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Mr. Trinh Van Quyet: Round trip ticket price to the US is more than 1,300 USD

Bamboo Airways Chairman Trinh Van Quyet said the airline’s round-trip ticket price from Ho Chi Minh City to San Francisco (USA) is expected to be 1,300-1,500 USD, depending on the time.

Sharing with the press recently, Mr. Trinh Van Quyet said that the airline still reserves the airfare from Vietnam to the US as calculated 2 years ago, even though the aviation market is affected by the epidemic, the flight limit.

Bamboo Airways has planned a regular commercial direct flight from Ho Chi Minh City to San Francisco (USA) in the first quarter of 2022, with a frequency of 2 days/trip in the immediate future. Then increase the frequency of daily flights.

With this ticket price, Mr. Quyet affirmed that the airline is still profitable because it not only welcomes individual guests but also welcomes tourist groups thanks to the advantages of FLC Group, through combo product packages that combine air tickets and resorts. .

“Our advantage is owning many large resort complexes. The combination of aviation and tourism will bring many benefits to passengers”, Mr. Quyet said.

Mr. Trinh Van Quyet, Chairman of Bamboo Airways. Photo: Mr Duy

To prepare, the airline is negotiating to hire more Boeing 787-9 and Boeing 787-10 aircraft to serve flights to the US and Europe.

Mr. Quyet said that in previous years, renting aircraft was quite difficult due to great demand. However, in the past two years, due to the impact of the epidemic, the plane rental price has been significantly cheaper, the airline can return the high-priced aircraft and lease another cheaper type.

Currently, Bamboo Airways’ direct flight to the US is still being promoted as planned. The airline has submitted all documents to the US aviation authorities. After being licensed by the US Federal Aviation Administration (FAA), together with the Vietnamese Government to reopen normal two-way international regular routes, the airline will start flying to the US.

Sharing about the impact of the epidemic last year, the President of Bamboo Airways said that the opening of international routes as well as the airline’s revenue were affected. However, the parent company, FLC Group, has advantages in real estate and resorts, so the investment cash flow for the aviation segment is still maintained.

On September 23, Bamboo Airways performed a technical flight using a Boeing 787-9 Dreamliner wide-body aircraft at Noi Bai airport, bound for San Francisco (California, USA), with a flight of more than 14 hours.

This is the first flight among 12 two-way charter flights between Vietnam and the US that Bamboo Airways has received a license from the US Transportation Security Administration (TSA).

Currently, the US is one of the countries with the largest number of overseas Vietnamese and Vietnamese students in the world. The Vietnam – US aviation market is estimated to reach 1.4 million passengers in 2019, growing at an average of 8% a year in the period 2017-2019.

On the morning of November 29, Vietnam Airlines had its first regular flight to the US. This is also the first regular direct flight on the Vietnam – US route operated by a Vietnamese airline. Regarding the fare, the CEO of Vietnam Airlines previously said that the general fare for the Vietnam – US leg is about 1,000 USD per turn.

Doan Loan

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Apartment prices in the streets of the rich race to the top

Ho Chi Minh CityApartment prices in An Phu, Thanh My Loi, Thao Dien, Thu Thiem areas reached a ceiling of 75-210 million dong per square meter, an increase of 100-131% over half a decade.

According to the report on the price of high-rise buildings in District 2, recently published by Rever, the rich Thu Thiem street is currently leading in terms of apartment ceilings in the district with the milestone of VND 210 million per square meter. Apartments in An Phu, Thao Dien and Thanh My Loi, respectively, recorded the highest prices at 75-85-95 million VND per square meter. These places all recorded the highest price growth rate, reaching over 100% after 6-7 years, in which Thanh My Loi led with a ceiling increase of up to 131%.

In Thu Thiem, the apartment with the highest selling price is The Opera Residence in phase 3 of The Metropole Thu Thiem project, currently recording the milestone of VND 210 million per square meter, expected to be handed over in 2023. The second is Narra project. Residences in phase 4 of the Empire City super project is currently trading at VND 180 million per square meter. The highest price increase in this rich street is 112-118%, recorded at the Sadora and Sarica projects (both handed over) in Sala urban area.

