Hanoi buying blow

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Hanoi buying blow

On the southern bourse, the breadth was negative as stocks declined, while 41 increased. The number of decliners surpassed gainers in the VN30 basket by 28 to two. Banking stocks also performed poorly on Thursday. Shares of the lender rose by 1. He attributed today's adjustment session to psychological factors. The economy is showing better recovery and foreign investors are starting to net buy again. Foreign investors showed signs of bottom-fishing on Thursday's trading session. Home Economy. Market suffers strong selling pressure while foreign investors return to net buying August 02, - The market began August with a significant drop, severely impacting the recovery efforts from the previous session. With borrowing costs effectively controlled, VPBank attained stable growth across strategic segments in the second quarter of the year. As a new decree comes into force, the statistical data each month will be published on the 6th next month, delaying the publication date by six or seven days compared to the existing date. Cong Pham has assessed. The highest rise was seen in the group of medicines and healthcare services, at 7. VN seeks European co-operation for green transformation 1.

How are illegal possession of drugs dealt with in Vietnam?

Hanoi buying blow

Russian President Vladimir Putin arrived in Vietnam to a rather muted welcome, a contrast to his lavish visit to North Korea earlier this week. At the airport, he was greeted by lower-ranking Vietnamese ministers. But things picked up quickly enough — Putin met with Nguyen Phu Trong, Vietnam's communist party chief, the new state president, To Lam, and signed more than a dozen accords on bilateral cooperation, including education, medicine, fossil fuels and a nuclear science and technology center in Vietnam. None of the documents that have been made public are linked to defense, but Vietnamese President Lam said there were other deals that will remain secret. The visit has already prompted condemnation from Washington, with the US saying Vietnam welcoming Putin was normalizing Moscow 's 'blatant violations of international law,' referring to Russia's full-scale invasion of Ukraine. As part of its neutral foreign policy , Hanoi is eager to make clear that it isn't an ally of the United States, nor a vassal state of China. Russia was not invited to the summit. All of this is fully in line with the spirit and nature of our relations,' Putin said on Thursday, according to Russian state media. Analysts agree that security issues were the paramount reason for Putin's visit, even with Russian and Vietnamese media focusing mainly on the economy. Up until , Russia was the largest provider of weapons to Vietnam. The imports have tanked since Russia's invasion of Ukraine. However, a leaked document from the Vietnamese finance ministry, dated March , indicated that Hanoi plans to modernize its military by secretly paying for arms purchases from Russia via payments to the joint Vietnamese and Russian oil venture Rusvietpetro, which has oil and natural gas operations in Siberia. US and Vietnamese authorities declined to comment on the document. Rumors suggest that Hanoi is trying to purchase fighter aircraft and BrahMos anti-ship missiles — supersonic cruise missiles designed by a joint Russian and Indian venture — from Russia. Russian systems would also be easy to integrate into the Vietnamese military without extra training, as the Vietnamese forces have decades-long experience using, and maintaining, Russian weapons. But Vietnam is also wary of provoking China , with whom it is locked in a long-standing naval dispute in the South China Sea. Since its full-scale invasion of Ukraine in February , Russia has become far more economically and geostrategically dependent on China. Indeed, it has long been suspected that Beijing has pressured Russia not to sell BrahMos missiles to Vietnam. There are now concerns that losing Russian support would leave Vietnam with fewer strategic options. The West may not be too eager to rock the boat and openly pressure Vietnam as its geopolitical weight grows in Asia. However, it could use economic ties to try and steer Hanoi away from Moscow. Before Putin's arrival, a spokesperson for the US Embassy in Hanoi told the Reuters news agency that 'no country should give Putin a platform to promote his war of aggression and otherwise allow him to normalize his atrocities. Before you leave: Every Friday, the DW Asia newsletter delivers compelling articles and videos from around the continent right to your inbox. Subscribe below. Latest videos Latest audio. Latest audio Latest videos. In focus. Secret dealings between Vietnam and Russia? Is Russia running low on tanks? Skip next section Explore more Explore more Ukraine peace summit gets underway with over 90 countries. Ukraine peace summit gets underway with over 90 countries Organizers say that the two-day summit in Switzerland aims to eventually bring Russia to the table to end the war in Ukraine. Despite Zelenskyy's diplomatic efforts ahead of the summit, China, and many Global South countries with close ties to China are absent. Why Putin chose an economist as Russia's defense minister. Why Putin chose an economist as Russia's defense minister Russian President Vladimir Putin has appointed the economist Andrei Belousov as his new defense minister. His job will be to strengthen the Russian armed forces and arms industry. NYT report on Vietnam's secret weapons deal www. Related topics.

Hanoi buying blow