Trend

Analysts from securities firms struggled to figure out the market's trend this week after last week's turbulent sessions. Illustrative photo HÀ NỘI — With the market experiencing strong volatility last week, analysts from securities firms are having difficulties forecasting movements this week. While some expected that cash flows might stay in the market and gradually balance to prepare for the next rally, some analysts predict cash flows will weaken and the market might fall to lower levels to seek new demand. The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) finished last week at 1,168.69 points, up 0.01 per cent, after turbulent sessions. The index kept falling in the morning and bouncing back later in some early sessions of the week. For the week, the VN-Index rose 0.02 per cent. With the index nearly sideways in the last session, analysts from Việt Dragon Securities Corporation (VDS) said the market almost reached a balanced territory to prepare for … [Read more...] about Analysts send mixed notes on market trend this week

Juventus' Portuguese forward Cristiano Ronaldo (C) celebrates with Juventus' Swedish forward Dejan Kulusevski (L) and Juventus' Turkish defender Merih Demiral after scoring his second goal during the Italian Serie A football match Juventus vs Crotone on February 22, 2021 at the Juventus stadium in Turin.(Marco BERTORELLO / AFP) The latest figures compare to losses of 50.3 million euros in the first half of the club's 2019/20 financial year, which runs from July 1 to June 30. "The first half of the 2020/2021 financial year was heavily penalised by the spread of the Covid-19 pandemic and the consequent restrictive measures imposed by the authorities," Juventus said of a season played with matches behind closed doors. "The pandemic directly and significantly affected, above all, ticket sales and sales of products and licenses, with a consequent negative impact on operating income, net income and financial debt." The club had reported losses of 89.7 million euros for the year … [Read more...] about Juventus financial losses grow amid coronavirus pandemic

When his roommates turn the lights off to go to bed at 10 p.m., Hoang Minh is just starting his eight-hour shift at work. Sitting with a laptop on his bunk bed, the 21-year-old enters information about overseas orders his company has received into the system. "This job just needs hands and eyes," he says. Because of the Covid-19 outbreak, Minh was allowed to work from his room in Hanoi's Cau Giay District. But within two days the company required him to return to office since his output had been lower than normal. His salary has remained at VND6 million ($260) a month since he began working here since 2019. Hoang Minh doing his data entry work in his room in Hanoi's Cau Giay District. Photo courtesy of Minh. After dropping out of college, the young man from central Vietnam had been dreaming of working in the technology field, a job he perceived as "computer-related." But instead he ended up with a data entry job. After two months of working through the … [Read more...] about To quit or not: a Covid-19 dilemma for Vietnamese workers

Vietnam striving to promote sustainable marine aquaculture development Vietnam striving to promote sustainable marine aquaculture development hinh anh 1 A shrimp farming area in Phu Yen province Vietnam is to have 280,000 ha of marine aquaculture area and 10.5 million cubic metres of farming cages by 2025, according to the Ministry of Agriculture and Rural Development (MARD). Annual marine aquaculture output and export turnover are expected to reach 850,000 tonnes and between 800 million and 1 billion USD, the ministry said. The MARD has taken a series of measures to promote sustainable marine aquaculture in coastal areas nationwide, towards turning the sector into a key part of the country’s maritime economy by 2045. Deputy Minister of Agriculture and Rural Development Phung Duc Tien said agencies have coordinated with coastal localities to review and build a plan for aquaculture development in Vietnam to 2030 with a vision to 2045. The plan will focus on … [Read more...] about VIETNAM BUSINESS NEWS MARCH 7

Bold new approach for digital banking (source: freepik.com) By Vu Thanh Minh and Ha Thanh An Lawyers, LNT & Partners In addition to a number of notable changes relating to opening bank accounts, long-awaited reform via Circular 16 is the detailed regulation on opening individual payment accounts at credit institutions by electronic know-your-customer (eKYC). This is the first legal instrument that provides detailed guidance on its implementation. The system is used to verify customer’s identity against the declared information in compliance with applicable laws and regulations, with support from video call and AI technologies such as face-matching for photos on ID card, or optical character recognition to read and extract information, instantly comparing personal information with a centralised database of user identity. Thus, bank account opening and customer onboarding become much easier, as customers do not need to go to a branch to open a bank account. In the past, … [Read more...] about Bold new approach for digital banking