Vietnam aviation market

The central bank’s flexible management of monetary policy and the return of capital into markets around the world would have positive impacts on Vietnam’s market. Foreign investors sway back to the local stock market amid Vietnam’s bright economic outlook in the long term, according to a report from the SSI Securities Corporation. An investor at a securities company in Hanoi. File photo In July, Vietnam’s stock market witnessed a net outflow of VND347 billion (US$14.8 million) following a net inflow of VND8.37 trillion ($358 million) during the first six months of the year. Active funds also pulled a net amount of VND163 billion ($7 million) in July after two months of buying in. Among the lot, VFM VNDiamond withdrew VND522 billion ($22.3 million) in July after buying in a net amount of VND5.6 trillion ($239.4 million) in the first half, VanEck with VND300 billion ($12.8 million), and VFM VN30 with VND120 billion ($5.13 million). On the contrary, Fubon … [Read more...] about Vietnam’s positive outlook lures foreign investors back to stock market

Representative from PetroVietnam Camau Fertilizer JSC receives insignia as one of top 50 listed firms in Vietnam in 2022. Hanoi (VNA) – Four member companies of the Vietnam Oil and Gas Group (PetroVietnam) have been named in the list of the top 50 listed firms in Vietnam in 2022 compiled by Forbes Vietnam . They are Petrovietnam Gas Corporation (PV Gas), PetroVietnam General Service Joint Stock Corporation (Petrosetco), PetroVietnam Fertilizer and Chemicals Joint Stock Corporation (PVFCCo), and PetroVietnam  Camau Fertilizer JSC. PV Gas is at the ninth place in the list this year. This is the 10th consecutive year that the company has been honoured in the list. The company posted record revenue and profit in the first six months this year, with net turnover at 54.342 trillion VND (2.32 billion USD at current exchange rate), up 35% year on year and after-tax profit at 8.637 trillion VND, up 98% year on year. In the period, PV Gas produced and supplied more than 1 billion … [Read more...] about Four subsidiaries of PetroVietnam named in Forbes Vietnam’s list of top 50 listed firms

In long term, transforming the higher education system will be key to boosting Vietnam’s productivity and helping achieve its goal of becoming a high-income country by 2045. Vietnam’s GDP growth is forecast to surge from an estimated 2.6% in 2021 to 7.5% in 2022, with backing from resilient manufacturing and a robust rebound in services. Overview of the event. Photo: Nguyen Tung Country Director for the World Bank in Vietnam Carolyn Turk revealed the figures at the launch of its bi-annual economic outlook for Vietnam titled “Taking Stock: Educate to Grow” today [August 8]. According to Turk, the global economy has been experiencing a series of very large and negative shocks, including ongoing Covid-19-related disruptions and supply shocks associated with the Russia-Ukraine conflict. In this context, Vietnam’s economy has shown “relative resilience and staged a strong rebound after last year’s Covid-19 induced slowdown,” Turk said. Vietnam’s economic … [Read more...] about Vietnam’s GDP growth set to expand by 7.5% in 2022: World Bank

At the press conference to release the report. (Photo: WB Vietnam) According to the latest economic update by World Bank (WB) for Vietnam, the country’s economy expanded 5.2 percent in Q4 of 2021, and respectively 5.1 percent and 7.7 percent in Q1 and Q2 of 2022. Inflation is projected to average 3.8 percent over the year. Carolyn Turk, WB Country Director for Vietnam, said that the bi-annual report “lays out a set of policy recommendations that could help mitigate the impact of these risks and make the economy more resilient going forward.” Titled “Taking Stock: Educate to Grow”, this edition underlines transforming the higher education system as the key to boosting the country’s productivity and achieving its development goals, in the context where the country re-emerges from the pandemic and into a challenging global environment. The report’s co-author Dorsati Madani said that while Vietnam’s economic recovery had been relatively stable, not all sectors witnessed the same … [Read more...] about Vietnam’s economic growth forecast at 7.5 percent in 2022: World Bank

The installation of a 380m-long metal security fencing around a UNISFA military observation station in Abu Qussas is performed by 17 officers. (Photo: Engineering Unit Rotation 1 ) Hanoi (VNA) – Vietnam’s Engineering Unit Rotation 1 at the UN Interim Security Force for Abyei (UNISFA) has completed installing a 380m-long metal security fencing around a UNISFA military observation station in Abu Qussa on the border between South Sudan and Sudan. The fencing, made from 127 Y-shaped and 126 I-shaped columns, lies about 500km away from the unit’s position. The observation station was placed here to monitor how concerned parties observe peace agreements along the border. As the Vietnamese unit boasted an efficient approach and close coordination with others of the mission and worked on weekends, the installation had been finished after 14 days, six days ahead the initial plan. The fencing is made from 127 Y-shaped and 126 I-shaped columns. (Photo: Engineering Unit … [Read more...] about Vietnam’s peacekeepers install security fencing in Abu Qussa

