Markets remain mired in misery

Shares fell further on the Ho Chi Minh Stock Exchange on Nov. 28 as investors sought solace from the lacklustre market by continuing to sell.
Shares fell further on the Ho Chi Minh Stock Exchange on Nov. 28 asinvestors sought solace from the lacklustre market by continuing tosell.

The benchmark VN-Index declined by another 0.29 percentto close the day at 375.79 points, extending its losing streak to sixconsecutive sessions.

Blue chips extended their slump with a 0.49 percent decrease on the VN30 Index to close at 441.49 points.

At 591.6 billion VND ( 28.3 million USD), the value of trades wasnearly double the previous day's level but this brought little respitefor share prices.

Wood processor Duc Long Gia Lai Group (DLG)and Saigon Securities Inc (SSI) were the most active shares on thesouthern bourse during the day, with more than 700,000 shares traded oneach code.

On the Hanoi Stock Exchange, the HNX-Index scrapedto a positive in the last minutes to conclude at 51 points, up just 0.08percent on Nov. 27's level.

Trading improved with more than19.5 million shares, worth 123.6 billion VND (5.9 million USD), changinghands, up 30 percent.

Sai Gon-Hanoi Bank (SHB) was still themost active code with trades of 1.89 million shares, while SHC closedflat at 4,800 VND a share.

"Never in its history has the stockmarket experienced such a long-term decline," said Nguyen Huu Viet, headof the Research and Analysis Department under International RoyalSecurities Co.

Stock indices fell for the seventh consecutive month with sluggish trading showing demand and supply remains weak.

Viet added: "Although the fall of each session is modest, the relentless declines erode investor confidence."-VNA

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.