3 billion usd in rupees

Jakarta (VNA) – Indonesia’s trade balance recorded a surplus of 2.33 billion USD in August, with exports and imports valued at 13.07 billion USD and 10.74 billion USD, respectively, according to the Central Agency of Statistics (BPS). The agency’s Suhariyanto said on September 15 that the surplus is much higher than 92.6 million USD recorded in the same month last year, hoping that it will continue to increase, and the economy will recover in the future. In August 2020, Indonesia enjoyed a surplus of 1 billion USD with the US, 451 million USD with the Philippines, and 425 million USD with India, Suhariyanto noted. However, the country’s trade balance underwent a deficit with others such as China (893.6 million USD) and Brazil (158.4 million USD). Indonesia’s trade surplus in the January-August period was cumulatively recorded at 11.05 billion USD, much higher than 2.04 billion USD seen in the same period last year. Earlier, the country announced … [Read more...] about Indonesia posts 2.33 billion USD in trade surplus in August

Jakarta (VNA) – Indonesia’s foreign debts rose to about 409.7 billion USD in July from 408.6 billion USD in June, according to the country’s central bank (BI). Debts of the public sector and private sector were 201.8 billion USD and 207.9 billion USD respectively. However, BI spokesperson Onny Widjanarko said that the growth of foreign debts in July 2020 at 4.1 percent year-on-year was still slower than the 5.1 percent in the previous month due to the declining growth of private foreign debt amid the relatively stable growth of the government's foreign debt. He said that the government debts rose 2.3 percent in July to 199 billion USD. This condition was due to the withdrawal of commitments from several multilateral institutions and the issuance of Samurai bonds to meet the financing needs including those for the COVID-19 pandemic mitigation and the national economic recovery programme. However, the structure of Indonesia's foreign debts remained healthy as they … [Read more...] about Indonesia’s foreign debts reach nearly 410 billion USD

Hanoi (VNA) – Ho Chi Minh City lured 3.25 billion USD in foreign direct investment (FDI) in the first nine months of 2020, down 28 percent over the same period last year, reported the city Department of Planning and Investment. According to the department, 407.4 million USD was poured into 719 newly-licenced projects, while 283.8 million USD was added into 163 underway projects, and 2.56 billion USD was invested in 2,911 share trading deals. Trade was the leading sector in FDI attraction with more than 751 million USD, accounting for more than 23 percent of the total. It was followed by property sector with 726.8 million USD, and science-technology with 685.5 million USD. The department revealed that in the future, the city will prioritise three areas to call for investment: smart city, highly interactive and innovative urban area to the East HCM City, and regional and international financial centre construction./. … [Read more...] about HCM City lures 3.25 billion USD in FDI in nine months

HCM City (VNS/VNA) – Ho Chi Minh City is set to roll out a second COVID-19 aid package worth 12 trillion VND (517 million USD) exclusively for small and medium-sized enterprises (SMEs). Le Minh Tan, Director of the city Department of Labour, Invalids and Social Affairs, said that preferential loans would be offered to employers to maintain production, retain workers and ward off bankruptcy with priority given to micro and small-sized enterprises. “Unlike the previous package under the Government’s Resolution 12, the second package will provide SMEs with easier access to preferential credit, and not require a 50 percent cut in payroll or fall in revenues [to qualify]. “Instead, businesses can borrow to maintain their production and [retain] employees if their revenues declined by just 20-30 percent from the fourth quarter of 2019.” The package would involve the active participation of commercial credit institutions, he said. The city’s credit … [Read more...] about HCM City unveils 517 million USD aid package for SMEs

HCM City (VNA) – Foreign direct investment (FDI) pledges for Ho Chi Minh City fell 30.5 percent year-on-year to 3.8 billion USD during January-November, according to the municipal statistics bureau. The global economy has been battered by the coronavirus pandemic, and investors unable to travel due to restrictions, the bureau further said. In the 11-month period, 865 new projects were granted investment registration certificates, a year-on-year decline of 26.8 percent. Total registered capital fell to 500 million USD, down 65 percent. Regarding additional capital, 235 projects registered to adjust their capital, down 16.7 percent, while the total capital topped 476 million USD, down 38 percent as compared to the same time last year. More than 2.83 billion USD was poured into 3,401 capital contribution and share purchase deals by foreign investors, a decline of 13.6 percent. Since the pandemic continues its complicated developments, the municipal People’s Committee has … [Read more...] about Pandemic takes toll on HCM City’s FDI attraction