Vietnam 

VN Index surges after Tết – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese shares soared in the first trading session after returning from the one-week Tết (Lunar New Year) holiday, driven by positive investor sentiment. The benchmark VN Index on the Hồ Chí Minh Stock Exchange rose by 1.92 per cent to close at 926.10 points. The southern market index had gained a total 1.80 per cent between the beginning of the year and the pre-Tết trading week. More than 124.6 million shares were traded on the main bourse, worth VNĐ2.92 trillion (US$125.5…

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Developer Jiayuan surges by 21.9 per cent in Hong Kong after chairman clarifies how much stock is held as collateral

Mainland China-based small apartment developer Jiayuan International Group surged by 21.9 per cent in a few minutes after it resumed trading on Wednesday afternoon in Hong Kong, following a stock filing that clarified how much of its stock had been pledged as collateral for loans by its chairman. The stock was trading at HK$4.1 – up by 10.5 per cent – at 2.08pm. In the filing, Jiayuan said Chairman Shum Tin Ching had reported that he and an entity registered in the British Virgin Islands he controls together hold 52.86…

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Vietnam 

Demand for delivery services surges before Tết holiday – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY – Delivery services, especially items for Tết (Lunar New Year), are working hard to meet the surge in demand in the run-up to the year’s biggest holiday in HCM City. Trần Thị Thu Thảo, a clothing store owner in District 3, said the number of buyers as well as requests for home delivery had increased by two to three times compared to an average day. Lê Diễm Hằng, a shipper from District 4 in HCM City, said “on a normal day, I…

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Vietnam 

Investment in fruit, vegetable processing surges as companies realise potential – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Fruit and vegetable exports, which have been growing at around 15 per cent annually for the past five years, are a highly attractive business activity for enterprises, which are increasingly investing in large and modern processing plants. Long An Province-based Lavifood Joint Stock Company earlier this month put into operation a VNĐ1.78 trillion (US$76.7 million) fruit and vegetable processing plant with a capacity of 60,000 tonnes of finished products a year in Tây Ninh Province. Phạm Ngô Quốc Thắng, the company’s…

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Vietnam 

Việt Nam’s actual FDI surges 9% in 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Disbursed foreign direct investment (FDI) in Việt Nam this year experienced a positive increase of 9.1 per cent to US$19.1 billion. During the reviewed period, FDI commitment for 3,046 newly-licensed projects reached nearly $18 billion, equivalent to 85 per cent of the same period last year, according to the Foreign Investment Agency’s report published on Tuesday. After a yearly decline of nearly 10 per cent in FDI added to operating projects totaled at $7.59 billion, the capital pledged for stake acquisitions…

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Vietnam 

Tourism in Kiên Giang surges in 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Bà Lụa Island in Phú Quốc’s Kiên Lương District. — Photo ivivu.com Viet Nam News HÀ NỘI — The southern province of Kiên Giang estimates it will have welcomed 7.6 million tourists – including 580,000 foreigners – by the end of this year, up 25.5 per cent and 57 per cent against last year, respectively. The provincial Tourism Department said that besides Phú Quốc Island – one of the hottest holiday spots in Việt Nam in recent years – Kiên Giang’s other destinations such as Nam Du and…

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US stocks rally the most since March as tech sector surges, in respite from China trade tensions

US stocks gained the most in more than six months as corporate earnings provided a respite from tensions over trade and geopolitics. The S&P 500 surged more than 2 per cent, all 30 members of the Dow Jones Industrial Average advanced and small caps in the Russell 2000 Index notched the best gain since the day after the 2016 election. The Nasdaq Composite saw its biggest gain since March as UnitedHealth Group bolstered health care firms and Adobe’s forecast lifted software makers. Technology stocks looked set to extend gains in…

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