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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

At the conference (Photo: VNA) Hanoi (VNA) – The second “Vietnam Conference on Earth and Environmental Sciences” ( VCEES-2022 ) officially opened on August 8 at the International Centre for Interdisciplinary Science and Education ( ICISE ) in Quy Nhon city in the south-central coastal province of Binh Dinh. The Ministry of Science and Technology, ‘Rencontres du Vietnam’ Scientific Association, Vingroup Innovation Foundation (VinIF) and Hanoi University of Science & Technology have supported the organisation of the four-day event. This year’s conference sees the participation of 20 delegates from foreign countries such as France, Japan, Thailand, the Philippines, Indonesia and Malaysia. The participating scientists and students will look into nearly 100 reports on environment pollution, water treatment, hydro-meteorology and oceanography, aquatic science, remote sensing, plastic pollution, waste management, applied environment, along with regional climate … [Read more...] about Vietnam Conference on Earth and Environmental Sciences held in Binh Dinh

The Ho Chi Minh City Department of Transport has proposed that long-haul buses be banned from the inner city in a bid to alleviate traffic jams and eliminate makeshift bus stops. The transport department suggested a road map to ban long-haul buses with over 30 seats from entering the inner city. In the first phase from 2022 to 2025, sleeper buses will be prohibited from traveling into the inner city area inside the corridor from National Highway No. 1 (Thu Duc City, District 12, Binh Tan District, Binh Chanh District) - Nguyen Van Linh Street (Binh Chanh District, District 7) - Vo Chi Cong Street (Thu Duc City) - Dong Van Cong Street (Thu Duc City) - Mai Chi Tho Street (Thu Duc City) - Hanoi Highway (Thu Duc City). In the second phase from 2025 to 2030, long-haul buses with over 30 seats, except for city buses, funeral cars, official vehicles, and tourist buses, will not be allowed to enter the inner city from 6:00 am to 10:00 pm daily. The transport department believed that … [Read more...] about Ho Chi Minh City transport department proposes banning long-haul buses from inner city

For over a month now, relevant personnel at the Ministry of Transport is busy with the final preparations to soon hand over Khanh Hoa-Buon Ma Thuot Expressway to the people’s committees of Khanh Hoa and Dak Lak provinces. In light of Decision No.17/QD-TTg dated July 28, two out of three components under Khanh Hoa-Buon Ma Thuot Expressway will be assigned to two localities having the road passage for management. The 32km-long first component with an estimated investment value of $244.8 million will be assigned to Khanh Hoa's People’s Committee while the 48km-long third component valued at around $282 million will be assigned to Dak Lak's People’s Committee. The 37.5km second component with a value reaching $426.8 million will be managed by the Ministry of Transport (MoT) as the road section lies in both localities and features complex terrain. Building a comprehensive highway network is one of the government priorities With more than 117.8km of total length, … [Read more...] about Huge transport investment expected to vitalise central regions