Yen may continue to fluctuate strongly
According to Lao Dong, after falling to the bottom against the USD at the beginning of last week, the Yen has rebounded.
The main reason comes from the surprise decision of a US federal appeal court when restoring a series of trade tariffs by President Donald Trump. This move caused a stir in the global market and investors quickly returned to safe-haven assets such as the Japanese Yen.
In addition to political factors, positive economic figures from Japan also contribute to strengthening the Yen. See more...
Securities receive positive signals from foreign investors
Although the VN-Index plummeted in the end of May, the index still increased by 1.38% in the past week, to 1,331.6 points. Generally in May, VN-Index increased by about 9%, regained all the lost points in the volatile period due to tariffs, sometimes touching the peak of 3 years.
Market liquidity improved significantly. On the HOSE, the average trading volume of the last week of May exceeded 1 billion shares/session, up 5% compared to the previous week. The HNX recorded a stronger increase with an average liquidity increase of up to 40%, reaching more than 96 million shares/session.
Notably, after more than 2 years of tireless release, foreign investors have had positive signals and a general trend of the market in May when they returned to the net buying state. See more...
Many stores in Lao Cai city simultaneously closed during the peak period against counterfeit and smuggled goods
At the end of May, according to Lao Dong in Lao Cai city, this place is no longer as bustling and bustling with business as before. Instead, there is a deserted scene due to a series of shops and kiosks in the markets suddenly closing.
Actual records at times from 8am to 11am and from 2pm to 5pm along Hoang Lien Street show that, besides some still operating stores, many businesses have been quietly closed.
In addition, on some streets such as Nguyen Hue, Ly Cong Uan, Nhac Son..., many businesses here have also stopped operating.
According to observations, most of the stores closed were related to the business of clothing, shoes, a few cosmetics, sports equipment... See more...
Gia Lai makes passion fruit a key agricultural product
On June 1, the Department of Agriculture and Environment of Gia Lai province said that passion fruit is currently one of four crops planned to be in the province's main agricultural export product group. The goal is to develop the province's passion fruit growing area to about 10,000 hectares in the coming time.
This type of crop is bringing high economic efficiency, helping local people have a stable income. Currently, many businesses such as Quicornac, Doveco Dong Giao... have invested in building modern processing factories, exporting thousands of tons of processed passion fruit products to international markets each year. See more...
