VN stocks up from two-day fall
(Apr 30, 2016)
Vietnamese shares yesterday rebounded from a two-day decline on both
local markets before the national holidays as blue chips were boosted by
higher investor confidence.
France's Casino Group officially sold its Big C supermarket in Viet Nam
to the Thai Central Group for 1 billion EUR (US$ 1.14 billion), the
French group said in a statement.
Vietnamese shares were mixed on the two local bourses this morning, even as insurance companies and banks made good gains.
Vietnamese shares slid further on both local markets for a second day as
investors continued to look for profits in recently-gaining stocks and
market liquidity dropped sharply ahead of the national holiday.
Viet Tien Garment Joint Stock Corporation planned to reach a pre-tax profit of US$13.6 million this year, up one per cent over last year.
Deputy Prime Minister Vuong Dinh Hue asked all ministries to learn more about the stock market. The deputy PM said he wanted to make the stock market an important
channel for capital mobilisation so it could share the burden with the
The National Citizen Bank (NCB) is targeting a net profit of VNĐ171.6 billion (US$7.65 million) this year.
Vietnamese shares rose slightly on both local exchanges this morning as investor confidence in blue chips improved after the US central bank kept its rates unchanged.
Vietnamese shares yesterday retreated on both local bourses as investors tried to look for profits in financial stocks.
Binh Dien Fertilizer Joint Stock Company (BFC) planned to pay a 30 per cent dividend in cash for 2015 and would enter the regional markets of Cambodia, Myanmar and Thailand this year, said the firm at its general shareholder's meeting in HCM City on April 27.
State-owned Viglacera Corporation approved a plan to raise its charter
capital to VND3.07 trillion (US$137.4 million) from VND2.64 trillion at
the annual meeting on April 26.