Overall, on the Ho Chi Minh Stock Exchange (HoSE), 132 stocks gained and 197 stocks lost at the end of Monday’s session. This is the index’s fifth losing session in a row, and eighth losing session since it peaked at 1024.91 points two weeks ago. Blue-chips and banking stocks were the biggest drag on the VN-Index this session, with the VN30-Index, which represents Vietnam’s 30 highest market cap stocks, falling 0.69 percent to 920.95 points. VNM shares of Vinamilk, Vietnam’s biggest dairy company, and VCB shares of Vietcombank, one of Vietnam’s three biggest state-owned lenders, saw the biggest drops among the 30 blue-chips, having fallen 2.2 and 2.1 percent respectively. VIC shares of Vietnam’s biggest private conglomerate Vingroup fell 1.5 percent, while VHM shares of its real estate subsidiary Vinhomes and VRE of its retail arm Vincom Retail closed at the same starting price. FPT shares of tech giant FPT fell 1.1 percent, followed by PNJ of Phu … [Read more...] about Vietnam stock market hits 3-month low
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Vietnamese told not to expect high-end cars to become cheaper
Asked about the import tariff on luxury cars from Europe after the EVFTA takes effect, the Ministry of Industry and Trade (MOIT) said the competitiveness of EU sourced cars would improve. According to MOIT’s Deputy Minister Tran Quoc Khanh, high-cylinder capacity cars (more than 2500 cc) will see tariffs gradually cut to zero percent after nine years. Meanwhile, the tariff cut for less than 2500 cc cars will be implemented over 10 years, and the roadmap for car parts will be seven years. At present, cars from the EU bear a high tax rate of 70 percent. The selling price is 2-3 times higher than the original price because the cars bear many kinds of taxes and fees. The trade agreement includes an important provision that, five years after the agreement takes effect, Vietnam will accept the EU quality certificate, which means that the EU’s cars won’t need quality certificates to enter Vietnam. This means that Vietnam will create more favorable conditions for … [Read more...] about Vietnamese told not to expect high-end cars to become cheaper
Software firms are adding more value to their products
Visitors trial IT solutions at a technology exhibition held recently in HCM City. Software firms in Viet Nam are adding more value to their products through innovative features. — VNS Photo TMA Solutions, one of the largest software outsourcing companies in Viet Nam, has established the TMA Innovation Centre to develop new software products and solutions based on Industry 4.0 technologies, Tran Phuc Hong, the company’s vice president, said. TMA, which has more than 2,500 engineers, provides software services for customers in 27 countries and territories. It is one of the few software companies in Southeast Asia that has over 300 engineers working on 4.0 technologies such as artificial intelligence, data science, blockchain, and IoT for customers in the US, Canada, the EU, Japan and Australia in the fields of telecommunications, electronics, cars, e-commerce, healthcare, pharmaceuticals and agriculture, according to Hong TMA and many other software development businesses in … [Read more...] about Software firms are adding more value to their products
Nasa probes oxygen mystery on Mars
The oxygen in Martian air is changing in a way that can't currently be explained by known chemical processes. That's the claim of scientists working on the Curiosity rover mission, who have been taking measurements of the gas. They discovered that the amount of oxygen in Martian "air" rose by 30% in spring and summer. The pattern remains a mystery, but researchers are beginning to narrow the possibilities. While the changes are most likely to be geological in nature, planetary scientists can't completely rule out an explanation involving microbial life. The results come from nearly six Earth years' (three Martian years') worth of data from the Sample Analysis at Mars (Sam) instrument, a portable chemistry lab in the belly of the Curiosity rover. The scientists measured seasonal changes in gases that fill the air directly above the surface of Gale Crater on Mars, where Curiosity landed. They have published their findings in the journal JGR-Planets. The Martian atmosphere is … [Read more...] about Nasa probes oxygen mystery on Mars
Earth’s moon is shrinking and quaking, study says
The moon is slowly shrinking over time, which is causing wrinkles in its crust and moonquakes, according to photos captured by NASA's Lunar Reconnaissance Orbiter. This is a view of the Taurus-Littrow valley and its cliffs, explored by Apollo 17 astronauts. Unlike Earth, the moon doesn't have tectonic plates. Instead, as the moon's interior has cooled over the last several hundred million years, it has caused the surface to wrinkle as it shrinks. Unlike the flexible skin of a grape when it shrinks into a raisin, the moon's brittle crust breaks. This creates stair-step cliffs called thrust faults as part of the crust is pushed up and over another close part of the crust. There are now thousands of cliffs scattered across the moon's surface, averaging a few miles long and tens of yards high. The orbiter has taken photos of more than 3,500 of them since 2009. In 1972, Apollo 17 astronauts Eugene Cernan and Harrison Schmitt had to ascend one of these cliffs, the Lee-Lincoln fault … [Read more...] about Earth’s moon is shrinking and quaking, study says
