Fire fighting equipment hose reels

A fresh-water reservation pond (Photo: VNA) Hanoi (VNA) - Localities stricken by serious drought , water shortages , and saltwater intrusion will receive funding from the central budget to deal with these issues. Under a decision signed recently by Deputy Prime Minister Trinh Dinh Dung , beneficiaries are to include organisations managing and using irrigation facilities and rural water facilities, as well as other relevant units. People’s Committees in districts and communes facing water shortages have been directed to adopt urgent solutions in the fight. With the financial support, localities in the central, Central Highlands, and Mekong Delta regions must extend water pipes, purchase water containers and filters, and supply water to local residents, hospitals, and schools in disadvantaged areas. Notably, the central and Mekong Delta regions will receive funding for the building of anti-intrusion dams and water reservoirs. Funding for mountainous and Central … [Read more...] about Support given to localities to fight drought, water shortages, saltwater intrusion

Two investors look at stock prices on a laptop in HCM City. — Photo courtesy of Vietnambiz.vn The chronic congestion on the Ho Chi Minh City Stock Exchange (HoSE) has caused losses for retail investors, making them insecure. Instead of congestion, and errors, only in the afternoon or near the close like previously, errors are now occurring even in the morning. For example, on March 5, just after the market opened, the security live board froze and failed to show realtime prices. Nguyen Kha, a veteran investor in HCM City, said he punched in an order to sell HBC shares on March 3 when it jumped to above VND18,500 (US$804 million), but only half his order was matched, and in the next few days had to sell at below VND18,000 since he needed money, losing VND1,000 per share. Another investor on HoSE said he has been in a constant state of insecurity recently and cannot do any other work after placing orders since one needs to watch the screen to see if the order is matched. … [Read more...] about Investors feel insecure about Ho Chi Minh City Stock Exchange congestion, move to other bourses

A customer carries out a transaction at a branch of Asia Commercial Bank (ACB) in Ha Noi. ACB lost 2 per cent on Monday. — Photo courtesy of ACB 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 Ho Chi 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 VND15.6 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 VND31,800 per share, VPBank (VPB) lost by 1.1 per cent to VND41,350 per share, Vietcombank (VCB) declined by 1.5 per cent to VND95,200 … [Read more...] about Shares cut early gains to end lower as bank stocks decline

A production line at the The Ky Yarn Joint Stock Company (Photo: VNA) HCM City (VNS/VNA) - The textile and apparel industry , which managed to survive three waves of COVID-19 thanks to its decision to produce face masks and personal protective equipment, will focus on sportswear and yarn, according to the Vietnam National Textile and Garment Group . Le Tien Truong, its general director, said demand for face masks and personal protective equipment will shrink rapidly. Armed with their experience of coping with the pandemic, many textile and footwear enterprises are quietly confident of altering plans when required and finding new markets to cope with new situation after COVID-19 is under control. Sportswear has arguably been the most successful segment during the pandemic as awareness of physical exercise rose. According to Euromonitor International, in 2020 the demand for sportswear world-wide decreased only about 8 percent, the lowest in an industry which saw … [Read more...] about Vietnamese textile industry sees huge export opportunities

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