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Stock Market Vietnam stocks tumble The Saigon Times Daily Thursday,  Dec 5, 2019,20:00 (GMT+7) Vietnam stocks tumbleThe Saigon Times Daily A securities employee monitors share prices. The local stock market fell today, December 5, 2019 - PHOTO: THANH HOA HCMC – The local market lost steam today, December 5, with the VN-Index falling nearly 0.3% from the session earlier. The benchmark index reversed course after bouncing back in the previous session. That rattled investors as they turned clueless about the upcoming market movements. According to Bao Viet Securities Company, the market is expected to move in the range of 950 and 970 points before clearer clues of direction emerge. In addition, it is forecast to make headway in the second half of December, particularly after the restructuring of exchange-traded funds (ETFs). In a recovery scenario, it will likely retest the resistance range of 990-995 points in the … [Read more...] about Vietnam stocks tumble

Party General Secretary Nguyen Phu Trong, Prime Minister Nguyen Xuan Phuc, WEF Founder and Executive Chairman Klaus Schwab and heads of delegations to WEF ASEAN 2018 pose for group photos (Photo: Thong Nhat/VNA)   Hanoi (VNA) – Heads of state from across Southeast Asia on September 12 hailed the technological opportunities for the region in the Fourth Industrial Revolution (4IR). The leaders are attending the World Economic Forum on ASEAN (WEF on ASEAN), themed “ASEAN 4.0: Entrepreneurship and the Fourth Industry Revolution” that attracted the participation of over 1,000 delegates who are WEF members and representatives of businesses from around the world. “The opportunities brought about by the 4IR are indeed enormous,” Vietnamese Prime Minister Nguyen Xuan Phuc told the opening plenary of the ongoing event in Hanoi. “The start-up atmosphere is truly permeating throughout ASEAN,” he said.    Prime Minister Nguyen Xuan … [Read more...] about ASEAN leaders highlight opportunities in 4IR

Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019. (Photo: tinnhanhchungkhoan.vn) HCM City (VNA) – Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019, a year-on-year surge of 9 percent, despite unfavourable global financial and monetary market, according to Deputy Director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh. Minh said that Vietnamese expatriates remitted roughly 4.3 billion USD to the southern hub as of the end of November. The flow of money has played an important role in economic development as well as stability of foreign currency supply in the city, he stressed. Vietnam was expected to remain one of the top ten remittance recipients in 2019, according to the latest edition of the World Bank’s Migration and Development Brief. Around 16.7 billion USD in remittances was projected to flow into Vietnam for the full year, making the Southeast Asian country the … [Read more...] about Remittances to HCM City expected to pick up 9 percent

THE MARQ – TIMELESS ELEGANCETanmy celebrates 50th anniversaryDutch Lady: the story of the 20 golden minutes and Việt Nam’s safest fresh milkManutronics’ trillion worth of “handshake” in global automotive electronics industryWorld's Leading Cultural Tourist Attraction 2019   The end of 2018 saw significant events in the Vietnamese e-commerce market. Tiki surpassed Lazada to occupy the second position in the market in quarter IV/2018 and Vietnamese e-commerce companies are in the top 10 of Southeast Asia’s highest-traffic e-commerce sites. A fruitful year for e-commerce After a wide range of dynamic activities in 2018, Viet Nam’s e-commerce is in the world’s largest e-commerce markets with total revenues of US$2,269 million, increasing by 29.4 per cent year over year. The number of consumers shopping on e-commerce sites reached 49.8 million people, growing by 2.6 per cent. 72 per cent of e-commerce purchases were made on … [Read more...] about Viet Nam’s e-commerce ranking order suddenly changes in quarter IV/2018

Logistics is expected to be a game changer for the Vietnamese e-commerce market in 2018. — Photo vietnamnet.vnViet Nam News HCM CITY — The e-commerce market has taken off in Việt Nam thanks to booming internet usage and smartphone ownership, along with massive investments from key retail players, local media reported. Việt Nam is one of the world’s fastest growing e-commerce countries, according to Lại Việt Anh, deputy director of Việt Nam E-commerce and Information Technology Agency (Vecita) under the Ministry of Industry and Trade. “The country’s e-commerce is growing 35 per cent per year, 2.5 times faster than Japan,” Anh said. The number of Vietnamese businesses capable of taking advantage of the internet and technology has grown 2.1 times faster than those with less use of the internet. Small- and medium-sized enterprises (SMEs) that spend more than 30 per cent of their budget on technological … [Read more...] about E-commerce set for strong 2018