Stock exchange

A worker at a steel mill of Hoa Phat Group (HPG). HPG lost 1.7 per cent on Friday. VNA/VNS Photo The market declined slightly on Friday, dragged down by the banking and steel industries pressured by strong selling force. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index edged down 0.35 per cent to close at 1,269.18 points. The index closed Thursday at 1,273.66 points, down 0.13 per cent compared to the previous session. Market breadth was negative with 338 decliners and 124 gainers. Liquidity increased compared to Thursday with 607.6 million shares traded on the southern exchange, worth VND14.9 trillion (US$636.6 million). The VN30-Index echoed the VN-Index pattern. It lost 0.38 per cent to reach 1,294.93 points. In the basket, six stocks climbed, two stayed flat and 22 slid. Banking was leading the market's fall with most of the stocks in the basket declining, including Vietinbank (CTG), Asia Commercial Bank (ACB), Vibank (VIB) and Tien Phong Bank (TPB), all … [Read more...] about Shares decline slightly on the slump of banking, steel stocks

Thac Ba hydroelectric power plant in Yen Binh District, Yen Bai Province. — Photo genco3.com Thac Ba Hydropower JSC (HoSE: TBC) has closed the list to pay a cash dividend for the second period in 2021. The company said that August 30 is the deadline for the list of shareholders receiving the second dividend of 2021 in cash at the rate of 15 per cent, meaning that a shareholder owning one share will get VND1,500. With the number of outstanding shares of 63.5 million units, Thac Ba is expected to pay more than VND95 billion to shareholders, the expected payment date is September 23. Previously, the company paid the first dividend in cash at the rate of 10 per cent. With this payment, it completes the cash dividend to shareholders in 2021, with a total rate of 25 per cent. Therefore, the company has maintained the highest dividend payment since listing on the stock exchange. The company also paid a 25 per cent cash dividend for 2020 and 2017. Thac Ba Hydropower is the … [Read more...] about Thac Ba Hydropower continues to pay highest dividend

President Nguyen Xuan Phuc (right) receives former Special Ambassador for Vietnam-Japan Sugi Ryotaro in Hanoi. (Photo: SGGP) The State leader thanked the former Special Ambassador for Vietnam-Japan for his active contribution to the relations between the two countries over the past 30 years, particularly through the organization of major cultural exchanges. The former special ambassador expressed his wish to work to promote Vietnam-Japan cooperation in health care in his role as senior advisor to Japan’s Ministry of Health, Labor and Welfare. He also hoped to work with Vietnam in crime prevention and control in his position as a special advisor to the Ministry of Justice in this field. At the event. (Photo: SGGP) President Phuc appreciated the suggestion of the former special ambassador. He asked Vietnamese ministries and sectors to coordinate with the Japanese embassy in planning practical cooperative activities matching the Vietnam-Japan extensive strategic … [Read more...] about President hosts former Special Ambassador for Vietnam-Japan

The People's Court of Binh Thuan Province gives sentences to nine accused related to the largest petroleum smuggling case in Binh Thuan Province. (Photo: SGGP) After five days of trial, the People's Court of Binh Thuan Province, on the afternoon of August 19, gave sentences to nine accused related to the largest petroleum smuggling case in Binh Thuan Province, with a total value of more than VND2.03 trillion from Singapore to Vietnam. Of these, the accused Luyen Xuan Trang, 49, a resident in Hung Yen Province, considered the leader of the largest petroleum smuggling ring in Binh Thuan Province, worth more than VND2.03 trillion, was given a 14-year jail sentence for smuggling. Eight other people were sentenced for consuming property acquired through the commission of the crime by other persons, including Trinh Dinh Thanh with five years in prison, and Tran Van Son with two years in prison. The accused Nguyen Thanh Trang, Le Hong Son, and Do Minh Thu received three years of … [Read more...] about Leader of petroleum smuggling ring receives 14-year jail sentence

Deputy Minister of Industry and Trade Do Thang Hai speaks at the event. (Photo: VNA) Ninh Thuan (VNA) – Industry and trade officials of 15 provinces and centrally-run cities in the central and Central Highlands region met in Phan Rang-Thap Chap city in Ninh Thuan province on August 19 to discuss measures to enhance cooperation to complete their tasks in the rest of the year. Participants highlighted a number of difficulties they are facing, and made a number of requests to the Ministry of Industry and Trade, including those related to industrial clusters, supporting industries, industrial explosives, industrial promotion, minerals, chemical environment, food safety, trade, and energy. Addressing the event, Deputy Minister of Industry and Trade Do Thang Hai affirmed that the ministry will give maximum support to localities in dealing with their difficulties. He asked the localities to promptly roll out measures to facilitate industry and trade production. He advised … [Read more...] about Central, Central Highlands localities strengthen industry-trade cooperation