Compared to the West Street (many foreigners live) of the East, Thao Dien has a ceiling price of 90-95 million VND per square meter, belonging to The Nassim and Thao Dien Green projects, both new apartments. Meanwhile, the highest rate of house price growth in this area fell into the group of old projects: Tropic Garden and Masteri Thao Dien handed over in 2015-2016, price growth of 92-106% respectively.

As an emerging rich town later, Thanh My Loi has the highest apartment price of 85 million VND per square meter, at the high-end One Verandah and Waterina Suites projects, handed over in 2019-2020. However, the huge price increase here belongs to the old project CBD Premium Home, handed over from 2016, the starting price in 2014 is about 16 million VND per square meter, currently trading at 37 million VND per square meter, up 131%.

An Phu ward ranks at the bottom of the group of rich streets in East Saigon, with apartment prices peaking at VND 75 million per m2 (Estella Heights project, handed over in 2018). This is also the project with a price increase of 108%, the highest in An Phu area. Handed over earlier and in the mid-end segment, the Lexington Residence project with a starting price of VND 24 million per square meter has now jumped to VND 50 million per square meter, a 108% increase in price.

Apartment market in District 2, East area of ​​Ho Chi Minh City. Photo: Quynh Tran

While 4 rich streets Thu Thiem, Thao Dien, Thanh My Loi and An Phu are covering new apartments in the high-end and luxury segment, the rest of District 2 includes Binh Khanh, Binh Trung Dong and Binh Trung wards. West, Cat Lai… used to be the capital of mid-range or cheap apartments.

Many projects in these wards, which were opened for sale 6-7 years ago, cost only 15-25 million VND per square meter, but are no longer anchored in the old price range. In particular, the projects opened for sale in the last 2-3 years have recorded prices of 30-70 million VND per square meter. Along with the infrastructure boom of the East over the past 5 years, the rate of price increase of old apartments in these wards has skyrocketed to a very high level according to the rich streets.

Apartment prices in Binh Khanh ward had the highest increase of 96.4% (De Capella project was handed over in 2018); Binh Trung Tay and Binh Trung Dong wards both recorded a ceiling increase of 118% (Homyland 2 and ParcSpring projects were handed over before 2015), while the price of apartments in Cat Lai ward grew the most at 93.3% (recorded in the figure below). received at Citihome project).

Survey of VnExpress It also shows that District 2 is currently positioned by real estate investors as the new rich street of the East of Ho Chi Minh City, forming a symmetrical axis with the rich street in District 7, the South Saigon area that was formed before the 2000s.

Compared to the remaining 3 rich streets of the East, Thao Dien was shaped the earliest, has a variety of international services, has long attracted the expat community to live with popular rents of thousands of USD per apartment. household every month. As for Thu Thiem, An Phu and Thanh My Loi, are the emerging rich streets later, starting to attract homebuyers and investors in the past half a decade when the infrastructure in the East area exploded from 2015 to present. .

Among the four rich streets in District 2, Thu Thiem is positioned as the focus of the high-end and luxury housing market thanks to being only far from District 1 by the tunnel crossing the Saigon River and new bridges. According to the assessment of Savills Vietnam, in the past few years, projects in Thu Thiem have recorded high growth as the infrastructure is gradually improving. The rapidly changing appearance of this place has attracted both domestic and international investors to flock here to develop the project.

Nguyen Loc Hanh, General Director of Ngoc Asia Real Estate Investment Joint Stock Company, confirmed that over the past half-decade, the apartment market in District 2 has continuously established new price levels due to the boom in low prices. floors (metro, ring road, new bridges constantly spring up) and established Thu Duc city. Notably, the projects offered for sale in the last 2-3 years in the areas of Thu Thiem, Thao Dien, An Phu, and Thanh My Loi are all in the luxury group, so the price of the next phase is always higher than the previous one.

According to Mr. Hanh, the fact that the market has established very high prices in new projects in rich streets also contributes to pushing up the prices of old projects in the neighborhood to increase significantly.

This is the reason why there are almost no cheap houses or newly built affordable apartments in District 2 now. House prices in Thu Thiem, Thao Dien, Thanh My Loi, An Phu in particular and District 2 in general are likely to continue to increase in the near future when the clean land fund in Ho Chi Minh City is ready for project development. Currently, there are not many projects,” Hanh forecast.

Trung Tin


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World gold price reached the highest level in 2 months

Gold price went up when the USD depreciated and inflation fears increased, many major central banks said that the basic interest rate of the local currency remained low.

