Sacombank (STB) was the biggest gainer with an increase of 6.97 per cent to VNĐ21.500. FLC Faros Construction Joint Stock Company (ROS) continued its rally, rising 6.71 per cent to VNĐ3,500. The stock almost hit the intra-day limit growth of 7 per cent yesterday. … [Read more...] about Shares advance, VN-Index back to 1,190 point level
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Market edges higher on the back of large-cap stocks
"Cash inflows increased with 14 out of 19 sectors climbing. The market breadth was in a positive status, while liquidity was not so different from the previous session. In our view, the VN-Index maybe still fluctuate around its historic peak next week," said BIDV Securities Co. … [Read more...] about Market edges higher on the back of large-cap stocks
Moon cake market competition heats up
Hanoi (VNS/VNA) - A crowded moon cake market has caused a drop in sales for many stalls ahead of Mid-Autumn Festival. The big day is on October 1 – the 15th day of the 8th month on the lunar calendar, but the moon cake market is still quiet. Popular moon cake brands like Kinh Do, Nhu Lan, Dong Khanh, Hanoi Confectionery and Thu Huong Bakery are traded on stalls in the most crowded areas in Hanoi and HCM City. Despite an increase in discounts and promotions, fewer people are shopping at moon cake stalls than last year. Nguyen Thi Huong, the owner of a moon cake stall on Pham Van Dong Street in HCM City’s Thu Duc District has struggled this year. “I have to use a 'buy 1 get 1' board to attract customers but some just stop to see the price list. Some still buy the products but they are much fewer than ever before," she said. Le Minh Tam, who runs a moon cake stall on An Duong Vuong Street, District 5, told Tin Tuc newspaper: … [Read more...] about Moon cake market competition heats up
RCEP to help farm produce expand presence in global markets
HCM City (VNA) - The recently-signed Regional Comprehensive Economic Partnership (RCEP) agreement will create opportunities for Vietnam’s agricultural products to extend their reach in the region and the world, experts have said. Le Duy Minh, President of the Vietnam Farms and Agricultural Enterprises Association, told a meeting in Ho Chi Minh City on January 15 that the agriculture sector has been integrating intensively and extensively into the world but also faces considerable difficulties and challenges, including the impact of the COVID-19 pandemic, climate change, trade disputes between major economies, and an increase in technical barriers in many countries. Vietnam signed a number of important economic deals in 2020, heralding a new era of economic integration with opportunities to expand export markets and attract more domestic and foreign investment. Among the deals, the RCEP, which gathers together 10 ASEAN countries and five partners (the Republic of Korea, China, … [Read more...] about RCEP to help farm produce expand presence in global markets
Pork market for Tet holidays: plentiful supply, unstable prices
Many pig-farming households in Chau Thanh District in Tien Giang Province said that at present, the price of live pigs bought by traders is not high, so some households will keep their pigs till near the Lunar New Year to sell. According to Nguyen Van Cuong, a local pig-farming household, the price of porkers weighed at the barn was VND8 million per quintal, while traders sold porkers at about VND8.5 million per quintal. This price level is still profitable for pig farmers. However, compared to the previous year, this price is about VND500,000 per quintal lower. Therefore, his family still holds their pigs to wait until the price is high, then they will sell. In Dong Thap, Mr. Bach Tuan Kiet, Head of the Department of Disease Control under the Department of Livestock Production, Veterinary, and Fisheries of Dong Thap Province, said that the total pig herd in the province was more than 71,000 pigs in October last year. The provincial authorities have actively implemented detoxification … [Read more...] about Pork market for Tet holidays: plentiful supply, unstable prices