By 10:40 a.m., the VN-Index had lost nearly 24 points to 1,168 points, something securities firms attributed to profit-taking pressure from investors. With the sudden rise in sell orders, the HoSE trading system froze, and indexes, liquidity, and number of stocks gained and lost stood still for nearly 20 minutes. … [Read more...] about VN-Index plummets over 74 points
Asian bond markets initiative
Draft amendments to e-commerce activities law discussed
In addition, the draft decree also eliminated the participation of the group of investors, which are foreign investment funds, which are one of the types of investors with abundant capital and experience to support local businesses to develop strategies, operations and human resources. … [Read more...] about Draft amendments to e-commerce activities law discussed
New supply of condominiums down sharply in Ha Noi: CBRE Vietnam
Viet Nam’s economy was heavily impacted by the COVID-19 pandemic. As a result, some tenants contracted their office space during the year. Even though the market performance improved in Q4, the total net absorption of the Ha Noi office market in 2020 was down around 9,000 sq.m. … [Read more...] about New supply of condominiums down sharply in Ha Noi: CBRE Vietnam
Economist: VN-Index does not reflect the economy
Nguyen Tri Hieu, an economist - PHOTO: NGOC TRAN By the end of last week (January 15, 2021), the stock market in Vietnam was still in growth territory with the benchmark VN-Index ending at 1,194.2 points and the HNX-Index at 225.27. The Saigon Times spoke with economist Nguyen Tri Hieu to get his insight into what is in store for the stock exchanges in Vietnam. Excerpts: … [Read more...] about Economist: VN-Index does not reflect the economy
Vietnam targets to send 90,000 labourers abroad in 2021
Hanoi (VNA) – Vietnam hopes to send 90,000 guest workers abroad in 2021, targeting markets that secure high and stable incomes, according to the Overseas Labour Management Department under the Ministry of Labour, Invalids and Social Affairs. Last year, more than 78,600 workers were sent abroad, accounting for 112.3 percent of the adjusted plan due to COVID-19. Of the total, 38,891 worked in Japan, 34,537 in China’s Taiwan, and 1,309 in the Republic of Korea, and the rest in other countries and territories. Last year, the country aimed to send 130,000 labourers to work abroad. Due to the pandemic, the target was adjusted down to 70,000 workers. The COVID-19 pandemic has delivered a major blow to many countries and territories in the region and the world, including traditional markets receiving Vietnam’s migrant workers. Various firms had to restructure, cut down the number of migrant workers or cancel request to send more workers abroad./. … [Read more...] about Vietnam targets to send 90,000 labourers abroad in 2021