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System error clogs ATC phase, VN-Index falls The Saigon Times An employee of HCMC Securities Corporation monitors stock prices on a computer screen. The VN-Index of the Hochiminh Stock Exchange lost 1.33% today, February 24 – PHOTO: THANH HOA HCMC - The VN-Index of the Hochiminh Stock Exchange lost 1.33%, or 15.63 points, on Wednesday to end at 1,162.01 points in a session that a system error clogged the at-the-close phase. The market barely fluctuated in the morning. Early in the afternoon, the VN-Index suddenly lost over 23 points to below 1,155 points. The strong cash flow then helped the benchmark index recover. However, a technical error occurred, clogging trade after 2 p.m. The southern market saw losing stocks far outnumber winners by 357 to 93. There were 603 million shares worth over VND15 trillion changing hands, falling slightly in volume and 2.6% in value against the session earlier. Among bluechips, only steelmaker HPG, lenders VIB and CTG, petroleum … [Read more...] about System error clogs ATC phase, VN-Index falls

Dragon fruit cultivation in Long An Province. Farming households in the Mekong Delta have been urged to apply hi-tech agricultural practices to develop value-added products that can enter global value chains. — VNA/VNS Photo Vũ Sinh HCM CITY — Farming households in the Cửu Long (Mekong) Delta need to apply high-tech practices to develop value-added agricultural products that can enter global value chains, Lê Minh Hoan, deputy minister of Agriculture and Rural Development, has said. Hoan said it was vital to offer incentives and loans to farmers who use sustainable and climate-friendly production processes. Millions of small-scale farming households, which are the most critically affected by climate change, need access to innovative technologies and practices as well as market information. The COVID-19 pandemic has disrupted global supply chains, posing risks to farmers and exporters of farm produce. The most affected products have been fresh fruits, vegetables and … [Read more...] about Farmers urged to use high-tech practices to enter global value chains

The Hanoitimes - The stock market will continue to be an efficient capital mobilization channel for Vietnam’s economy and a useful instrument for macroeconomic management of the government. Stable macro-economic environment and the effectiveness of the Securities Law are among favorable conditions to ensuring a strong growth for Vietnam’s stock market in 2021. Minister of Finance Dinh Tien Dung beats the ceremonial gong to open the first trading session. Photo: MoF Minister of Finance Dinh Tien Dung made the remarks at the opening of the first trading session of 2021 on January 4. “The stock market will continue to be an efficient capital mobilization channel for Vietnam’s economy and a useful instrument for macroeconomic management of the government,” stated Mr. Dung. In 2021, the finance minister expected the stock market to accelerate its restructuring efforts towards greater efficiency and transparency for sustainable development, including the … [Read more...] about Finance minister aims new height for Vietnam stock market in 2021

The Hanoitimes - Investment funds unexpectedly divested capital from Vietnam’s stock market in October. However, the local securities market is still expected to rally in November and the last quarter, driven by strong growth of large-cap stocks. According to Saigon Securities Inc (SSI), Vietnam’s stock market performed well in October with the support of the information it could become the market with the highest proportion in the MSCI Frontier Market 100 Index, up from current 12.53% to 28.76%. Large caps drove the market up. Photo: Tran Quynh. October is also the time the positive business results of the third quarter would be reflected in the share prices. The benchmark VN-Index closed October up 2.24% at 925.47 points, marking the third consecutive month of gains. The HCM City’s index was 3.7% lower than the 2019 year-end but has recovered 40.3% from the low level of 659.21 points seen on March 24 2020. Large caps drove the market up. The VN30 … [Read more...] about Large-cap stocks to boost Vietnam’s stock market by year-end

Hải Dương Province started to conduct large-scale testing for the novel coronavirus, using realtime-PCR technology from Wednesday. — VNA/VNS Photo HÀ NỘI — Nine community cases of COVID-19 were reported on Wednesday evening, all in the northern province of Hải Dương. Six cases are in Kim Liên Commune, Kim Thành District which is under lockdown. Two are in Cẩm Giàng District and were previously quarantined. One case in Thanh Hà District was detected through mass screening. All of the new patients are being treated at the second field hospital of the province. An additional 30 COVID-19 patients were given the all-clear on Wednesday evening, raising the total recoveries to 1,790. The death toll remains at 35. There have been 1,504 community infections so far, of which 820 have been reported since January 27. Among patients still under treatment, 97 have tested negative for SARS-CoV-2 once, 26 twice and 68 three times. — VNS … [Read more...] about Nine community cases reported in Hải Dương