America: ‘Made in China 2025’ has a negative impact, distorting the marketAccording to Bloomberg, the 2021 foreign trade barrier forecast published by US Trade Representative Katherine Chi Tai on March 31 shows that the “Made in China 2025” strategy announced by China in 2015 includes the Extensive state intervention and support, and at the same time restricting and discriminating against foreign enterprises. The view of the US government under President Joe Biden is consistent with that of the government under former US Presidents Barack Obama and Donald Trump.
The Chinese foreign minister repeatedly used the intention of confronting the United States when visiting the Middle East
Closing the trip on March 30, Chinese Foreign Minister Wang Yi promised to cooperate with six Middle Eastern countries, mainly Islam including Saudi Arabia, Turkey, Iran, UAE, Bahrain and Oman.
During his visit, Mr. Wang tried to boost the confidence of these six countries in China – an economy facing sanctions from the US, the European Union (EU), the UK and Canada over accusations of human rights violations in Xinjiang autonomous region. In addition, to reduce the dependence on the dollar, Mr. Wang also encouraged the Middle East to use local currencies for commercial transactions.
Fitch Ratings has rated Vietnam with ‘positive’ outlook
On April 1, Fitch Ratings announced the rating of Vietnam’s ceiling for long-term foreign currency deposits at BB and raised the outlook from “stable” to “positive.”
Fitch Ratings, according to a representative of the Ministry of Finance, raised the outlook to “positive”, reflecting Vietnam’s ability to recover growth, one of the few economies in the Asia-Pacific region belongs to the group of BB countries that can maintain positive growth at 2.91% by 2020 in the context of the COVID-19 pandemic.
Hoa Phat profit margin is forecasted to be positive thanks to the sharp increase in HRC price
In a recent analysis report on Hoa Phat Group (Ticker: HPG), Rong Viet Securities (VDSC) said that the HRC price has increased 10% since the beginning of 2021 due to the recovery of demand in many regions, while Iron ore supplies continue to stagnate in Brazil, and transportation costs are becoming expensive.
Because Hoa Phat is domestically produced and does not take this transport cost, it is not negatively affected, and can achieve a higher gross profit margin, VDSC said.
Becamex IJC targets a 68% increase in profit by 2021
The Board of Directors of Technical Infrastructure Development Joint Stock Company (Becamex IJC, Ticker: IJC) has just approved a consolidated business plan in 2021 with revenue up 43% compared to the implementation in 2020 to 3,072 billion VND. Pre-tax and after-tax profit targets increased by 77% and 68% to 797 billion and 622 billion respectively.
With the parent company Becamex IJC, the Board of Directors plans to achieve revenue of VND 2,788 billion, an increase of 41% compared to the result of 2020. Profit before tax and after tax are expected to increase 64% and 57% to 772 billion VND and 605 billion VND.
Hoa Sen Group wants to divest from Hoa Sen Du Long
The Board of Directors of Hoa Sen Group (Ticker: HSG) has just approved the policy of transferring all shares in Hoa Sen Du Long Industrial Park Infrastructure Investment Joint Stock Company – the unit as an investor in construction and infrastructure of Du Long Industrial Park.
The transfer objective is to recover the Group’s investment capital in accordance with the adjusted strategy and best guarantee the interests of the Group.
Nearly 2,000 new real estate businesses were launched in the first quarter of 2021
In the first three months of this year, the country had 29,300 newly established enterprises, down 1.4% from the same period in 2020.
By field of activity, 8/17 industries have an increase in the number of newly established businesses compared to the same period in 2020. In which, real estate business ranks first in the number of newly established enterprises in the first quarter this year with 1,733 businesses, up 27.1% over the same period last year.
US stocks reached a new peak, the S&P 500 surpassed 4,000 for the first time amid a series of positive news
The S&P 500 Index rose 1.2% and closed at a new historic peak of 4,020 points. The Dow Jones industrial average rose 172 points, or 0.5%, to close at 33,153 points.
The tech-oriented Nasdaq Composite Index added 1.8% to close at 13,480 points. Tech giants like Alphabet and Netflix both soared by more than 3%. Amazon and Microsoft also went up more than 2%.
Gold price today April 2: Continued with an increase of more than 1% of the previous session
In the morning session on April 2, the spot gold price reached $ 1,730.3 / ounce at 7:15 (Vietnam time), according to kitco. Gold price delivered in June increased 0.87% to 1,730.45 USD / ounce.
Gold prices rose more than 1% in Thursday trading (April 1) as the US dollar and US bond yields weakened, while rising unemployment data in the US made prospects for a recovery in economic growth.
Source: vietnambiz.vn – Translated by fintel.vn