China exchange rate to us dollar

Harvesting dragon fruits for export in Long An Province. Việt Nam hopes to be allowed official export of dragon fruit to China this year. — VNA/VNS Photo China is the largest export market of Vietnamese fruits and vegetables, accounting for nearly 65 per cent of the total fruit and vegetable export value, according to Đặng Phúc Nguyên, general secretary of the Việt Nam Fruit and Vegetable Association. Besides durian, Việt Nam hopes to be granted official export permission for jackfruit and dragon fruit to this market from now to the end of this year. With increasing quality, Vietnamese fruits are popular among Chinese consumers. The fruit exports are forecast to maintain growth, especially with increasing demand during the holiday season. Last year, Việt Nam signed fruit protocols with China, bringing many advantages to Việt Nam's fruit and vegetable export activities. Phùng Đức Tiến, Deputy Minister of Agriculture and Rural Development, said that Việt Nam would continue … [Read more...] about China is the largest export market of Vietnamese fruits and vegetables

Wealthy countries must now reach carbon neutrality in around 2045, five years early, and China should speed up by a decade to 2050 to keep to the Paris goal of limiting warming to 1.5 degrees Celsius above pre-industrial levels, the IEA said. "The world has already delayed too long to avoid hard choices," the global energy watchdog said. The report, which comes ahead of crunch UN climate talks, updates the IEA's landmark 2021 "Net Zero Roadmap", which said new fossil fuel development was incompatible with global decarbonization by mid-century. IEA chief Fatih Birol said he was more "hopeful" now than two years ago, thanks to record growth in solar power capacity and electric car sales in line with the IEA's pathway to net-zero emissions. He praised "very impressive" policies in the United States, Europe, China, and India that have helped drive clean energy investment up 40 percent to $1.8 trillion this year. But he added that to reach net zero this needs to reach $4.5 … [Read more...] about Rich nations, China must accelerate race to net zero: IEA

Delivering the congratulatory remarks, Chairman of the Vietnam - China Friendship Association of Ho Chi Minh City Nguyen Huu Hiep said that amid complex developments of the international economic and political situations, the further promotion of substantive cooperation and healthy and stable development of relations between the two countries matches the fundamental interests of their parties, countries and people, and is also important to peace, stability and development in the region and the world. During the visit to China by Party General Secretary Nguyen Phu Trong in late 2022, the Vietnam Union of Friendship Organizations (VUFO) and the Chinese People’s Association for Friendship with Foreign Countries signed a memorandum of understanding on collaboration for 2022-2027, affirming that the Vietnam - China friendship a precious spiritual asset of the two countries' people that must be maintained, protected, and developed in an increasingly substantive manner, Hiep said. … [Read more...] about Ho Chi Minh City gathering marks 74th National Day of China

In a conversation with Guo Yonghang, Secretary of the Guangzhou Party Committee and Mayor of the Guangzhou Municipal Government prior to the signing ceremony, Dung hailed the role of Guangdong province and Guangzhou city as a leading locality in high-quality development and a hub for the pilot of many new policies, including the policy to renovate the development, urban management, and special economic zone models. Guo highlighted the similarities between Hanoi and Guangzhou in culture, trade and tourism as well as the development of the partnership between the two cities, especially in trade and investment. He expressed belief that the Hanoi delegation’s visit, especially the meeting between Dung and Huang Kunming, Secretary of the Guangdong Party Committee, on September 25, has made an important milestone in the Hanoi - Guangzhou relations. The Guangzhou Mayor suggested that the two cities further increase the exchange of experience in urban management and tourism promotion. He … [Read more...] about Hanoi fosters partnership with China’s Guangzhou city

The Ad Hoc Group, representing investors owning over 75% of the bonds, said it would take a new approach should Novaland fail to negotiate the debt restructuring in good faith. Novaland issued the bonds in Singapore in 2021 for five years with a coupon rate of 5.25% and listed it on the stock exchange there. Novaland said it had discussed with the bondholders its liquidity difficulties which prevented it from paying the interest in time and a restructuring plan based on its current situation. It has also drafted plans to restore operations together with foreign and domestic consultancies such as Deloitte, Sidney Austin LLP, and YKVN. Novaland said it is aware of its limited resources but would aim to safeguard the bondholders’ interests. "Novaland requests more time to recover during this period," it said in a statement. "The company hopes to receive support from creditors and bondholders to soon stabilize its operations and fulfill its financial obligations to … [Read more...] about Novaland negotiating interest payment default on $300M bonds, investors antsy

According to the latest report of UOB, after starting off the year at a sluggish pace, with real GDP growth in Q1 decelerating to 3.28 per cent on-year, from 5.92 per cent in the previous quarter, growth momentum in Vietnam remained lethargic, largely due to weak external demand coupled with an underperforming manufacturing sector. As a result, economic growth in Q2 expanded just 4.14 per cent on-year, for a cumulative growth rate of 3.72 per cent on-year in H1, well below the official growth target of 6.5 per cent. In terms of sectoral performance, manufacturing (including construction), which accounts for about 34 per cent share of the economy, managed to gain about 1.1 per cent on-year in Q2 with a positive contribution in H1. Meanwhile, the services sector (43 per cent share) managed to cushion some of the weaknesses from the external sector, rising 6.1 per cent on-year in Q2 following the 6.6 per cent on-year run in Q1. The services sector contributed 2.7 percentage points, … [Read more...] about Soft momentum likely for Q3: UOB