HCM City officials commemorate war martyrs (Source: http://plo.vn) HCM City (VNA) – A delegation of representatives from the Party Committee, People’s Council, People’s Committee, Vietnam Fatherland Front and armed forces of Ho Chi Minh City paid tribute to war heroes and fallen soldiers at the city’s war martyr cemetery on February 9. This is an annual activity of the city’s administration on the occasion of the traditional Lunar New Year festival to express gratitude to those who sacrificed their lives for national independence and freedom, and made contributions to national development. The delegation, led by Politburo member and Secretary of the municipal Party Committee Nguyen Thien Nhan, also offered incense and flowers at the city cemetery. Similar commemoration ceremonies are taking place across the country as Tet is approaching, in line with the time-honoured tradition of worshipping ancestors and honouring those who made contributions to the … [Read more...] about HCM City officials commemorate war martyrs
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Screens show share prices at VNDirect Securities Corporation. The firm's IPA Asset Management and other investment funds in Vietnam are eyeing further improvement in 2020 (Photo: tbck.vn) Hanoi (VNS/VNA) - Open-end funds in Vietnam are looking forward to better performance in 2020 as more investors seek assistance from funds’ products and services. The number of investors opening new accounts at open-end funds in Vietnam was 35,000 at the end of September, according to the Vietnam Securities Depository (VSD). Meanwhile, only 900 accounts were closed. The total number of trading accounts at open-end funds in Vietnam as of September 30, 2019 was 110,000 – which was 12 times the figure recorded four years ago. The total number of active funds in Vietnam was 28. In 2019, six new funds were set up. Most investors are domestic individuals. More than 720 accounts belong to foreign individual investors. In addition, nearly 100 foreign institutional investors and more than 220 … [Read more...] about Open-end funds expect stronger performance in 2020
A Vietcombank office. The bank's stock were among the large-caps that fell on Monday. — Photo vietcombank.com.vn HÀ NỘI — Vietnamese shares slipped on Monday as investors continued seeking profits from previous gains made by large-caps. The benchmark VN-Index on the Hồ CHí Minh Stock Exchange dropped 0.70 per cent to close at 1,002.91points. Việt Nam’s benchmark index closed down 1.2 per cent last week. More than 184.3 million shares were traded on the southern bourse, worth VNĐ4.2 trillion (US$181.5 million). Declining stocks outnumbered gainers by 197 to 132, indicating relatively strong selling pressure. The stock market was under large-scale selling pressure and the VN-Index was pushed back near 1,000 points. The benchmark VN-Index lost in four of all five trading days last week after having approached the 1,025-point level on November 6. According to analysts, the 1,025-point zone would be a very … [Read more...] about Local stocks keep falling on profit earning
Growing economic interest in the South China Sea has led the European Union and its member states to pay more attention to the region, according to an Italian expert. Dr. Nicola Casarini, Senior Fellow and Head of Asia Research at the Institute of International Affairs attends the 11th South China Sea International Conference which opened in Hanoi on November 6 Nicola Casarini, Senior Fellow and Head of Asia Research at the Institute of International Affairs (IAI) in Rome told Dantri/DTiNews Newspaper on the sidelines of the 11th South China Sea International Conference which opened in Hanoi on November 6 that economic interest was one reason for the EU's rising interest in the South China Sea region. "China is the European Union’s second largest trading partner, and ASEAN is the third. But for ASEAN, the European Union is the second-largest trading partner after China. Because of the great economic interest, Europe and its member states are looking more and more to the … [Read more...] about Europe steps up security presence in South China Sea
The CBU (complete built unit) imports to Vietnam in the first seven months of the year were five times higher in number than in the same period last year. Minister and Chair of the Government Office Mai Tien Dung has said that the government will soon amend Decree 116/2017 on conditions to manufacture, assemble, import and trade cars and maintenance services. It is expected that provisions related to car imports will be removed. Instead of examining cars by consignments as currently regulated, the government would amend the legal document, so that imports would be examined by vehicle type, while pre-customs clearance examinations would be replaced by post examination. Car importers believe that once the decree is amended, it will be easier for CBU imports to enter Vietnam. According to a representative of Thaco, ‘examination by type’ means that state agencies will take samples to test emissions and safety, and the results of the tests will be applied to the next … [Read more...] about Will car imports ‘crush’ domestically assembled cars?