Citi card double cash foreign transaction fee

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

No new COVID-19 infections logged on March 9 morning Vietnam reported no new COVID-19 cases in the past 12 hours to 6:00 am on March 9, according to the National Steering Committee for COVID-19 Prevention and Control. The country recorded 1,586 domestically-transmitted infections, including 893 cases since the latest outbreak began on January 27. As many as 45,219 people who came in close contact with COVID-19 patients or arrived from pandemic-hit areas are under quarantine nationwide, including 506 in hospitals, 14,266 in other quarantine sites, and 30,446 at home. Among the patients under treatment, 65 have tested negative for SARS-CoV-2 once, 57 twice, and 137 thrice. The Treatment Sub-committee said that 1,920 patients have been declared to be clear of the coronavirus so far. Vietnam launched its COVID-19 vaccination programme on March 8, with healthcare workers being first in the queue. They received AstraZeneca vaccine shots, which was granted the Emergency Use … [Read more...] about VIETNAM NEWS HEADLINES MARCH 9

A customer carries out a transaction at a branch of Asia Commercial Bank (ACB) in Hà Nội. ACB lost 2 per cent on Monday. Photo courtesy of ACB HÀ NỘI — Vietnamese shares trimmed early gains on Monday with the VN-Index closing lower as banking stocks came under selling pressure towards the final minutes of trading. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange edged down 0.04 per cent to close at 1,168.27 points. It had risen 0.02 per cent last week. More than 652.7 million shares were traded on the southern bourse, worth VNĐ15.6 trillion (US$673.9 million). Market breadth was positive with 274 gaining stocks and 183 losers. After the lunch break, the market fluctuated in a quite negative direction as many banking stocks dropped sharply and pushed the VN-Index down to the reference level. Asia Commercial Bank (ACB) fell 2 per cent to VNĐ31,800 per share, VPBank (VPB) lost by 1.1 per cent to VNĐ41,350 per share, Vietcombank (VCB) declined by 1.5 per cent to … [Read more...] about Shares cut early gains to end lower as bank stocks decline