Advantage for Boosting Economy during ‘Recovery Month’
If January is still considered a month of leisure, or simply, if there is still a mindset of relaxation and not being determined, it will be very difficult to achieve high productivity in production and business.
This is the opinion of TS Le Quoc Phuong, former Deputy Director of the Industrial and Commercial Information Center (Ministry of Industry and Trade), emphasized when exchanging with PV VOV Transport.
PV: So far, it can be considered that the traditional Tet is over, and the first quarter of 2024 has passed. With his observations, how does he assess the pace of our country’s economy in recent times?
TS Le Quoc Phuong: The statistics in recent times, although not long, but also give us a relatively positive view of the prospects for our country’s economic recovery this year.
The first is the index of industrial production in January 2024 increased by over 18% compared to the same period last year. In terms of import and export, as of mid-February 2024, exports increased by nearly 22% compared to the same period last year, and imports increased by over 12%.
Agibank Securities (Agriseco) believes that the closing index at the highest level of the session is leaving the opportunity open to further positive momentum and is trending towards the next resistance level around 1,280 (+-5) points.
Ms. Nguyen Thi Thu Tam, the younger sister of Mr. Nguyen Duc Tai - Chairman of the Board of Directors of Mobile World Investment Corporation (HOSE: MWG), has recently registered to sell 200,000 MWG shares from March 14th to April 12th, 2024, due to personal financial needs.
Opening on February 7th, the price of SJC gold has increased significantly by about 400-500 thousand dong/tael compared to yesterday. Accordingly, the selling price of SJC gold has reached nearly 79 million dong/tael. The price of plain gold rings has also increased sharply, with some places reaching nearly 66 million dong/tael.
The price of USD in the free market continued to decline today. The selling price of USD has decreased to the level of 25,700 VND/USD. The price of USD in the official market has also cooled down.
The proposed replacement for Decision 60/2017 stipulates that all land plots, both before and after subdivision, must abut a transportation route approved by the relevant authorities.
The Hoang Anh Gia Lai Joint Stock Company (HAGL) has announced the resignation of Mr. Nguyen Chi Thang from their Board of Directors. Mr. Thang tendered his resignation on May 7th, citing personal reasons.
The market closed with the VN-Index down 3.94 points (-0.32%) to 1,244.7, while the HNX-Index climbed 1.1 points (0.47%) to 235.68. Bears dominated the market breadth with 396 declining stocks against 342 advancing ones. The large-cap stocks in the VN30-Index basket painted a similar picture, with 22 losers, 4 gainers, and 4 stocks closing flat.
The market ended the session on a positive note, with the VN-Index climbing 1.68% to 1,241.58 and the HNX-Index gaining 1.78% to close at 232.29. The market breadth tilted in favor of bulls with 583 advancing stocks against 189 declining ones. The large-cap stocks in the VN30 basket painted a rosy picture, as evident from 28 gainers and merely 2 losers.