VN-INDEX INCREASES SLIGHTLY, LIQUIDITY DROPS TO THE LOWEST IN TEN SESSIONS
The market opened the new week on a positive note with many stocks witnessing gains, while liquidity decreased sharply. On the Hồ Chí Minh Stock Exchange (HoSE), the benchmark VN-Index increased by 5.75 points, or 0.46 per cent, to 1,267.68 points. This marked a day of growth following a strong decline on Friday.
CELEBRATE THE DRAGON BOAT FESTIVAL WITH LONG TRIEU’S EXCLUSIVE RICE DUMPLING
Long Trieu Restaurant launched an exclusive rice dumpling collection for the 2024 Dragon Boat Festival, which is also known as the Doan Ngo Festival in Vietnamese culture. Wrapped in bamboo leaves, these emerald parcels are more than just a delicious treat. They are a cultural treasure, a story whispered through generations, and a way to honour our ancestors.
INNOVATION PROPS UP ESG PROSPECTS
Keppel, FiCO Pan-United Concrete, and Coteccons Construction JSC earlier in May signed an MoU to explore the use of sustainable concrete, ready-mix mortar, and other innovative architectural materials, as well as construction methodologies utilising 3D printing in The Infiniti, the third phase of Keppel’s Riviera Point residential development.
VIETNAM WELL-PLACED TO REMAIN STRATEGIC M&A LEADER
A number of potential deals in the pipeline signifies bright prospects for Vietnam’s mergers and acquisitions landscape. SCGJWD Logistics (SJWD), the logistics arm under Siam Cement Group (SCG), in early May announced that it is purchasing SCG International Vietnam Co., Ltd. (SCG Inter VN) for approximately $5.4 million.
GOVERNMENT COMMITS TO WIDE SUPPORT TOWARDS 2025
The government will continue to expand the fiscal policy in a bid to assist those struggling and to achieve the desired economic growth target for the year. Deputy Prime Minister Le Minh Khai last week reported to the National Assembly (NA) that the government will provide more practical support for the public and businesses as part of its agenda.
HOUSING ATTRACTIVE FOR FOREIGN DEVELOPERS
The flow of foreign capital invested in real estate in the first four months of the year has been impressive, but the domestic market has not yet fully recovered. According to the Ministry of Planning and Investment, foreign capital into real estate in the first four months reached $1.68 billion, four times higher than the same period in 2023.
FDI ATTRACTION IN FIVE MONTHS TOPS 11 BILLION USD
Of the total, 7.94 billion USD was poured into 1,227 new projects, a year-on-year increase of 50.8 per cent and 27.5 per cent, respectively. Meanwhile, 440 projects had their capital added with a total of over 2.08 billion USD, dropping 9.3 per cent and 8.7 per cent as compared to the same time last year.
TRANSFERS OF OVER VNĐ10 MILLION WILL REQUIRE BIOMETRIC AUTHENTICATION STARTING JULY 1ST
Biometric security, which will be matched to data stored in the national ID database, is already required to transfer more than VNĐ20 million a day, regardless of the amount of each transfer. Users who transfer money for the first time via mobile banking and e-payment platforms must also log in using biometric information.
