35 billion dkk to usd

On Hon Tre island, Kien Hai district, Kien Giang province (Photo: VNA) hập mô tả cho ảnh Kien Giang (VNA) - The Mekong Delta province of Kien Giang aims to have all of its 116 communes fulfil the criteria in the national target programme on building new-style rural areas in the 2021-25 period, with funding estimated at some 17.4 trillion VND (751.47 million USD). In 2021 alone, nine communes strive to win recognition, while the districts of Vinh Thuan and Kien Luong as well as Ha Tien city are to accomplish the task of building new-style rural areas. Local authorities also strive to fulfil targets on the rate of households with access to clean water of 99 percent and health insurance coverage of over 90 percent, and the reduction of the multidimensional poverty household rate of 1 percent while creating 35,000 jobs. The province will bolster the transfer and application of modern technologies in agricultural production and consider models for large-scale agricultural production, supply chains, environmental protection, climate change adaptation, and agricultural cooperatives. Due regard will be paid to the “ One Commune , One Product” (OCOP) programme, as Kien Giang aims to have up to 50 products of at least three-stars. Some 64 billion VND will be allocated for the implementation of the programme. In the centre of Rach Gia city, Kien Giang province (Photo: VNA) Kien Giang earmarked over 732 billion VND last year for building new-style rural areas , in particular infrastructure investment. More than 6,365 km of rural roads were cemented and irrigation networks improved. The rate of poor households came down to 1.69 percent. As of the end of January 2021, 81 communes in Kien Giang had been recognised as new-style rural areas. Eleven districts and cities had half of their localities complete necessary tasks./. VNA …

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The Hanoitimes - Over the past five years, the country’s e-commerce market has doubled with total online spending increasing from US$3.9 billion in 2015 to US$9.4 billion in 2019. Vietnam’s e-commerce market is projected to surpass VND399.5 trillion (US$17.3 billion) in 2023 from VND218.3 trillion (US$9.4 billion) in 2019, according to forecasts from data and analytics company GlobalData. This represents a compound annual growth rate (CAGR) of 16.3%. Over the past five years, the country’s e-commerce market has doubled with total online spending increasing from VND90.1 trillion (US$3.9 billion) in 2015 to VND218.3 trillion (US$9.4 billion) in 2019, said GlobalData in its latest “Vietnam Cards & Payments: Opportunities and Risks to 2023” report. “While the traditional payment instruments such as cash, cards and bank transfers are widely used for e-commerce purchases, consumer preference for alternative payments is on the rise. There is a growing demand for faster and convenient payment means, especially among tech-savvy millennials,” said Nikhil Reddy, banking and payments analyst at GlobalData. According to GlobalData’s 2019 Banking and Payments Survey, cash is still the most preferred payment mode for e-commerce purchases in Vietnam, accounting for 35.6% in 2019. Alternative payment solutions are gradually gaining ground and accounted for 15.5% share. MoMo is the most preferred alternative payment solution in Vietnam, followed by PayPal. Meanwhile, such strong growth of the market has prompted global companies to invest in Vietnamese e-commerce companies. In 2018, e-commerce company, Tiki received US$5.3 million and US$44 million funding from VNG Corporation and Chinese investor JD.com, respectively. In the same year, another company Sendo secured US$51 million from SBI Group (a Japan-based financial services company) and other investors. Furthermore, Chinese e-commerce giant Alibaba invested an additional US$2 billion in …

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Shares cut early gains to end lower as bank stocks decline Vietnamese shares trimmed early gains on Monday with the VN-Index closing lower as banking stocks came under selling pressure towards the final minutes of trading. The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged down 0.04 per cent to close at 1,168.27 points. It had risen 0.02 per cent last week. More than 652.7 million shares were traded on the southern bourse, worth VND15.6 trillion (US$673.9 million). Market breadth was positive with 274 gaining stocks and 183 losers. After the lunch break, the market fluctuated in a quite negative direction as many banking stocks dropped sharply and pushed the VN-Index down to the reference level. Asia Commercial Bank (ACB) fell 2 per cent to VND31,800 per share, VPBank (VPB) lost by 1.1 per cent to VND41,350 per share, Vietcombank (VCB) declined by 1.5 per cent to VND95,200 per share and Techcombank (TCB) dropped by 0.9 per cent to VND38,850 per share. On the opposite side, the oil and gas sector increased, becoming one of the best-performing sectors in Viet Nam on Monday, data on vietstock.vn showed. Vietnamese oil and gas stocks grew well, including PetroVietnam Gas JSC (GAS), Viet Nam National Petroleum Group (PLX), PetroVietnam Drilling & Well Services Corporation (PVD), PetroVietnam Power Corp (POW), and PetroVietnam Technical Services (PVS). “The market was moving sideways around 1,168 points. Liquidity increased slightly from the previous session and market breadth was positive, showing that investment cash flow is spreading,” said BIDV Securities Co. “Foreigners were net sellers on both HoSE and HNX. The VN-Index is likely to consolidate in the range of 1,160-1,200 points in the coming sessions,” said the company. Foreign investors net sold VND1.25 trillion on HOSE, including PVPower (POW) (VND212.8 billion), Vinamilk (VNM) (VND203.9 billion) and Hoa Phat Group (HPG) (VND171.5 billion). Foreigners were net sellers on …

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