Closing the session on November 8, spot gold on the New York market rose 0.33% and closed at $1,824 an ounce. This is the highest closing threshold of the spot gold price since September 7. At the Asian session this morning, the gold price is still flat, is trading around 1,824 USD. Meanwhile, the Dollar Index fell 0.3%.

Gold price movements in the last 24 hours. Photo: Kitco

Most of the world’s central banks still apply an adjustment policy. The large amount of cash in the system that is looking for destinations like gold or silver is still considered a tool to prevent inflation, according to analysis by senior expert at Kitco Metals – Mr. Jim Wyckoff.

Gold prices rose sharply on November 5 after the US Federal Reserve (Fed) and the Bank of England (BoE) delayed raising the basic interest rate.

Gold has so far benefited from the ultra-low interest rate environment created to support economies during the pandemic.

However, concerns about the possibility that central banks in many countries will begin to tighten policies to cope with rising prices have made investors wary of economic data.

Currently, the market’s attention is focused on the data on the consumer price index published on November 10.

Sugandha Sachdeva, vice president of commodity and currency research at Religare Broking, commented: “The US inflation data released on November 10 is likely to benefit gold as a hedge against inflation. triggered by the expected release of the biggest price increase since 1990.

Meanwhile, the government of the United Arab Emirates, one of the world’s largest gold trading hubs, will require all gold miners to undergo mandatory annual audits to prevent smuggling. gold smuggling.

On the stock market, on November 8, the S&P 500 index closed at a record high after the US Congress approved the infrastructure spending package.

Closing the session, the S&P 500 index gained 0.09% and surpassed 4,700 points to close at 4,701.7 points for the first time in history. The Dow Jones Industrial Average inched up 0.3% to close at 36,432.2 points; The Nasdaq index rose 0.07% to 15,982.3. All three of these indexes thus closed at record highs.

The US House of Representatives at the end of November 5 approved an investment package for infrastructure development with a scale of more than 1 trillion USD and sent it to US President Joe Biden for him to sign into law. The US Senate approved this package in August. The package is expected to provide new funding for transportation, telecommunications and many other infrastructure projects.

Information about the new infrastructure development package has helped stocks of many companies in the industry and raw materials increase sharply because this group of businesses is expected to benefit from this spending package.

The S&P 500 has set a record 64 sessions in 2021 and is up about 25% year-to-date.

Investors are waiting for information on inflation expected to be announced next week. In the coming days, producer price index and consumer price index are expected to be released.

The Fed is also looking at inflation and employment data to aim at normalizing monetary policy.

Dieu Thanh (Follow CNBC)


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Gold, US stocks close October together

In October, gold price increased by 1.76% while the stock market reversed spectacularly compared to September, continuously reaching peaks.

In the trading session on October 29, the gold price was under a lot of pressure when the dollar strengthened, the US Treasury bond yields increased, and investors were “stuck” in speculations about the economic support program from the recent recession. meeting of the US Federal Reserve (Fed) next week.

Closing the last trading session of October, spot gold on the New York market dropped 0.82% to $1,784.3 an ounce. In October, spot gold price increased by 1.76%.

The dollar index rose 0.3%, making gold more expensive for investors with other currencies.

Commerzbank analyst Daniel Briesemann commented: “From many angles, gold prices will benefit from the expectation of higher interest rates, but gold’s upside momentum will still be limited by the possibility of interest rate hikes. in the short term in the more distant future”.

The Fed is expected to announce its policy decision at its next meeting on November 2-3.

Gold is considered a tool to prevent inflation, reducing economic stimulus programs and raising the basic interest rate of the local currency often push up government bond yields and the dollar. Therefore, the attractiveness of the gold price will decrease.

As inflation shows no signs of abating, investors temporarily still see gold at current prices as an attractive asset, according to business manager at Silver Bullion fund Vincent Tie.

In October, the US stock market had its strongest month since November 2020, concerns related to the two largest businesses in the market including Apple and

In the last session of October, all three US stock indexes closed at an all-time high, the S&P 500 index officially closed the 59th session of the year.

Closing the session, the S&P 500 gained 0.2% to 4,605.3 points, the index gained 6.9% in October and thus had the strongest month since November 2020. The Nasdaq index also had its strongest month since November 2020, gaining 7.3%. On the trading day of October 29, the index gained 0.3% to 15,498.3 points.

