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The index closed 2.1 points up after gaining 4.01 points Monday. Trading on the Ho Chi Minh Stock Exchange rose marginally to VND15.97 trillion ($682.8 million), marking the ninth straight session above the VND15-trillion threshold. The VN-30 basket, comprising the 30 largest capped stocks, saw 16 tickers gain. HPG of steelmaker Hoa Phat rose 2.1% to a two-month high. NVL of property developer Novaland gained 1.8% to the highest since April 14. It have risen 13% in nine recent sessions. Other gainers were VIC of Vietnam's biggest conglomerate Vingroup, up 1.1% and VJC of budget carrier Vietjet, up 1%. Thirteen tickers fell, led by VCB of Vietcombank with a 1.5% loss. It was followed by VHM of property developer Vinhomes, down 1%, and PLX of fuel distributor Petrolimex, down 0.8%. Foreign investors net sold for the third straight session to the tune of VND70.27 billion. They mainly sold HPG, VNM of diary giant Vinamilk, and VHM. The HNX-Index at the Hanoi Stock … [Read more...] about VN-Index nears two-month high

Travel businesses will concentrate on niche markets rather than traditional markets such as South Korea or Japan. Vietnam’s travel businesses should turn to less explored markets such as Mongolia, India, the Middle East and South America to restore and develop inbound tourism in Vietnam. Local travel businesses attend the event. Photo: baocongthuong This is one of the suggestions given by Nguyen Anh Tuan, Director of the Institute for Tourism Development Research at the 2022 National Travel Forum with the theme “Solutions to restore and develop inbound tourism in Vietnam” on August 8 in Ho Chi Minh City. Tuan pointed out some international tourism trends in Vietnam in the new context, in which travel businesses need to pay more attention to the niche markets. Being of the same mind, Nguyen Thien Phuc, Director of Product Research & Development at Vidotour Indochina Travel, said in the context that traditional markets have not recovered, especially the … [Read more...] about Vietnamese tourism looks at niche markets

The Ministry of Health urges to speed up Covid-19 vaccination for children for safe school opening (Photo: SGGP) The appearance of sub-variants BA.4 and BA.5 of Omicron has increased the number of Covid-19 cases. Meanwhile, although vaccination is an effective and sustainable measure to prevent epidemics, Covid-19 vaccination coverage with third and fourth doses and for children is low. Professor Dang Duc Anh, Director of the Central Institute of Hygiene and Epidemiology, said that under the direction of the Government, the Ministry of Health and related agencies, the Covid-19 vaccine vaccination is being widely deployed throughout the country. Currently, the vaccination coverage rates with third and fourth doses for people aged 18 years and older and for children are higher than months before. However, local administrations should speed up the inoculation coverage rate for booster shots, especially for children, which need to be completed in August and the third quarter of … [Read more...] about Ministry urges to speed up vaccination for children for safe school opening

According to Hanoi-based VNDIRECT Securities JSC, the following five sectors deserve investors’ attention in the second half of this year. As Vietnam reopened the tourism industry in mid-March, the demand for food, accommodation, travel, and entertainment has rebounded. The stock firm views businesses operating in aviation, food and accommodation provision, and travel and entertainment services like ACV or AST with upbeat prospects. High export growth pins investors’ expectations on export-oriented sectors Second is the group of businesses beneficial amid a higher interest rate environment, including banks, insurance firms and those keeping huge available cash volumes like FPT, GAS, MBB, VPB, and TCB, among others. The third is the group of milk and food makers like VNM or MCH which can expect high growth prospects when the price of their relevant input materials such as full-cream milk powder, corn, and sugar is expected to be abated. Fourth is the group of … [Read more...] about Weighing ticker appeal for remainder of 2022

Illustrative image (Photo: VNA) Hanoi (VNA) - Vietnam will need a skilled workforce to transform itself into an upper-middle-income economy by 2035, the World Bank has suggested in its recently-released report named “Taking Stock: Educate to Grow”. In its bi-annual report, the lender said: “Vietnam needs a workforce with 21st century skills to grow. As the economy moves from being driven by low skill and low wage jobs in manufacturing and services towards a more innovation driven growth model built on higher value-added industries and services, Vietnam ’s workforce will need to attain higher level and more relevant skills.” The Vietnamese Government’s Socio-economic Development Strategy for 2021-2030 says as much, aiming to use scientific, technological, innovative, and digitally transformative knowledge and build quality human resources as key drivers of higher productivity and future economic growth. To achieve these goals, Vietnam needs to reform its education system … [Read more...] about Vietnam needs skilled workforce to become upper-middle-income economy by 2035: WB