Statistics show that in the first 2 months of 2024, Vietnam exported 438,000 tons of coffee, worth about 1.38 billion USD, an increase of 27.9% in volume and an increase of 85% in value compared to the same period in 2023.
This result has brought Vietnam’s coffee export turnover to a new record, surpassing the 1 billion USD mark in just the first two months of the year.
In particular, Vietnam’s export coffee price in February increased impressively, reaching 3,276 USD/ton, up 7.4% over the previous month and up 50.6% over the same period. Overall, for the past 2 months, the average export price of Vietnamese coffee reached 3,153 USD/ton, up 44.7% over the same period last year.
– Stocks are ‘holding their breath’ waiting for the Fed meeting
Analysts say that next week the stock market will look towards an important meeting of the US Federal Reserve (Fed) on monetary policy. Domestically, the State Bank’s move to issue T-bills did not have too negative an impact, the uptrend from the beginning of the year has not been broken, however, the opportunity for recovery is still open.
VN-Index has just witnessed a struggling trading week despite gaining points compared to last week. VCB (-1.16%); VPB (-1.84%) and SAB (-3.33%) put pressure on the overall index. On the contrary, GVR (+19.31%), FPT (+5.45%) and GAS (+3.52%) are the main factors contributing to the market’s upward momentum. Liquidity improved with trading value on 3 exchanges reaching 30,135 billion VND/session. Foreign investors continued to net sell, mainly on HoSE with a value of 2,609 billion VND.
Analysts say that this week, the stock market is heading towards an important trading week when the Fed has a monetary policy meeting on March 19-20 and the VN-Index can test. back to the resistance area around 1,280 points.
Mr. Dinh Quang Hinh, an expert from VNDirect Securities, said that if the possibility of the Fed keeping the operating interest rate unchanged at the next meeting is almost certain, the heat of this event will not subside because interest will pour in. focused on the Fed Chairman’s speech.
The market is expecting new revelations about the Fed’s next direction, specifically when it is expected to start cutting operating interest rates and the expected level of cuts this year. If the Fed’s scenario is not too “hawkish” compared to the market’s previous expectations (starting to cut interest rates from the second quarter of 2024 and having at least 3 cuts in 2024), then we will complete the scenario. We can expect a positive response from financial markets globally.
Regarding domestic issues, the stock market reacted not too negatively to the State Bank’s move to issue bills. The market has many supporting factors compared to when the executive agency made similar moves last year (September to November).
– Temporarily ending the chain of decline, Vietnamese rice export prices rebounded
A trader in Ho Chi Minh City said export rice prices increased slightly after domestic rice prices increased, as exporters and processors stepped up buying.
Both paddy and rice prices in the Mekong Delta region increased last week. Along with that, Vietnam’s export rice prices also temporarily ended the chain of decline with a rebound.
According to the Vietnam Food Association, the highest price of regular rice in the field last week was 7,800 VND/kg, the average price was 7,679 VND/kg, an increase of 86 VND/kg. The price of regular rice at the warehouse increased by an average of 125 VND/kg, at 8,808 VND/kg; The highest price is 9,250 VND/kg.
Prices of rice products also increased. Accordingly, 5% broken rice has the highest price of 14,300 VND/kg, the average price is 13,971 VND/kg, an increase of 164 VND/kg. 15% broken rice has the highest price of 14,100 VND/kg, the average price is 13,758 VND/kg, an increase of 200 VND/kg. 25% broken rice has the highest price of 13,900 VND/kg, average price of 13,492 VND/kg, an increase of 242 VND/kg.
The price of grade 1 white milled rice increased by 125 VND/kg, the average price was 13,838 VND/kg. Grade 1 brown rice increased by 92 VND/kg, an average of 11,467 VND/kg.
Regarding exports, Vietnam’s 5% broken rice was offered at 585 USD/ton, up from 580 USD/ton last week.
A trader in Ho Chi Minh City said export rice prices increased slightly after domestic rice prices increased, as exporters and processors stepped up buying.
92 stock codes on HoSE had their margin cut in the latest update
Ho Chi Minh City Stock Exchange (HoSE) has just announced a list of 92 stock codes listed on HoSE that cannot be traded on margin (margin loans), updated until March 15, 2024.
Notably among these 92 codes, there are stock codes that fall under:
*Securities under control: ABS, APC, CKG, DAG, HNG…
*Securities subject to suspension of trading:: AGM, SJF…
*Securities subject to warning: ASP, BCE, CIG, DLG, DXV, EVG. FDC, HAG, RDP…
*Profit after tax on the 2023 audited financial report is negative: SAV, QCG, SBV…
*Profit after tax of parent company shareholders on the 2023 semi-annual reviewed consolidated financial report is negative: FRT, DXS, DTL, DRH, DC4…
*The company received a conclusion from the tax authority about the company violating tax laws: DMC, VNL…
*Some public investment funds Public investment funds have at least one month’s net asset value (NAV) calculated per unit of fund certificate less than the par value based on the asset value change report Monthly net for 3 consecutive months: FUEKIV30, FUEMAVND, FUCVREIT, FUEBFVND, FUEDCMID…