VN-Index breaks over 1,200 points for the 1st time in 5 months
On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index increased for the fourth straight day, up nearly 4 points, or 0.33 per cent, to 1,202.5 points. The VN30-Index, which tracks the 30 biggest stocks on HoSE, also finished higher at 1,217.12 points, a 4.42 points increase, or 0.36 per cent. Data compiled by a financial website vietstock.vn showed that bank stocks dominated the market's rallies today. It was followed by MBBank (MBB), Vietnam Maritime Commercial Joint Stock Bank (MSB), Orient Commercial Joint Stock Bank (OCB), VPBank (VPB) and Vietnam International Commercial Joint Stock Bank (VIB). Of which, Asia Commercial Joint Stock Bank (ACB) posted the biggest loss of 2.86 per cent.
Source:Viet Nam News
February 15, 2024 13:52 UTC
Trend Micro Discovers Actively Exploited Vulnerability Affecting Millions of Users: Customers Already Protected
Trend estimates that customers who applied all virtual patches in 2023 saved an average of $1M for their enterprise. "When a new zero-day vulnerability is discovered, Trend responsibly discloses to the vendor. Trend customers then benefit from virtual patching to protect their systems from exploitation until an official patch can be applied. About Trend MicroTrend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world.
Source:Viet Nam News
February 15, 2024 09:43 UTC
VIETNAM NEWS HEADLINES FEBRUARY 15/2024
He led the nation to success in the struggle for national independence and in establishing the Democratic Republic of Vietnam (now the Socialist Republic of Vietnam) following the August Revolution in 1945. “Vietnam has opportunities in international integration, digital transformation, green growth, circular economy and sustainable development goals. Vietnam committed to combat illegal trade of small arms, light weaponsThe Government of Vietnam comprehensively manages the production, use, and transportation of weapons according to Vietnam law, Deputy Permanent Representative of Vietnam to the United Nations (UN) Minister Counsellor Le Thi Minh Thoa has said. She held that there remain numerous challenges to the realisation of the social development and social justice target due to limited resources. The number of tourists coming to Ha Long by sea is forecast to recover, with nearly 60 cruise ships registered to dock at Ha Long International Cruise Port.
Source:Viet Nam News
February 15, 2024 07:37 UTC
New policy may have adverse impacts on bancassurance
HÀ NỘI — A new regulation on banning commercial banks from selling insurance together with banking services will negatively affect banks’ bancassurance revenue in the future, some analysts have claimed. According to analysts from the MB Securities Company, with the passing of the law, bancassurance activities will be more strictly managed, which will cause the growth rate of income from bancassurance of banks to decline compared to the 2019-21 period. Sharing the same view, Yuanta Vietnam Securities Company’s analysts also believe the new regulation will greatly affect banks whose fee income mainly comes from bancassurance. In fact, revenue from selling insurance through banks (bancassurance) decreased sharply in the first nine months of 2023. At the same time, bancassurance business last year was also less positive as people's income decreased due to economic difficulties.
Source:Viet Nam News
February 15, 2024 06:32 UTC
Securities companies bullish on Vietnamese stock market
HÀ NỘI Securities companies still feel optimistic about 2024 and believe that the VN-Index will return close to its historical peak. VNDirect Securities also expresses an optimistic outlook for the market in 2024, with expectations that the VN-Index could reach the 1,400-1,450-point range. However, the growth of the stock market in 2024 will be different from 2023. Also in 2023, the management of public companies, securities companies, fund management companies, and securities investment funds continued to be strengthened. The Chairwoman of the State Securities Commission stated that the stock market in 2024 would be supported by positive factors.
