Trade desk software

Leaders of the Ministry of Industry and Trade, the Ministry of Public Security as well as the State Bank of Vietnam have concurred that operations of foreign exchange (forex) platforms are illegitimate, while cryptocurrencies are not methods of payment compliant with law in the nation. The statements were made during a regular government press meeting on Tuesday. According to Dao Minh Tu, Deputy Governor of the State Bank of Vietnam, foreign currency trading and derivative services can only be provided by licensed credit institutions and commercial banks. The central bank has not licensed any organization to run these services, Tu asserted. “The establishment of forex trading platforms is against the law and should be penalized accordingly,” he stated. In reality, these forex schemes are tempting new investors with promises of profit rates reaching as high as three digits. Due to the illegitimate nature of these platforms, investors will not be protected by law, Tu warned. … [Read more...] about Forex trading platforms against Vietnamese law: officials

The Hanoitimes - Vietnam rushes to prepare manpower in a goal of training 2 million people at vocational schools. The US plan to place tariffs on additional US$300 billion worth of Chinese goods has sparked the relocation of multinational companies from China to Vietnam, and such relocation plans raise the question of what Vietnam acts to accommodate influx of companies in the unpredicted trade conflicts between the world’s largest economies. Textile workers. Illustrative photo The Vietnamese government has a goal of training 2 million people in vocational schools to meet the growing demand for technical skills among multinational companies, according to CNBC. More than 90% of students trained in technical skills, such as welding or making electronics, can get hired, Professor Nguyen Quang Huy told CNBC, adding that it’s very easy to get a job, and a lot of companies need more people. The country’s middle class is growing to reach around 44 million … [Read more...] about Vietnam prepares workforce to accommodate influx of companies amid US-Sino trade war

Illustrative image (Source: VNA) Hanoi (VNA) – Import-export value of agro-forestry-fisheries products hit nearly 11 billion USD in the first two months of 2021, resulting in 1.37 billion USD in trade surplus, up 28.4 percent year on year, according to the Ministry of Agriculture and Rural Development (MARD). The ministry reported that a year-on-year rise was recorded in the export value of many products such as rubber , tea , cashew, vegetables and fruit and forestry products. In the first two months of this year, the US remained the largest market of Vietnamese agro-forestry-fisheries products with 2.04 billion USD, up 57.3 percent year on year and accounting for 33.05 percent of the market share. It was followed by China, ASEAN, the EU, Japan and the Republic of Korea. The export value of aquatic products reached 405 million USD in February, pushing the figure in the first two months of 2021 to over 1 billion USD, up 2.2 percent over the same period last year, … [Read more...] about Trade surplus from agro-forestry-fisheries hit 1.37 billion USD in two months

Meanwhile, on the Hanoi Stock Exchange (HNX), the HNX-Index made a breakthrough of nearly 3 percent. At the end of the trading session, the VN-Index inched up by 0.34 points, or 0.03 percent, to close at 1,186.95 points, with 270 gainers, 168 losers, and 64 unchanged stocks. The HNX-Index jumped 6.16 points, or 2.48 percent, to 254.1 points, with 137 gainers, 66 losers, and 57 unchanged stocks. Foreign investors continued to net sell nearly VND500 billion on the whole market. Of which, they net sold VND470 billion on the HoSE. Liquidity remained at a high level with a total trading volume of 819 million shares, worth more than VND18.1 trillion. Of which, put-through transactions accounted for nearly VND1.77 trillion. The stock market traded with caution from investors after the new General Director of the HoSE Le Hai Tra spoke in the media about a solution to prevent network congestion, which possibly is to raise the minimum round lot from 100 shares to 1,000 shares to reduce the … [Read more...] about Many solutions to prevent network congestion on HoSE

Tra fish processed for export (Photo: VNA) Hanoi (VNA) – Vietnamese enterprises should take advantage of online marketing channels, re-arrange production and business orientations and strategies, and bring into full play advantages brought by free trade agreements if they want to achieve sustainable export growth , according to insiders. Statistics of the Ministry of Industry and Trade (MoIT) shows that Vietnam’s import-export value reached 95.8 billion USD in the first two months of 2021, up 24.5 percent year-on-year. Of the total, exports were valued at 48.55 billion USD, up 23.2 percent, and imports 47.26 billion USD, up 25.9 percent. During January-February, Vietnam enjoyed a trade surplus of 1.29 billion USD, down from the 1.8 billion USD seen in the same period last year. The domestic sector posted a trade deficit of 4.14 billion USD, while the FDI sector, including crude oil, saw a trade surplus of 5.43 billion USD. At the Government’s February regular … [Read more...] about Insiders make suggestions to maintain sustainable export growth