Vietnam gained 84 points for the second quarter of 2018 in the Business Climate Index (BCI), up six points from the previous quarter, according to new data from the BCI survey released by the European Chamber of Commerce in Vietnam (EuroCham) on October 4. More than 70 per cent of companies surveyed reported a positive situation for their enterprises in the last quarter, with 65 per cent describing it as “good” and 12 per cent as “excellent”.-VNA/VNS Photo Thong Nhat The latest BCI results show the sentiment of European businesses is at its strongest in 18 months, and just two points below the all-time high of the third quarter of 2016. EuroCham members reported an optimistic outlook on various issues, from their own investment and profit projections to workforce levels and Vietnam’s macroeconomic outlook. More than 70 per cent reported a positive situation for their enterprises in the last quarter, with 65 per cent describing it as … [Read more...] about Vietnam gains 6 more points in Business Climate Index
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Việt Nam gains 6 more points in Business Climate Index
More than 70 per cent of companies surveyed reported a positive situation for their enterprises in the last quarter, with 65 per cent describing it as “good” and 12 per cent as “excellent”. — VNA/VNS Photo Thống NhấtViet Nam News HÀ NỘI — Việt Nam gained 84 points for the second quarter of 2018 in the Business Climate Index (BCI), up six points from the previous quarter, according to new data from the BCI survey released by the European Chamber of Commerce in Việt Nam (EuroCham) on October 4. The latest BCI results show the sentiment of European businesses is at its strongest in 18 months, and just two points below the all-time high of the third quarter of 2016. EuroCham members reported an optimistic outlook on various issues, from their own investment and profit projections to workforce levels and Việt Nam’s macroeconomic outlook. More than 70 per cent reported a positive situation for their … [Read more...] about Việt Nam gains 6 more points in Business Climate Index
Vietnam gains 6 more points in EuroCham’s Business Climate Index
Hanoi (VNA) – Vietnam gained 84 points for the second quarter of 2018 in the Business Climate Index (BCI), up 6 points from the previous quarter, according to new data from the BCI survey released by the European Chamber of Commerce in Vietnam (EuroCham) on October 4. The latest BCI results show the sentiment of European businesses is at its strongest for 18 months, and just two points below the all-time high of the third quarter of 2016. EuroCham members reported an optimistic outlook on various issues, from their own investment and profit projections to workforce levels and Vietnam’s macroeconomic outlook. More than 70 percent reported a positive situation for their enterprises in the last quarter, with 65 percent describing it as “good” and 12 percent as “excellent”. Looking ahead to the next quarter, 64 percent believe their business situation will be “good” with a further 15 percent answering “excellent.” EuroCham … [Read more...] about Vietnam gains 6 more points in EuroCham’s Business Climate Index
VN-Index rises over 21 points
The VN-Index of the Ho Chi Minh Stock Exchange (HoSE) rose 21.12 points on July 18 (Photo: VNA) Hanoi (VNA) – The VN-Index of the Ho Chi Minh Stock Exchange (HoSE) rose 21.12 points on July 18, with 223.9 million shares worth over 4.9 trillion VND (211 million USD) traded. There were 219 advancing codes and 72 declining ones. Meanwhile, the HNX-Index on the Hanoi Stock Exchange (HNX) closed at 106.93 points, up 2.1 points. More than 48,700 shares were sold with a total transaction value of 698.6 billion VND (30 million USD). There were 114 rising codes and 53 declining ones. Liquidity on both exchanges grew significantly to over 5 trillion VND (215.3 million USD). In the VN-30 cap group, codes witnessing price increases included CTD, GAS, NVL, PLX, VJC, and VNM. The ticker code RE hit its ceiling price of 32,800 VND per share. In the banking sector, the Bank for Investment and Development of Vietnam (BIDV) rose to 26,150 VND per share from 1,250 … [Read more...] about VN-Index rises over 21 points
State Treasury raises over 65.8 trillion VND from G-bonds
The State Treasury of Vietnam has mobilised over 65.8 trillion VND (2.89 billion USD) via G-bond auctions at the Hanoi Stock Exchange so far this year (Photo: tinnhanhchungkhoan.vn) Hanoi (VNA) – The State Treasury of Vietnam has mobilised over 65.8 trillion VND (2.89 billion USD) via Government bond (G-bond) auctions at the Hanoi Stock Exchange (HNX) since the beginning of 2018. From mid-April to present, the interest rates of different term G-bonds have continued to increase. Most recently, a total of 4.2 trillion VND (185 million USD) was raised through an auction at the HNX on June 13. As much as 2.1 trillion VND (92.5 million USD) was mobilised from 10-year bonds with an annual interest rate of 4.32 percent, up 0.02 percent against the previous auction on June 6. Bonds with 15-year and 20-year maturity raised 1.6 trillion VND (70.4 million USD) and 500 billion VND (22 million USD) with annual interest rates of 4.65 percent and 5.18 percent respectively, both up 0.02 … [Read more...] about State Treasury raises over 65.8 trillion VND from G-bonds
VN-Index rises for three consecutive days, exceeding 1,013 points
