go up and down for a few days, or a few weeks, as long as they know that the shares held have guaranteed value in the future and will continue to grow. In the long term, it is the value of the stock or the market in general that determines the trend. The short-term speculative view is to bet that someone else will buy back your shares at a higher price, while the long-term view is to bet that the business will continue to grow and distribute good profits to shareholders. If you understand this, the line between right and wrong turns out to be a move towards the cautious. Many speculators understand the market differently than an investor. In … [Read more...] about Seasoned investors unaffected by stock fluctuation

Electronics groups from South Korea and Japan are continuing to expand in Vietnam, Le Toan The Saigon Hi-tech Park Management Authority has recently granted the license for Samsung Electronics HCMC CE Complex (SEHC) to expand its operation with a total investment capital of $841 million. Starting operations in 2016, SEHC is currently Samsung Electronics’ second-largest manufacturing site worldwide for TV screens and home electronics units. Meanwhile, Samsung Engineering has officially become the strategic shareholder of DNP Water, a member of DNP Holdings, after spending $41 million to acquire 24 per cent of the company. The pair signed a strategic partnership agreement on June 29. Investing in DNP Water is an opportunity for Samsung Engineering to approach the water treatment sector in Vietnam. With the experience and the competition capacity, it has plans to open wastewater treatment plants and then expand to other surrounding countries. Founded in 1970, Samsung … [Read more...] about Samsung imprinting essential role in fostering capital inflows

A programme to link banks and businesses helps add another channel for businesses to access preferential credit. — Photo nld.com.vn Four commercial banks signed agreements to provide loans worth a total of VND4.66 trillion (US$200 million) to 20 companies operating in HCM City-based industrial parks and export processing zones at a meeting connecting banks and businesses held here last week. The agreement is designed to help companies access credit in a timely manner in the context of increasing capital demand. Hua Quoc Hung, head of the HCM City Export Processing and Industrial Zones Authority (Hepza), said demand for funds among businesses was very high in this recovery period after the COVID-19 pandemic. "Companies have high demand for preferential credit to restore and expand production, but access to these sources of capital is still limited,” he said. According to the State Bank of Vietnam’s HCM City branch, this year, 13 banks in the city have registered to … [Read more...] about ​​​​​​​Banks provide preferential loans to enterprises

Four commercial banks signed agreements to provide loans worth a total of 4.66 trillion VND (200 million USD) to 20 companies operating in Ho Chi Minh City-based industrial parks and export processing zones at a meeting connecting banks and businesses held last week. Illustrative photo The agreement is designed to help companies access credit in a timely manner in the context of increasing capital demand. Hua Quoc Hung, head of the HCM City Export Processing and Industrial Zones Authority (Hepza), said demand for funds among businesses was very high in this recovery period after the COVID-19 pandemic. "Companies have high demand for preferential credit to restore and expand production, but access to these sources of capital is still limited,” he said. According to the State Bank of Vietnam’s HCM City Branch, this year, 13 banks in the city have registered to participate in the loan programme and plan to provide credit of 424 trillion VND (18.2 billion … [Read more...] about Banks provide preferential loans to enterprises

Pineapples are being processed for export at a Dong Giao Foodstuff Export JSC factory in Gia Lai Province. — VNA/VNS Photo Hong Diep Viet Nam earned US$27.88 billion from agro-forestry-fishery exports in the first half of this year (H1), up 14 per cent year-on-year despite the difficulties and impact of the world economic environment, according to the Ministry of Agriculture and Rural Development (MARD). Of the sum, exports of key farm produce and forestry products reached $11.37 billion and $9.1 billion, surging 8.8 per cent and 3 per cent year-on-year, respectively, fishery products hit $5.8 billion, up 41 per cent annually, while that of livestock reached $176 million, down 16 per cent, and production input topped $1.42 billion, up 65 per cent. Nine types of goods recorded an export revenue exceeding $1 billion in the period: coffee, rubber, cashew, fruit and vegetable, rice, tra fish, shrimp, wooden goods, and inputs for production. Items which saw increases in both … [Read more...] about Agro-forestry-fishery exports on track to surpass yearly target

