The stock market is forecast to move towards 1,800 points
At the end of the trading week, the VN-Index increased by 89.74 points (+6%), to 1,584.95 points and recorded a new record high. The high liquidity level reflects investors' growing confidence in the uptrend.
While the trading market exploded and the general index continuously established new peaks, foreign investors had a huge net selling week, especially a stock with a record net selling of more than VND 12,700 billion.
In the newly published August strategy report, SSI Securities (SSI Research) assessed that investors' optimism sentiment increased with many outstanding catalysts. This includes favorable macro conditions when Vietnam officially reached a trade agreement with the US with an applied counterpart tax rate of 20%, lower than the 46% announced in April...
SSI Research experts said that banks continue to be the main growth driver, followed by real estate. Although the market may face short-term fluctuations due to increased profit-taking pressure after a period of high margin at the end of July, SSI expects the VN-Index to reach the 1,750-1,800 range in 2026. See more...
Enterprise fined 650 million VND for exploiting tin ore beyond capacity and occupying land
On August 9, Nghe An Provincial People's Committee announced that it had just issued a decision to fine Ha Cuong Company Limited (located in Tay Hieu Ward, Nghe An) No. 72/QD-XPHC for committing 2 administrative violations.
The first act is to exploit beyond the licensed capacity by 25% to less than 50%. In 2024, this enterprise exploited metal cements at a capacity exceeding 32.3% compared to the Mineral Exploitation License No. 4222/GP-UBND dated September 21, 2015.
For this violation, the company was fined VND500 million, forced to take measures to renovate environmental protection works, overcome pollution, damage to technical infrastructure and pay more than VND427 million in appraisal fees. See more...
Tours to Hanoi and surrounding areas attract visitors during the September 2 holiday
This year's National Day holiday on September 2 is expected to be more vibrant than previous years when the domestic tourism market recorded the number of customers booking tours early, especially on the Hanoi route and neighboring areas.
According to Ms. Tran Thi Bao Thu - Marketing - Communications Director of Vietluxtour, the market started earlier than the same period.
Many tourists eagerly await the 80th anniversary of the National Day of the Socialist Republic of Vietnam (September 2, 1945 - September 2, 2025) in Hanoi, attracting the demand for the capital city tour products (city tours) and the Uncle Ho's footprints (Hanoi - Thai Nguyen - Tuyen Quang) routes, October Autumn Festival Memories (Hanoi - Tuyen Quang) with meaningful roots. See more...
Continuing to lease more than 1 million square meters of land to build hydropower plants in Cao Bang
The People's Committee of Cao Bang province has just issued Decision No. 1306/QD-UBND on leasing more than 1.2 million m2 of land (3rd phase) to Song Gam Hydropower Joint Stock Company in Khanh Xuan commune and Co Ba commune (old Bao Lac district) to implement the Bao Lac A Hydropower project.
According to the decision, the leased land area includes: 17,234.1 m2 for main and auxiliary works, 48,357.5 m2 for flood avoidance roads and 1,207,643.2 m2 for lake construction. The land lease term is extended to February 1, 2068, in accordance with the investment policy decision approved in 2018. See more...