The Dow Jones Industrial Average added 0.2 percent to 35,819.5 points. The index rose 5.8% in October, the strongest month since March 2021.

On October 29, both companies warned investors that successive supply chain troubles were adversely affecting their operations. Apple said that production problems with iPhones and other products will make it difficult to meet demand for phones during the year-end shopping season.

Amazon posted third-quarter revenue that fell short of experts’ expectations. At the same time, Amazon affirmed that difficulties in the labor market and supply chain will put a lot of pressure on fourth-quarter business profits.

For months now, investors have been very worried about the risks of economic disruption and have been trying to calculate the impact of persistent inflation, labor shortages and a slowdown in the global transportation industry. demand in global markets.

Although two large enterprises on the stock exchange gave negative information, the US stock market still rallied. Despite the worries, many fund managers and market strategists said they are satisfied with the business results of many US businesses to date and also because no asset other than stocks can be used. yield better returns.

The fact that the US stock market gained strongly in October showed a spectacular reversal of the market compared to September, when the stock market dropped due to a series of worries about inflation, the real estate market. . To date, about 82% of S&P 500 businesses have posted business results that are higher than experts’ expectations, according to FactSet calculations.

Dieu Thanh (Follow Reuters, WSJ)


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Gold price hits 6-week low

Gold price closed on September 23 at a 6-week low as investors bought more stocks and sold less assets that are considered safe.

The crisis related to the Chinese real estate group Evergrande was temporarily halted and the policy message from the US Federal Reserve – the Fed affected gold prices.

Closing the session, spot gold on the New York market dropped 1.42% and closed at $1,742.8 an ounce, a 6-month low.

Gold price movements on September 23.

Colin Cieszynski, head of market strategy at SIA Wealth Management, commented that the recent decline in gold prices has a lot to do with factors such as increased investor confidence and falling fear. Go.

Mr. Cieszynski analyzed, so far, the problems at the Evergrande real estate group have been resolved, and the Fed is aiming to tighten policy. At the same time in the UK, there are growing views towards tightening monetary policy. The trend of tightening monetary policy will have an impact on the gold price.

After a two-day policy meeting ending on September 22, the Fed expressed its view that it wants to narrow its bond-buying program and raise the dollar base interest rate before the end of next year. affect demand for gold if investors switch to yielding assets.

In particular, the Fed said that if the economic performance meets expectations, a slowdown in the pace of asset purchases is possible.

Fund manager at GraniteShares, Jeff Klearman, said the latest announcement shows that the Fed has taken a tougher stance. The agency is aiming to scale back the policy from November and then complete the asset purchase in June next year. In addition, investor sentiment is also more interested in the possibility that the Fed will raise the USD base rate at least once by 25 basis points in 2022 and at least 2 more times in 2023.

According to newly released information, the number of Americans filing for unemployment benefits for the first time increased to 351,000 from 335,000 in the week ended September 18. In addition, IHS Markit announced that the index of the US manufacturing industry in September fell to 60.5 points from 61.1 points previously.

The session on September 23, the US stock market increased to the second day because the fear related to the impact of the scandal involving the Chinese real estate group Evergrande subsided. In addition, investors are pleased that the Fed keeps monetary stimulus for a longer period of time.

Closing the session, the Dow Jones Industrial Average gained 1.48% and closed at 34,764.8 points; In the previous session, the index gained 338 points. The S&P 500 index rose 1.21% to close at 4,448.9; The Nasdaq index rose 1.04% to 15,052.2 points.

The fact that the indexes gained strongly in the session of April 23 helped the indexes gain again this week. Since the beginning of the week, the Dow Jones and S&P have gained 0.5% and 0.3%, respectively, while the Nasdaq has only gained 0.06%.

In the first session of the week, the Dow Jones index dropped more than 600 points and continued to fall deeply in the next session because of worries about the possibility of the collapse of Evergrande real estate group causing many long-term negative impacts on the global economy. .

However, the Hang Seng Index rallied more than 1% in the last session, and Evergrande shares gained more than 17% as investors seemed to believe that the Chinese authorities will not allow this business to completely collapse and will liquidity support for the market.

