Markets

The aggressive crackdown on counterfeit and pirated goods presents a prime opportunity to purge the market of illicit activities and foster the growth of legitimate businesses. This decisive action sends a clear message that only those who operate within the confines of the law will thrive, creating a level playing field for all law-abiding enterprises.

"With Europe's energy crisis deepening, a senior official from the country has asserted that the continent will have no choice but to revert to using Russian gas. As energy prices soar and winter approaches, this statement highlights the complex geopolitical dynamics at play and the challenging decisions that lie ahead for European leaders."

The world's central banks are increasingly turning their attention to gold as a strategic reserve asset, with a continued strong buying trend expected over the next 12 months, marking a shift away from reliance on the US dollar.

The domestic gasoline and oil prices have surged significantly in the latest adjustment on June 19 compared to the previous period on June 12. Specifically, E5RON92 gasoline rose by VND 1,169 per liter, while RON95-III gasoline witnessed a hike of VND 1,277 per liter. Similarly, oil prices also increased, ranging from VND 1,182 to VND 1,456 per liter.

The silver market witnessed a synchronized downturn, with prices dipping both domestically and globally.

The challenges emanating from the US market not only escalate costs but also necessitate businesses to optimize their supply chains and logistics to maintain a competitive edge in the realm of global commerce.

Gozo Express is taking a bold step towards sustainability by integrating electric vehicles into its fleet. This strategic move underscores the company's commitment to environmental responsibility and positions it at the forefront of the logistics industry's green evolution. With this initiative, Gozo Express is not just transporting goods but also driving the transition to a cleaner and more sustainable future.

The resilient buying power in the afternoon session propelled the stock index to continuously surge. VN-Index swiftly surpassed the reference level and closed at 1,352, a gain of over 5 points.

The VN-Index surged, successfully surpassing the 1,350-point resistance level. For this upward trend to solidify, confirmation from trading volume is necessary. The Stochastic Oscillator is pointing upwards and has already given a buy signal, while the MACD is narrowing its gap with the signal line, potentially providing a similar indication. These signals bode well for the index's short-term positive outlook.

Cambodia is emerging as a significant supplier to Vietnam for this particular product. With a steady increase in production and a focus on quality, Cambodia is quickly becoming a key player in the industry. The country's dedication to meeting the demands of the Vietnamese market showcases its potential to become a prominent figure in the region.