Just strong

Stock market moves sharply higher amid strong cash flow The Saigon Times Investors watch stock information at a securities firm. The strong cash flow spurred the local stock market today, June 1 - PHOTO: VNA HCMC – The strong cash flow spurred the local stock market today, June 1, with the two indexes on the southern and northern bourses flying so high at the close. With 286 advancers and 99 decliners, the VN-Index of the Hochiminh Stock Exchange soared 14.2 points or 1.64% against last Friday to 878.67. Trading volume on the southern bourse spiked nearly 50% at 476.52 million shares and value also surged over 50% at VND7.3 trillion. Notably, more than 58 million shares were traded in block deals with a total value of over VND2.2 trillion, including some 11 million shares worth VND807 billion of housing developer VHM. Aside from the huge block deals, VHM was also among the biggest contributors to the benchmark index’s strength as it expanded 3.3% to VND79,100 per … [Read more...] about Stock market moves sharply higher amid strong cash flow

Lowland Quảng Điền District in central Thừa Thiên- Huế Province has remained flooded since Monday. — VNS Photo Phước Bửu Viet Nam News THỪA THIÊN- HUẾ — Continuous heavy rain since Sunday evening worsened the inundation in lowland areas in the central provinces of Thừa Thiên-Huế and Quảng Trị, with three people reported dead. In Thừa Thiên- Huế, water in the province’s biggest rivers of Bồ and Hương, fell to below the yellow alert level from flooding on Monday, but began rising again yesterday. Water in Hương River reached yellow alert level in the afternoon, while water in Bồ River rose faster and exceeded red alert level last night. Phan Thanh Hùng, an official in the province’s Committee for Disaster Prevention and Rescue warned schools in the Bồ River basin to remain shut, as severe floods would inundate the communes of Phong Điền, Quảng Điền, and Hương Trà again. A report by the committee said that Monday’s flooding killed three people who were commuting by boat … [Read more...] about Huế hit by fifth flood in just a month

Fish is carried from boats at Cà Ná Fishing Port in Thuận Nam District, south central province of Ninh Thuận. — VNA/VNS Photo Công Thử Viet Nam News HÀ NỘI — Việt Nam is reaping the benefits of a national strategy laid out 10 years ago to garner riches from the country’s long coastline, over 3,000 islands and abundant water areas three times the size of its land mass. In 2007, the 10th Party Central Committee ratified the Việt Nam Maritime Strategy towards 2020. The strategy, and the myriad guidelines, policies and generous investment that have followed it have turbo-charged Việt Nam ’s coastal economy, which includes tourism, fisheries, oil and gas, and other sectors reliant on the sea. However, a wide range of challenges stands in the way of the country reaching its primary targets: ensuring the sea-based economy accounts for 53-55 per cent of the country’s gross domestic product (GDP) and per capita income in coastal areas doubles the average of the whole country … [Read more...] about 10 years on, Việt Nam’s vision of strong sea-based economy faces rows of roadblocks

Investment bank Morgan Stanley calls recent reports of weaker iPhone demand "supply chain noise," and sees the AAPL pullback as a buying opportunity for investors. In a note to investors seen by AppleInsider , analyst Katy Huberty says she agrees with reports of iPhone 12 mini weakness, but adds that the overall demand environment remains positive for the iPhone 12 and iPhone 12 Pro lineup. For one, she cites reports that Apple is cutting iPhone production to 75 million units in the first half of 2021. Although Huberty admits this has contributed to recent AAPL underperformance, she says the news is "noise rather than anything that impacts the fundamental outlook." A recent Morgan Stanley check indicated that there's between three million and five million units of total iPhone build upside risk for the first half of 2021. That's because the bank's research indicates that build orders for specific iPhone 12 and iPhone 11 models are being revised up, not … [Read more...] about iPhone demand weakness just ‘noise,’ outlook remains strong, analyst says

Have you ever felt overwhelmed by the number of different username and passwords you have to remember? Recently one of our readers asked us for the best way to manage passwords for WordPress users. In this article, we will show you how to easily and securely manage passwords like a Pro with the best password management tools. Why Do You Need to Use a Password Manager? Most people have been using a couple of very easy to remember passwords for years without any problem. That’s NOT safe. As proven by a number of recent hacks across major websites, if a malicious user gain access to all this information, then they can cause serious damage. This is not just a horror story that we tell users to scare them. It is true and happens every day to hundreds of people around the globe. This is why security experts and other professionals recommend users to use STRONG and UNIQUE passwords. Now you’re probably wondering how do you remember it all when there are so many different … [Read more...] about How to Easily and Securely Manage Passwords (Beginner’s Guide)