On the afternoon of September 22, the market received another positive policy message from the Fed, according to which the Fed will not immediately remove economic stimulus measures.

Dieu Thanh (According to MarketWatch, CNBC)


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Shares of Chinese tech giants recover

The drop of more than 40% from the peak has made stocks of China’s tech giants recently again in the hunt for investors.

Shares of China’s “Big Tech” group rallied earlier this week, as investor sentiment was untied by Tencent Holdings’ share buyback and Cathie Wood’s reinvestment in .

The Hang Seng Technology Index, which tracks the biggest tech companies in China, extended gains to 5.3%, up more than 2% after August 23, after having fallen for five consecutive weeks before That’s to an all-time low.

The Hang Seng Index, which measures the volatility of technology stocks, has rebounded after falling for 5 consecutive weeks. Photo: Bloomberg

There is no sign that the crackdown by Chinese authorities will ease, but the lack of new measures in recent days has attracted investors on the hunt for cheap stocks, especially as the index This has fallen into oversold territory last week.

“We’re seeing bottom-fishing in the market, including strong purchases of Tencent and Alibaba shares,” said Jackson Wong, chief asset manager at Amber Hill Capital.’s better-than-expected business results helped change market sentiment, especially when Cathie Wood’s Ark Investment Management also returned to buy shares of this company after reducing the proportion of Chinese shares to close to 0% before. In addition, the move to continue buying shares of Tencent also adds to the positivity.

Shares of Tencent, China’s largest company by market value, rose as much as 7.8% while Alibaba Group Holding, which had fallen to a record low on the Hong Kong Stock Exchange, also gained more than 6%., an e-commerce giant, rose as much as 12%, to its highest level since July 29. Meituan rose 12%, while Kuaishou Technology gained nearly 17%, the highest since February.

“While investors remain concerned about repressive regulations,’s growth has somewhat offset the anxiety,” said Linus Yip, strategist at First Shanghai Securities. “Valuation seems to have become attractive if investors want to hold for six months or longer.”

MSCI, the world’s largest index provider, also dismissed concerns about the outlook for Chinese stocks, citing historical data.

“China’s regulatory tightening happens once every three, four, five years and it was clear that the market sold off at that point. But very quickly the market recovered and set a record. new continent,” said Henry Fernandez, Chairman and CEO of MSCI in an interview with Bloomberg.

In addition, some investors took advantage of the opportunity to buy in during the sell-off. Hugh Young, the head of Aberdeen Standard Investments, said earlier this month that his company has bought more shares of Tencent and kept most of its large tech holdings unchanged.

Minh Son (according to Bloomberg)


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Many people who borrow money to invest in rental houses are in trouble during the epidemic season

Ho Chi Minh CityIn the past 6 months, Mr. Tung has had to ask for money from relatives, even take a hot loan to pay bank interest because of a bad debt warning, when the rental house is vacant.

Mr. Tung, an investor, said he bought a townhouse in front of Binh Thanh district, Ho Chi Minh City for VND 18 billion since 2019, including a loan of 30% of the property’s value paid monthly with mining money. rental and income from import and export business are quite favorable. Before the pandemic, he, like many others, borrowed only 30% of the property’s value, which was considered very safe.

But the situation reversed when the epidemic hit. In 2020, the global supply chain was broken due to the impact of the Covid-19 pandemic, his business was sluggish and only depended on the rent of the front house to pay the bank debt. This investor’s shortfall is compensated with the family’s accumulated savings. However, although the rental price of the premises decreased by 15-20-30-50% in turn according to the epidemics, it still could not hold back tenants because of poor business performance.

Since the end of 2020, the last tenants have left Mr. Tung’s townhouse for rent due to the sluggish business that cannot afford the cost of renting the premises. Tenants moved out, the third and fourth wave of Covid-19 epidemics came, respectively, leaving the premises for rent reduction still vacant, the landlord had to bear the bank loans when the rental revenue fell to zero but debt The loan principal and interest must still be paid in full.

Tung shared that in the first year of Covid-19 he was still struggling because he was entitled to a preferential interest rate in the first 12 months of the loan. From the first quarter of this year, interest rates floated, skyrocketing to double digits, Mr. Tung wiped out his family’s savings to pay off bank loans every month, until the second quarter, he had to ask for help to borrow from relatives because of cash flow exhaustion. . “Since the beginning of August, for the first time in my life, I risked taking a hot loan to repay a bank loan,” Tung confided.

