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Nguyen Tri Hieu, an economist - PHOTO: NGOC TRAN By the end of last week (January 15, 2021), the stock market in Vietnam was still in growth territory with the benchmark VN-Index ending at 1,194.2 points and the HNX-Index at 225.27. The Saigon Times spoke with economist Nguyen Tri Hieu to get his insight into what is in store for the stock exchanges in Vietnam. Excerpts: … [Read more...] about Economist: VN-Index does not reflect the economy

Bangkok (VNA) – Thailand’s rice exports are expected to recover slightly from an estimated 5.8 million tonnes in 2020, which was the lowest in 20 years due to weak global purchasing power caused by the COVID-19 pandemic, a container shortage and the strong baht. Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association (TREA), said he believes that rice exports will reach 6.5 million tonnes at best this year, up from an anticipated 5.8 million tonnes worth 110-120 billion baht (3.65-3.98 billion USD) in 2020. Rice exports remain gloomy this year, as consumers worldwide are likely to opt to save their money and buy rice at cheaper prices, he stated. He took Malaysia as an example as the country has now started buying more rice from India with cheaper prices, instead of Thailand and Vietnam. According to him, the container shortage is another obstacle for rice export prospects, citing the Thai National Shippers’ Council’s expectation that … [Read more...] about Thailand’s rice exports remain gloomy this year

According to analysts, after gaining continuously for the past 30 days, during which the VN-Index rose by 124.48 points, a large-scale correction is not a surprise, but the severity of the freefall this session was a result of the large number of inexperienced investors participating in the market, and those using margin trading. … [Read more...] about Panic selling sends VN-Index to biggest losing session in six months

Ly Dai Hung from the institute’s Macro-economy and Economic Institution Division said that the world situation is showing positive signs, as COVID-19 vaccines have begun to be introduced in countries such as India, Indonesia, and Switzerland and will be expanded to others throughout the year. The world economy will warm up along with the implementation of various economic support packages, thus promoting Vietnam’s trade and investment activities, he said. Delegates from research institutes discussed measures at the conference to boost post-pandemic economic growth based on innovation and digital transformation. They stressed the importance of renewing policies and institutions to encourage the engagement of the private sector in the process. It is also necessary to quickly carry out a digital transformation strategy in line with new economic stimulus packages, they added./. … [Read more...] about GDP growth to reach 5.49 pct. in normal scenario in 2021: Economics Institute

Stage performance needs to adapt to modern entertainment tastes and now it has found its way. “The Magic Stick” will be touring Vietnam in 2021 before giving up its stage for other plays from the “Huyen Su Viet” project, which take inspiration from the other three immortals: Princess Lieu Hanh - the leading Mother Goddess in Vietnam, Son Tinh - the mountain god who fights the water god, honoring humans combating natural disasters, and Saint Giong – a symbol of the Vietnamese people’s patriotic spirit. VOV … [Read more...] about “The Magic Stick” – first-ever combination of circus and traditional music