The market is flooded in red in the trading session on June 30. (Photo: SGGP) Market liquidity was relatively low in the last trading session of June, especially in the morning session, with the total trading value on the HoSE at just over VND4 trillion. Today’s trading session is recorded as one of the trading sessions with the lowest liquidity since the beginning of the year. Due to low liquidity, the market was constantly caught in a tug-of-war. Buyers and sellers were still indecisive, so trading was tediously in the market. However, some large-cap stocks, such as VNM, HPG, ACB, and TCB, managed to stay green, so the VN-Index only decreased by nearly 2 points at the end of the morning session. However, in the afternoon session, especially at the end of the session, the selling pressure suddenly increased sharply, causing most stock groups, such as banking, securities, steel, real estate, and oil and gas, to fall freely. The whole market was covered in red. Securities … [Read more...] about Investors unexpectedly flee, VN-Index wraps Q2 below 1,200 points
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Haiphong promotes renewable energy investment in industrial parks
The Renewable Energy in Sustainable Industrial Parks conference was organised by the Haiphong Economic Zone Management Board in collaboration with the Embassy of the UK, the nation's Chamber of Commerce and Industry, and Star Do Group. Head of the Haiphong Economic Zone Management Board Le Trung Kien asserted the green development demand of Haiphong city and its industrial parks and economic zones. Photo: Thanh Son Attendees at the conference were Harry Rawicz-Szczerbo, head of the Trade and Investment Department at the UK Embassy; Le Trung Kien, member of the city Party Committee's Standing Board and head of the Haiphong Economic Zone Authority; Mark Shorrock, chairman of Shire Oak International; Nguyen Thanh Phuong, CEO of Sao Do Group; and representatives of Haiphong's departments and agencies, investors, and businesses. Mark Shorrock, chairman of Shire Oak International, talked about the renewable energy demand of businesses in the RE100 group. Photo: Thu … [Read more...] about Haiphong promotes renewable energy investment in industrial parks
Hundreds of businesses to receive support from USAID IPSC Project
On June 30, the project started to revise and select eligible and qualified businesses to receive support packages for the second intake of 2022, running from April 1 to June 30. The USAID IPSC, with a total budget of $36 million, is currently Vietnam's largest private-sector technical assistance project funded by the United States Agency for International Development (USAID). The project aims to support businesses to overcome the pandemic, improve their capacity in governance, technology, financial access, innovation, and market access, and promote a favourable business investment environment. USAID IPSC targets to support 5,000 small and growing businesses. USAID IPSC officially launched and opened registration on January 18. The applicants go through selection processes (the first in April, the second in July, and the third in November), to receive support packages. In 2022, USAID IPSC offers six different support packages for businesses based on overall project … [Read more...] about Hundreds of businesses to receive support from USAID IPSC Project