Yen unexpectedly appreciates
According to Lao Dong, on September 5, the Japanese Yen (JPY) maintained an advantage over the US Dollar (USD) in the last session of the week, in the context of the market increasingly expecting that the Bank of Japan (BoJ) will maintain a roadmap to tighten policy, while the US Federal Reserve (FED) may resume the interest rate cutting cycle this month.
Named wages in Japan in July rose 4.1% year-on-year in July, the fastest in seven months and above the forecast of 3%, according to newly released data.
Real wages, an important index reflecting household purchasing power, increased by 0.5% - the first time growth has been positive since December 2024. Meanwhile, consumer inflation (including fresh food prices but excluding rental) reached 3.6%, the lowest level since November 2024 but still above the BoJ's 2% target. See more...
Vietnamese goods expand opportunities in the global supply chain
Securities reverse to fall sharply after surpassing the historical threshold of 1,700 points
In the trading session on the morning of September 5, the pillars and financial groups continued to take turns becoming the fulcrum to help the general index quickly improve and successfully conquer the peak of 1,700 points for the first time in history.
However, almost immediately, the rush supply pushed up the electricity billboard, causing the index to quickly reverse, even at times "evaporating" more than 30 points.
On the other hand, cash flow is quickly "added" when buyers take advantage of the opportunity to buy goods at attractive prices. Thanks to that, liquidity has improved sharply with 1.69 billion shares matched on the HoSE, equivalent to a trading value of VND48,820 billion.
However, bottom-fishing cash flow cannot help VN-Index escape a deep decline. At the end of the trading session on September 5, the VN-Index decreased by 29.32 points, equivalent to 1.73%, to 1,666.97 points. See more...
The electricity market is about to end its " monopoly", people can choose a supplier
General Secretary To Lam, on behalf of the Politburo, signed and issued Resolution 70 on ensuring national energy security until 2030, with a vision to 2045.
Resolution 70 requires the development of the electricity market in the direction of enhancing competitiveness, transparency, efficiency, synchronously with ensuring energy security. In particular, effectively implement the direct electricity purchase and sale mechanism, while enhancing the right to choose of electricity customers in accessing and selecting electricity suppliers suitable for their needs.
According to Dr. Nguyen Xuan Quang - Institute of Energy Technology (Hanoi University of Science and Technology), Resolution 70 has put customers at the center of the electricity market, giving them the right to choose to approach and select a power supplier that suits their needs instead of only passively receiving electricity from EVN. This is a meaningful breakthrough orientation, opening up opportunities to restructure the Vietnamese electricity market, which has long been in a state of " monopoly". See more...
