Vietnamplus

Experts have made differing predictions about the trend of the local stock market next week, saying it remained hard to forecast as price movements have been sensitive.

Prime Minister Nguyen Xuan Phuc requested more drastic measures to prevent speculation, price increases, and market devaluation when chairing a meeting of the National Steering Committee for Price Management on April 21.

The Hoa Binh Construction Group has announced that it will spend 70 billion VND (2.94 million USD) buying back 10 million treasury shares (code HBC) from April 3 to May 2 in a bid to stabilise its stock price in the market.

The Vietnamese Government hopes to receive consultancy from the International Monetary Fund (IMF) to better its security market, price regulation and macro-economic policies, Deputy Prime Minister Vuong Dinh Hue has said.

Experts have said improving the transparency of the real estate market is critical to prevent inflated prices and ensure stable development.

Domestic and foreign experts shared their experiences in land economy during a conference jointly held by the Ministry of Natural Resources and Environment (MoNRE) and the World Bank in Hanoi on July 13.

There will be no big changes in market prices in the remaining months of this year, price management officials said at a conference on market price developments in the first half and forecasts for the whole year in Hanoi on July 3.

The domestic market remained stable in May with total revenue from goods retail sales and services exceeding 354 trillion VND (15.6 billion USD), up 1.5 percent against the previous month and 10.4 percent year-on-year. ​

The Ministry of Finance (MoF) has drafted a circular on rules and methods of collecting information and reporting market prices of some domestic goods and services.

Tra My cinnamon, a specialty of the central province of Quang Nam, has received a timely boost in the form of plans to promote investment to preserve and develop cinnamon trees.

Pepper growers in Gia Lai province are developing pepper plants from Sri Lanka, instead of local varieties, however some agricultural experts are wary of its development potential.

Vietnam exported more than 14,700 tonnes of rice worth 5.56 million USD to Russia in the first five months of this year, a year-on-year increase of 707 percent in volume and 662.6 percent in value,

The real estate market is showing signs of slowing down, despite being in a rather strong growth phase.

Cooperation between farmers and businesses has brought profit and stable output for coconut growers in the southern province of Ben Tre, which produces the most coconuts in Vietnam.

The Vietnamese market on March 1 narrowed the gap between local and global gold prices for the first time since local prices reached their peak in 2010.