Million usd to inr crore

Hanoi aims to lure 38.3 mln USD of investment in first half. (Photo for illustration: hanoimoi.com.vn) Le Quang Phong, vice head of the Management Board of the Hanoi Industrial and Export Processing Zones said local enterprises have been facing difficulties caused by the COVID-19 pandemic. … [Read more...] about Hanoi aims to lure 38.3 mln USD of investment in first half

Hanoi (VNA) - An auction of Government bonds on the Hanoi Stock Exchange (HNX) on May 27 raised 3.707 trillion VND (158.5 million USD) for the State Treasury. G-bonds worth 6.5 trillion VND were issued, with ten- and 15-year bonds bringing in 2.5 trillion VND each, five-year bonds 1 trillion VND, and those with a maturity of 30 years 500 billion VND. Some 1.207 trillion VND worth of ten-year bonds was mobilised at an annual interest rate of 2.9 percent, 0.1 percent higher than at the previous auction on May 20. Meanwhile, 15-year bonds were sold at an annual interest rate of 3.07 percent, 0.12 percent higher than at the previous auction and raising 2.5 trillion VND for the State Treasury. None of the five- and 30-year bonds were sold. The State Treasury has collected 53.443 trillion VND via G-bond auctions at HNX this year./. … [Read more...] about Treasury raises over 158mn USD in latest G-bond auction

Jakarta (VNA) – The Asian Development Bank (ADB) has approved a loan worth 300 million USD to help PT Geo Dipa Energi (GDE), an Indonesian state-owned company, expand its geothermal power generation. In its May 28 announcement, ADB said that it will also manage a 35 million USD loan from the Clean Technology Fund for the project. GDE will use these loans to investing in expanding its geothermal power generation capacity by 110 megawatts in Java, the country’s largest electricity grid, through the construction and commission of two geothermal plants at Dieng in Central Java and Patuha in West Java. GDE President Director Riki Ibrahim said that the Geothermal Power Generation Project, recognized as a National Strategic Project by the government, will provide environmentally friendly base-load electricity to the Java–Bali electricity grid, reducing CO2 emissions by more than 700,000 tonnes per year. The project will build critical geothermal experience in Indonesia … [Read more...] about ADB helps Indonesia develop geothermal power

The figures show that Vietnamese people’s demand for domestic travel has been relatively high. While international tourism activities have not been able to resume, the sector should thoroughly grasp this “golden opportunity” to promote the domestic market, contributing to gradually increasing the total number of tourists as well as improving the difficult position of many travel enterprises. However, people’s incomes have been affected due to Covdi-19; therefore, attractive stimulus programmes are one initial solution to stimulate the domestic tourism market. … [Read more...] about BUSINESS NEWS HEADLINES MAY 28

An Giang (VNA) - Despite the blow struck by the COVID-19 pandemic, exports from the Mekong Delta province of An Giang grew 0.08 percent year-on-year to 358.43 million USD in the first five months of this year, according to the provincial Department of Industry and Trade. Exports are expected to total 450.46 million USD in the first half of the year, up 4.04 percent from a year earlier. Though the pandemic has put significant pressure on the province’s key foreign currency earners such as rice, fisheries, fruit and vegetables, and garments, these products posted growth during the period. An Giang exported 197,890 tonnes of rice worth 102.8 million USD from January to May, equivalent to 43.95 percent of this year’s plan. It is estimated that rice exports in the first half will reach 264,430 tonnes, worth 138.85 million USD, up 4.93 percent and 8.05 percent, respectively. It shipped 49,400 tonnes of fisheries products worth 119.09 million USD during the period, … [Read more...] about An Giang: Key exports post growth in first five months despite COVID-19