Jets bancorp inc purchased a portfolio of trading securities

Thailand exports 7.69 million tonnes of rice in 2022, up 22.1% from a year earlier. (Photo: Reuters) Bangkok (VNA) – Thailand exported 7.69 million tonnes of rice in 2022, up 22.1% from a year earlier, the country’s Commerce Ministry said on January 31. The exports exceeded a target of 7.5 million tonnes, with top markets being Iraq, South Africa, China, and the US, it said in a statement. Thai rice exports were strong last year because of the weak baht, according to Ronnarong Phoolpipat, head of the ministry’s Trade Policy and Strategy Office. Earlier this month, the Thai Rice Exporters Association lowered its target for 2023 from 8 million tonnes to 7.5 million as the baht, which is which is now trading around 32.50 to the US dollar, has appreciated dramatically after reaching a low of 38 last October. The price of benchmark 5% white rice remains high in world markets, having risen from 465 USD a tonne in mid-December to 523 USD as of January 18, said the … [Read more...] about Thailand’s 2022 rice exports beat target

Illustrative image (Photo: AFP) Hanoi (VNS/VNA) - Climate change is one of the world’s biggest threats, and reducing emissions is the priority for all countries in the world and the lodestar for investment trends. Warmer temperatures are altering weather phenomena and disrupting the balance of nature, directly affecting human activities. The devastation caused by extreme weather disasters like typhoons, floods, and heat waves is worsening in many nations. And the economic damage caused by climate change is also increasing in line with global temperatures. Major storms destroy crops, costing billions of dollars, while rebuilding after each storm and flood requires a huge amount of money. The more extreme the climate, the more it damages economies. It is a positive sign that many countries have joined the fight for net zero emissions by 2050. Many people worry that it is unrealistic given the standard pace we have already set. However, an expert in the industry believes … [Read more...] about Financing’s role in reaching net-zero emissions

Illustrative photo (Source: VNA) Hanoi (VNS/VNA) – Vietnam’s textile, garment and footwear sectors aim to achieve a total export value of 77-80 billion USD in 2025 and 106-108 billion USD in 2030, according to the strategy for the development of Vietnam’s textile and footwear industry. Under the development strategy approved by the Government, for the long term, the garment, textile, leather and footwear sectors are still key export industries of the economy. The sectors will continue to promote investment in the production of materials and auxiliary materials, as well as supporting industries. They will encourage the production of fabrics from domestically produced yarn to reduce imports, and form a complete supply and value chain in the region. For the leather and footwear industry, Nguyen Duc Thuan, Chairman of Lefaso, said domestic enterprises need to actively adapt to the requirements of the market and brands on sustainable development standards for products. They … [Read more...] about Garment, footwear exports aim to reach 80 bln USD by 2025

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - Prime Minister Pham Minh Chinh outlined main tasks to improve the material and spiritual life of labourers at a meeting on coordination between the Government and the Vietnam General Confederation of Labour (VGCL) in Hanoi on February 1. The ministries of planning and investment; industry and trade; foreign affairs; and labour, invalids and social affairs should coordinate with the VGCL in boosting production and business, expanding the market, creating more jobs for labourers, and improving their skills, the Government leader said. Read full story - A book by General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong regarding the fight against corruption and other negative phenomena will be released at a ceremony in Hanoi on February 2, according to the CPV Central Committee’s Commission for Internal Affairs. The debut is timed for the 93rd … [Read more...] about ☕ Afternoon briefing on February 1

Illustrative image (Photo: VNA) Hanoi - The prospect of economic growth and market upgradation is the driving force to attract cash flow into the stock market. Vietnam is among the world's fastest-growing economies with an average GDP growth rate of about 6.5% per year in the period before the COVID-19 pandemic. The target of economic growth in 2021-2025 at 6.5-7% per year was set out at the 13th National Party Congress despite the fact that the economy was severely affected by the COVID-19 pandemic in 2021. However, VinaCapital forecasts that this growth can still be maintained in the 2023-2025 period. High economic growth will support companies listed on the stock market. In 2023, the business results of listed companies may be affected by the slowing growth of exports and consumption and high interest rates. The earnings per share (EPS) growth is forecast to be in single digits in 2023. However, from 2024, when inflationary pressures are gone, central banks around the … [Read more...] about Economic growth and market upgrade to draw capital