VietNamNet Bridge - Steel, fiber, household-use products and electronics in Vietnam are vulnerable to anti-dumping and anti-countervailing duties imposed by other countries. Steel products are vulnerable to anti-dumping duties According to the Ministry of Industry and Trade’s (MOIT) Trade Remedy Department, some WTO-member countries have intensified the use of safeguard measures such as anti-dumping and anti-countervailing duties to restrict imports and protect local production. It cited a WTO report that said from May to October 2018, G20 member countries initiated 63 anti-dumping, 19 anti-countervailing and three safeguard investigations. The agency warned about the increase in the number of anti-dumping cases against Vietnam’s exports. As of November 2018, importers had initiated 19 investigations of products from Vietnam. The products were mostly steel, fiber, household-use products and electronics. In most cases, Vietnam’s products were judged as having … [Read more...] about Vietnam needs to be proactive in dealing with safeguard trade measures
Volatility trading strategies
IMF chief defends rate hikes after Trump slams ‘crazy’ Fed
Lagarde said world leaders should fix global trading systems instead of tearing them down. (Photo: AFP/Goh Chai Hin) Lagarde's comments came as a global market sell-off rolled on following Trump's comments, underscoring rising financial volatility that the IMF will address at its annual meetings this week in Bali. Lagarde said central bank rate increases such as those by the policy-setting US Federal Reserve were justified by fundamentals. "It is clearly a necessary development for those economies that are showing much improved growth, inflation that is picking up ... unemployment that is extremely low," she told a press briefing in Bali. "It's inevitable that central banks make the decisions that they make." Following a sharp Wall Street sell-off on Wednesday, Trump said the Federal Reserve "is making a mistake." "I think the Fed has gone crazy," he said. GATHERING CLOUDS Trump has repeatedly touted Wall Street records as proof of the success of his economic programme including his … [Read more...] about IMF chief defends rate hikes after Trump slams ‘crazy’ Fed
US wish to rejoin to cause turmoil within CPTPP?
US President Donald Trump signing the ordinance to withdraw the US from the TPP Comparing the multi-country trade agreement to a glasswork, Yoshihide Suga, Japan’s Chief Cabinet Secretary cautioned against any efforts to change it to accommodate President Trump. He told New York Times: “It is difficult to bring part of the pact and re-negotiate the CPTPP,” and called it a “well-balanced pact” that carefully addressed the needs of the current eleven member countries. Taro Aso, Japanese Minister of Finance, said he would welcome a decision by the US to explore rejoining the CPTPP. “If it is true, I would welcome it.” But he added that he needed to verify facts carefully. “Trump is a person who could change temperamentally, so he may say something different the next day,” Reuters reported. New Zealand’s Trade Minister David Parker questioned how real the engagement was, given similar comments of President Trump in Davos. … [Read more...] about US wish to rejoin to cause turmoil within CPTPP?
Shares end three day rally on fears of volatility
Shares declined for the first time in the last four trades as investors still kept a cautious view on the market outlook amid global volatility following the US-China trade tension. This was the second fall of the VN-Index in the past two weeks. The southern market index has expanded more than 4 per cent this month. - Photo thoibaonganhang.vn The benchmark VN-Index on the HCM Stock Exchange edged down 0.44 per cent on Thursday, closing at 1,167.03 points, after advancing 1.6 per cent in the previous three days. This was the second fall of this index in the past two weeks. The southern market index has expanded more than 4 per cent this month. The trading volume continued to decrease with more than 185 million shares being exchanged, down 11.2 per cent from Wednesday’s level, but value of trades increased 6.6 per cent, totaling VND6.6 trillion (US$290 million). “Continuous declining volume reflected a somewhat depressed sentiment of investors with the sluggish … [Read more...] about Shares end three day rally on fears of volatility
Trade war could cause stock volatility
A share auction held at the Ho Chi Minh Stock Exchange. - VNA/VNS Photo My Phương The VN Index on the HCM Stock Exchange fell 1.60 per cent or 18.77 points to close at 1,153.59 points, putting an end to its previous nine-session rally of total 4.3 per cent. The southern exchange index had gained total 1.9 per cent since the beginning of the week to reach its record high of 1,172.36 points on Thursday before narrowing its weekly growth to only 0.3 per cent. The minor HNX Index on the Hanoi Stock Exchange dropped 1.62 per cent to end at 131.88 points, totalling a three-day decrease of 2.5 per cent. The northern market index scored a weekly reduction of 0.9 per cent following the last three falling sessions. Average trading liquidity in each session showed an improvement compared to the previous week with more than 316.5 million shares in average being traded in each session, worth VNĐ8.43 trillion (US$375 million). The trading figures last week were up 3.6 per cent in … [Read more...] about Trade war could cause stock volatility
