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Many workers hustled to make products at Anh Dao Cooperative in Da Lat City At the fruit and vegetable processing zone on Xo Viet Nghe Tinh Street of Anh Dao Cooperative in Da Lat City, many workers hustled to make products. According to the process, agricultural products are harvested from the gardener, then they are brought directly to the warehouse to be classified according to each product that has been ordered in advance. Each product will have its own way of preliminary processing and packaging, but the common point is that they are all classified from the source so that when they go to the place of consumption, they will limit the need to select products and limit the source of agricultural waste. Ms. Uyen of Anh Dao Cooperative said that cabbage vegetables need to be wrapped in paper to avoid being crushed and damaged when they are transported to supermarkets in Ho Chi Minh City. Each year, this unit supplies hundreds of thousands of tons of vegetables and fruits to the … [Read more...] about Lam Dong and HCMC connect to sell agricultural products

A bank employee counting a pile of Vietnamese banknotes at Vietcombank’s branch. The bank’s shares rebounded strongly on Monday, cushioning the market’s losses. — Photo kinhtedothi.vn Benchmark indices were mixed on Monday as rising selling pressure in the afternoon session weighed on the market’s sentiment. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) reversed the morning course to fall further on Monday. It dropped 10.82 points, or 0.91 per cent, to 1,171.95 points. It recovered some losses in the morning trade on bottom-fishing demand. Last week, the index had lost more than 11 per cent due to strong sell-off activities. The market’s breadth was still positive as 232 stocks climbed, while 224 stocks declined. Liquidity decreased sharply over the last trading day, with nearly 584.4 million shares traded on the southern bourse, worth VND14.6 trillion (US$631.3 million). The index extended the downtrend as the rising selling force outweighed the … [Read more...] about Market mixed on persistent strong selling force

A bank employee counting a pile of Vietnamese banknotes at Vietcombank’s branch. The bank’s shares rebounded strongly on Monday, cushioning the market’s losses. Photo kinhtedothi.vn The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) reversed the morning course to fall further on Monday. It dropped 10.82 points, or 0.91 per cent, to 1,171.95 points. It recovered some losses in the morning trade on bottom-fishing demand. Last week, the index had lost more than 11 per cent due to strong sell-off activities. The market’s breadth was still positive as 232 stocks climbed, while 224 stocks declined. Liquidity decreased sharply over the last trading day, with nearly 584.4 million shares traded on the southern bourse, worth VND14.6 trillion (US$631.3 million). The index extended the downtrend as the rising selling force outweighed the bargain-hunting demand. The 30 biggest stocks tracker VN30-Index plunged by 8.68 points, or 0.71 per cent, to 1,215.08 points. In the … [Read more...] about Market mixed on persistent strong selling force

Market slides due to stronger selling force, source freepik.com The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) extended losses, down 3.17 points, or 0.26 per cent, to 1,237.59 points. The market's breadth was negative as more than 330 stocks declined, while 108 stocks rose. Liquidity was also lower than the previous session, of which more than 297.1 million shares were traded on HoSE, worth nearly VND7.4 trillion (US$319.3 million). The index's losses were due to a stronger selling force weighing on sentiment. The VN30 basket, tracking the 30 biggest stocks on the southern bourse, dropped by 6.24 points, or 0.49 per cent, to 1,280.17 points. Realty stocks lead the downtrend this morning, with Vingroup (VIC) posting the biggest loss of nearly 1.8 per cent. It was followed by Novaland (NVL), down 1.92 per cent. Another stock of the Vin family reporting great losses was Vincom Retail (VRE), down 2.37 per cent. Losses was capped by gains in pillar stocks, including … [Read more...] about Market slides due to stronger selling force

Before the morning trading session, investors received positive information from the meeting of the State Securities Commission of Vietnam (SSC) last week. Specifically, at a meeting with 23 securities companies and market members, the SSC asked the stock exchanges to disclose information about the proprietary trading of securities companies. Besides, the SSC also directed the Vietnam Securities Depository (VSD) to adjust the final settlement price of the VN30 index futures contract to be the average price of the last 30 minutes of the expiration date instead of the closing price of the ATC session to avoid the impact on the underlying market. At the same time, the SSC also directed to put forward measures to soon raise Vietnam's stock market from frontier to emerging market as soon as possible. The content of the meeting partly created optimism for investors when the number of selling orders at low prices dropped sharply while the demand was no longer hesitant to be pushed to … [Read more...] about Derivatives continue to distort stock market despite SSC’s intervention

