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Small investors oppose expanding trading lot Ho Chi Minh City Stock Exchange (HOSE)’s proposal to raise the minimum trading lot to 1,000 shares is receiving mixed opinions from market experts and investors. The proposal was initiated by newly-appointed General Director of HOSE Le Hai Tra as a solution to reduce system overloads which have troubled traders recently. A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality, said a budding investor. “My friends and I, when joining the stock market, only have a few tens to several hundreds of millions of dong, raising the minimum trading lot to 1,000 shares will directly affect our investment capacity,” said individual investor Diep. “With expensive stocks, we may have to spend hundreds of millions of dong to buy the minimum 1,000 shares,” she said. According to Diep, the stock market has never had such a chance for growth. New cash flow into … [Read more...] about VIETNAM BUSINESS NEWS MARCH 8

Much of Vietnam Airlines’ fleet has been grounded due to the pandemic According to Le Hong Ha, deputy general director of Vietnam Airlines, the carrier has been fully aware of its responsibility to preserve and develop its products and services to both maintain the economic vein of the country and promote its golden lotus logo to bolster Vietnamese aviation and promote the nation’s culture and tourism across the world. As a bridge between regions and the world, Vietnam Airlines is committed to maximising its potentials to support domestic businesses in delivering their products to not only customers all over the country but also to numerous international friends. In 2020, Vietnam Airlines has been reaffirming its position as the top-quality airline of the nation and continuously maintained its 4-star services according to international standards. At the emergence of the pandemic, the carrier immediately applied distinct solutions to ensure safety for passengers, such as … [Read more...] about Flexibility necessary for airlines to prosper

Songs and music pieces by late musician and author Bac Son, one of the region’s leading artists in music, theatre and movies in the 1980s and 90s, can be seen on a YouTube channel. Songs and music pieces by late musician-author Bac Son, one of the region’s leading artists in music, theatre and movies in the 1980s and 90s, can be seen on a YouTube channel. Photo courtesy of the producer The channel, Tình Ca Bắc Sơn - Tập Đoàn An Nông (Bac Son’s love songs - An Nong Group), includes many works portraying southern people and their culture by artist Bac Son. Many documents and articles on the artist’s life and career are also featured. On the channel, music lovers can search Bac Son’s works arranged by topics by using key words. “Through YouTube, we hope fans, singers, composers and music producers can work together to introduce Vietnamese music and musician-author Bac Son in particular,” said theatre actress-singer Bich Thuy, one of the channel’s producers. … [Read more...] about Late musician-author Son’s art appears on YouTube

Vietnam begins COVID-19 vaccination on March 8 Vietnam launches its COVID-19 inoculation drive on March 8 morning, administering the AstraZeneca vaccine to medical workers in Hanoi, Ho Chi Minh City and northern Hai Duong province – the country’s biggest pandemic hotspot at present. The vaccination is conducted at the Central Hospital for Tropical Diseases in Hanoi, the HCM City Hospital for Tropical Diseases and two medical centres in Hai Duong. As many as 100 staff members of the Central Hospital for Tropical Diseases are expected to receive the shots in the morning of March 8. The hospital is allocated 450 doses among the first batch of 117,600 doses of AstraZeneca vaccine the country has received. In Hai Duong, 50 medical workers at Hai Duong city’s medical centre, and 30 others at Kim Thanh district’s medical centre will be the first in the province to be injected. The Ministry of Health has allocated the vaccine to 13 localities, along with the Ministry of National … [Read more...] about VIETNAM NEWS HEADLINES MARCH 8

Market Focus Vietnam webinar Le Linh Lan, Ambassador of Vietnam to Switzerland and Liechtenstein, said at a Market Focus Vietnam webinar last week that Swiss investors with comparative advantages and strengths in tech, innovation, capital, and expertise in finance, pharmaceuticals, and food manufacturing will look more to Vietnam as a safe and attractive destination for doing business in a post-pandemic world. “In addition, there is still potential in areas of trade and investment given the complementary nature of the two economies,” Lan added. Switzerland, as a member of the European Free Trade Area, has been in negotiation with Vietnam for a far-reaching free trade agreement (FTA) since 2012. “Negotiations between Vietnam and the European Free Trade Association (EFTA) have completed their 16th round,” Lan said. “We are hopeful about the possibility of the conclusion of the trade deal especially this year, when we celebrate the 50th anniversary of the establishment of … [Read more...] about Swiss investors perk up at prospects