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The Star
05-05-2025
- Business
- The Star
Main Vietnam stock exchange launches long-awaited trading system
This picture taken on May 28, 2012 shows Vietnamese workers walking past the Stock Exchange building in Ho Chi Minh City. - AFP HANOI: Vietnam's Ho Chi Minh Stock Exchange officially launched its new trading system on Monday (May 5), as the country pushes to unlock emerging market status and boost foreign investment. The new system, known as KRX from Korea Exchange, is expected to shorten the settlement cycle and increase trading capacity, according to an earlier statement from the State Securities Commission. "The new system will establish the foundation for a central clearing counterparty system," said Nguyen The Minh, head of research at Yuanta Securities Vietnam. Both the MSCI and FTSE indices currently classify Vietnam as a frontier market, which prevents many funds, family offices, and others from investing in companies listed there. FTSE will hold its next regular review in September. Vietnam has been on FTSE's watchlist for a possible upgrade since 2018. Vietnam's benchmark stock index rose slightly on Monday morning, reaching 1,232 as of 0243 GMT. Last November, Vietnam removed a requirement for overseas investors to fully prefund equity trades, one of the longstanding barriers to its potential upgrade. The KRX had faced multiple delays due to regulatory and technical roadblocks. "KRX can enhance market liquidity and pave the way for the launch of other new financial products including day trading, short-selling and derivatives, which will better benefit investors," Minh said. According to Minh, the system has been functioning properly so far, but it may take investors some time to get accustomed to it. - Reuters
Business Times
05-05-2025
- Business
- Business Times
Vietnam's main stock exchange launches long-awaited trading system
[HANOI] Vietnam's Ho Chi Minh Stock Exchange officially launched its new trading system on Monday (May 5), as the country pushes to unlock emerging market status and boost foreign investment. The new system, known as KRX from Korea Exchange, is expected to shorten the settlement cycle and increase trading capacity, according to an earlier statement from the State Securities Commission. 'The new system will establish the foundation for a central clearing counterparty system,' said Nguyen The Minh, head of research at Yuanta Securities Vietnam. Both the MSCI and FTSE indices currently classify Vietnam as a frontier market, which prevents many funds, family offices, and others from investing in companies listed there. FTSE will hold its next regular review in September. Vietnam has been on FTSE's watchlist for a possible upgrade since 2018. Vietnam's benchmark stock index rose slightly on Monday morning, reaching 1,232 as at 0243 GMT. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up Last November, Vietnam removed a requirement for overseas investors to fully prefund equity trades, one of the longstanding barriers to its potential upgrade. The KRX had faced multiple delays due to regulatory and technical roadblocks. 'KRX can enhance market liquidity and pave the way for the launch of other new financial products including day trading, short-selling and derivatives, which will better benefit investors,' Minh said. According to Minh, the system has been functioning properly so far, but it may take investors some time to get accustomed to it. REUTERS
The Hindu
30-04-2025
- Politics
- The Hindu
From The Hindu, May 1, 1975: War ends in Vietnam
Saigon, April 30: South Vietnam surrendered unconditionally to the communists to-day, ending generations of war against the Japanese, French and Americans and among Vietnamese themselves. One street scene perhaps epitomised Saigon's abject fall to-day — tank of the National Liberation Front smashed through the main gates of the presidential palace disregarding the attempts of an unarmed South Vietnamese soldier trying to open them first. Minutes later, the flag of the Provisional Revolutionary Government — red and white with a gold star — was waving from the palace. The surrender was announced by President Duong Van 'Big' Minh, in office for only two days, who urged his troops to stop fighting and appealed to the PRG to avoid bloodshed. The collapse came only hours after the Americans completed their disorderly pullout. The PRG, in a broadcast, said, 'We, the representatives of the liberation forces of Saigon, formally proclaim that Saigon has been totally liberated. We accept the unconditional surrender of the President of the former Government.' It also called upon all Government employees to return to work and on students and other youths to participate in a demonstration at a place to be announced later. In his broadcast over Saigon Radio, Gen. Minh said, 'We are here waiting for the Provincial Revolutionary Government to hand over the authority in order to stop useless bloodshed.' The Republic of Vietnam policy is the policy of peace and reconciliation, aimed at saving the blood of our people. I ask all servicemen to stop firing and stay where you are. I also demand that the soldiers of the Provincial Revolutionary Government stop firing and stay in place.'
