Saigon Times to hold conference on Japanese marketThe Saigon Times Daily Food made of rice flour such as rice vermicelli and pho (Vietnamese dried noodles) are favorite items of Japanese consumers. The upcoming conference held by the Saigon Times Group will help local firms gain insights on the Japanese market - PHOTO: TAM AN HCMC – Local firms will have the opportunity to gain insights on the Japanese market in preparation for deeper penetration into the eastern Asian country by attending a conference on ways to expand their businesses into Japan, which is slated to take place on November 29 at the headquarters of the Saigon Times Group in HCMC. The event, titled, “Expand Business into Japan,” will be organized by the Saigon Times Startup Supporting Group, under the Saigon Times Group, in collaboration with ChatWork company. Participants of the event will be informed of the current demands of the Japanese market, particularly the Japanese people and … [Read more...] about Saigon Times to hold conference on Japanese market
On hold marketing shreveport
State capital divestment at PV Oil put on hold
State capital divestment at PV Oil put on holdBy Minh Tam The divestment of State capital at PV Oil is at a standstill - PHOTO: MINH TAM HCMC - PetroVietnam Oil Corporation (PV Oil), a major fuel trading arm of the Vietnam National Oil and Gas Group (PVN), announced on June 28 its decision to suspend the divestment of State capital until the corporation completes its conversion into a joint stock company (JSC). The suspension follows the Prime Minister’s decision stated in a document released at the end of May. PV Oil has informed four investors and enterprises, which have confirmed their continued involvement in the divestment, of the Government’s decision and a plan to call on these firms to support PV Oil after its equitization. On January 25 this year, PV Oil launched its long-awaited initial public offering, selling 206.8 million shares to 1,333 individuals and 45 organizations at home and abroad. The Government fetched more than VND4.17 trillion (US$182 … [Read more...] about State capital divestment at PV Oil put on hold
Application of national organic standards remains on hold
Application of national organic standards remains on holdThe Saigon Times Daily The Ministry of Science and Technology issued national standards on organic agriculture late last year, but the application of these standards remains at a standstill - PHOTO: THANH HOA HCMC - The Ministry of Science and Technology issued national standards on organic agriculture late last year, but the application of these standards remains at a standstill, hindering the operations of enterprises manufacturing and trading in organic products, according to Nguoi Lao Dong newspaper. The key reason for the delay is that the Ministry of Agriculture and Rural Development has not introduced guidelines for applying the standards. Enterprises are still awaiting specific instructions. Nguyen Lam Vien, general director of Vinamit Trading Corporation, said these standards are crucial for enterprises wanting to develop their brands locally. Vinamit also needs these standards so that it can adjust its … [Read more...] about Application of national organic standards remains on hold
VN Index rising on good market sentiment
The Vietnamese stock benchmark VN Index came close to its new record high of 1,200 points last week on the prolonged rally of large-cap shares, and the uptrend is expected to continue in the coming five sessions. The VN Index on the HCM Stock Exchange gained 0.57 per cent to end Friday at 1,199.96 points, totaling a three-day growth of one per cent and making a weekly gain of nearly 2.2 per cent. The same pattern also occurred for the HNX Index on the Ha Noi Stock Exchange. It ended last week at 138.02 points, up two per cent after two days and total 4.2 per cent from the previous trading week. An average of 304 million shares was traded in each of the past five sessions, worth VND11 trillion (US$495.3 million). The trading figures were up 12 per cent in volume and 42 per cent in value as compared to the previous week. High investor confidence amid a potential global trade between China and the US helped boost the local stock markets last week, spreading confidence across all sectors … [Read more...] about VN Index rising on good market sentiment
Bernanke says global recovery depends on emerging markets
The global economy will depend increasingly on emerging markets to foster strong growth, Federal Reserve Chairman Ben S. Bernanke said, adding that central banks worldwide must carefully weigh the timing of their withdrawals from various economic stimulus programs put in place during the financial crisis. Fed Chairman Ben Bernanke said central banks around the world must carefully time their exit from crisis relief programs. (Joshua Roberts/bloomberg News) "The Federal Reserve and many other central banks . . . will have to manage its exit from accommodative policies," evaluating the risks of a premature exit against the ramifications of leaving them in place for too long, said Bernanke, addressing a conference sponsored by the Bank of Korea in Seoul by video Sunday. "Because economic conditions vary, the appropriate timing of the exit is likely to differ across countries. To guide these important decisions, each central … [Read more...] about Bernanke says global recovery depends on emerging markets
