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Small investors oppose expanding trading lot Ho Chi Minh City Stock Exchange (HOSE)’s proposal to raise the minimum trading lot to 1,000 shares is receiving mixed opinions from market experts and investors. The proposal was initiated by newly-appointed General Director of HOSE Le Hai Tra as a solution to reduce system overloads which have troubled traders recently. A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality, said a budding investor. “My friends and I, when joining the stock market, only have a few tens to several hundreds of millions of dong, raising the minimum trading lot to 1,000 shares will directly affect our investment capacity,” said individual investor Diep. “With expensive stocks, we may have to spend hundreds of millions of dong to buy the minimum 1,000 shares,” she said. According to Diep, the stock market has never had such a chance for growth. New cash flow into … [Read more...] about VIETNAM BUSINESS NEWS MARCH 8

As 2020 is coming to end, how do you evaluate the development of businesses that received recognition during the Vietnam Value Programme? Vu Ba Phu, director general of the Trade Promotion Agency under the Ministry of Industry and Trade After 17 years of running the programme with seven times choosing national brands, we have witnessed the continuous growth of many domestic enterprises. At the first selection in 2008, we saw only 30 chosen companies with their products. By 2018, this number had grown to 97, and this year we have recorded 124 enterprises and their brands. However, the growth of the business community has not only happened in the number of participating businesses, but also export turnover, sales, and their contribution to the state budget, as well as their efforts in social responsibility and job creation. For example, firms recognised as national brands in 2018 reached a revenue of about VND907 trillion ($39.4 billion), with their export turnover … [Read more...] about Initiative’s success helped by quick response to pandemic

No measure of money can be exchanged for the mark of time. These trees, with a lifetime of over 1,000 years, are associated with national culture and history. Apitong tree dates back to Hung Kings Vietnam’s oldest tree has been carefully taken care of by authorities. Topping the list of longevity is the apitong tree, which holds the record for the oldest tree in Vietnam and is related to the sacred tale of Thien Co temple (Trung Vuong commune, Viet Tri city, Phu Tho province). According to scientists, the tree is more than 2,100 years old. Legend has it that the temple is located on the capital land of the ancient Van Lang country. This apitong tree, over the two millennia, has been a witness to the natural and social history of the locality with invaluable cultural and spiritual values. It was recognized as a Heritage Tree by Vietnam Association for Conservation of Nature and Environment (VACNE) on May 28, 2012. Thien Co temple worships the wedded couple, … [Read more...] about Trees thousands of years old – treasures beyond price

Vietnam begins COVID-19 vaccination on March 8 Vietnam launches its COVID-19 inoculation drive on March 8 morning, administering the AstraZeneca vaccine to medical workers in Hanoi, Ho Chi Minh City and northern Hai Duong province – the country’s biggest pandemic hotspot at present. The vaccination is conducted at the Central Hospital for Tropical Diseases in Hanoi, the HCM City Hospital for Tropical Diseases and two medical centres in Hai Duong. As many as 100 staff members of the Central Hospital for Tropical Diseases are expected to receive the shots in the morning of March 8. The hospital is allocated 450 doses among the first batch of 117,600 doses of AstraZeneca vaccine the country has received. In Hai Duong, 50 medical workers at Hai Duong city’s medical centre, and 30 others at Kim Thanh district’s medical centre will be the first in the province to be injected. The Ministry of Health has allocated the vaccine to 13 localities, along with the Ministry of National … [Read more...] about VIETNAM NEWS HEADLINES MARCH 8

Female workers in informal sectors in the cities of Da Nang and Hue will receive training support and funding to build back their livelihoods after the economic shock created by COVID-19 outbreaks in their cities. Participants at the event. Photo by the New Zealand Embassy The New Zealand Embassy and ActionAid Vietnam today launched a partnership to "Leave No One Behind in the Struggle Against COVID–19". The project will assist female workers in informal sectors of the economy in Da Nang and Hue. Leaders of the Department of Foreign Affairs (DOFA) of Thua Thien Hue Province, the Department of Labour, Invalids and Social Affairs (DOLISA) of Da Nang City and the Centre for Community Development and Social Work - CODES participated the launch. The New Zealand Embassy will provide NZD 50,000 (approx. VND 790,000,000) to the project, which aims to reach more than 350 women workers in informal employment as street vendors, junk collectors, or housemaids, over the coming … [Read more...] about New Zealand supports Vietnamese female workers