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Pocono news channel 16

New regulation on minimum trading lot at HOSE aims to keep small investors away

Around $200 billion is now in tumult after a succession of days of network congestion and the news about the required increase in minimum trading lot from 100 to 1,000 shares on the HCM City stock market. Nguyen Giang, owner of The Way Coffee, completed the procedure to open an account at SSI Hanoi Branch after hearing that the HCM CIty Stock Exchange (HOSE) was planning to increase the required minimum trading lot from 100 shares to 1,000 shares. The reason behind the plan, as explained by Le Hai Tra, HOSE’s CEO, was to ease the overload. However, this was not good news for many investors, including Giang. Because of Covid-19, he no longer can work as an outbound tour guide, which he did for 10 years. In 2020, he opened a street coffee shop. However, the third Covid-19 outbreak once again affected his business. Giang then decided to make financial investments as he has confidence in the bright prospects of the stock market. However, the calculations of the investor may … [Read more...] about New regulation on minimum trading lot at HOSE aims to keep small investors away

Equity investment in Vietnam reaches new peak

Vietnam reports most impressive growth in financial services regionally, particularly in the banking sector Global equity investment shed 13.1 per cent in the total number of transactions and plunged 33.8 per cent in total transaction value in the first half last year, compared to the corresponding period in 2019. Within the ASEAN-5 and Vietnam, equity transactions were slowing down last year compared to a robust 2019. The number of transactions dropped from 230 cases in the second half of 2019 to 200 cases in the first six months of 2020, meanwhile, the transaction value was curtailed by more than half, from $9.15 billion to just $4.3 billion. Amid chaos and uncertainties due to the coronavirus pandemic, Vietnam’s equity investment market has set a record with 59 transactions valued at $1.14 billion, a slight increase compared to 2019. Technology has maintained its growth momentum setting a five-year record in the number of transactions. Investments have channelled into … [Read more...] about Equity investment in Vietnam reaches new peak

Vietnamese in U.S. rattled by rising hate crimes against Asians

Walking their dog after dinner has always been a favorite daily activity of Tho Pham and his wife, a Vietnamese couple who live with their 39-year-old son in Garden Grove City, California. But not in the last few months as the wave of anti-Asian violence and harassment has terrified him. "I do not dare go out without my children because I am afraid someone will knock me to the ground or stab me to death just because I am Asian," he laments, adding that the hate crimes have disrupted his daily life. Many other Vietnamese share his apprehension, especially older people. Wally Ng, a member of the Guardian Angels, patrols with other members in Chinatown in New York City, New York, U.S., May 16, 2020. Photo by Reuters. Violence and hatred directed at Asian Americans, which also includes mugging, have surged across California since the beginning of the Covis-19 pandemic as Asians are blamed for its origin in Wuhan, China. Videos of an Asian woman being punched in the … [Read more...] about Vietnamese in U.S. rattled by rising hate crimes against Asians

Phan Thiet airport to start construction in March

The information was announced by Senior Lieutenant-General Tran Don, Deputy Minister of National Defense at a meeting with the south-central province's authorities Friday. In 2009, the government approved a plan to build Phan Thiet airport in beach town Phan Thiet of Binh Thuan, which lies more than four hours east of Ho Chi Minh City and currently has none. The plan said the airport would span 543 hectares (1,340 acres) to serve both civilian and military purposes and invested under the build-operate-transfer format by Hanoi-based Rang Dong JSC. It also said work would start in 2015 for the project to be finished in 2018. However, nothing had been carried out as scheduled. In 2017, Binh Thuan proposed to upgrade the civil rating of the planned airport from 4C to 4E as regulated by International Civil Aviation Organization. In specific, the province wanted to extend the airport's runway from 2,400 meters to 3,050 meters in order to raise its capabilities toward the 4E rating. … [Read more...] about Phan Thiet airport to start construction in March

Hai Duong hotspot records six more Covid-19 community transmissions

All new patients, tagged from 2502-2507, are F1 of previously confirmed cases in Kim Thanh District and Kinh Mon Town in the northern province, around 60 kilometers to the east of Hanoi. They had already been isolated following contact tracing protocol and had tested positive for the novel coronavirus when in quarantine. On Saturday alone, Vietnam has recorded 13 new infections, including 12 in hotspot Hai Duong and one imported case. Vietnam, a country of 98 million people, has reported 891 community transmissions in 13 cities and provinces during the ongoing outbreak that returned to the country on Jan. 28 after a 55-day clean streak. Prioritized groups will be injected with the first batch of 117,600 AstraZeneca vaccines next Monday after quality checks had been passed, Health Minister Nguyen Thanh Long said. Long added the first vaccine shots would be reserved for the National Hospital for Tropical Diseases in Hanoi, its counterpart in Ho Chi Minh City and northern Hai … [Read more...] about Hai Duong hotspot records six more Covid-19 community transmissions

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