News

Stocks plunged on Thursday, erasing most of the steep gains in the previous session, as markets remained highly volatile in the face of the fast-spreading coronavirus.

Stocks in Asia declined in Friday morning trade as volatility continues to grip the markets amid investor concerns over the global coronavirus outbreak.

The State Bank of Vietnam set the daily reference exchange rate at 23,197 VND per USD on March 6, down 6 VND from the previous day.

Viet Nam’s total retail sales and service revenue rose 8.3 per cent year-on-year to over VND863.9 trillion (US$37.4 billion) in the first two months of this year, according to the General Statistics Office (GSO).

Viet Nam this year would have opportunities to continue increasing rice exports to Senegal, as well as Africa as a whole, due to high demand from those markets, the Viet Nam Trade Office in Algeria said.

A majority of business enterprises in the central economic and tourism hub Da Nang said they are in need of support from the Government in coping with the adverse effect of the novel coronavirus (COVID-19) outbreak in a meeting with the city’s leaders on Wednesday.

Margin lending may be allowed on the Unlisted Pubic Company Market (UPCoM), the State Securities Commission (SSC) vice chairman Pham Hong Son said on Wednesday.

Plummeting global oil prices over the past month are hurting the stock prices of Vietnamese oil and gas companies, tinnhanhchungkhoan.vn reported on Wednesday.

Vietnamese shares gained narrowly as investors took use of intra-day growth to stave off risks and foreign investors remained net sellers.