Agro-exports amid trade war By Nguyen Dinh Bich Pomelos at a farm in Dong Nai Province. Agro-products still account for a large share of Vietnam’s export profle, at 16.6% - PHOTO: THANH HOA Vietnam’s agro-product exports have slowed down after five months of the Sino-U.S. trade war. What are the true reasons? Although the U.S. has lost the position as the top market for Vietnam’s agro-product exports held in 14 years (2001-2014), this market has remained firmly in the second position since 2015, because it is still the largest market for Vietnam’s leading agro exports, such as timber and woodwork, which account for 36-44% of the total export revenue of these commodities; cashew nuts (32-37%) and seafood (about 20%). Meanwhile, China has maintained the top position after overtaking the U.S. for the first time in 2011, and has even become the largest importer of quite a few major agro-products of Vietnam over the past many years. The country accounts for some 90% of … [Read more...] about Agro-exports amid trade war

Make-or-break moment for transit bus service The Saigon Times Daily The transit bus service is vital for any major city as it provides convenience for tourists and residents alike, ensures orderly traffic circulation, and ease pressure on urban infrastructure. It’s no wonder that HCMC has over the years mobilized huge resources to develop this form of public transport. However, despite great efforts, the commuter bus service sector has not achieved its aims, becoming increasingly unpopular among city dwellers and visitors. It is noteworthy that public buses have become more oblivious over the years. In the first half of 2018, for example, buses in the city transported 96 million passengers, making up less than one-third of the year’s target and falling 16% year-on-year, according to Lao Dong newspaper. In the past decade, the number of bus commuters has fallen sharply. It peaked in 2012 when the total number of bus passengers in HCMC reached 413 million, but ever … [Read more...] about Make-or-break moment for transit bus service

Bank stocks decline despite lenders' handsome profits By Phuong Thao HCMC – Many banks continued to report positive figures in their financial statements for the last quarter and the entire year 2018, but their stock prices on bourse still decreased today, January 16. Among 10 listed bank stocks, VCB slid around 0.89% at VND55,400 and BID lost over 0.9% at VND32,200. TCB, which replaced CTG in the second place in the top five banks by 2018 profit and became the first private bank reaching the profit level of VND10 trillion, also moved sideways at VND26,500. VPB was the only bank jumping over 3.1% at VND19,850. The lender was also in the top five though it missed the 2018 target, said tinnhanhchungkhoan.vn. The VN-Index of the Hochiminh Stock Exchange moved flat again, losing a marginal 0.98 point, or 0.11%, against the previous day at 908.7. Market breadth was neutral with 131 stocks rising versus 143 others ending lower. Turnover on the southern bourse improved strongly … [Read more...] about Bank stocks decline despite lenders’ handsome profits

VN-Index drops as selling pressure piles up By Phuong Thao HCMC – Domestic stocks saw deeper correction today, January 17, as investors hiked selling pressure amid bearish sentiment, pushing the VN-Index of the Hochiminh Stock Exchange down 6.81 points, or 0.75%, against Wednesday at 901.89. Trading value on the southern market shrank to a six-month low of around VND2.4 trillion, down 34.7% from the previous day, while volume fell 18.5% at 133.9 million shares. Of the figures, the put-through market saw 16.5 million shares worth VND546 billion traded. Eight out of the top 10 heavyweights declined on poor transaction. Lender TCB was the only stock rising 0.57% at VND26,650 while property giant VIC closed at the reference line of VND102,000. Among blue chips, lender MBB made the biggest contribution to the main index as it rose 1.5% at VND19,750. The bank ranked second by liquidity on the market with nearly 6.7 million shares exchanged. Property firm FLC still attracted huge … [Read more...] about VN-Index drops as selling pressure piles up

Investors seen in Tet holiday mode in next two weeks By Phuong Thao HCMC – Securities experts have predicted dismal trading will continue in the next two weeks, with the stock indexes treading water amid domestic investor caution. Tran Duc Anh, director of macroeconomy and market strategy at KB Vietnam Securities Company, said the market went through a boring week last week with revenue slumping and the VN-Index of the Hochiminh Stock making little change. However, it is normal for the market to become lackluster before the traditional New Year holiday, or Tet. From a technical perspective, this is a seasonal phenomenon as investors need some time to assess stock performances last year and set up investment plans for the new year. Besides, investors have stayed on the sidelines to watch developments on the global market. In general, the market has yet to see signs of an accumulation phase in the near future. For now, investors are just too cautious to join the market, the … [Read more...] about Investors seen in Tet holiday mode in next two weeks