Emart Go Vap in HCM City. THACO wants to turn Emart into a leading supermarket chain in Viet Nam. — Photo courtesy of THACO Emart Vietnam plans to open two hypermarkets in HCM City this year, one in Thu Duc City’s Thu Thiem area in October and the other in Go Vap District in December. Chun Byung Ki, general director of THISO Retail, revealed this information at the 2022 Emart Partners Day in HCM City on August 5, which was attended by more than 500 suppliers, saying the chain aims to have 20 stores across the country and revenues of US$1 billion by 2026 to become the hypermarket chain with a largest market share. Emart Sala Thu Thiem will spread over an area of ​​more than 6,000sq.m inside THISO Mall in Thu Duc City. With its outstanding facilities, Emart Sala Thu Thiem will seek to provide modern and differentiated shopping experiences to customers living in high-end residential areas and their neighbourhoods. Emart Phan Huy Ich in Go Vap District will be located at the … [Read more...] about THACO determined to turn Emart into leading supermarket chain in Viet Nam

A Petrolimex petrol station (Photo: VNA) Hanoi (VNA) – The Vietnam National Petroleum Group (Petrolimex) is adopting a range of solutions in order to complete production and business targets of the third quarter and the entire year of 2022 in the context of unforeseeable fluctuations in petrol prices. One of the solutions is to modernise inventory management while engaging in negotiations with major petrol distributors to ensure supply to meet social demand for petrol. At the same time, the group has taken steps to cut costs in all production and business activities through several projects on centralized fleet management, asset management and customer relationship management. Petrolimex has also worked to increase non-cash payment in retail sales and researched the possibility of building truck stops to provide better services for customers. Under its own plan on digital transformation, the immediate focus is to automate the network of petrol warehouse and retail outlets, … [Read more...] about Petrolimex applies solutions to cope with big fluctuations in petrol prices

The HCMC office worker first heard of the NFT-based game last summer, and, after a few weeks of research, decided to invest US$1,000 into three non-fungible tokens linked to in-game characters called "axies." Axies and "smooth love potion" (SLP), the game’s reward for winning battles using axies, are its two selling points since they can be exchanged into money. Axies can also be "bred" with SLP and another token called AXS to produce new NFTs. Price of Axies, SLP and AXS suddenly surged last year, tracking the boom in the popularity of the game as players from developing countries found it a prominent source of income amid the Covid-19 pandemic. Kha then quit his job and invested all his savings in the game, but prices have fallen since the end of 2021 without any signs of recovery. In March its Ronin network was hacked, and some $625 million worth of Ethereum and USDC cryptocurrencies was stolen. An AXS token now is worth $18, a 10th of its peak price last year. Kha … [Read more...] about As profits disappear from NFT game Axie Infinity, so too do players

The Civil Aviation Authority of Vietnam (CAAV) have proposed quickening the pace of construction of Tho Xuan Airport Terminal 2 in the northern central province of Thanh Hoa. The Thanh Hoa provincial project would cost some VND2.12 trillion to expand Tho Xuan Airport in the 2022-2025 period, including Terminal 2’s construction. Once completed, Terminal 2 could serve five million passengers a year. Tho Xuan Airport The airport’s Terminal 1 is expected to surpass its design capacity of 1.2 million passengers per year by the end of this year. The expansion plans are also part of the national airport development planning for 2021-2030 submitted by the Ministry of Transport to the government. However, the planning has not yet been approved. According to the CAAV, the Ministry of Transport could allow Terminal 2’s investment procedures to go ahead so the project can swiftly proceed once planning is approved. Tho Xuan Airport has been used for civil aviation … [Read more...] about Tho Xuan Airport terminal construction to be fast-tracked

At the conference In November 2020, leaders of the People’s Committees of seven localities signed an agreement on tourism development cooperation. The program will focus on state management of the tourism industry, the development of tourism human resources and tourist products, and tourism promotion. According to a report, seven cities and provinces received a total number of visitors of 17.7 million and earned VND63, 000 billion (US$2.7 billion) in tourism revenue in 2021. In the first six months of this year, the business outcome of tourism activities saw positive signs thanks to tourism reopening policies. The total number of tourists was estimated at around 32.9 million, including one million international visitors while the revenue from tourism was VND87, 900 (US$3.76 billion). Standing Vice Chairman of the People’s Committee of Quang Ngai Province, Tran Hoang Tuan speaks at the event. Speaking at the event, Standing Vice Chairman of the People’s Committee of … [Read more...] about North-Central-South tourism connectivity enhanced