Shares edged lower during Thursday's trade as selling pressure persisted. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) declined by 0.03 per cent to 1,376.48 points. The market's breadth remained negative with 268 stocks decreasing, while 108 stocks rose. The liquidity was lower than yesterday as 332.6 million shares were traded on HoSE, worth more than VND9.8 trillion (US$425.8 million). The market was still weighed by profit-taking activities, however gains in some large-cap stock helped cap the losses. The VN30-Index fell by 0.13 per cent to 1,487.58 points. Of the VN30 basket, 20 stocks slid, while only eight stocks climbed and two stocks stayed unchanged. Top five stocks influencing the market's trend were Vietcombank (VCB) down 1.28 per cent, Vinamilk (VNM), down 1.11 per cent, Investment And Industrial Development Corporation (BCM) down 2.01 per cent, Vinhomes JSC (VHM) down 0.27 per cent, and Masan Group (MSN) down 0.56 per cent. The losses were capped by … [Read more...] about Market continues to fall slightly
Vinamilk
Vietnamese buyers cross the ocean for M&A transactions
According to the Ministry of Planning and Investment, in the first four months of 2021, Vietnamese companies have shown their interest in outward investment in 10 sectors. A recent significant jump in Vietnam’s investment abroad, raising direct funds, and mergers and acquisitions are slated to help local companies quench the thirst for high-quality capital, improving their international status, and expanding their customer bases. Vietnam’s overseas companies have been gaining momentum in moving international capital, investing across a broad spectrum of sectors ranging from natural resources and manufacturing to telecommunications and many others. Fresh data from the Ministry of Planning and Investment (MPI) reveals that in the first four months of 2021, Vietnam’s total newly- and additionally-granted overseas investment capital reached $545.9 million, up nearly eight-fold on-year. Some 18 projects were granted new investment registration certificates, with the total … [Read more...] about Vietnamese buyers cross the ocean for M&A transactions