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A staff monitors share prices at Maybank Kim Eng Securities Company in HCMC. The VN-Index is expected to increase toward the resistance range of 985-990 points in the remaining sessions before Tet - PHOTO: THANH HOA HCMC - Having successfully getting through the resistance zone of 969-972 points, the VN-Index is expected to continually increase toward the resistance range of 985-990 points in the sessions before the Lunar New Year, or Tet, said Tran Xuan Bach at the macro and market research department of Bao Viet Securities Company. … [Read more...] about Market forecast to improve before Tet

A boat full of colorful flower pots - PHOTOS: LE HOANG VU Have you ever seen a market from 1.5 to 2 kilometers long? And it’s on the river. If you haven’t, come to a floating market in Vietnam’s Mekong Delta. Floating markets are a signature in the delta, where boats sell everything necessary in the local life. On these days, when Tet, the Lunar New Year, comes by, the floating markets become way busier than usual. Among the most popular products selling very well during the time are colorful flower pots, many of which are transported to HCMC and neighboring localities. To local people, boats full of flowers on rivers are a harbinger of spring. … [Read more...] about Floating flower markets a harbinger of spring

“The group will likely remain supportive of the bank’s capitalization. We anticipate that SHBVN is unlikely to pay dividends to the group in the coming years to support its business growth in Vietnam. The bank has not paid any dividends over the past decade,” noted the agency. … [Read more...] about S&P Global Ratings assigns Shinhan Bank Vietnam BB/B ratings; outlook stable

VASEP concerned over seafood exports to China amid yuan devaluation The Vietnam Association of Seafood Exporters and Producers (VASEP) has expressed concern over a decline in Vietnam’s seafood exports to China due to the sharp depreciation of the yuan.   … [Read more...] about Mitsui raises Vietnam’s Minh Phu Seafood stake to 35 percent

To balance ideas at the session, Nguyen Quoc Ky, CEO of Vietravel, proposed that Vietnam needs a flexible visa policy. Ky also pointed out the disadvantages in exempting visa for 13 countries, saying, “Some of the countries which enjoy visa exemption provide hardly any visitors or the exemption has not increased their tourism market share. While other countries that already show good growth without visa exemption could be accelerated even further. Therefore, it is necessary to amend the visa policy.” … [Read more...] about Private sector suggests wider visa exemptions