Morning news 11-6: USD price on 'black market' skyrockets; 'Star' with price increase on stock exchange revealed

Some notable news: The National Assembly discussed major policy groups to amend the Law on Public Investment; In the first 10 months of the year, social insurance, unemployment and health insurance revenue increased by nearly 13% over the same period; Vietnam reached a record of 9 million securities accounts...

A meeting of parliament

National Assembly discusses major policy groups to amend the Law on Public Investment

According to the meeting agenda, this morning (November 6), the National Assembly will discuss in the hall the draft Law on Public Investment (amended).

At the end of the discussion session, Minister of Planning and Investment Nguyen Chi Dung will explain and clarify a number of issues raised by National Assembly deputies.

GOLD PRICE UPDATE

Previously, Minister Nguyen Chi Dung emphasized the main contents of the bill to specify 5 major policy groups.

Specifically, the policy group institutionalizes pilot and specific mechanisms and policies that have been approved by the National Assembly. The policy group continues to promote decentralization and delegation of power.

Policy group on improving the quality of investment preparation, resource exploitation, and capacity to implement public investment projects of localities and state-owned enterprises.

Policy group on promoting the implementation and disbursement of ODA capital plans and preferential loans from foreign donors (foreign capital).

Along with that is a group of policies on simplifying procedures; supplementing and clarifying concepts, terms, and regulations, ensuring consistency and unity of the legal system.

In the afternoon, the National Assembly will discuss in the hall the draft law amending and supplementing a number of articles of the Law on Planning, the Law on Investment, the Law on Investment under the public-private partnership model and the Law on Bidding.

After that, Minister of Planning and Investment Nguyen Chi Dung will explain and clarify a number of issues raised by National Assembly deputies.

In the first 10 months of the year, social insurance, unemployment and health insurance revenue increased by nearly 13% over the same period.

News from Vietnam Social Security said that in the first 10 months of 2024, social insurance, unemployment insurance, and health insurance revenue increased by nearly 13% compared to the same period in 2023.

Social insurance officers process participants' files in Vinh Phuc province - Photo: HA QUAN

Compared to the same period last year, the number of people participating in social insurance reached over 19.3 million people (an increase of nearly 11.4%). The number of people paying unemployment insurance reached about 15.5 million people (an increase of 9.2%).

The number of people participating in health insurance reached nearly 94 million, an increase of over 3%. The number of people withdrawing social insurance at one time decreased sharply.

However, the development targets for social security net participants are still lower than planned, the debt ratio is still high, and in some places, the cost of medical examination and treatment under health insurance exceeds the estimate...

In the coming time, the social insurance sector will continue to strictly manage the fund; ensure adequate funding for health insurance medical examination and treatment facilities, promote the responsibility of leaders; prevent corruption and waste; strictly handle violations...

Black market USD prices skyrocket, going against banks

The central VND - USD exchange rate announced by the State Bank on November 5 was 24,248 VND, down 5 VND compared to yesterday.

Illustration

At commercial banks, the USD selling price decreased slightly but the buying price increased.

As at Vietcombank, this bank listed the price of each USD at 25,130 - 25,460 VND (buy - sell), an increase of 35 VND for buying and a decrease of 5 VND for selling.

Similarly, at Eximbank, this bank sells each USD at 25,460 VND, and buys at 25,120 VND, an increase of 10 VND in buying and a decrease of 5 VND in selling.

By increasing buying prices and slightly reducing selling prices, banks are narrowing the gap between buying and selling to about 300 - 400 VND per USD.

Meanwhile, in the free market, the selling and buying prices of USD were 25,780 - 25,880 VND respectively, both up 90 VND compared to the previous session.

Vietnam hits record 9 million securities accounts

According to data from the Vietnam Securities Depository (VSD), the total number of securities investor accounts in Vietnam exceeded 9 million at the end of October.

The number of investor accounts increased by nearly 157,000 accounts in October 2024. The increase in accounts was mainly from the group of domestic individual investors with nearly 156,600 accounts.

Illustration: QUANG DINH

Thus, since the beginning of the year, the number of securities accounts of domestic investors has increased by more than 1.72 million accounts, reaching nearly 8.96 million accounts, equivalent to about 9% of the population. This figure is also close to the target of 9 million accounts set for 2025.

However, the number of securities accounts increased sharply in the context of the stock market experiencing many fluctuations and low liquidity. This shows that the number of newly opened accounts increased, but the money flow has not really flowed into the market.

