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Freight and logistics stocks on the rise despite pandemic

Freight and logistics stocks have seen major gains since the beginning of 2020 even as the COVID-19 pandemic has wreaked havoc on the economy.

 

Queries around shareholders of FastGo and be

After only two years of operation, the shareholder structures of both local ride-hailing platforms FastGo and be are now a mystery.

Vietnamese e-wallets charm investors

Hefty sums found their way to Vietnamese e-wallets from diverse partners during the year, turning the segment into one of the investment hotspots.

Plummeting stock prices raise fears of businesses being acquired

As many stocks have plunged below their real value, foreign funds are combing Vietnamese shares, raising fears that Vietnamese companies will be acquired by 'shark' investors.

Positive signs in COVID-19 prevention buoy VN-Index up

Thanks to positive signs in COVID-19 prevention, the VN-Index had a fabulous run since early April.

ETFs sell net $283 million in ASEAN in Q1: VNDS

Net outflow of exchange-traded funds (ETFs) from ASEAN markets in the first quarter of 2020 reached US$283 million, VNDirect Securities Corporation (VNDS) has estimated.

 

Pharma firms expect hike in revenue thanks to COVID-19

Taking advantages of the COVID-19 lockdown, major pharma firms hope to get growth in revenue this year.

Trinh Van Quyet resigns from position at FLC Faros

Chairman of FLC Group Trinh Van Quyet decided to leave his position as chairman of FLC Faros as the subsidiary has been nosediving in the past years.

Stocks fall as nations take coronavirus action

Shares in Asia slide on Monday as more drastic action is taken by governments to stop virus spreading.

Plucking up courage to enter foreign exchanges

The increasing demand for finance has prompted a clutch of Vietnamese corporations, such as FLC Group, to seek out overseas initial public offerings, but after previous failures, few want to be the first to try their luck. 

Heineken sells 5.2 million Sabeco's stocks

Heineken is no longer Sabeco’s (code: SAB) large shareholder as it has just sold 5.2 million SAB stocks worth VND1.219 trillion ($53 million).

BFC, LIX, HVT code of Vinachem blocked due to lawsuit

The semi-annual consolidated financial statement of Vinachem showed a steep drop in profit, partially due to its accounts and assets being frozen by the court.

Sterling slips as Brexit talks get green light, stocks advance before Fed

Sterling dropped on Tuesday after Britain's parliament paved the way for Prime Minister Theresa May to launch divorce talks with the European Union, while stocks advanced ahead of an expected U.S. interest rate later in the week.

Stocks could suffer as Trump trade policy takes shape

 The year-end stocks rally on the heels of the election of Donald Trump as U.S. president was built on expectations of reduced regulations, big tax cuts and a large fiscal stimulus.

Stocks climb on investor belief

 VietNamNet Bridge – Blue chip gains once again lifted stocks on both exchanges yesterday (June 12) as investor optimism strengthened.

Bourse explains rules for exchange-traded funds

 VietNamNet Bridge – Foreign investors will be able to own up to 100 per cent of exchange-traded funds, participants heard at a seminar held by the HCM Stock Exchange (HOSE) on Tuesday.

Stocks defy odds to end week on a high

 VietNamNet Bridge – Despite the current atmosphere in the markets, stock indexes have enjoyed healthy gains over the last week.

Stocks to keep an eye on in 2014

 VietNamNet Bridge – As the economy recovers and the government issues new policies to develop the stock market, the shares of companies in certain sectors are predicted to gain.

BUSINESS IN BRIEF 12/11

 HCM City, Japanese firms ink semi-conductor MoU; Vietnamese Business Association launched in Tokyo; Speculative stocks attract foreign investment; Businesses debate thorny taxation issues

Wall Street extends gains on below-forecast U.S. gross domestic product reading

U.S. stocks rallied Wednesday, extending gains from the previous trading day, as an unexpected cut of the U.S. gross domestic product (GDP) for the first quarter of the year eased worries that the Federal Reserve may wind down