The afternoon session witnessed a wide divergence among large-caps’ prices. — Photo cafef.vn HÀ NỘI — Shares narrowed gains towards the end of the trading session on Monday but still managed to post slight gains, witnessing a large divergence among large-caps. The VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.11 per cent to end the session at 981.03 points. The index had increased by total 0.58 per cent to finish last week at 980.00 points. On the Hà Nội Stock Exchange, the HNX-Index edged up 0.23 per cent to end at 102.58 points. It had lost total 0.43 per cent to end last week at 102.35 points. Liquidity was modest with 179 million shares worth nearly VNĐ6.4 trillion (US$274 million) traded on the two markets. The afternoon session witnessed a wide divergence among large-caps’ prices. Stocks such as Mobile World Group (MWG), FPT Corporation (FPT), Vicostone JSC (VCS) and Refrigeration Electrical … [Read more...] about Shares move up with strong divergence among large-caps
Officials arrested, auto firm may not be listed in 2019
VEAM trucks being manufactured. Recent arrests of former VEAM leaders have shocked the company's investors and threatened its HoSE-listing plan in the near future. - Photo vietnamnet.vn HÀ NỘI – The recent arrest of former directors at the Vietnam Engine and Agricultural Machinery Corporation (VEAM) has derailed the company’s future business plan. VEAM is trading more than 1.3 billion shares on the Unlisted Public Company Market (UPCoM) with code VEA. The company planned to switch its listing to the Hồ Chí Minh Stock Exchange in 2019. The plan was approved at the firm’s annual shareholder meeting on June 30. Since its UPCoM debut on July 2, 2018, VEAM shares gained 152 per cent to a peak of VNĐ64,500 (US$2.77) per share on July 26. Since then, the firm’s shares have been declining. The shares ended August 19 at VNĐ49,300 per share, down 23.5 per cent from the previous peak. The fall of VEAM shares has shown no signs of … [Read more...] about Officials arrested, auto firm may not be listed in 2019
Taiwanese firm asks 2,500 employees to resume work
The new executives of the Taiwanese company in Hai Phong City’s Kien An District on Monday invited the unpaid workers to resume work. At a meeting between the firm's new management and employees, Jenny Koo, Chairman of H&S Company Limited, which has taken over Kai Yang, said she and her partners will do their best to pay 50 percent of all workers’ July salary this week and the rest in the following week. The workers will return to work Tuesday, after a week of unemployment following Kai Yang’s former Taiwanese boss Huang Shang Che and 17 compatriots leaving the country without notice on August 11. As of Monday, the exact amount owed the employees had not been calculated. H&S Company Limited, a South Korean company, is one of the partners and investors in Kai Yang. The workers were very happy with the new development. On the company’s official Facebook page called Kai Yang Vietnam, which has both workers and executives as members, the updated news was … [Read more...] about Taiwanese firm asks 2,500 employees to resume work
Taiwanese footwear firm asks 2,500 employees to resume work
The new executives of the Taiwanese footwear company Kai Yang in Hai Phong City’s Kien An District on Monday invited the unpaid workers to resume work. At a meeting between the firm's new management and employees, Jenny Koo, Chairman of H&S Company Limited, which has taken over Kai Yang, said she and her partners will do their best to pay 50 percent of all workers’ July salary this week and the rest in the following week. The workers will return to work Tuesday, after a week of unemployment following Kai Yang’s former Taiwanese boss Huang Shang Che and 17 compatriots leaving the country without notice on August 11. As of Monday, the exact amount owed the employees had not been calculated. H&S Company Limited, a South Korean company, is one of the partners and investors in Kai Yang. The workers were very happy with the new development. On the company’s official Facebook page called Kai Yang Vietnam, which has both workers and executives as members, the … [Read more...] about Taiwanese footwear firm asks 2,500 employees to resume work
Cultural, art activities to celebrate Hanoi’s Liberation Day
Victory troops entered the capital city on the Liberation Day (File photo: VNA) Hanoi (VNA) – Numerous activities are set to take place across Hanoi to celebrate the 65th anniversary of the Liberation Day of the capital city (October 10). Film screenings, exhibitions and art performances will be held in the city on the occasion, along with the launch of a pictorial book on the Liberation Day and meetings with witnesses and historians. A special programme will be held to re-enact the historical flag salute ceremony at the Thang Long Imperial Citadel. In addition, the municipal Department of Culture and Sports and relevant agencies will jointly organised various art programmes, including a folk cultural festival, an international photo contest, a festival of ao dai (traditional long dress) and the Vietnam Airlines Classic - Hanoi concert, among others. Besides, the city will continue its campaigns to call on Hanoians to follow the elegant and civilised lifestyle, … [Read more...] about Cultural, art activities to celebrate Hanoi’s Liberation Day