Exhibition on traditional markets in Hanoi to open
(Cinet)- A photo exhibition on traditional markets in Hanoi, in the past and at present, will open at the Vietnamese Women's Museum, 36 Ly Thuong Kiet street on March 6 to celebrate International Women's Day. Titled "Chuyen Cua Cho" (Story of Markets), the exhibition will showcase photos of traditional markets in the past in the city, which was once also called Ke Cho (site of markets).Many traditional markets have disappeared as a result of urbanisation, or have transformed into modern trading centres like Mo and Hang Da markets. At the exhibition, there will also be space for a traditional market, which will offer agricultural products from various localities in the country.The exhibition will run until April 15. Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions … [Read more...] about Exhibition on traditional markets in Hanoi to open
Trade tumbles on world market jitters
Trade tumbles on world market jittersBy Phuong Thao - The Saigon Times DailyHCMC – A majority of local stocks continued edging lower on Thursday as global markets had yet to improve, with the VN-Index losing 3.12 points, or 0.62%, against the previous session to 504.02.The market opened on a positive note and rapidly hit the daily high of 506.61 points in the first matching phase. However, sellers turned more active then and the index moved flat within the 504-point area before subsequently dropping back quickly to the lows.Losing stocks outnumbered advancers at 141 to 66, with 15 stocks closing at their ceiling prices and nine issues plunging to the floor prices. Most blue-chips made no gains on Thursday while small and medium caps such as HTV, AGD, VSG and SRC made the most positive contribution to the VN-Index.Thuan Thao Corp. (GTT) took the lead in terms of liquidity on Thursday, leaping to the ceiling price of VND16,800 per share with 3.5 million shares traded. Viet-Han … [Read more...] about Trade tumbles on world market jitters
Positive view kept on stock market this week
By Thuy Trieu - The Saigon Times Daily HCMC – Although the stock market fell sharply on overseas impact on Friday, securities companies are still positive on the market’s trend this week given the six-month high on liquidity on the same day. Investors traded 112.4 million securities worth VND3.84 trillion, rising 38.5% and 36% respectively from the previous session, meaning that many investors still accepted to buy shares. The market’s average daily trade volume was 92.4 million shares worth VND3.3 trillion, increasing 41% and 30% respectively from the previous week. The major trend of speculation capital has been on penny stocks. Meanwhile, blue-chips, despite being attractive to investors for a short period, could not create a clear trend. Since capital streaming into blue-chips remained weak, the market did not have enough strength to break the threshold of 550 points for the third time. Vietnam International Securities Company reported that macro economic … [Read more...] about Positive view kept on stock market this week
Bank shares sought after on stock market
Bank shares sought after on stock marketBy Thuy Trieu - The Saigon Times DailyHCMC – Shares of banks, either listed or unlisted, have become the most hunted on the stock market recently following the strong rally of the capital market.Two stocks, Sacombank (STB) and Asia Commercial Bank (ACB), have seen prices increasing strongly recently on high trading volumes.Pham Linh, general director of Vietnam Securities Co. (VIS), said that during 2008 and the first two months of this year, bank shares had fallen deeply to under reasonable prices, meaning their price per earning ratios (P/E) were low considering the potential of the banking sector in an emerging market like Vietnam.“When the market recovers, investors will trade to put those shares in reasonable levels,” he said. According to VIS, the P/E of the banking sector by June 5 was 9.16 while the average P/E of Vietnam’s market was 14.39.According to securities companies as well as free brokers on the unlisted … [Read more...] about Bank shares sought after on stock market
NA puts new textbooks on hold
NA puts new textbooks on holdVan Ly HANOI – The National Assembly (NA) has passed a resolution delaying the implementation of a project to introduce new textbooks and curriculums at elementary and secondary schools. Around 91% of NA deputies present at the meeting in Hanoi City on November 21 voted in favor of the resolution. Before the resolution was passed, Phan Thanh Binh, chairman of the NA Committee for Culture, Education, Youth, Adolescents and Children, read a report on comments on the draft resolution at a NA meeting on November 2. He said a majority of deputies agreed to put off curriculum and textbook changes until 2020. Accordingly, elementary schools will apply new curriculums and textbooks in the 2020-2021 school year. Students at junior high schools will adopt them in the 2021-2022 academic year and those at senior high schools will follow suit in the following school year. … [Read more...] about NA puts new textbooks on hold