Stock market

Piles of Vietnamese banknotes. — Photo vietnamplus.vn Investor confidence has decreased significantly as a result of the stock market's fluctuations and some scandals involving corporate bonds that have occurred since the beginning of the year. According to Pham Ngoc Hung, head of Pham Hung Law Office, an important part of what causes investors to lose confidence in corporate bonds is that issuers publish false information, while there is a limited quality of collateral or no collateral. Many units operate as bond brokers without being licensed by the competent authority, while some enterprises do not have approved bond issuance plans according to regulations and do not have financial statements for the year preceding the year of issuance audited by an auditing organisation. Hung said that the bond market in general still has many healthy businesses. Bonds with collateral still have a high level of safety. Therefore, investors need to learn information from reliable and … [Read more...] about How to regain investors’ confidence in corporate bond market: experts

Green color covers the market on December 2. On the Ho Chi Minh Stock Exchange, the VN-Index gained 4.22 percent, to close Friday at 1,080.01 points. It had lost 1.16 percent, to close Thursday at 1,036.28 points. Liquidity declined compared to the previous session with more than 1 billion shares worth VND17.9 trillion (US$734.6 million) traded in the southern market. The market breadth was positive with gainers outnumbering losers by 361-92. Another 59 closed flat. In the near future, the market will need more time to absorb the supply and find a new equilibrium. It is expected that VN-Index will be actively supported when it returns to the range of 1,000 -1,020 points and recovers. Investors need to slow down and observe the cash flow's support signal, said Viet Dragon Securities Co. Blue chips led the market uptrend. All 30 out of the top 30 shares by market value and liquidity on the HoSE gained value. The VN-30 Index, tracking the 30 biggest stocks on HoSE, rose … [Read more...] about Shares soar on the rise of pillar stocks

Enterprises in the textile, garment and footwear industries are facing difficulties on a variety of fronts, including a reduction in export orders. (Photo: VNA) Hanoi (VNA) – Enterprises in the textile, garment and footwear industries are facing difficulties on a variety of fronts, including a reduction in export orders, and the plight is likely to continue until the first half of next year. Pham Van Viet, Chairman of Viet Thang Jean Co., Ltd., reported that orders at his firm have decreased since June. He said that orders are waning in key markets, adding they are down some 60% in Europe and 30-40% in the US market. Currently, Viet Thang is operating at only 80% of its designed capacity. Because customers cancel orders in light of high inventory, Viet Thang always has to closely follow market information. To maintain operations and ensure employees' income, the company is looking for orders in new markets. Orders are coming in from Canada and Australia, but they have not … [Read more...] about Decline in orders kicking in for footwear, garment, textile industries

Cat Lai Port. Viet Nam is becoming a destination for containers as the housing fees are among the cheapest in the world. — VNA/VNS Photo Tien Luc Container depots in Viet Nam are filling up as empty containers were flocking here for lower storage fees. Nguyen Duy Minh, general secretary of Viet Nam Association of Logistics Services Enterprises, said that the global shipping industry was facing a problem which is constrast to the shortage of containers at the height of the COVID-19 pandemic -- housing too many containers. Notably, Viet Nam was becoming a destination for containers as the housing fees were among the cheapest in the world, with containers even stored for free, Minh said. Tran Viet Manh, deputy director of Nam Dinh Vu Port Joint Stock Company, said consumption demand had slumped in China and Europe. China’s zero-COVID policy was also disrupting the supply chains, which together with the Russia – Ukraine conflict, seriously affected the global market. Normally … [Read more...] about Empty containers flock to Viet Nam as storage fees are low