Yen plummets, approaching record bottom
According to Lao Dong, on July 15, the Japanese Yen (JPY) continued to maintain its weak momentum, fluctuating around a three-week low against the USD, as concerns about Japan's trade and super-loose monetary policy continued to put pressure, pushing the currency closer to the record weak zone it had recorded.
Investors are increasingly believing that the Bank of Japan (BoJ) will be forced to maintain lower interest rates for longer due to the risk of slowing down the economy if the US imposes a 25% tax on Japanese goods from August 1. This makes the Yen less attractive as a safe-haven asset, despite increased global risks. See more...
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Profit-taking pressure causes stocks to lose points
Stock investors entering the trading session on July 15 are still in a state of excitement after a series of increases along with a strong return of cash flow. However, when the VN-Index approached the 1,500-point threshold, the adjustment pressure also occurred according to previous forecasts by experts.
The sales order began to be put on the electric board right before the market entered the final matching period. Notably, the sales order focuses on stocks with large capitalization. At the end of the trading session, the VN-Index decreased by 9.77 points, down to 1,460.65 points.
Total matched volume reached more than 1,405 million units, worth VND34,302.8 billion, up slightly by 4% in volume and 9% in value compared to yesterday's session. The VN30 bluechip group changed color, with 25 codes reduced at the end of the session. However, most of them have only decreased slightly. See more...
Selling fake Gucci, Dior in the center of Da Nang, a store was heavily fined
On July 15, Vice Chairman of the People's Committee of Da Nang City Tran Chi Cuong signed a decision to administratively sanction Mega Premium Shopping Mall business household (address 106 - 108 Tran Phu, Hai Chau ward), this business household committed an administrative violation of displaying to sell counterfeit goods.
Previously, at 5:00 p.m. on June 17, the inspection team of Market Management Team No. 2 (Da Nang City Market Management) inspected the business activities of Mega Premium store belonging to the above-mentioned business household.
Through inspection, it was discovered that this business household was selling goods (bags, wallets of all kinds, glasses, belts) including 232 product units with counterfeit signs of the brands Gucci, Chanel, Christian Dior, Bottega Veneta, Celine that are protected in Vietnam. The total value of the goods was determined at the time of inspection to be more than 183 million VND. See more...