Market predicted to seesaw this week
Market predicted to seesaw this weekPhuong Thao By Phuong Thao - The Saigon Times Daily HCMC - Securities firms have predicted the market would seesaw in a narrow range this week or drop slightly on profit taking. Last Friday, profit takers were quite active but bids were strong enough to help the VN-Index close up 0.74% at 589.35. Meanwhile, trading value improved by 25% from the previous session thanks to sizeable put-through transactions accounting for 27% of the total trading value, including 5.5 million shares of VIC and 5.1 million shares of GMD. Large-caps such as VNM, BVH, GAS, VIC and FPT made the biggest contribution to the VN-Index’s gain. Viet Capital Securities Company said that talks on Vinamilk's (VNM) upcoming bonus share issuance at 5:1 ratio emerged, which was the major reason behind the ticker’s positive performance. "We talked to Vinamilk and found out that the ex-dividend date would be August 15 as proposed in a public filing back in May," the firm said … [Read more...] about Market predicted to seesaw this week
BUSINESS IN BRIEF 14/1
Pepper growers concern about falling pricesPepper growers are entering the harvest season of 2018 in the southeastern region of Vietnam, concerning about price fall and output reduction because of pests and diseases.Traders now pay VND65,000-66,000 a kilogram of pepper, accounting for half of the price in the same period last year.Long lasting rains last year created conditions for pests and diseases to attack pepper crop, resulting in output drop this year.According to statistics, high pepper prices in previous years sent farmers to expand farming area to 40,100 hectares in Ba Ria-Vung Tau, Dong Nai and Binh Phuoc provinces in 2017. The area far exceeds the plan of 12,800 hectares by 2020 of the Government.That has broken supply and demand balance causing continuos price reductions for the last two years. Enterprises develop fast in number, efficiency low: economic survey 2017Data from economic survey of HCMC 2017 showed that although the number of enterprises quickly develops, their … [Read more...] about BUSINESS IN BRIEF 14/1
VN Index rises for fifth straight session
Viet Nam’s benchmark VN Index rose slightly yesterday as recent growth of local stocks triggered investors to sell to make some profit.The benchmark index on the HCM Stock Exchange inched up 0.19 per cent to close at 1,050.11 points, making gains in all five trading sessions of the week with a weekly growth of 3.7 per cent.The minor HNX Index on the Ha Noi Stock Exchange fell 1.70 per cent to end at 120.76 points after increasing 0.75 per cent on Thursday.The northern market index has gone through a volatile week, growing 1.5 per cent from the previous trading week.The stock market was dominated by losing stocks, which outnumbered gainers by 275 to 217.More than 490.5 million shares were traded on the two local exchanges, worth VND11.9 trillion (US$531.5 million).Both local exchanges posted a new record high in trading value, which was up 31 per cent compared to Thursday.Trading condition among large-cap stocks was poor as 21 of the 30 largest stocks by market capitalisation in … [Read more...] about VN Index rises for fifth straight session
BUSINESS IN BRIEF 9/1
Vingroup, T&T to develop urban railway projects in HanoiThe government of Hanoi City has proposed the Prime Minister allow Vingroup and T&T Group to develop three urban railway projects which the city plans to complete by 2025, Tuoi Tre newspaper reports.The two domestic investors will use their capital to make pre-feasibility studies for these projects.When the projects were announced, many investors expressed interest in Hanoi. However, only Vingroup and T&T Group have registered to take part.Both of them proposed implementing the projects in the build-transfer (BT) format. Particularly, Vingroup registered to build the 38.4-kilometer metro line No. 5 which connects Van Cao and Hoa Lac and metro line No. 2 from Tran Hung Dao to Thuong Dinh with a length of 5.9 kilometers. Meanwhile, T&T Group is keen on metro line No. 4 connecting Me Linh, Sai Dong and Lien Ha, and measuring 54 kilometers in length.The two investors said they would use their own finances to study the … [Read more...] about BUSINESS IN BRIEF 9/1
Development Potential of Vietnam Pharmaceutical Industry
Among the Top 10 pharmaceutical companies in Vietnam, Traphaco Joint Stock Company and DHG Pharmaceutical Joint Stock Company have the strongest financial strength and achieve the highest communication scores. According to experts, the two industry-leading drug-makers have positioned their brands in the pharmaceutical market in Vietnam. According to the Top 10 Prestigious Vietnam Pharmaceutical Company Report 2017 released by Vietnam Report Joint Stock Company, the prestige of pharmaceutical companies is based on research on impacts of financial performance, corporate image in the media and valuation by industry specialists. Financial capacity is shown on the latest financial statement (total assets, total revenue, profit after tax and capital performance); communication prestige is assessed by Media Coding methodology - encoding the company's articles on influential media channels; specialist surveys; pharmacist/drugstore surveys; and business surveys conducted in December 2017 … [Read more...] about Development Potential of Vietnam Pharmaceutical Industry