15 billion yen to usd

Shrimp products export value over 2 billion USD in seven months. (Photo: Danh Lam/VNA) According to the Ministry of Agriculture and Rural Development, the total export turnover of agro-forestry-fishery products in the first seven months of 2022 reached 32.3 billion USD, a year-on-year increase of 12.2 percent. The import turnover is estimated at over 26 billion USD. Therefore, the export surplus of these products in January-July was 6.3 billion USD, up nearly two times over the same period last year. The United States continued to be the largest importer of Vietnamese agro-forestry-fishery products for the seven-month period, accounting for 26.8 percent to reach almost 8.7 billion USD. China came second with a total export value of over 5.7 billion USD, accounting for 17.8 percent of the market share. Japan came third with over 2.3 billion USD, accounting for 7.2 percent, followed by the Republic of Korea with over 1.5 billion USD, accounting for 4.7 percent. By region, … [Read more...] about Agro-forestry-fishery products record export surplus of 6.28 billion USD in seven months

As a northern province in the Red River Delta, Hung Yen Province expects to have a future supply of housing targeted at occupiers and investors from Hanoi and surrounding provinces. According to Savills' latest report, the northern province of Hung Yen will be an alternative option to meet housing demand in the vicinity of Hanoi. Hung Yen Province will attract new investment and employment that will increase the demand for housing. Photo: Savills According to Savills' experts, Hung Yen, located in the northern key economic region and the Hanoi Capital Region, is emerging as an attractive destination for investors and occupiers as it focuses on improving infrastructure and future housing supply, probably increasing its competitiveness compared to other satellite cities or surrounding provinces. Do Thu Hang, Senior Director, Advisory Services, Savills Hanoi, said the surge in housing demand in Hung Yen is due to three main factors. Housing prices in the … [Read more...] about Will Hung Yen be an alternative residence choice near Hanoi?

Amid difficulties in export markets, significant efforts are required for Vietnam to meet its goal of 4.3 billion USD in shrimp export revenue this year, said Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP). Illustrative photo (Source: VNA) He attributed the obstacles to global fluctuations over armed conflicts, climate change, tightening food safety requirements by importing countries, and high inflation in the US. Data from the Vietnam Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD) showed the total brackish water shrimp farming area was 747,000 hectares last year, with total output exceeding 1 million tonnes, up 8.5% year-on-year. Currently, the country houses 2,294 hectares of shrimp breeding area, which turned out 159.5 billion shrimplets in 2022, an annual increase of 10%. This year, Vietnam aims to expand its shrimp farming area to 750,000 hectares for … [Read more...] about Significant efforts needed to realise 4.3-billion-USD shrimp exports

Illustrative image (Photo: VNA) Phu Yen (VNA) - Authorities of south-central Phu Yen province and GreenViet Biodiversity Conservation Centre ( GreenViet ) have proposed many solutions to protect the gray-shanked douc langur s that appeared recently in forest areas in Dong Xuan district. Within the framework of a research and conservation programme of the primates in the central and Central Highlands regions, GreenViet, Fauna & Flora International (FFI) in Vietnam and the provincial Forest Protection Department and Management Board of Dong Xuan Forest have jointly conducted field surveys and discovered many of the mammals in forest areas in Phu Mo commune. The surveys, conducted from February 10-15, aims to collect information on population, distribution, and habitat of gray-shanked douc langurs. Members of GreenViet and the management board and locals found eight communities of the primates with a total of 30 individuals, and discovered 14 areas with their signs. … [Read more...] about Efforts exerted to protect gray-shanked douc langurs in Phu Yen

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) on Monday announced that it has entered into an agreement with Japan’s Sumitomo Mitsui Banking Corporation (SMBC) - a subsidiary of Sumitomo Mitsui Financial Group, Inc. (SMFG) – to issue 15 percent of equity stake through a private placement, officially welcoming SMBC as a foreign strategic investor of the bank. The investment from SMBC will help the bank raise VND35.9 trillion, or approximately US$1.5 billion, of Tier 1 capital, increasing its owner equity to around VND140 trillion from VND103.5 trillion. This comes as part of the capital raising plan that VPBank has been implementing during 2022-23 in order to enhance its long-term financial strength and support the bank to reach ambitious growth strategy over the next five years. Following the latest SMBC’s strategic investment, VPBank will become Vietnam’s second largest bank in terms of owner equity, which allows it to serve a wide range of customer needs in various … [Read more...] about Vietnam’s VPBank announces agreement to issue 15% of its charter capital to Japan’s SMBC

