Business

Buoyant blues bolster belief in both bourses

Shares rose on Aug. 25 on the Ho Chi Minh Stock Exchange, with the VN-Index closing up 1.25 percent on 401.65 points, led by the rebound of blue chips.
Shares rose on Aug. 25 on the Ho Chi Minh Stock Exchange, with theVN-Index closing up 1.25 percent on 401.65 points, led by the rebound ofblue chips.

Domestic gold prices declined by another 2 million VND (95 USD) per taelto 45.5 million VND (2,167 USD), with one tael being equivalent to 1.2ounces.

Seven of the 10 largest shares led by marketcapitalisation posted gains, of which property developer Vincom (VIC)was up 4 percent, PetroVietnam Finance (PVF) rose 2.4 percent,Vietinbank (CTG) increased 2 percent while others rose from 0.3-1.8percent.

Gainers outnumbered losers by 133-80 overall.

Market value increased slightly to over 505.8 billion VND (24.3 million USD), with more than 30 million shares changing hands.

Refrigeration Electrical Engineering Corp (REE), with 2.19 millionshares exchanged, became the most active stock. REE hit the daily limitof 5 percent to close at 11,600 VND (0.56 USD) a share.

Onthe Hanoi Stock Exchange, the HNX-Index gained nearly 1 percent tofinish at 69.75 points on Aug. 25. Trading value improved slightly to447.7 billion VND (21.5 million USD) on a volume of 49.7 million shares.

Advancers inched up decliners by just 117-108.

Brokerage house Kim Long's (KLS) stocks remained the mostheavily-traded nationwide with over 7.3 million shares changing hands,even though it lost 2.6 percent to close at 11,400 VND (0.55 USD).

Foreign investors became more confident, picking up a combined net buyof 89.5 billion VND (4.3 million USD) worth of shares across bothbourses./.
Follow VietnamPlus

See more

The private sector is expected to make breakthroughs for national development. (Photo: VNA)

Party official anticipates breakthroughs in private economic sector

With the Politburo set to issue a dedicated resolution on the private economic sector, there should be a reformed approach to action plans, according to Secretary of the Party Central Committee and head of Head of its Commission for Policies and Strategies Tran Luu Quang.

NCSoft and VNGGames sign a cooperation agreement to develop products in Southeast Asia. (Photo: VNG)

More RoK’s game developers target Vietnam

Over half of Vietnam's nearly 100 million population being gamers and the country's competitive labour costs are among reasons for Korean gaming firms' expanding presence in Vietnam.

Representatives from the Vietnamese Embassy in the UK, LHR leaders, airline partners, and passengers at the anniversary event (Photo: VNA)

Vietnam Airlines marks 10 years of UK route operations

Vietnam Airlines launched its direct UK route in 2011, initially operating from London Gatwick Airport (LGW) before transitioning to Heathrow in 2015, improving connectivity to one of the UK’s major international hubs./.

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.

Imported cars seen at the northern port city of Hai Phong. (Photo: VNA)

Ministry proposes tax cuts for some imported cars

This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.

Minister of Industry and Trade Nguyen Hong Dien and Deputy Prime Minister of the Republic of Belarus Anatoly Sivak sign the meeting minutes. (Photo: VNA)

Vietnam, Belarus unveil key solutions to boost trade

Vietnam and Belarus are set to deepen bilateral cooperation in all fields, particularly in economy-trade and science-technology, through their Intergovernmental Committee mechanism, affirmed Minister of Industry and Trade Nguyen Hong Dien.