This investor calculates that the large-front townhouse is difficult to sell during the epidemic season, so the solution is to sell the family’s agricultural land in Dong Nai to manage cash. However, the land plot market was quiet throughout the second quarter, only hoping to sell land in the third quarter.

“I’m stuck with a bank debt and have been continuously collecting bad debts for the past 6 months, the cash is short before and after. When buying a townhouse with a facade for rent, even if I had a dream, I would not have expected this nightmare.” , Mr. Tung confided.

Ho Chi Minh City real estate market. Photo: Quynh Tran.

Meanwhile, Mr. Quang is known as the owner of a high-class apartment for rent in the rich street of Thanh My Loi, District 2, but has a bank mortgage. Since buying this 3-bedroom apartment, Mr. Quang has become a debtor of the bank, having to pay interest each month tens of millions of dong in rental money. From the first quarter of 2021, the rent of Quang’s apartment from the threshold of 1,500 USD a month has decreased to 850 USD. In the fourth wave of the epidemic, foreign tenants returned home due to a decrease in income. With zero rental revenue, Mr. Quang was short on loan repayments, and banks repeatedly warned that if he was classified as a bad debtor, his assets could be forfeited.

According to the survey of VnExpressDuring the fourth epidemic, many types of rental real estate were deeply in crisis. From townhouses with frontage for rent to condominiums, serviced apartments, and motel rooms, rents have all recorded a sharp decline. There are even cases where the tenants pay the premises, accept the loss of the deposit, pay a penalty for breach of the contract to cut losses because business is extremely difficult. From June to now, the rental real estate market has been continuously affected by the blockade, the closure of shops, the wave of land payment and house payment increased sharply.

Mr. Nguyen Hong Hai, Chairman of the Board of Directors of VNO Group, confirmed that people who borrow money from banks to invest in rental real estate, in the past time, have lived in nightmares. The wave of rent reductions of properties belonging to the housing, commercial and service groups is taking place quite seriously during the fourth epidemic, causing many people who borrow from banks and pay interest with rental money to fall into bad debt. .

Mr. Hai analyzed that not all landlords can buy properties with 100% of their own capital and then exploit them for rent like the “chicken that lays golden eggs” scenario. For many people with rental properties behind the pink picture is a challenging survival problem, borrowing from one end to the other. In fact, 70-80% of people with rental properties have bank loans or incur many different costs for the rental income received.

Currently, the landlords who are still receiving rent are among the lucky minority of investors, this number accounts for a relatively low proportion during the peak period of the fourth epidemic. Less fortunate landlords who fall into the category of non-renters (empty houses), with the pandemic causing the rental market to decline and stagnate, will face a lot of pressure.

Low-weight bank borrowers, previously considered to be in the safe group, only borrowing 30-50% of the property’s value, are now in a difficult situation when they lack income and have no tenants. Meanwhile, bank borrowers 70-80% of the asset value are considered to be lost after the epidemic if they do not pay interest on time. Because when borrowers are classified as insolvent, long overdue debts, they will be disbursed forever.

Chairman of the Board of Directors of VNO Group divided the rental real estate investment market into 3 groups. In the first case, borrowing to buy rental properties, waiting for the price of real estate to increase for profit, but unable to rent because of the epidemic, the property cannot be sold, and the price does not increase as expected. If there is no other source of income to spare, the high probability of bad debt can lead to asset sale

In the second case, renting real estate for sublease, the more difficult it is during the fourth epidemic, the loss and the possibility of bankruptcy is high. If the rental is not the main source of income, the lessor can reduce the rent for the tenant up to 20-30% because it still depends on the level of support from the landlord.

In the third case, real estate leasing purchased with idle money, without debt and without paying interest, can reduce the rental price by 30-50% or for installments or deferred payments, but this amount is very small.

Mr. Hai assessed that, even with the rapid and timely vaccination situation, by the end of 2021, the rental real estate market will not be able to recover soon. If the epidemic lasts for another 2-3 months, the first and second cases have a high risk of bankruptcy.

“At this time, it is very necessary to support from banks to reduce interest rates for borrowers for 3-6 months or extend principal loans for borrowers until the end of this year to help them overcome this challenging and uncertain period.” , he said.

