1. Finance ministry sees wisdom of halving gasoline environment tax
- The ministry had earlier suggested a 25 percent cut while many others, including the Ministry of Industry and Trade, had demanded a 50 percent reduction as pump prices climbed to new peaks amid a global shortage caused by the Russia-Ukraine crisis.
- The popular RON95 variety of gasoline is now at a historic high of VND 29,820 per liter after having increased by more than 15 percent this year amid a global shortage caused by the Russia-Ukraine crisis.
An employee pumps gasoline into a car in Hanoi, March 10, 2022. Photo by VnExpress/Pham Chieu
Source:https://e.vnexpress.net/news/economy/finance-ministry-sees-wisdom-of-halving-gasoline-environment-tax-4437395.html
2. VN-Index inches up with falling trade value
- Vietnam’s stock market rose 0.36 percent to 1,479.08 points Thursday with plunging trading value amid uncertainties of the Russia-Ukraine diplomatic talks. The index soared 12 points within minutes since the opening, but it gradually dropped throughout the afternoon and closed 5.34 points higher. Trading value on Ho Chi Minh Stock Exchange (HoSE), on which the index is based, downed 30.6 percent to the two-week low of VND21.18 trillion ($927 billion).
Source:https://e.vnexpress.net/news/business/vn-index-inches-up-with-falling-trade-value-4436654.html
3. Stocks making the biggest moves after hours: Rivian, Oracle, DocuSign and more
- Rivian — The electric vehicle company’s stock sank 12% postmarket on Thursday after missing estimates on the top and bottom lines for the fourth quarter as it grapples with supply chain disruptions.
- Oracle — Shares of Oracle slipped 5% in extended trading Thursday after the company met revenue but missed earnings expectations for the third quarter.
- DocuSign — DocuSign plummeted 18% during extended trading on Thursday after issuing weak revenue guidance for the first quarter and fiscal year.
- Ulta Beauty — Shares of the retailer rose more than 1% in extended trading after beating revenue estimates for the fourth quarter.
Source:https://www.cnbc.com/2022/03/10/stocks-making-the-biggest-moves-after-hours-rivian-oracle-and-more.html
4. 5 groups of stocks worth investing in in March
- First, the banking industry group . ABS has a positive assessment on the prospect of this group with the information about capital increase, foreign room opening as well as the move of some banks to move to floor trading floor, which will be the driving force to help banking stocks rebound, leading market.
- Second, the stock group. The new securities trading system (KRX) expected to come into operation in 2022 will contribute to solving the bottleneck in cash transaction margin, thereby promoting foreign capital inflows. out back to Vietnam.
- Third, the group of construction and building materials. The benefit from public investment will be a bright spot for this industry group in the coming time.
- Fourth, the group of aquatic products . It is forecast that Vietnam's seafood exports in 2022 will reach $9.2 billion, up about 3.5% in value over the same period last year, of which shrimp and pangasius continue to be the bright spot of the industry.
- Fifth, the port industry . Import and export trade is the main driving force for the industry's growth.