Source:Viet Nam News
February 14, 2024 22:52 UTC
Sahm Capital Becomes Gold Sponsor of SCMF 2024
RIYADH, SAUDI ARABIA - Media OutReach Newswire - 14 February 2024 - T Riyadh, Saudi Arabia Sahm Capital Financial Company (previously known as VCFC), a leading brokerage firm licensed by Saudi Capital Market Authority (22251-25), has announced its sponsorship of the Saudi Capital Market Forum (SCMF). said Hadeel Bedeeri, General Manager of Sahm Capital.Registered in Riyadh, Sahm Capital is a venture company of Valuable Capital Group Ltd (VCGL) and eWTP Arabia Capital. In October 2023, Sahm Capital received licenses from the Capital Market Authority (CMA) to conduct Dealing, Advising, and Custody services in KSA, making it the first international online brokerage firm to provide online brokerage services in KSA.In December 2023, Sahm Capital launched its online trading app, Sahm. About Sahm CapitalRegistered in Riyadh, Sahm Capital (previously known as VCFC) is a joint venture company of Valuable Capital Group Ltd and eWTP Arabia Capital. Sahm Capital is also a member of Mena Fintech Association and Middle East Africa and Asia Crypto and Blockchain Association (MEAACBA).
Source:Viet Nam News
February 14, 2024 13:56 UTC
Vietnamese Government ranked 39th in AI readiness: Report
Illustration photoHanoi (VNS/VNA) — The Vietnamese Government ranked 39th out of 193 countries in terms of artificial intelligence (AI) readiness on a 2023 report by the UK-based Oxford Insights. This marks a significant jump for Vietnam's AI readiness. With a total AI readiness score of 54.48, Vietnam ranks at 9th place within the East Asia region. On January 26, 2021, Vietnamese Prime Minister issued a decision on the "National Strategy for Research, Development, and Application of Artificial Intelligence until 2030." By 2030, Vietnam aspires to be one of the top four nations in ASEAN and among the top 50 globally in the realm of AI research, development and application.
Source:Viet Nam News
February 14, 2024 11:27 UTC
Connecting local stores on e-commerce platforms
HÀ NỘI — Witnessing difficulties facing businesses, and in order to fully promote the effectiveness of e-commerce channels, the Centre for Information and Digital Technology under the Việt Nam E-commerce and Digital Economy Agency, Ministry of Industry and Trade, has been connecting local departments, agencies and branches with e-commerce platforms and e-commerce service providers to deploy the Flagship Store model of local stalls on e-commerce platforms. According to a representative of the Centre for Information and Digital Technology, this is also a solution within the GoOnline national e-commerce application programme, chaired by the Việt Nam E-commerce and Digital Economy Agency in co-operation with major e-commerce platforms. The programme is aimed at all small and medium-sized businesses that need to develop sales on e-commerce platforms, from common essential products to specific products. In addition, the programme expects to support businesses with potential products but having difficulty in personnel or costs to expand sales channels via e-commerce platforms. In the near future, the Centre for Information and Digital Technology expects to deploy the Flagship Store on the e-commerce platforms Shopee and Lazada.
Source:Viet Nam News
February 14, 2024 03:44 UTC
Enterprises, authorities move to bolster industrial production
HÀ NỘI — Vietnamese enterprises and authorities are taking action right from the start of 2024 to promote industrial production though many challenges remain in the global economy. The General Statistics Office (GSO) reported that the Index of Industrial Production (IIP) in January fell 4.4% month on month but still went up 18.3% year on year. In particular, the processing - manufacturing sector expanded 19.3% from a year earlier, contributing 15.1 percentage points to the overall growth. It will accelerate the completion and inauguration of new industrial production projects to serve export and domestic consumption, he went on. The province will also effectively step up dialogue with, and assistance for enterprises to recover and boost industrial growth, according to local authorities.
