News

HCMC – Local stocks after a four-session losing streak managed to stage a rebound today, May 27, although overall trading turned sluggish due to cautious investor sentiment.

HCMC - There are more hotels in the south-central province of Khanh Hoa than needed, leading Chinese travel agencies to demand steep hotel room tariff cuts and the elimination of deposits for hotel bookings.

HCMC – The solar power market is becoming more active following the signing of power purchase contracts between Vietnam Electricity Group (EVN) and households that have installed rooftop solar panels.

HCMC – VietinBank (CTG) has obtained approval from the State Bank of Vietnam to issue VND10 trillion of bonds. The coupon will be decided by the lender and Vietnamese and international organizations and individuals can buy this debt. CTG can buy back the bond issued in 2019 and must use the capital raised from the debt sale for the right purposes.

Shares in Asia were higher in Tuesday morning trade, with U.S. President Donald Trump continuing his visit to Japan.

European shares climbed on Monday, as an EU Parliament election showed Europhile parties still performing reasonably well despite a rise in support for nationalists.

Gold prices touched a more than one-week high on Monday as fears of a protracted U.S.-China trade war hurt risk sentiment, while poor economic data from the United States bolstered bets of a U.S. Federal Reserve rate cut.

Oil prices rose more than 1% on Monday, supported by Middle East tensions and OPEC-led supply cuts as well as continued crude disruptions from Russia after a contamination problem discovered last month.

The euro struggled to hold on to $1.12 on Monday as investor relief at limited gains for euroskeptic parties in European parliamentary elections was offset by declines in the share of seats held by the biggest blocs.