PetroVietnam Gas Corporation's engineers at a facility. The company shares gained 0.7 per cent on Friday morning. — Photo vietnamfinance.vn Vietnamese shares advanced on Friday morning as positive moves of global crude helped boost the local petroleum sector. The benchmark VN-Index on the Ho Chi Minh Stock Exchange was up 0.29 per cent to close at 971.02 points. The southern market index had gained a total of 0.82 per cent in the previous two days. The minor HNX-Index on the Ha Noi Stock Exchange rose 0.44 per cent to end the morning session at 103.17 points. The northern market index has increased by total 1.10 per cent since Wednesday. More than 150.7 million shares were traded on the two bourses, worth VND2.57 trillion (US$111.3 million). The stock market received a strong boost from the energy and petroleum sector thanks to the gains of oil prices. Brent crude and WTI edged up 0.52-0.65 per cent during the day to trade at $59.47-64.62 a barrel. Petroleum stocks such as … [Read more...] about Oil prices up, VN stocks keep progressing
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Vietnamese of all ages spend on average over 400,000 hours per day to watch game live streams, of which 61% of the viewing time recorded from mobile phones, VnEconomy reported, citing the game developer Appota’s recent report. Eye-catching screenings of games as well as entertaining online comments motivate Vietnamese people to spend millions of hours per month following and interacting with broadcasters on Google, Facebook and YouTube, HUYA Inc’s NimoTV among others. Among 51 million mobile internet users in Vietnam accessing to online social media, entertainment and game daily, up to 33 million people play mobile games and the number is predicted to rise to 44 million by 2020. Particularly, the average time that Vietnamese spend on playing games is longer than that of social media interacting, proving the irresistible attraction of this kind of digital content in daily entertainment. Besides, thanks to the readiness to try new apps and games on mobile phones, Vietnam is … [Read more...] about Vietnamese spend 400,000 hours daily on game live stream watching
The revenue generated from inbound tourism has not been commensurate to the tourism potential. At a symposium of the second Vietnam Travel and Tourism Summit 2019 held in Hanoi on Monday, many experts and business executives in the field listed some reasons why foreign tourists are not opening their wallets in Vietnam. According to Deputy Director of the Vietnam National Administration of Tourism Ngo Hoai Chung, the sector has witnessed a rapid growth in the number of international holidaymakers, however, they spend less in Vietnam compared to other Southeast Asian countries due to the shortage of tourism products and services. Tourism services are not diversified and attractive enough to meet the demand for entertainment, shopping and experience of international visitors. Other issues relating to the environment, human resources, application of information technology and infrastructure at tourist sites were also mentioned as the reasons preventing the tourism industry from generating … [Read more...] about Why foreign tourists hesitate to spend big in Vietnam?
Vishal Shah, Head of Business Banking Division at the Vietnam Technological and Commercial Joint-stock Bank (Techcombank), shared in an interview about how the bank implemented credit support programs for enterprises in the past years. Mr. Vishal Shah Q: Doing Business 2020 report published by WB has evaluated Vietnam's credit access index and the ranking of Vietnam has increased by 7 levels. What do you think about this ranking in Doing Business 2020 report? This is a remarkable achievement for Vietnam. It also demonstrates that the Vietnamese banking industry has well supported the implementation of Government's resolutions on improving the business environment and creating favorable conditions for individuals and enterprises to access credit in a fair and transparent manner. This result also shows the determination of the country in forming a stable macroeconomic environment to attract both domestic and foreign investors. Q: Mr. Vishal, in order to contribute to the growth … [Read more...] about Bank to enhance digital technology platforms for better customer support
Technology Over 90% of Vietnamese internet users get online daily: We Are Social By Van Ly Friday, Dec 13, 2019,10:58 (GMT+7) Over 90% of Vietnamese internet users get online daily: We Are SocialBy Van Ly A man browses the internet on a tablet. Some 94% of Vietnamese internet users get online every day – PHOTO: VAN LY HANOI – Vietnamese internet users spend an average of six hours and 42 minutes per day taking part in online activities, with 94% of them getting online every day and the remainder browsing the internet at least once per week, according to statistics from We Are Social and Hootsuite, indicating another success in the country’s digitalization efforts. These figures, which were announced at Internet Day 2019 held on December 11 in Hanoi, show that local internet users do not remain offline for more than a week. Addressing the event, Pham Hong Hai, deputy minister of Information and … [Read more...] about Over 90% of Vietnamese internet users get online daily: We Are Social