Source:Viet Nam News
February 13, 2024 15:55 UTC
Vietnam prioritises building inclusive, equal, resilient society: diplomat
Minister Counsellor Le Thi Minh Thoa, Deputy Permanent Representative of Vietnam to the UN, speaks at the 62nd session of the UN Commission for Social Development on February 12. (Photo: VNA)– A diplomat of Vietnam has emphasised the country’s priority of building an inclusive, equal, and resilient society where no one is left behind while addressing the 62nd session of the United Nations Commission for Social Development on February 12.The session from February 5 to 14, themed “Fostering social development and social justice through social policies to accelerate progress on the implementation of the 2030 Agenda for Sustainable Development and to achieve the overarching goal of poverty eradication”, saw the presence of representatives of UN member states and relevant international organisations.In her remarks, Minister Counsellor Le Thi Minh Thoa, Deputy Permanent Representative of Vietnam to the UN, reaffirmed the country’s strong commitment to the implementation of the 2030 Agenda for Sustainable Development and underlined its priority of building an inclusive, equal, and resilient society where no one is left behind.Basing on that orientation, Vietnam has carried out a number of policies on education, social security, and poverty elimination, thereby obtaining such results as reducing the multidimensional household poverty rate to 4.3% in 2022, raising the average income of poor households by 230%, and increasing the rates of literate people and school-age children attending school to over 90%, she noted.Besides, Thoa added, Vietnam pledges not to pursue economic growth at the expense of the environment but make persistent efforts to achieve the target of net zero emissions by 2050, especially its participation in and implementation of the Just Energy Transition Partnership (JETP).She held that there remain numerous challenges to the realisation of the social development and social justice target due to limited resources. This requires international cooperation be enhanced in building capacity and giving technical support for developing countries like Vietnam so as to promote efforts towards the common target of social development and social justice.At the session, many participants shared the view that the process of promoting social development and social justice is being affected considerably by such global challenges as conflicts, climate change, and economic uncertainties.Given this, it is necessary to step up national and international efforts to increase the provision of core social services, social security, and high-quality health and educational services with reasonable costs for all people, they said./.
Source:Viet Nam News
February 13, 2024 12:10 UTC
Vietnamese SMEs thrive on Amazon, export growing 50%
According to the "Vietnam’s SMEs Empowerment" report, during the 12 months ending on August 31, 2023, Vietnamese selling partners collectively sold over 17 million products on Amazon, achieving an impressive 50 per cent year-on-year export value growth. The overall export value of Vietnamese selling partners on Amazon witnessed an impressive year-on-year growth of over 50 per cent, with the number of partners surpassing US$100,000 in sales increasing by 70 per cent. Cross-border e-commerce emerged as a crucial factor in the export success of Vietnamese businesses, with the number of selling partners on Amazon's platform increasing by more than 40 per cent. Vietnamese selling partners leveraged Amazon's tools, programmes, and services to achieve significant growth. Gijae Seong, Head of Amazon Global Selling Vietnam, expressed his enthusiasm for the sustainable growth of Vietnamese entrepreneurs and manufacturers, emphasising the vital role of SMEs in the local economy.
Source:Viet Nam News
February 13, 2024 08:37 UTC
ONYX Hospitality Group Unveils Landmark Sustainability Initiatives: A Long-Term Commitment to Collaborate with UNESCO for Cultural Sustainability and Ambitious Target of Achieving Carbon Neutrality
These ambitious goals align seamlessly with the unveiling of new sustainability initiatives, reinforcing ONYX Hospitality Group's dedication to a "Tailored Approach to Hospitality." In this pursuit, ONYX Hospitality Group is not just shaping the present but envisaging a future where succeeding generations can enjoy the same travel privileges. This approach enables travellers to connect with the destination and its local community on a more profound level. As part of this collaboration, ONYX Hospitality Group hosted the official launch event with UNESCO on 3February 2024, at Amari Bangkok.In addition, ONYX Hospitality Group embarks on a pioneering initiative with WWF Thailand through the Sustainable Consumption and Production Project. In 2023, 11 properties under the management of ONYX Hospitality Group attained Carbon Footprint for Organization certification from the Thailand Greenhouse Gas Management Organization (TGO), signifying a noteworthy milestone.
Source:Viet Nam News
February 13, 2024 04:16 UTC
VIETNAM NEWS HEADLINES FEBRUARY 13/2024
During meetings, Secretary of Thu Duc City Party Committee Nguyen Huu Hiep repeatedly emphasized Thu Duc City has flexibly applied the resolution to make breakthroughs. In addition, Thu Duc City has merged the Cultural Center with the Sports Center into the Cultural and Sports Center. The head of Thu Duc City government affirmed that all activities of Thu Duc City revolve around the goal of building a civilized, modern Thu Duc City with a good quality of life. Many social housing projects and worker accommodation projects to rent in Thu Duc City have gradually been completed. In the first phase, Thu Duc City received nearly 370 works and projects in all fields.
