1 billion zimbabwe dollars to usd

The greenback notched a fresh six-month high of 140.91 yen in early Asia trade and was headed for a monthly gain of more than 3% against the Japanese currency. The yen's renewed decline has come on the back of rising U.S. Treasury yields, as bets grow that interest rates in the United States would stay higher for longer. Data released on Friday showed that U.S. consumer spending increased more than expected in April and inflation picked up, adding to signs of a still-resilient economy. Yields on U.S. Treasuries jumped on the back of the data, with the two-year yield , which typically reflects near-term interest rate expectations, rising more than 10 basis points to an over two-month high of 4.639% on Friday. Cash U.S. Treasuries were untraded in Asia on Monday, owing to the Memorial Day holiday in the United States, while futures were broadly steady. Ten-year futures' implied yield was 3.84%. The UK market is similarly closed on Monday for a holiday. Against the dollar, … [Read more...] about Dollar elevated as sticky inflation cements Fed hike bets, debt ceiling deal lifts optimism

Unofficial exchange points sold the greenback at VND23,475, up 0.11% from Monday. Most banks kept their rates unchanged. Vietcombank sold the dollar at VND23,660 Sunday. Eximbank kept the rate stable at VND23,620, Techcombank at VND23,645, and ACB at VND23,700. The State Bank of Vietnam (SBV) raised the reference rate 0.03% to VND23,680. The USD/VND exchange rate has decreased by 0.29% since the beginning of the year. Globally, the greenback lost ground against a basket of world currencies after Federal Reserve Chairman Jerome Powell's remarks hinted at a slightly dovish shift, opening the door to the possibility of a rate hike pause at the conclusion of next month's policy meeting. In his remarks, Powell said that uncertainties surrounding the lagging impact of past rate hikes and recent bank credit tightening made it unclear whether more monetary tightening will be necessary, according to Reuters . The dollar index fell 0.35%, with the euro up 0.32% to $1.0803. … [Read more...] about Dollar rises against dong on black market

Almost 53.9 trillion VND (2.29 billion USD) in state capital was saved in 2022 as reported by ministries, sectors, and localities, according to the Government. Minister of Finance Ho Duc Phoc delivers the Government's report on thrift practice and wastefulness prevention in 2022 at the 15th NA's fifth session on May 23. (Photo: VNA) On behalf of the Government, Minister of Finance Ho Duc Phoc delivered a report on thrift practice and wastefulness prevention last year in front of the 15th National Assembly (NA) at the ongoing fifth session on May 23. He said that thanks to proactive governance, the state budget spending tasks in 2022 basically reached their targets. In particular, the Government has pushed ahead with carrying out the Party Central Committee’s Resolution No 19-NQ/TW on reforming the organisation and management, and improving the quality and efficiency of non-business public units, with a focus on perfecting the mechanisms and policies on … [Read more...] about Nearly 2.3 billion USD in state capital saved in 2022: Gov’t report

Defence Minister Mohamad Hasan visits one of the exhibits during the Langkawi International Maritime and Aerospace exhibition (Photo: nst.com.my) Kuala Lumpur (VNA) - The Langkawi International Maritime and Aerospace Exhibition (LIMA) 2023 which will take place from May 23-27 is expected to be able to generate business pledges worth up to 18 billion RM (3.96 billion USD). Of that sum, 10 billion RM would involve Letters of Agreement (LoA) between the Ministry of Defence and defence-related companies, Malaysian Defence Minister Mohamad Hasan said at a press conference after inspecting the LIMA'23 maritime segment exhibition site at Resort World Langkawi on May 22. According to Mohamad, the participation of LIMA'23 is very encouraging and provides an opportunity for local and foreign companies from various countries to showcase technology and weapons as well as assets. It includes participation from five countries known for air shows namely Russia, Thailand, … [Read more...] about Malaysia expects LIMA 2023 to generate approximately 4 billion USD in business pledges

Two poor brothers in the central highlands province of Dak Nong have received over VND2 billion (USD 85,324) after their story was shared on Dantri/Dtinews. Y Khang B'Krong, 12, and his nine-year-old brother Y Tuan B'Krong are living with their father who has mental problems after their mother died from cancer two months ago. Y Khang and Y Tuan have lunch besides the altar of their mother The two boys had never been to school due to their family's financial difficulties. Y Khang used to collect scrap metal to earn money to buy food for the family while the younger brother took care of their ill mother at home. Local authorities, relatives, and neighbours had helped build a small house for them and sometimes gave them food. However, the support was limited as the locality where they live is also poor. The two boys have been sent to school Representatives from Dantri and local authorities in Tam Thang Commune, Cu Jut District visited Y Khang and … [Read more...] about Two Dak Nong brothers receive over VND2 billion in public donations

