5 billion zimbabwe dollars to usd

Taking advantage of the infrastructure boom, real estate developers have been pouring in and gradually changing the outlook of this area. Ha Dong District is blooming with quality real estate projects on a significant scale, attracting both local and foreign investors. … [Read more...] about Billion dollar developments spur Ha Dong growth

Hanoi (VNA) - The agro-forestry-fishery sector recorded a trade surplus of close to 3.3 billion USD in the first five months of 2020, a decline of a mere 2.3 percent year-on-year. According to the Ministry of Agriculture and Rural Development (MARD), shipments overseas during the period brought in nearly 15.5 billion USD, down 4.1 percent year-on-year. Exports of key farm produce, husbandry products, fisheries, and forestry products earned approximately 7.4 billion USD, 210 million USD, 2.6 billion USD, and 4.2 billion USD, respectively. All were down year-on-year, by between 1.5 and 19 percent. Most products saw lower export revenue compared to last year, with earnings for tra fish, rubber, fruit, shrimp, peppercorn, and tea falling sharply. By contrast, shipments of coffee, rice, vegetables, cinnamon, and bamboo and rattan posted higher value. China remained Vietnam’s largest export market in the January-May period, with 3.7 billion USD. Despite showing a decline of 15.5 … [Read more...] about Five-month agro-forestry-fishery trade surplus nearly 3.3bn USD

Hanoi (VNA) - Vietnam reported a trade surplus of 1.9 billion USD in the first five months of this year amid the ongoing complexity for global markets caused by the COVID-19 pandemic. According to the General Statistics Office (GSO), export turnover reached 99.36 billion USD, down 1.7 percent year-on-year. The domestic sector’s export value was 33.3 billion USD, up 10.4 percent compared to the same period last year, while the FDI sector’s exports, including crude oil, were valued at 66.06 billion USD, down 6.9 percent. Commodities seeing strong growth in export value during the period included machinery, equipment, tools, and spare parts with 25 percent; computers, electronic products, and components with 22.1 percent; rice with 17.2 percent; coffee with 2.9 percent; and cashew nuts with 2.2 percent. Those with declining turnover were telephones and components (8.8 percent), textiles (14.5 percent), footwear (4.6 percent), fruit and vegetables (10.3 percent), rubber … [Read more...] about Vietnam posts 1.9bln USD trade surplus in first five months

Hanoi (VNA) - The Philippine government is eyeing a stimulus package worth 846 billion pesos (16.7 billion USD) to enable a full economic recovery from the COVID-19 pandemic, according to Finance Secretary Carlos Dominguez. The stimulus package, which is waiting for Congress' approval, would include a cut in corporate income tax and modernisation of the country's fiscal incentive systems, Dominguez said. Local businesses have urged lawmakers to pass these reforms early so that small, medium and large companies can resume their operation and recover from the public health crisis. The Philippine tax authority said the country's total tax revenue in the first four months of 2020 dropped sharply to 527.41 billion pesos (22.6 million USD), or 25.4 percent below last year's collection over the same period. Despite the decreased revenue, Dominguez said the Philippines remains "financially able" to meet the unexpected challenges of the pandemic. The country also has practiced fiscal … [Read more...] about Philippines considers 16.7-billion-USD stimulus package

Hanoi (VNA) – Hanoi attracted 1.56 billion USD in FDI in the first five months of this year, it was reported at a video meeting of the municipal People’s Committee on May 29. The city saw the establishment of 12,260 new firms in the period with total registered capital of 181.4 trillion VND (7.78 billion USD), down 10 percent in number but up 9 percent in capital compared to the same period last year. Meanwhile, 1,261 firms dissolved during the period, 7,075 others suspended operation and 3,669 resumed production and business. Hanoi continues to perform fairly in enhancing local competitiveness and administrative reform. It came in at second place in the 2019 Public Administration Reform Index (PAR Index) for the third year in a row with 84.64 percent. The capital city gained 68.8 points in the 2019 Provincial Competitiveness Index, 3.4 points more than previous year, to rank the 9th for the second straight year.    Speaking at the meeting, Chairman of the … [Read more...] about Hanoi attracts 1.56 billion USD in FDI in five months