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Stock market expected to move flat this week The Saigon Times Daily An employee of HCMC Securities Corporation watches stock prices on a computer. Securities experts have predicted a negative outlook for the local stock market this week - PHOTO: THANH HOA HCMC – Securities experts have predicted a negative outlook for the local stock market this week, saying that the global fluctuations and international trade disputes will have adverse effects and make the benchmark index move flat in the next few sessions. Phan Dung Khanh, investment director of Maybank Kim Eng Securities, told tinnhanhchungkhoan.vn that there is increasing negativity observable on the stock market as its movements depend on news at home and abroad. Trade conflicts and currency war are escalating on the global market, he added. Besides this, foreign investors have increased their net selling in recent sessions, putting the stock market under pressure. The market is likely to continue the … [Read more...] about Stock market expected to move flat this week

Stock markets extend losing streaks The Saigon Times Daily Employees at a HCMC-based securities firm monitor stock prices. The local stock market suffered losses on Tuesday - PHOTO: THANH HOA HCMC – Most of bluechip stocks on both HCMC and Hanoi markets continued to put in poor performances during today’s session, extending the losing streaks of both indexes. On the Hochiminh Stock Exchange (HOSE), the number of bluechips traded in positive territory was less than 10, with only consumer goods firm MSN and construction firm ROS gaining roughly 2%. ROS also led the southern bourse by liquidity with over 11 million shares changing hands, far outperforming the runner-up, lender STB, which saw five million shares traded. Pillar stocks in various sectors, from banking, oil, and property to industrial zones and textile-garment all recorded sluggish trade, contributing to the decline of VN-Index in the HCMC market. With 107 gainers and 201 losers, the benchmark index … [Read more...] about Stock markets extend losing streaks

Prime Minister Nguyễn Xuân Phúc met on Thursday in Berlin with leading German business representatives from various fields, such as information technology, finance, healthcare, agriculture, and the high-tech industry. — VNA/VNS Photo Thống Nhất BERLIN — Prime Minister Nguyễn Xuân Phúc met on Thursday in Berlin with leading German business representatives from various fields, such as information technology, finance, healthcare, agriculture, and the high-tech industry. The PM said Việt Nam is a dynamic economy with rapid growth, a stable macro-economy, and favourable business environment, adding that the country is shifting economic growth to high-added value sectors and has joined many new-generation free trade agreements. He went on to say that Việt Nam has abundant and young human resources quick to master the latest technologies. The country is among the top 10 in the Asia-Pacific region and top 30 in the world in software outsourcing. Phúc also stressed that Germany is … [Read more...] about PM calls for more investment by leading German businesses

NA debates draft laws on property, stock exchange (28-04-2006) HA NOI — Government discussions on four draft laws continued yesterday as officials met for the second-day of the 39th meeting of the National Assembly’s Standing Committee. Debate focused on the Law on Real Estate Business; the Law on the Stock Exchange; the Law on Lawyers and the Law on Legal Aid. Director of the National Assembly’s Committee on Economics and Budget Affairs Nguyen Duc Kien said the Draft Law on the Stock Exchange stipulated principles and standards that adapted international rules and aided in the nation’s international integration process, so as to ensure the effective operation of foreign and domestic investors under the unified regulation. Delegates discussed authority over the stock exchange and securities market, with some participants indicating that they wanted to make the State Securities Committee an independent agency. Others said the Ministry of Finance should help the … [Read more...] about NA debates draft laws on property, stock exchange

National Assembly tackles power, land, finance policies (02-04-2007) Prime Minister Nguyen Tan Dung delivers a report on solving voters’ concerns. — VNA/VNS Photo Nhan Sang HA NOI — Prime Minister Nguyen Tan Dung said on Saturday the country’s first oil refinery will come online, as scheduled, in 2009. Work on the Dung Quat plant has been accelerated along with the construction of several other major energy projects, Dung said during a session of the National Assembly. The 750MW-Ca Mau Power Plant, which is expected to generate electricity in 2008, was put into "test" operation on Saturday. The Son La Hydro-Power station remains on schedule, despite difficulties relocating people to accommodate the dam’s reservoir, according to the Prime Minister. Dung said the Government had been keeping close tabs on key projects to make sure they stay on schedule and up to standards. The Prime Minister also said recent oil spills in the central and southern … [Read more...] about National Assembly tackles power, land, finance policies

Fuel stocks buoy VN-Index By Hong Ngan A man points to an electronic stock quotation board at Maybank Kim Eng Securities in HCMC - PHOTO: THANH HOA HCMC – The strong rises of oil and gas stocks and other heavyweights such as lender VCB and property firm VHM, pushed up the VN-Index of the Hochiminh Stock Exchange. The session closed with 148 stocks advancing and 128 others losing. The VN-Index stood at an intraday high of 990 points, up 0.84% against last Friday, with 163 million shares worth VND3.4 trillion traded, down 13.5% and 11.7% respectively. Of these, block deals accounted for 16.7 million shares, contributing some VND510 billion to the total value. The local stock market earlier saw no noticeable trading activities before entering the session at the start of the new week, since most investors remained highly cautious. Oil and gas stocks significantly contributed to the surge of the VN-Index, with busy trading activities during the afternoon. Fuel … [Read more...] about Fuel stocks buoy VN-Index