Real estate tycoon fined for quietly selling all capital at Seafood Corporation

The State Securities Commission has just issued a decision to sanction administrative violations in the field of securities against Huong Cong Vien Real Estate Investment Company Limited, headquartered in Phu Nhuan District, Ho Chi Minh City.

Accordingly, this enterprise was fined 120 million VND for not reporting when it was no longer a major shareholder.

Specifically, Huong Cong Vien Real Estate Investment Company Limited sold 350,000 shares of Vietnam Seafood Corporation (SEA) on February 1, 2024. This transaction resulted in Huong Cong Vien Company's ownership ratio after the transaction decreasing from 14.2% to 13.74%.

On February 2, 2024, Huong Cong Vien continued to sell more than 17.17 million SEA shares, causing the share ownership ratio after the transaction to decrease from 13.74% to 0%. However, the Hanoi Stock Exchange did not receive a report that the company was no longer a major shareholder as prescribed.

Revealing the "stars" with increasing prices on the stock market

According to the report of Hanoi Stock Exchange (HNX), the stock market listed on HNX had a decrease in stock price and increase in liquidity in October.

The average trading volume of the market reached 54.2 million shares/session, down 5.7%, equivalent to an average trading value of VND999.5 billion/session, down 8.46%.

A stock trading session at MB Securities Joint Stock Company (MBS) North Saigon branch, Phu Nhuan district, Ho Chi Minh City - Photo: QUANG DINH

In October 2024, the 3 stocks with the best liquidity in the market continued to be SHS, CEO and MBS, which are also the stocks with the highest trading volume since the beginning of the year.

Of which, SHS shares had a trading volume increase of 64.9%, reaching 292 million shares, accounting for 21.41% of the total market.

Next is CEO stock, up 5%, reaching 99 million shares, accounting for 7.29% of the market. MBS stock volume increased 19%, reaching 80.4 million shares, accounting for 5.89%.

Regarding trading prices, HNX said that in October 2024, the stock code BKC of Bac Kan Minerals JSC increased the most, with the closing price at the end of October trading session increasing by 79.69%, reaching VND 11,500/share.

Coming in second is PGT stock of PGT Holdings JSC with an increase of 70.97%, reaching VND5,300/share. Following that is TFC stock of Trang JSC with an increase of 41.74%, reaching VND32,600/share...

Dengue fever in Ho Chi Minh City increases continuously

According to news from the Ho Chi Minh City Center for Disease Control (HCDC) on the evening of November 5, the dengue fever and measles epidemic situation in Ho Chi Minh City in week 44 (from October 28 to November 3) both increased.

For dengue fever, during this period the city recorded 661 cases, an increase of 21% compared to the average of the previous 4 weeks.

The total number of dengue fever cases accumulated from the beginning of 2024 to week 44 is 10,641 cases. Districts with high number of cases per 100,000 people include District 1, Thu Duc City and District 7.

Treating children with dengue fever at Children's Hospital 1 (HCMC) - Photo: XUAN MAI

Notably, dengue fever has been showing signs of continuous increase in the past 4 weeks, from 516 cases in week 41 to 661 cases in week 44. The number of hospitalizations in the past week also increased with 414 cases, an increase of 89 cases compared to the previous week (of which 113 cases were staying in other provinces, accounting for 27.3%). The average number of severe cases treated is 12 cases/day.

This week, Ho Chi Minh City recorded 141 measles cases, an increase of 18% compared to the average of the previous 4 weeks (119.5 cases). The total number of measles cases accumulated from the beginning of the year to week 44 is 1,448 cases. Districts with high numbers of cases include Binh Chanh district, Binh Tan district and Thu Duc city.

In response to the increasing number of new measles cases, Ho Chi Minh City will add two groups of people to be vaccinated against measles, including: people in classes with measles cases in middle and high schools and people caring for immunocompromised people, including children and adults at social assistance facilities or drug rehabilitation centers under the Department of Labor, War Invalids and Social Affairs of the City.

For hand, foot and mouth disease alone, Ho Chi Minh City recorded 450 cases in week 44, down 8.8% compared to the average of the previous 4 weeks.

The total number of hand, foot and mouth disease cases accumulated from the beginning of 2024 to week 44 is 14,729 cases. Districts with high number of cases per 100,000 people include Binh Chanh district, Nha Be district and District 8.

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Source: https://tuoitre.vn/tin-tuc-sang-6-11-gia-usd-cho-den-tang-vot-lo-dien-ngoi-sao-tang-gia-tren-san-chung-khoan-20241105194348397.htm