Yen suddenly weakens but will not decrease sharply
According to Lao Dong on April 29, the Japanese Yen (JPY) weakened against the US Dollar (USD), mainly due to improved investor risk-taking sentiment.
The reason is that the tension between the US and China shows signs of cooling down, making the need to hold safe shelter assets such as the yen. At the same time, investors buy in USD when the price decreases has pushed the USD/JPY exchange rate to a high level of the day, approaching the 142.50 milestone.
However, according to FXStreet, the weakening of the Yen may not last long, as the market is waiting for the monetary policy decision of the Bank of Japan (BoJ). See more...
Hunting for huge promotions, Can Tho people take advantage of shopping during the holidays
KRX system cannot impact immediately, needs a long-term vision
The KRX system is considered to be an important step in the modernization of Vietnam's stock market infrastructure, paving the way for the application of advanced trading tools such as T+0, short selling, guaranteed authorities ... This makes many investors expect KRX to quickly create a push of liquidity. This is also the technical platform that is expected to support the goal of raising Vietnam's stock market in the near future.
According to Mr. Dinh Quang Hinh - Head of Macro and Market Strategy, VNDIRECT Securities Joint Stock Company - the official operation of the KRX trading system from May 5, 2025 "opens up new expectations for the market, creating room for new financial product development, while supporting the goal of upgrading the Vietnamese stock market to the emerging market group according to the classification of FTSE and MSCI".
However, from a more cautious perspective, Mr. Nguyen Viet Duc - Digital Business Director, VPBankS Securities Company - said that the positive changes from this system will need time to spread. See more...
Purchasing power decreases before the holidays, traders use technology solutions
According to records, at Market 337 Dich Vong, food stalls such as vegetable stalls are less crowded than usual. Ms. Ha Uyen (a trader at 337 Dich Vong market) said: "The number of customers buying today decreased by more than 50%. Partly because people are preparing to return home for a long holiday, so they do not buy food items to reserve".
As a fruit seller at 337 Dich Vong market, Ms. Thu Minh informed that during such holidays, traders often choose to promote selling on social networking platforms and food ordering applications to overcome the situation of reduced purchasing power during the holidays.
"Normally, I will post the items on my personal Facebook page to reach customers in need but from afar, thereby limiting the decrease in revenue due to the holidays. During the April 30 - May 1, 2024 holiday, thanks to online sales on social networks, I earned about 70-80% of my profit compared to last year.
However, combining online sales is only suitable for essential items and has an average price. As for low-value items such as vegetables, spices, ... it will be very difficult to apply, because the transportation cost is even higher than the value of the item" - Ms. Minh shared. See more...