Remittances to HCM City likely to hits 7 billion USD in 2023, Illustrative photo (Source: VNA) HCM City - Remittances to Ho Chi Minh City are expected to reach 7 billion USD in 2023, an annual increase of about 6-7 per cent. At a May 22 workshop on the city’s remittance attraction and promotion, deputy director of the State Bank of Vietnam (SBV)’s branch in the southern economic hub Nguyen Duc Lenh further said the remittances have increased continuously in the last five years, with the highest amount recorded in 2021, at more than 7.1 billion USD. The figure exceeded 2.1 billion USD in the first quarter this year, up over 19 per cent year-on-year. By VNA … [Read more...] about Remittances to HCM City likely to hits 7 billion USD in 2023

Illustrative image (Source: VNA) Hanoi – Total revenue from retail sales of consumer goods and services in May was estimated at 519 trillion VND (22.09 billion USD), an increase of 1.5 per cent over the previous month and 11.5 per cent year on year thanks to the long holidays in the beginning of the month, according to the General Statistics Office (GSO). The results pushed the total retail sales of consumer goods and services in the first five months of this year to 2.52 quadrillion VND (107.2 billion USD), a year-on-year rise of 12.6 per cent, excluding the 8.3 per cent rise in price, the GSO reported. It underlined that the result in the first five months of this year was the highest recorded in the same period since 2015, representing a surge of 28.3 per cent over the same time in 2019 before the COVID-19 pandemic broke out. Specifically, in the January-May period, revenue from retail sales of goods was estimated at 1.99 trillion VND, up 10.7 per cent year on year. … [Read more...] about Retail sales of consumer goods, services top 22 billion USD in May

Indian Tourism and Creative Economy Minister Sandiaga Salahuddin Uno at the opening of the Indonesian Tourism Industry Association’s (GIPI’s) national working meeting in Jakarta on May 23, 2023. (Photo: antaranews.com) Jakarta (VNA) -  Indonesia is targeting 10 billion USD from the tourism sector in 2023 from the 6 billion USD set earlier this year. Speaking at the Indonesia n Tourism Industry Association's (GIPI’s) national working meeting in Jakarta on May 23, Minister of Tourism and Creative Economy Sandiaga Salahuddin Uno said the revenue will be boosted, including by increasing the number of flights to attract foreign tourists, whose number is targeted to reach 8.5 million in 2023. tourism and creative economy sector. VNA … [Read more...] about Indonesia sets tourism revenue target of 10 bln USD

Vietnam exported nearly 1 billion USD worth of fruits and vegetable s in Q1, up 8% from a year earlier, with the Chinese market recording an impressive growth of 23%. The growth was attributable to the signing of protocols on exports of durian, sweet potato and banana to China through official channels. The export of pomelo to the US, and passion fruit to New Zealand was also a driver for the overall growth of the sector. The implementation of free trade agreements is also an important driving force helping fruit and vegetable exports to increase sharply in the first months, and make an important contribution to boosting the sector's exports throughout the year. Vietnam Trade Offices abroad were advised to regularly organize Vietnam ese fruit festivals to introduce the fruits to people in their host countries and international visitors./. VNA … [Read more...] about Vietnam’s vegetable, fruit exports likely to hit 4 billion USD

The State Bank of Vietnam’s branch in the southern economic hub said the remittances have increased continuously in the last five years, with the highest amount recorded in 2021, at more than 7.1 billion USD. The figure exceeded 2.1 billion USD in the first quarter this year, up over 19% year-on-year. Experts said management agencies should forecast the maximum potential of remittances to the city to come up with specific attraction policies. It is necessary for the metropolis to promote its advantages in the fields of finance, banking, logistics and tourism so that overseas Vietnam ese can see that it is a livable city. Experts recommended HCM City continue capitalising on its leading position as an economic, cultural and educational center of the country, and improving its business climate to attract capital and remittances serving the local production and business development./. VNA … [Read more...] about Remittances to HCM City likely to hit 7 bln USD in 2023