At the signing ceremony between VPBank and SMBC (Photo: VNA) Hanoi (VNA) – Vietnamese lender VPBank on March 27 signed an agreement to sell its 15% stake to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) through a private placement. With this deal, SMBC, a subsidiary of Sumitomo Mitsui Financial Group, Inc (SMFG), has officially become a foreign strategic investor of the Vietnamese bank. The investment from SMBC will help VPBank raise 35.9 trillion VND (approximately 1.5 billion USD) of Tier 1 capital (equal to 30,160 VND per share), increasing its equity to approximately 140 trillion VND from 103.5 trillion VND. Following the investment, VPBank will become Vietnam’s second largest bank in terms of equity, which allows it to serve a wide range of customer needs in various segments, including retail banking, corporate banking and SMEs. The robust capital stance will also back VPBank in serving large-scale enterprises, particularly the FDI and multi-national … [Read more...] about VPBank sells 15% stake to Japan’s SMBC for 1.5 bln USD

Export turnover of Vietnamese dragon fruit is expected to top 1 billion USD in 2023./. Hanoi (VNA) – The Ministry of Agriculture and Rural Development has announced that the country's total export value of dragon fruit so far this year topped 47 million USD, a fall of 48.7% compared to the same period las year. The fruit has been exported to more than 40 countries and territories with China, India, the US, Thailand and the Netherlands being the biggest import ers. However, in the first two months of 2023, its export saw a slump in some markets such as the Republic of Korea (RoK) and Japan with decreases of 25.9% and 35.4%, respectively year-on-year. However, the export of the fruit is expected to bounce back as China - the biggest importer with 70% from Vietnam - has reopened its door. Export turnover of the fruit is expected to top 1 billion USD in 2023./. VNA … [Read more...] about Dragon fruit export turnover reaches 47 million USD

A street in Bangkok capital of Thailand. (Photo: AP) Bangkok (VNA) - Election campaigns are forecast to generate up to 120 billion THB (3.5 billion USD) for the economy of Thailand, said the Centre for Economic and Business Forecasting at the University of the Thai Chamber of Commerce . The centre’s director Thanawat Polvichai said political parties are going into full gear with campaigning for votes after the election date was set for May 14 by the Election Commission. The 120 billion THB generated while campaigning will push Thailand ’s GDP up by 4% in the second quarter, he said, adding that the Thai economy is expected to grow by 3-4% this year. However, rising production costs and inflation can affect the business sector’s profits and liquidity though the economy is believed to pick up in the second half of this year, according to Thanawat./. VNA … [Read more...] about Election campaigns may create 3.5 billion USD for Thai economy

He attributed the obstacles to global fluctuations over armed conflicts, climate change, tightening food safety requirements by importing countries, and high inflation in the US. Data from the Vietnam Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD) showed the total brackish water shrimp farming area was 747,000 hectares last year, with total output exceeding 1 million tons, up 8.5% year-on-year. Currently, the country houses 2,294 hectares of shrimp breeding area, which turned out 159.5 billion shrimplets in 2022, an annual increase of 10%. This year, Vietnam aims to expand its shrimp farming area to 750,000 hectares for more than 1 million tonnes in output and 4.3 billion USD in export revenue. Trinh Trung Phi, a technical director at the Vietnamese shrimp company Viet Uc, highlighted the importance of sustainable technological solutions in the growth of the sector. MARD Deputy Minister Phung Duc Tien said that in order to reach the … [Read more...] about Significant efforts needed to realize 4.3-billion-USD shrimp exports

Illustrative image. (Photo: tempo.co) Jakarta (VNA) – Bank Indonesia (BI) is preparing 195 trillion Rp (12.7 billion USD) in cash in preparation for the upcoming holy month of Ramadan and Eid Al-Fitr. Head of the Money Management Department of Bank Indonesia Marlison Hakim said that based on the national banking withdrawal plan, BI prepared cash amounting to 195 trillion Rp for the 2023 Ramadan and Eid al-Fitr, an increase of 8.22% from the previous year. The banking industry has committed to open 5,066 service points across Indonesia, which is 8% higher than last year’s figure, he said, adding that this marks the industry's response to public mobilisation, economic growth and people's needs. Hakim said that the banking industry will provide integrated roving cash services in Jakarta and several regions. For the Jakarta, Bogor, Depok and Bekasi region, as many as 599 service points will be provided by 55 banks. The services will be provided in crowd centre … [Read more...] about Indonesia prepares over 12 billion USD for Ramadan, Eid al-Fitr