Trung Tin


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Banana prices fell sharply

Difficult to export while weak domestic purchasing power caused banana prices to plummet to 1,500-7,000 VND per kg at the garden.

Growing half a hectare of bananas, Mr. Tuan in Kon Tum said, for the past 2 weeks, very few traders have gone to buy them while his banana garden has come to harvest. Instead of selling bulk buckets for export as before, he now sells only a few rooms sporadically every day to domestic traders.

“Yesterday, I sold 2 quintals (7 chambers) in advance, for 1,500 dong per kg. This year, the whole garden will only get 2-3 million dong while last year it was up to 15 million dong,” he said. , if not sold also to rot and considered lost.

Not only in Kon Tum, but also in Dong Nai, the capital of exporting bananas, prices are also falling sharply.

Bananas at a garden house in Kon Tum. Image: Le Minh.

Mr. Tu, a banana grower here, said that this year the epidemic broke out so traders bought bananas for export to slow down. Therefore, with beautiful orchards, the price is only 5,000-7,000 VND per kg, down 50% compared to last year.

Acknowledging that the price of bananas is fluctuating erratically, Mr. Hoa, a trader in this area, said that the price of bananas sold in the country fell sharply, with some gardens he only bought 3,000-5,000 VND per kg. Particularly for old bananas exported to China and Japan, the price is 6,000-7,000 VND per kg, down 30-50% compared to last year.

The price fell sharply, according to Mr. Hoa, due to the complicated epidemic that made the domestic market difficult in circulation and transportation. And the export market also reduced buying. Especially the Chinese market (where large consumption) has recently increased the area of ​​banana cultivation, so their purchasing volume is decreasing.

Exchange with VnExpressMr. Ly Minh Hung, Director of Thanh Binh Cooperative (Trang Bom, Dong Nai) also admitted that this year banana exports were slow, so the price went down quite sharply. In addition to the cause of the epidemic, the export markets are now reducing purchases. Meanwhile, banana growing area is increasing, making the supply abundant.

According to the Import and Export Department (Ministry of Industry and Trade), the price of Chinese bananas imported in April was $540.21 a ton, down from the same period last year. In addition to the cause of the disease, some production areas do not ensure the storage temperature, bananas ripen quickly and are easily damaged, causing quality loss, so the price decreases.

Moreover, China is also in the banana season, so there is an oversupply. Meanwhile, tropical fruits are in high season, cheap prices make bananas strong competition.

Dong Nai has 10,400 hectares, the output in the first 5 months of the year reached 55,512 tons, including: old South American banana, Su banana, Cau banana and some other banana varieties.

Bananas in Dong Nai are harvested all year round, accounting for about 80-90% of output, export accounts for 80-85%, of which exports to China account for 95%.

Hong Chau


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Takashi Ocean Suite Ky Co welcomes Quy Nhon resort tourism

Takashi Ocean Suite Ky Co was launched to anticipate the potential tourism growth of Quy Nhon.

Quy Nhon city (Binh Dinh) owns more than 72 km of coastline with many scenic spots such as Eo Gio, Ky Co, Hoang Hau beach, Green island… Along with many natural tourist conditions, the Humanistic factors also help tourism in this city develop, such as the local people who are always warm and hospitable, the diverse cuisine with many unique specialties, attracting domestic tourists. and international.

The attractiveness and excitement of coastal city tourism is reflected in the awards and recognition of the international community. In 2020, the travel magazine Rough Guides (UK) voted Quy Nhon in the top 3 leading destinations in Southeast Asia, a focus for green resort tourism in the future. This place is also named in the list of 20 best tourist destinations in 2020 of Hostelworld – the world’s largest hostel booking website. The provincial capital of Binh Dinh is also one of three tourist cities in Vietnam to receive the “ASEAN Clean Tourism Cities 2020” award at the Southeast Asia Tourism Forum – ATF 2020.

Quy Nhon has a long coastline with clear blue sea, easy to attract tourists. Image: Shutter Stock.

Promoting the above strengths, Quy Nhon city has set a goal that by 2025, it can welcome over 6.6 million tourists, including 0.9 million international visitors. The average growth rate of visitors reached 6.35% and tourism revenue reached VND 13,500 billion, an average increase of 13.6% per year.

