Vietnamese e commerce market

The Vietnamese stock market faces a successful year in terms of size and quality Stable development Tran Van Dung, chairman of the State Securities Commission of Vietnam, said Vietnam’s stock market plummeted at the beginning of 2020 as the Covid-19 pandemic pushed foreign investors into the net short position. But the market recovered in the final months of the year, with the VN-Index rising 14.9 percent compared to the beginning of 2020 and 67 percent against the rock bottom recorded in late March. The liquidity of the stock market improved significantly to an average trading value of nearly VND7.4 trillion, with the November and December average at VND10 trillion and VND14.8 trillion per trading session, respectively. The capitalization of Vietnam’s stock market also climbed to 84.3 percent of gross domestic product (GDP). Total capital raised through the stock market hit VND384 trillion in 2020, a year-on-year increase of 20 percent. About 84 percent of large-scale … [Read more...] about Vietnam’s stock market offers new opportunities

The Hanoitimes - The daily turnover in Vietnam’s stock market has been extremely high for the last several months, said the head of independent Finish fund manager Pyn Elite Fund. Vietnamese listed companies’ first quarter earnings reports in April will indicate strong earnings growth for many businesses in the year 2021. Petri Derying, portfolio manager of Finland-based Pyn Elite Fund. Source: arvopaperi.fi Petri Derying, portfolio manager of Finland-based Pyn Elite Fund, wrote in a note, discussing the prospect of Vietnam’s economy this year. “Covid crisis is still slowing down many economies, but it is likely, that in the year 2021 we will see strong growth globally due to last year’s poor numbers,” said Derying. According to Derying, there is already evidence of the robust growth in Vietnam’s exports in the first six weeks of the year with a turnover of US$38.57 billion, up 36% year-on-year. “These numbers indicate very strong growth for the whole … [Read more...] about Listed companies’ strong performance in Q1 indicates bright outlook in 2021

Export value skyrockets over Lunar New Year Vietnam's export turnover during this Lunar New Year saw breakthrough growth, occupying nearly half of the total export-import turnover. The latest data published by the General Department of Vietnam Customs showed that export volume over the seven days (February 10-16) of the Lunar New Year holiday reached $730 million, rising 79 per cent on-year and accounting for about 44 per cent of the $1.67 billion export-import turnover. The main export articles include mobile devices and components valued at $332 million; computer and electronic products worth $251 million. The two categories accounted for 80 per cent of the total export value. This Lunar New Year saw exports going to 80 markets, seven more than last year. China continues to be the leading export market with a value of $189 million (26 per cent). Following are the US ($152 million), South Korea ($67 million), and Hong Kong ($57 million). According to statistics from the … [Read more...] about VIETNAM BUSINESS NEWS FEB. 28

Vietnam has no COVID-19 case to report on February 28 morning Vietnam saw no new COVID-19 case over the past 12 hours to 6am February 28, making the national tally unchanged at 2,432, according to the National Steering Committee for COVID-19 Prevention and Control. Among the total, 1,530 were locally infected, including 837 cases since January 27. A total 1,844 COVID-19 patients have recovered so far, and the death toll remains at 35. Among those still under treatment, 32 have tested negative for SARS-CoV-2 once, 50 twice and 100 thrice. By February 27 afternoon, 10 provinces and cities had gone through 14 consecutive days without new locally-infected cases of COVID-19. As many as 63,054 people who had close contact with confirmed patients or returned from pandemic-hit regions are being quarantine across the country./. First Vietnam medical achievement award calls 16 winners The Voice of Ho Chi Minh City (VOH), the local official radio broadcasting … [Read more...] about VIETNAM NEWS HEADLINES FEB. 28

This comment was made by Outbox Consulting - a company specialising in providing in-depth research and consulting solutions for the tourism and hospitality sectors in Vietnam in a report on Vietnam’s Travel Trends in 2021, announced on February 24. Changing travel habits Before COVID-19, exploring a crowded city, strolling through bustling markets, enjoying dinner at a bistro brimming with locals, or touring major attractions were Vietnamese tourists’ favourite activities. However, as the epidemic has still been fully resolved, tourists are now giving their top priority to their safety in the new situation. Therefore, socially distant travel is expected to be the trend once again in 2021. Travelers will select sparsely populated areas nearby so that they can set plans and tours that align with their travel demands and ensure protection from the pandemic. Vietnamese tourists often spend 2-3 days, especially weekends or short holidays, travelling to domestic destinations. This … [Read more...] about Travelling to nearby, safe destinations: the main tourism trend in Vietnam in 2021