Stock market sees positive growth in Q1

The stock market’s growth in the first quarter of 2019 was fairly positive with 15 out of the 18 sectors gaining higher scores and a strong flow of money poured into the market through exchange traded funds.
Stock market sees positive growth in Q1 ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) –
The stock market’s growthin the first quarter of 2019 was fairly positive with 15 out of the 18 sectorsgaining higher scores and a strong flow of money poured into the market throughexchange traded funds.

The statement was revealed by Dao Tuan Trung, headof the research centre at Vietinbank Securities, at a conference assessing thedevelopment prospects of Vietnam’s economy and stock market in 2019.

He forecast that the profit growth of businesseslisted on the Ho Chi Minh Stock Exchange (HOSE) will reach 7.51 percent thisyear. At the end of 2019, the VN-Index is projected to stand between 920 and950 based on the anticipation of interest rate, profit and price-to-earningsratio.

According to Nguyen Duc Thanh, Director of theInstitute for Economic and Policy Research (VEPR), Vietnam’s economyexpanded by 6.79 percent in the first three months of this year. However, it dependedheavily on foreign-invested enterprises, and the growth rate of some industriesshowed signs of slowing down, he said.

Inflation is likely to increase due to the pricehike of energy and the enactment of environmental protection taxes. Thisrequires prudent management from the State Bank of the money supply and creditgrowth in the coming time, he suggested.

General Director of FiinGroup Nguyen Quang Thuansaid the banking sector recorded impressive growth in January-March, with thenet profit of 17 banks increasing by 12 percent.

The profit prospects for businesses have goodsigns with the earnings per share (EPS) expected at about 14.5 percent in 2019and mainly from large-scale enterprises, he added. –VNA 
VNA

See more

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.

Representatives from Lao and Vietnamese agencies at the signing ceremony. (Photo: VNA)

Vietnam, Laos strengthen energy cooperation

A 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province is expected to export 1,526 kWh to Vietnam annually once its first phase completes by the end of 2027, and additionally 1,112 million kWh per year after its second phase becomes operational in 2030./

A view of the Hanoi skyline. While rental properties continue to be in demand, there has also been a notable rise in the number of foreigners looking to buy houses. (Photo: VNA)

Housing demand from foreigners in Hanoi rises

Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.

A high-tech corn, sorghum and grass farm in Nghe An province (Photo: VNA)

Realising circular economy to achieve sustainable development goals

Developing a circular economy has been recognised as one of the priority directions to achieve overarching goals such as waste management, efficient resources utilisation, environmental protection, disaster prevention, and climate change adaptation in the country's next development phase.

National Highway 61C (Photo; baohaugiang.com.vn)

Hau Giang, JICA to upgrade national highway

National Highway 61C linking Can Tho city with Hau Giang province will feature four lanes for motor vehicles and two for non-motorized traffic, with an estimated cost of over 5.17 trillion VND (206.8 million USD).