At the three-day meeting, the delegates will listen to reports of the Municipal People’s Committee on the socio-economy situation in the first six months of 2022 and missions, and solutions in the second half of the year; consider some reports of the HCMC People’s Committee. Of which, there will be reports related to public investment planning, school fees at all levels, attraction policies and support for staff working at commune-level agencies. Notably, the delegates will perform thematic supervision on the implementation of Resolution No. 54/2017 of the National Assembly on piloting specific mechanisms and policies for the development of the southern metropolis. At the meeting, the standing board of the HCMC People’s Council will also give assessments on proposals of HCMC’s People’s Committee’s voters at the previous meetings. In addition, the Vietnam Fatherland Front Committee of Ho Chi Minh City will also announce the participation in government building activities in the … [Read more...] about Sixth meeting of 10th tenure People’s Council of HCMC opens

Striker Nguyen Van Truong (left) vies for the ball with Jaime Domingo Rosquillo of the Philippines in the 2022 Southeast Asian U19 Football Championship held in Indonesia on Monday afternoon. (Photo VFF) Hanoi (VNS/VNA) – Vietnam crushed the Philippines 4-1 in the 2022 Southeast Asian U19 Football Championship held in Indonesia on July 4 afternoon. Following the goalless draw against Indonesia in the first match, Vietnam were determined to secure three points. From the off, Vietnam were on the front foot. After missing two good chances in the opening exchanges, striker Nguyen Quoc Viet found the net with his third early effort to open the scoring. In the 16th minute, striker Nguyen Van Truong had a good chance to double the lead but after dribbling through the defence his effort was saved by Lance Jeter Aquino Bencio. With the sun beating down in Indonesia, Vietnam conserved their energy in the first half to ensure they never ran out of steam. The Philippines … [Read more...] about Vietnam crush Philippines in Southeast Asian U19 event

The Ministry of Planning and Investment (MPI) reported last week by the Vietnam Electronic Industries Association (VEIA) that Apple has moved 11 factories from Chinese businesses in the supply chain to Vietnam, while other assemblers like Foxconn, Luxshare, Pegatron, and Wistron are ramping up production capacity in Vietnam. Do Thi Thuy Huong, general secretary of the VEIA, said that the electronic components manufacturing industry of Vietnam has its own advantages for those looking to relocate supply chains out of China to neighbouring countries. “A number of high-tech groups have been cultivating their projects in the northern provinces of Bac Ninh and Bac Giang, and they will also do the same in some other potential localities,” Huong said. Last week Sandeep Mehta, president of India’s Adani Ports & SEZ, announced on behalf of Adani Group that it would pour $10 billion into Vietnam. It is part of a $100 billion package that Adani Group would like to invest overseas. … [Read more...] about Electronics giants leading foreign investment bounce

Trang Van Sin from Muong Khuong district in Lao Cai province has earned his first profits from his pig farm. It is the result of participating in a short-term vocational training course organised by the district’s Centre for Continuing Education and Vocational Training. “After graduating from high school, I participated in a livestock training course organised by the centre. With the learned knowledge, I decided to develop a black pig farm with 200 pigs. Each year, the farm is calculated to provide between 70 and 80 tonnes of pork to the market and I may get between $4,350-8,700 per year,” Sin said. Diversifying career opportunities for ethnic minority youths The training course is a part of the province’s effort to realise targets under the national target programme on socioeconomic development in ethnic minority-inhabited and mountainous areas in this decade, which was approved by the government in October last year. As part of the national target programme, half … [Read more...] about Diversifying career opportunities for ethnic minority youths

From the beginning of the trading session, financial stocks, such as banks and securities, gained positively, keeping the VN-Index from falling sharply even though many sectors were flooded in the red. Banking stocks that climbed the most on the floor at approximately 3 percent were VIB, BID, TCB, CTG, and MBB. Securities stocks, like VCI, HCM, and VND, also remained in an upward trend. Besides, penny-chip stocks, like HAG, AMD, ITA, and HNG, and steel stocks, including HPG, HSG, and NKG, also went up because of vibrant trading. In contrast, energy and seafood stocks dropped sharply. Specifically, VHC declined by 4.2 percent, ACL retreated by 5.1 percent, NT2 sank by 5.6 percent, VSH slumped by 4.9 percent, and REE slid by 3.5 percent. As a result, the market still dropped slightly. Closing the morning session, the VN-Index deleted 4.5 points, or 0.38 percent, to 1,191.03 points. On the Hanoi Stock Exchange, the HNX-Index also went down by 2.04 points, or 0.73 percent, to 279.15 … [Read more...] about VN-Index loses nearly 15 points on selling pressure