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Stock market briefs

14-Mar-2020 Intellasia | The SaigonTimes | 6:02 AM

Son Ha International JSC (SHI) on March 12 signed a cooperation agreement with Hanoi Power Corporation (EVN Hanoi) to develop rooftop solar power. EVN Hanoi will assist SHI [...]
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VN pharma landscape set for shake-up

14-Mar-2020 Intellasia | Vietnamnet | 6:02 AM

Facing significant expansion from multinational corporations, Vietnamese drug giants took a hit in 2019 despite new strategies, signalling an uninspiring outlook for future [...]
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Hanoi’s 2020 economic growth projected to slow to 6.42pct in worst scenario

14-Mar-2020 Intellasia | HanoiTimes | 6:02 AM

Hanoi, however, remains firm on reaching the GRDP growth target of at least 7.5 percent in 2020. In the worst scenario where the Covid-19 epidemic persists until the second [...]
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Nafoods to offer stocks to foreign shareholder at half price

14-Mar-2020 Intellasia | VIR | 6:02 AM

Nafoods Group JSC (HSX-NAF) has consulted shareholders in writing about the private issuance of 905,950 NAF shares to existing foreign shareholder Endurance Vietnam Capital I [...]
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State-owned groups, general corporations report big losses due to Covid-19

14-Mar-2020 Intellasia | Vietnamnet | 6:02 AM

Enterprises in the transport sector have suffered the most from the epidemic. The Commission for the Management of State Capital at Enterprises (CMSC), or ‘super [...]
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Alcohol industry calls for government help

14-Mar-2020 Intellasia | VNS | 6:02 AM

The high consumption of beer in Vietnam has previously attracted brewers to cash in. But now, the Vietnam Beer Alcohol Beverage Association (VBA) is asking the government for [...]
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Reference exchange rate up 15 VND on March 13

14-Mar-2020 Intellasia | VNA | 6:02 AM

The State Bank of Vietnam set the daily reference exchange rate at 23,212 VND per USD on March 13, up 15 VND from the previous day. With the current trading band of +/-3 [...]
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Shares tumble over WHO declaration of COVID-19 pandemic

14-Mar-2020 Intellasia | VNS | 6:02 AM

Shares suffered a steep fall on Thursday as investor pessimism mounted after the World Health Organization (WHO) declared COVID-19 as a pandemic. On the Ho Chi Minh Stock [...]
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Textile and garment firm sets higher earnings targets for 2020

14-Mar-2020 Intellasia | VNS | 6:02 AM

The Century Synthetic Fiber Corporation (HoSE: STK) is targeting a 9-13 per cent annual increase in total revenue and post-tax profit for 2020. Revenue and post-tax profit in [...]
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Hanoi may lose up to $700 million in state budget revenue on Covid-19

14-Mar-2020 Intellasia | HanoiTimes | 6:02 AM

To mitigate negative impacts from the epidemic, the local tax authority said it would continue to reform administrative procedures and adopt e-tax payment scheme. Amid [...]
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Government earns more than VND3 trillion from latest bond sales

14-Mar-2020 Intellasia | The SaigonTimes | 6:02 AM

The State Treasury of Vietnam has raised VND3.12 trillion (US$134 million) worth of government bonds at a recent auction on the Hanoi Stock Exchange. The agency offered [...]
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Market crashes over pandemic fears

14-Mar-2020 Intellasia | The SaigonTimes | 6:02 AM

The local stock market continued crashing today, March 12, as investors were alarmed with the widespread of the Covid-19 disease around the world, pushing the benchmark VN [...]
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Qualcomm Vietnam Innovation Challenge launched

14-Mar-2020 Intellasia | VNA | 6:02 AM

The Qualcomm Vietnam Innovation Challenge was launched at a webinar on March 12 to promote technology innovations among startups. The event was scheduled to be held in HCM [...]
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Declining oil prices set to boost Vietnam’s external balance by $1.5 billion

14-Mar-2020 Intellasia | HanoiTimes | 6:02 AM

Vietnam posted net spending on offshore crude oil of nearly $1.8 billion in 2019. Vietnam’s external balance is set to improve by over $1.5 billion in 2020 as a result [...]
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Hanwha Life Vietnam donates free health insurance cards to Vietnamese people in need

14-Mar-2020 Intellasia | VIR | 6:02 AM

South Korean-backed insurer Hanwha Life Vietnam, in tandem with the Sponsoring Association for Poor Patients in HCM City, has been donating free health insurance cards to [...]
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