Yesterday business news

Danang calls for investment in 10 projects in next five years Tien Sa Port in Danang City. The city wants to call for investment in Lien Chieu Port and make the Tien Sa Port the cruise port Six of the projects have had their scales determined, with a combined investment capital of more than VND100 trillion, while the four remaining projects depend on proposals from investors. The project of building the city subway system will be the largest, with an amount up to VND54.5 trillion. The city wants to call for investment into this massive project under the Public - Private Partnership (PPP) mode. The system will follow two directions. One of them is on the East-West way, connecting the Nam O region in the Northwest, adjacent to Hai Van Pass, going through the downtown area to the An Hai Dong area (My Khe beach). Meanwhile, on the North-South way, the subway will start from the Son Tra Tinh Vien area (in Son Tra peninsula) to the vicinity of Danang airport. … [Read more...] about VIETNAM BUSINESS NEWS MARCH 6

* Globally, as of 9:42am CET, 6 March 2021, there have been 115.478.709 confirmed cases of COVID-19, including 2.568.720 deaths, reported to WHO. As of 6 March 2021, a total of 249.160.837 vaccine doses have been administered. * The Chinese mainland reported no new locally transmitted COVID-19 cases on Friday, the National Health Commission said Saturday. The total number of confirmed COVID-19 cases on the mainland reached 89,962 by Friday, including 173 patients still receiving treatment, including one in severe condition. * Japan extended a state of emergency in the Tokyo area by two weeks to try to combat COVID-19, prompting a "heartfelt apology" by Prime Minister Suga Yoshihide. * Brazil on Friday registered more than 1,600 COVID-19 deaths for the fourth day in a row, reporting 1,800 new deaths and 75,495 new cases in the past 24 hours. Brazil has so far reported a total of 10,869,227 cases with 262,770 deaths, according to official data. * Russia on Saturday reported … [Read more...] about World News in Brief: March 6

Around $200 billion is now in tumult after a succession of days of network congestion and the news about the required increase in minimum trading lot from 100 to 1,000 shares on the HCM City stock market. Nguyen Giang, owner of The Way Coffee, completed the procedure to open an account at SSI Hanoi Branch after hearing that the HCM CIty Stock Exchange (HOSE) was planning to increase the required minimum trading lot from 100 shares to 1,000 shares. The reason behind the plan, as explained by Le Hai Tra, HOSE’s CEO, was to ease the overload. However, this was not good news for many investors, including Giang. Because of Covid-19, he no longer can work as an outbound tour guide, which he did for 10 years. In 2020, he opened a street coffee shop. However, the third Covid-19 outbreak once again affected his business. Giang then decided to make financial investments as he has confidence in the bright prospects of the stock market. However, the calculations of the investor may … [Read more...] about New regulation on minimum trading lot at HOSE aims to keep small investors away

FLC of billionaire Trinh Van Quyet has seen the share price soar amid the HCM City Stock Exchange’s (HOSE) notice about the businessman’s plan to buy 15 million shares. Billionaire Trinh Van Quyet The stock exchange released a notice about the transaction of internal shareholders of FLG Group, under which Quyet, FLC president, has successfully bought 15 million FLC shares as registered. The transaction was carried out under the mode of order matching on February 4-March 3. As such, Quyet bought shares at the price of VND6,500 per share. At the March 3 trading session, FLC share saw the price increase by another 7 percent to VND6,520 per share. FLC share price hit the ceiling level while investors have been stirred up by the news about the policy on expanding trading lots to 1,000 units instead of 100 units, mentioned by HOSE’s head, Le Hai Tra, as a solution to the order congestion recently. Some analysts said with the policy, small investors with small capital won’t … [Read more...] about Billionaire concludes major deal

Preliminary processing of hydroponic vegetables at the Tuan Ngoc Agriculture Cooperative in HCM City’s District 9. (Photo: VNA) HCM City (VNS/VNA) - Many agricultural cooperatives have achieved high safety standards and quality in recent years thanks to their increasing adoption of technology, enabling them to achieve sustainability and improve farmers’ incomes . According to Lam Ngoc Tuan, Chairman of the Tuan Ngoc Agriculture Cooperative in Ho Chi Minh City’s District 9, his members use hydroponic vegetable cultivation techniques and achieve high yields, are not afraid of inundation during rains and high tides, grow plants evenly compared to those grown in soil, and plant the next crop right after harvest without waiting to prepare soil, increasing the number of crops in a year. The average yield of hydroponic vegetables is 500 million VND (21.500 USD) per hectare per year, 45 percent higher than soil. Experts say new technologies are key to advancing the … [Read more...] about Agricultural cooperatives benefit hugely from investment in technology: experts