Source:Viet Nam News
February 13, 2024 04:05 UTC
Deputy FM attends 7th Indian Ocean Conference
HÀ NỘI — Permanent Deputy Minister of Foreign Affairs Nguyễn Minh Vũ has highlighted the need to build a common vision towards stability, sustainability and connectivity across seas and oceans, including the Indian Ocean, the Pacific Ocean and the East Sea (known internationally as the South China Sea), while addressing the recent seventh Indian Ocean Conference (IOC) in Perth, Australia. Co-chaired by Australian Foreign Minister Penny Wong and her Indian counterpart Subrahmanyam Jaishankar on February 9-10, the conference attracted the participation of leaders, senior officials, researchers and scholars from over 30 countries and international organisations inside and outside the region. Within the framework of the event, the Vietnamese official had meetings with the Minister of Foreign Affairs of Madagascar, the UK Minister of State for Indo-Pacific, Deputy Foreign Ministers of Australia, Maldives and Japan, and the Secretary General of the Gulf Cooperation Council and representatives of some ASEAN countries. At a meeting with Roger Cook, the premier of Western Australia state, Deputy Minister Vũ asked the premier to continue facilitating the integration of Vietnamese working and studying in the state, and proposed speedier visa granting procedures for Vietnamese businesspeople, skilled workers and students. The two sides expressed satisfaction at the positive developments in relations between Vietnamese localities and Western Australia, particularly the opening of a direct air route between Hồ Chí Minh City and Perth in January 2024 and an Invest and Trade Representative Office of Western Australia in HCM City in March 2023.
Source:Viet Nam News
February 12, 2024 23:59 UTC
2023 - a highlight in Vietnam-Saudi Arabia relations: Ambassador
Prime Minister Pham Minh Chinh receives Saudi Arabian Ambassador Mohammed Ismaeil A. DahlwyThe year 2023 marked a bright spot in the Vietnam-Saudi Arabia relations with regular exchanges of delegations at all levels, and fruitful meetings between leaders of the two countries, Saudi Arabian Ambassador to Vietnam Mohammed Ismaeil A. Dahlwy said.In an interview granted to the Vietnam News Agency on the occasion of the Lunar New Year 2024, he laid stress on the visit by Prime Minister Pham Minh Chinh and his entourage to Saudi Arabia last October, affirming that it has helped elevate the bilateral ties, and positively contributed to connecting the Association of the Southeast Asian Nations ( ASEAN ) and the Gulf Cooperation Council ( GCC ).During the visit, the first working trip of a Vietnamese Prime Minister to Saudi Arabia and the second of a Vietnamese high-level leader in 13 years, the two sides organised the Vietnam – Saudi Arabia business forum, and signed five cooperative documents in the areas of judiciary, foreign affairs, crime prevention, tourism and trade promotion, helping complete legal frameworks and create favourable conditions for future bilateral cooperation, the ambassador noted.According to him, Saudi Arabia attaches importance to developing collaborative ties with Vietnam in various fields, which is reflected through the working trip to Vietnam by Minister of Tourism Ahmed Mibin Aqeel-Khateeb, and successful organisation of the Vietnam – Saudi Arabia business forum and the fifth meeting of the Vietnam – Saudi Arabia Intergovernmental Committee.He added that both sides worked closely and supported each other at the regional and international forums, while negotiating various agreements to shape up a foundation to consolidate the bilateral relations.In particular, economic cooperation was a highlight in the ties in 2023, with Saudi Arabia being Vietnam’s leading economic partner in the Middle East and two-way trade reaching 2.68 billion USD, the diplomat said.Building on the achievements that the two nations have carved out over years, the Saudi Arabian Embassy will continue to consolidate the existing cooperation mechanisms, promote the exchange of delegations at all levels, and serve as a bridge to connect the two peoples.This year, the embassy will organise a series of activities to mark the 25th anniversary of diplomatic relations between the two countries (October 21, 1999-2024) with culture and art exchanges, exhibitions, and trade promotion events on schedule.Expressing his hope that the year 2024 will bring Vietnam new achievements, he wished Vietnam will stay strong and prosperous, and develop strongly to become one of the "economic dragons" in the region.He said he wants to make further contributions to the Vietnam – Saudi Arabia cooperation in the time ahead./.
Source:Viet Nam News
February 12, 2024 22:57 UTC