Illustrative photo (Photo: VNA) Hanoi (VNA) – The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) rose for the third day, gaining a total of 65.28 points after three transactions to settle at 1,013.78 points on June 4. The VN-Index fluctuated around 1,000 points in the morning. However, in the afternoon, the index bounced back after the demand climbed. The group of equipment, machine production and construction material production shares saw a price hike of 4 percent. Meanwhile, the group of banking, insurance and seafood processing shares witnessed an increase of over 3 percent. Among the largest stocks by market capitalisation, shares of Vinamilk (VNM), Vingoup (VIC), Vietcombank (VCB) and BIDV (BID) drew attention of investors and traded at the reference price. However, shares of Sabeco (SAB), PetroVietnam (GAS) and Techcombank (TCB) were sold below the reference price, of which TCB closed at 102,000 VND per share. At the end of the June 4 … [Read more...] about VN-Index rises for three consecutive days, exceeding 1,013 points
VN-Index keeps upward trend, approaching 1,200 points
The index rose 0.98 point to 1,194.15 points right at the beginning of the trading session. Later, a sudden strong demand pushed the VN-Index up, helping it to quickly surpass 1,200 points and even reach 1,202 points. However, this upward trend did not last long and the VN-Index fluctuated between 1,198 – 1,199 points in the remaining time of the session. Among large-cap stocks, VCB and SAB kept their prices unchanged from April 5 while MSN and GAS decreased by 2,700 VND and 100 VND per share, respectively. VIC, VNM, BVH and CTG were coloured green when they grew 100 – 1,400 VND per share. At the end of the trading session, the VN-Index rose 6.79 points to close at 1,199.96 points. More than 252 million shares were traded, equivalent to over 7.38 trillion VND (323.2 million USD). In the VN30 basket, which measures the performance of 30 stocks with the highest market capitalisation and liquidity on HOSE, there were 11 codes recording price declines, five codes unchanged … [Read more...] about VN-Index keeps upward trend, approaching 1,200 points
NFSC report points out major challenges towards year-end
NFSC report points out major challenges towards year-endTu Hoang By Tu Hoang - The Saigon Times Daily HANOI – Exchange rate volatility and lost budget revenue are two major challenges for the economy towards the year-end as pointed out by the National Financial Supervisory Commission (NFSC) in a recent report. According to the report, the exchange rate between the U.S. dollar and Vietnam’s dong currency is under pressure due to rising demand for machinery, equipment and material imports as economic growth has led enterprises to expand operations. An interest rate spike by the U.S. Federal Reserve would cause indirect foreign investments to be pulled out of emerging market economies, including Vietnam, though the impact on Vietnam is not big. The appreciation of the greenback also piles pressure on the exchange rate. However, the report said the forex market remained stable and the dong-dollar exchange rate mainly stayed at VND21,805-21,815 in the January-July period. The … [Read more...] about NFSC report points out major challenges towards year-end
Film week commemorating 65 years of the August Revolution and the National Day 2 September
(Cinet)- The Director of the Department of Movies (the MOCST) Lai Van Sinh said that the MOCST has decided to appoint the Department of Movies to cooperate with the Vietnam Fafim company, the national Cinema, the Department of Culture, Sports and Tourism and the film company, film center and cinemas of provinces, cities to organize the film week to commemorate 65 years of August Revolution (19-8-2010) and the National Day (2-9-2010) in the whole country from August 31 to September 6, 2010. On this occasion, Vietnam Fafim Company will continue to issue some feature films: Dung Dot (Don’t Burn), Nhin Ra Bien Ca (Look at the Sea), Duoc Song (Right to Live) and Sinh Menh (Life) along with some documentary films like Buoc Ngoat (Turning Point), Tieng Vi Cam o My Lai (The Sound of the Violin in My Lai) and Cao Nguyen Da (Stone Plateau). … [Read more...] about Film week commemorating 65 years of the August Revolution and the National Day 2 September
Index heads to 500 points
Index heads to 500 pointsBy Thuy Trieu - The Saigon Times DailyThe market opened with an increase of 6.08 points as bids exceeded offers. Then, in the second matching phase, offers briefly overwhelmed bids, and although buyers returned, the market closed with a mild increase. Trade also fell sharply, as investors changed hands 16 million shares worth VND530 billion, only 39% of the trading value on Wednesday.The market saw 84 stocks gaining and 63 others falling, including 80 stocks going to the ceiling prices and 54 others tumbling to the floor prices.There were one large and some medium put-through deals on the day, including 349,100 shares of PetroVietnam Fertilizer and Chemicals (DPM), 364,000 shares of Pha Lai Thermal Power Co. (PPC), 65,700 shares of Sudico (SJS), and 50,000 shares of Saigon Securities Inc. (SSI).PPC, the biggest traded stock on bourse, rose 1.9% to VND32,500 on 815,800 shares traded, while DPM as the second most active stock rallied 2.5% to end the day at … [Read more...] about Index heads to 500 points