Vietnamplus

Pharmaceutical enterprises have reported strong business results in the third quarter of 2022, with some even achieving record-high profits.

Even though rubber export volume advanced by 6% year-on-year in the third quarter of 2022, according to calculations from the General Department of Customs, export value saw a decline of about 2% because of lower rubber prices.

The Vietnamese stock market has just closed the first half of a rough November with a forgettable session. Selling force weighed on most of the industry groups, with the whole market recording nearly 400 stocks hitting floor prices.

The US International Development Finance Corporation (DFC) and the Southeast Asia Commercial Joint Stock Bank (SeABank) officially signed a loan agreement worth 200 million USD.

The Stock Exchange of Thailand (SET) teams up with the country;s Ministry of Foreign Affairs and capital market partners – Bangchak Group, SCG, and PTT Oil and Retail Business pcl (OR) - to promote “Care the Bear” project at APEC Economic Leaders’ Week Media Center, in their collaborative efforts to achieve low carbon society and make the media center carbon neutral.

On the stock market, domestic investors opened 96,427 new accounts in October, a slight decrease month-on-month, data from the Vietnam Securities Depository (VSD) showed.

The Vietnam Stock Exchange (VNX) has applied for membership of the World Federation of Exchanges (WFE) in replacement of the Ho Chi Minh Stock Exchange (HOSE).

Many stocks unexpectedly received a large amount of capital inflows from foreign investors, especially some banking stocks, even though the market went down in October.

Saigon Telecom Technology Joint Stock Company (SAIGONTEL) on November 2 began construction of three industrial clusters in the northern province of Thai Nguyen.

The Hanoi Stock Exchange (HNX) held 30 auctions of Government bonds (G-bonds) in October, with 55.66% of the total G-bonds on offer, worth 31.45 trillion VND (1.26 billion USD) sold.

Vietnam’s outbound investment, including both newly-registered and adjusted capital, exceeded 450 million USD in the first 10 months of this year, equivalent to nearly 70% of the figure recorded in the same period last year.

Macroeconomic stability will be a good foundation for developing the stock market, Deputy Minister of Finance Nguyen Duc Chi said at the Government’s regular press conference on October 29 in Hanoi.

A Facebook account owner in Hanoi was sentenced on October 27 to two years in prison for posting false information that affected businesses and harmed the stock market.

A huge amount of expired corporate bonds due for payment in the last months of this year and the whole of 2023 and 2024 are putting great pressure on issuers.

The one-million-tonne Thi Vai LNG storage project invested by Petrovietnam Gas Joint Stock Corporation (PV GAS) has reached 97.08% of the progress, with a total safe time of more than 2.73 million hours and no occupational accidents during project implementation.

Last week, the State Bank of Vietnam decided to put Saigon Joint Stock Commercial Bank (SCB) under special control and revamped the bank’s management to help the bank stabilize its operation, but analysts said the recent problem at SCB does not have any potential consequences on the banking system.

The first-ever research project on stem cells in Da Nang and the central region has been given approval from Da Nang Hi-Tech Park and Industrial Zones Authorities, making a crucial step in turning the city into a centre of biological research.

The orientation of foreign capital flows pouring into Vietnam is heavily influenced by global factors.

Vietnam’s economy is on a growth trend driven by an opening up to foreign capital while the stock market is growing rapidly and offers attractive returns for a lower entry price than other Asian markets, said an article recently published on Luxembourg’s newswire delano.lu.

The Ho Chi Minh Stock Exchange (HOSE) recently announced the market share of brokerage transaction value in the third quarter of 2022. And there are big changes among the top 10.