Meanwhile, on the Hanoi Stock Exchange (HNX), the HNX-Index made a breakthrough of nearly 3 percent. At the end of the trading session, the VN-Index inched up by 0.34 points, or 0.03 percent, to close at 1,186.95 points, with 270 gainers, 168 losers, and 64 unchanged stocks. The HNX-Index jumped 6.16 points, or 2.48 percent, to 254.1 points, with 137 gainers, 66 losers, and 57 unchanged stocks. Foreign investors continued to net sell nearly VND500 billion on the whole market. Of which, they net sold VND470 billion on the HoSE. Liquidity remained at a high level with a total trading volume of 819 million shares, worth more than VND18.1 trillion. Of which, put-through transactions accounted for nearly VND1.77 trillion. The stock market traded with caution from investors after the new General Director of the HoSE Le Hai Tra spoke in the media about a solution to prevent network congestion, which possibly is to raise the minimum round lot from 100 shares to 1,000 shares to reduce the … [Read more...] about Many solutions to prevent network congestion on HoSE
F 16 fighter jet
E-commerce platforms help “rescue” agricultural products
E-commerce platforms are effective tools that can help farmers reduce losses when there is an oversupply of produce and sales are slow. In Gia Loc district in Hai Duong province on March 2, the roads were very quiet even though in a few hours the social isolation order would expire (at 0:00 on March 3). Somewhere in the fields were farmers who were still doing their daily work. For them, their fields must be taken care of every day. With more than 93,000 hectares of agricultural land, accounting for 56.5% of the total area, Hai Duong is among provinces with a large agricultural production area. Its main agricultural products are vegetables, fruits, livestock and poultry. Before the pandemic, the biggest difficulty for local farmers was the connection between producers and consumers. During the pandemic, because of the blockade and restriction of means of travel, the difficulties multiplied. Born into a … [Read more...] about E-commerce platforms help “rescue” agricultural products
Local wood industry to capitalise on export opportunities to US
According to data released by the United States International Trade Commission, during the opening 11 months of last year, the US’ imports for wooden furniture endured a decline of 0.6% to US$16.8 billion compared to the same period from 2019. Vietnam remained as the largest supplier of wooden furniture to the United States throughout the reviewed period, with the export turnover reaching US$6.26 billion, a rise of 30.9% on-year. The proportion of imports from the country accounts for 37.2% of the total import value, up 9% compared to last year’s corresponding period. Most notably, Vietnam is the largest market for bedroom furniture for the US, making up 49.7% of the US’ total import value, followed by Malaysia, China, and Indonesia. Nguyen Liem, chairman of Lam Viet Joint Stock Company, attributed this increase in US demand for wooden furniture to the impact of the novel coronavirus (COVID-19) pandemic as it has forced many Americans to remain indoors and focus on activities … [Read more...] about Local wood industry to capitalise on export opportunities to US
Cambodia’s agricultural product exports surge in two months
Cassava being taken for storage in Cambodia's Kratie province (Photo: Khmer Times) Phnom Penh (VNA) – Cambodia exported around 1.56 million tonnes of non-rice agricultural products with sanitary and phyto-sanitary certificates in the first two months of 2021, a year-on-year surge of 55.3 percent, said Minister of Agriculture, Forestry and Fisheries Veng Sakhon. Sakhon added the items were shipped to 25 different countries. Among the exports, the majority was dried cassava slices (802,451 tonnes), fresh cassava (154,750 tonnes), paddy (287,850 tonnes), cashew nuts (79,473 tonnes) and red corn (78,856 tonnes). Meanwhile, Cambodia’s exports of milled rice in January-February were valued at 64.53 million USD and amounted to 76,222 tonnes, according to a report from the Cambodia Rice Federation (CRF). This presented a decline of around 44.16 percent compared with the same period in 2020, triggered by a lack of containers and high cost of shipping by sea. In February, milled … [Read more...] about Cambodia’s agricultural product exports surge in two months
2.3 million USD for restoration of Hue’s historical relics
International organisations have provided 2.3 million USD and 400 cubic metres of iron wood for reparation and restoration of the historical relics in the former imperial city of Hue since these systems of temples and palaces were recognised as World Cultural Heritage by the UNESCO in 1993. The United Nations Educational, Scientific and Cultural Organisation (UNESCO) alone contributed 467 Swiss frances and 90,000 USD to the endeavour. Under a project to preserve and promote the value of the Hue historical relics from 1996-2010, more than 266 billion VND (roughly 16.62 million USD) has been spent on restoring the historical relics. As a result these systems are no longer in the dilapidated situation and their values have been brought into play. Phung Phu, Director of the Centre for Preservation of Historical relics in Hue , said that of more than 100 out of over 300 projects of the Hue historical relics have been restored, upgraded and preserved. … [Read more...] about 2.3 million USD for restoration of Hue’s historical relics