Hindustan Times
30-04-2025
- Politics
- Hindustan Times
HT This Day: May 1, 1975 -- Peace at last in Vietnam: NLF forces take control in Saigon
Saigon: The National Liberation Front (NLF) and the North Vietnamese forces today occupied Saigon following the unconditional surrender of the Saigon Government putting an end to nearly 30 years of war in Vietnam. Many Government soldiers turned in their arms and tried to lose themselves amid the civilian population. But there were periodic outbursts of gunfire-some from scattered pockets of resistance and others from celebrating PRG and North Vietnamese firing into the air. The blue and red flag with a yellow star of the Provisional Government was hoisted over the presidential palace in Saigon. General Duong Van Minh, who took over the presidency only two days ago, watched resignedly as three NLF front tanks broke through the big main gate of the palace and soldiers leapt out of a lorry to hoist the flag. A Reuter correspondent was in the palace grounds when dozens of NLF tanks came rumbling at noon, prompting soldiers of the Saigon regime to raise their hands in surrender. Just minutes before, President Minh told the correspondent he was still awaiting word from the PRG, whose grinning green-uniformed troops waved to hundreds of Saigon residents cheering them as their convoys moved through a capital festooned with white flags of surrender. PRG flags fluttered atop many buildings. After 120 years of French colonialism, Japanese occupation during World War II and American military intervention, the Indo-China peninsula was free of foreign domination. Conciliation President Duong Van Minh announced his Government's unconditional surrender in a broadcast this morning and ordered the South Vietnamese soldiers to turn in their arms. 'All soldiers, be calm,' said the President in a 60-second radio address. 'I also call on soldiers not to open fire so that together we can discuss ways to hand-over the rems of Government without bloodshed.' 'In the interest of peace, national conciliation and concord of the people, to save the lives of the people, I believe deeply in conciliation among the Vietnamese people,' Minh said. 'Therefore, I call on all the soldiers of the Republic of Vietnam to stay where you are.' 'We also call on the soldiers at the Provisional Revolutionary Government (PRG) not to open fire because we are here waiting to meet with the Government of the PRG to discuss the turnover of the administration, both civilian and military, without causing senseless bloodshed of the people.' Four hours later, a jeepload of North Vietnamese soldiers brought the 51-year-old President to the microphone, and he again appealed to the Government forces to give up. PRG Foreign Minister Nguyen Thi Binh said in an interview in Da Nang yesterday that Gen. Minh might 'still have some role to play in the future of Vietnam.' The 51-year-old retired General was taken into custody, one report said. Saigon fell with a whimper. Diehard palace guards fought a fierce last fight with the communist tanks which rolled into the grounds and elite Government paratroops fought to the finish near Tan Son hut airbase. But, as another Reuter correspondent reported, the city capitulated virtually without resistance and the population in fear of final bloodbath - greeted the NLF troops with great relief. The correspondent watched the first NLF troops enter the centre of Saigon - a jeepload of barefoot, teenage guerillas. They were followed by regular soldiers, perhaps of the North Vietnamese army. clad in jungle fatigues and carrying assault rifles and grenade launchers. A festive mood instantly replaced the anarchy and fear. As soon as the communists arrived, looting and armed robberies stopped. The collapse came only hours after the Americans completed their disorderly pullout which President Ford described as closing a chapter in the American experience. Four hours before the tanks entered at 9-30 a.m. (IST), the last American helicopter plucked the final dozen Americans from the roof of the now-pillaged US embassy. The end of US involvement came in chaos. Weeping Vietnamese begged to be taken out and tried to force their way into the Embassy. In all some 1,000 Americans and 5,300 Vietnamese were evacuated on the last day. Moments after the last marines left today, escorted by helicopter gunships people broke into and looted the building. The consular building was set ablaze, writing a fiery end to a war that claimed more than one million lives, some 33,000 of them Americans. The disarray of the evacuation was visible too at the other end of the helicopter flights from Saigon to offshore warships. The choppers were pushed wholesale into the sea to make room for others to land. President Minh gave up as the flow of Vietnamese refugees already had begun to land in the US, much as previous runaways from hostilities - Hungarians in the 1930's, Cubans in the 1960's had done. American relief agency officials said as many as 60,000 Vietnamese will eventually settle in the US.
Yahoo
15-04-2025
- Yahoo
Police identify woman killed after car crashed into pole in Montgomery County
MONTGOMERY COUNTY, Md. () — Montgomery County police have identified after her car crashed Sunday night in Silver Spring. The Montgomery County Department of Police (MCPD) said responders were sent to the 10400 block of Colesville Rd. near Southwood Ave. at around 10:40 p.m. for reports of a car crashing into a utility pole. There, they found a black Kia Telluride off the roadway. Police said Osbelia Minh, 34, of Silver Spring, was pronounced dead at the scene. She was the driver and sole occupant of the car. Maryland EMTs have new arsenal in fentanyl overdose battle A preliminary investigation showed that the Kia was traveling south on Colesville Road when, for reasons still unknown, it left the right side of the road and struck a wooden utility pole. Minh was not wearing a seatbelt and suffered fatal injuries in the collision, police noted. No other cars were involved in the crash, but multiple witnesses called to report it. The investigation is ongoing. MCPD urges anyone with information to call 240-773-6620. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