According to Thieu, Lang Son is focusing on building infrastructure at its border gate economic zone towards turning the province into a center of imports and exports, trade, services, and tourism activities, and an important gateway for goods exchange between ASEAN member countries and China. He said the province has focused on developing service industries associated with border-gate economic development, such as commercial services, logistics, processing of exports, and financial and banking services, while developing a synchronous transport infrastructure system to ensure convenient connections between Lang Son and other provinces in the region, and investing in building urban infrastructure and industrial zones and clusters. Thieu hoped that Ambassador Baravikou would help call for Belarusian businesses to invest in areas such as infrastructure construction, logistics and tourism in Lang Son, expressing his belief that cooperation between Belarus and Vietnam in general, and … [Read more...] about Lang Son eyes to beef up cooperation with Belarus

The State leader thanked the former Special Ambassador for Vietnam-Japan for his active contribution to the relations between the two countries over the past 30 years, particularly through the organization of major cultural exchanges. The former special ambassador expressed his wish to work to promote Vietnam-Japan cooperation in health care in his role as senior advisor to Japan’s Ministry of Health, Labor and Welfare. He also hoped to work with Vietnam in crime prevention and control in his position as a special advisor to the Ministry of Justice in this field. President Phuc appreciated the suggestion of the former special ambassador. He asked Vietnamese ministries and sectors to coordinate with the Japanese embassy in planning practical cooperative activities matching the Vietnam-Japan extensive strategic partnership. The president said he hopes the former special ambassador, with his rich experience, warm sentiment and precious understanding about Vietnam, will continue to … [Read more...] about President receives former Special Ambassador for Vietnam-Japan

Associate Professor, Doctor Dao Xuan Co, Director of Bach Mai Hospital, said one of the reasons for this is the COVID-19 pandemic, affecting the drug supply of enterprises. Many businesses do not have drugs and medical supplies to participate in the bidding or witness poor revenue due to low prices, he reported to the Ministry of Health's inspection team on August 16. In 2022, there were 77 out of 1,690 drugs that contractors failed to supply in sufficient quantities under the orders, affecting the hospital's stock of drugs while waiting for the bidding results, Co said. The hospital also recommended the Government and the Ministry of Health issue policies and accelerate the implementation of national and local centralized bidding. Centralized bidding will increase competitiveness with lower prices, reduce manpower, time and costs of organizing the bidding at hospitals as well as better handle problems in the bidding process. On August 16, the inspection team of the Ministry … [Read more...] about Centralized bidding should be implemented to solve drugs and medical supplies shortage

A delegation of Danish firms in agriculture and food sector is paying a visit to Hanoi & Ho Chi Minh City from August 16-19 to exchange opportunities for cooperation with their Vietnamese potential partners. The delegation comprises 13 companies who are leading in Solutions for Livestock & Food Production, Food Processing Technologies, Ingredients and Climate Control Solutions. The main purpose of the delegation is to share experiences and introduce world leading and well-proven Danish solutions in agri-food production and to look for opportunities to cooperate with Vietnamese agri-food companies. Speaking at a seminar themed 'Danish experiences and solutions in sustainable agri-food production' held on August 19 in Hanoi, Trade Counsellor of the Embassy of Denmark, Troels Jakobsen, said that Danish agri-food industry for many years had continuously invested in new production equipment and solutions that boost production yield and improve product quality but at the same … [Read more...] about Denmark and Vietnam strengthen co-operation in the agri-food sector

Permanent Vice Chairman of the National Assembly Tran Thanh Man receives Secretary General of the National Assembly of Laos Pingkham Lasasimma. (Photo: VNA) Quang Binh (VNA) – Permanent Vice Chairman of the National Assembly Tran Thanh Man hosted a reception for Secretary General of the National Assembly of Laos Pingkham Lasasimma in the central province of Quang Binh on August 19. Pingkham Lasasimma is in Vietnam to attend a workshop and exchange programme between the Vietnamese NA Office and the Lao NA Secretariat. Man, who is also President of the Vietnam-Laos Friendship Parliamentarians Group, said the workshop and exchange programme, the 11th of its kind, is of significance as it takes place at a time when Vietnam and Laos are focusing on the exchange of experience in law-making and supervision to boost post-COVID-19 socio-economic recovery. It also helps to enhance cooperation between the NA offices of the two countries, he added. He suggested the … [Read more...] about Lao NA Secretary General welcomed in Vietnam