In the face of the strong tourism development plan, resort real estate here also has more growth resources, especially in the high-end segment when the supply is still low. According to statistics of Binh Dinh Department of Tourism, by the end of August 2020, the whole province has 323 accommodation establishments, providing 7,940 rooms. The market has one 5-star hotel, 15 3-4-star hotels, the rest are mostly 1-2-star hotels and tourist-standard accommodation facilities.

Accompanying the policy of developing Quy Nhon tourism, Danh Khoi Group introduced the Takashi Ocean Suite Ky Co project, the first Japanese-style tourist urban area in Nhon Hoi Economic Zone, on Phuong Mai peninsula. A representative of this business said that the project was launched to anticipate the increase in the number of tourists to Quy Nhon, leading to the potential of the resort accommodation type.

Perspective of Takashi Ocean Suite Ky Co project.  Photo: Danh Khoi Group.

The overall perspective of the Takashi Ocean Suite Ky Co project. Perspective photo: Danh Khoi Group.

Each apartment at Takashi Ocean Suite Ky Co is designed according to the standard of a hotel suite with accompanying quality services, providing a relaxing experience space. With architectural features and landscapes with Japanese identity and facilities that simulate the cultural quintessence of the cherry country, Takashi Ocean Suite Ky Co is expected to be a new exciting entertainment center in Quy Nhon.

The project is divided into 4 subdivisions simulating the famous cities of Sapporo, Kyoto, Osaka and Tokyo of Japan. Currently, customers can pay 139 million VND in advance to own a beach apartment and have the opportunity to receive 3 gold coins in the promotion program for the first 500 seats.

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HoSE order matching liquidity set a record

The value of matched transactions in session 2/6 reached more than 24,000 billion dong, a record of HoSE so far.

The market struggled strongly today (June 2), coming back after HoSE had to stop trading in the afternoon (June 1) due to a sudden increase in liquidity leading to concerns about system safety.

VN-Index plunged at the opening with the selling force skyrocketing. The unstable state of trading, along with many hot stocks recently, had a negative impact on investors. The crowd effect is also activated when the red color on the electronic board makes many people unable to maintain their psychology. The selling increased rapidly, mainly in banking and securities, causing many key codes to drop deeply.

However, when some large stocks in this group fell 3-4%, VN-Index retreated to close to the threshold of 1,330 points, the demand appeared. Orders to buy at low prices quickly entered the system causing the market to rise again, many codes returned to near reference. The uptrend slowed down after 10am when many securities companies announced to stop editing/cancelling orders. Concern about instability in the afternoon session increased the supply. The market is down again.

But like the morning session, when the stocks dropped deeply and the market was still smooth, the buying force regained the upper hand. The market returned at the end of the afternoon session, with the VN-Index closing in the green, gaining 0.22%. VN30-Index was in the opposite direction when it dropped 0.27%.

Although starting the session with a slow state, exploration sentiment, the liquidity of the whole session still skyrocketed when the market reversed continuously. HoSE closed the session with more than 26,100 billion dong of liquidity, of which more than 24,100 billion matched orders, a record number ever.

Talk to VnExpress This afternoon, Mr. Le Hai Tra – General Director of HoSE said, the system’s processing capacity can still be higher than this liquidity level.

VN-Index closed the session on June 2, gaining 0.22% with a record-high order-matching liquidity. Image: SSI.

By the end of the session, the green color dominated with 228 gainers on HoSE compared to 187 losers. Particularly for VN30 group, the red color was more dominant with the ratio of 15:13 compared to the number of advancers.

Information about rising oil prices helped the oil and gas group become the focus of today’s session. PVB, BSR, GAS increased by more than 4%, PVS, PVC increased by nearly 4%, OIL increased by 2.9%, PLX, PVD increased by nearly 1%.

Securities group regained momentum when the market reached a peak in liquidity. SSI was the highest gainer in the VN30 group, adding 5.3%. VND, PSI, SBS gained to the limit, SHS, MBS increased by more than 4%, many other codes far exceeded reference.

In contrast, HPG was the biggest loser in the large-cap group, losing 2.7%. Foreign investors continued to sell strongly this code today with a net selling volume of more than 17 million shares. VIC dropped more than 2% with foreign investors net selling more than 1.5 million shares. FPT, REE, POW dropped nearly 2%, BID, MSN, CTG fell more than 1%.

Minh Son