Thinking back to 2018, Ly May Hanh said that every time a passenger coach passed by, around 20-30 people of the Dao, an ethnic group in Vietnam, rushed forward, with some offering brocade and others selling medicinal plants to the visitors. Some days, they could not sell anything. When visitors are nearing Ta Phin bamboo forest, a tourist hotspot in Ta Phin Hamlet, Sa Pa Town in northern Lao Cai Province, a cool breeze comes up as a welcome relief to them especially after they have had to cross a bumpy trail with rocky mountains on one side and a deep abyss on the other. The sounds of forest birds twittering and leaves rustling mingle with admiring voices of the young visitors. Looking at Hanh's smiling face when she tells her stories about the bamboo forest and the culture of the Dao people in Ta Phin, little does one know that this 22-year-old woman used to be a tour guide and interpreter for owners of fruit shops in Lao Cai City, the provincial capital. By … [Read more...] about Young Vietnamese woman endeavors to preserve Dao culture

Japfa policy change irks chicken farmers-illustration photo, source: freepik At the end of April, some affiliated farms in Buon Ma Thuot city in Dak Lak province were quietly closed, and a lot of equipment for livestock has now become useless. Some of them have even had to sell their homes or suffer billions of VND in losses with chicken breeding. Hoang Thi Cuc, a farmer in Hoa Thang ward, poured in over $108,000 into lodging and began to work with Japfa in 2019 to feed 15,000 chickens, but he has now abandoned the farm. “At the time, Japfa said that we could recoup capital within the next three years. So we decided to borrow money and rent land to build the farm. However, after the first year and gaining some profit, we have suffered losses since then. To cut the losses, we stopped receiving chickens from the company for the last six months and have decided to abandon the farm,” said Cuc. Cuc said the farm was losing $8,700 and land rent for every farrow of chicken. While … [Read more...] about Japfa policy change irks chicken farmers

Thao Nguyen - Senior investment manager Ascend Vietnam Ventures Social commerce, a subset of e-commerce that refers to the process of buying and selling goods or services directly within social media platforms, is not new. In Vietnam, long before traditional e-commerce established a foothold with tech-savvy consumers, such activities largely took place on major social media platforms. Serving both big-city shoppers and the majority of the population who live outside of core urban centres, social commerce made up about 65 per cent of Vietnam’s $22 billion e-commerce in 2020, presenting the highest rate in Southeast Asia, according to Bain & Co. Within the last two years, we have been seeing a new wave of startups emerging in this sector and beginning to harness the untapped potential of Vietnam’s social commerce playing field. Some of those have attracted almost $14 million in funding in Q1 this year. Compared to the regional rate of 44 per cent, Vietnam’s social commerce … [Read more...] about Vietnam poised for the next level of social commerce via innovative startups

Dragon fruit is one of the key crops of Long An Province. — Photo baolongan.vn Demand for Vietnamese dragon fruit in foreign markets is increasing, with many importers interested in high-quality fruit from Viet Nam. The Viet Nam Trade Promotion Agency, the Department of Industry and Trade of Long An Province, and the trade offices of the Vietnamese Embassies in New Zealand and Australia jointly organised a consulting session on exporting dragon fruits to Australia and New Zealand in the southern province of Long An last week. Speaking at the event opening, the Vietnamese Ambassador to New Zealand, Nguyen Van Trung, emphasised the importance of promoting agricultural co-operation, agricultural product trade and market opening for the strategic partnership between Viet Nam and New Zealand. Viet Nam wants New Zealand to share its experience and support Viet Nam in building an international brand and value chain for the global commercialisation of dragon fruit, following the … [Read more...] about Promoting dragon fruit exports to Australia, New Zealand

Investors watch stocks' movements in front of a big screen. — Photo tinnhanhchungkhoan.vn Markets experienced the worst performance since March 2020 last week due to strong selling pressure. Experts said that with the current conditions, downside risk is still dominating the market. Last week, the VN-Index on the Ho Chi Minh Stock Exchange (HoSE) breached the 1,200-point level after ending the last trade at 1,182.77 points. It lost nearly 120 points just in the last two sessions. The HNX-Index on the Ha Noi Stock Exchange (HNX) also finished the week at a lower level of 302.39 points. The market dipped for three out of five sessions. For the week, the VN-Index dropped by more than 11 per cent, while the northern benchmark HNX-Index declined 12 per cent. On the southern bourse, trading value increased by 79.9 per cent compared to the previous week to VND84.2 trillion (US$3.6 billion), equivalent to a rise of 92.9 per cent in trading volume to 3.1 billion shares. The … [Read more...] about Market likely to expand bearish trend: analysts