Ratings queen for seven days

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,142 VND per USD on January 26, down 5 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,836 VND/USD and the floor rate, 22,447 VND/USD. The opening hour rates at some commercial banks saw a slight decline. At 8:25 am, Vietcombank listed the buying rate at 22,950 VND/USD and the selling rate at 23,160 VND/USD, both down by 5 VND from January 25. BIDV also cut both rates by 5 VND, listing the rates at 22,970 VND/USD (buying) and 23,170 VND/USD (selling). Meanwhile, Vietinbank maintained the same rates as on January 25, at 22,925 VND/USD (buying) and 23,172 VND/USD (selling)./. … [Read more...] about Reference exchange rate revised down by 5 VND

10th Allianz survey: Pandemic outbreak overtakes Business interruption as the top risk and Changes in legislation and regulation jumps seven spots and ties with business interruption to make the top three risks for businesses in China for 2021Globally, Pandemic outbreak rockets to #2 from #17 and is seen as the main cause of business interruption in 2021, followed by Cyber incidents. Companies look to de-risk supply chains and boost business continuity management for extreme events.In Asia Pacific, the top three risks mirror the Global rankings although Business interruption swaps places with Cyber incidents, which ranks #1 for the second consecutive year. Market Developments and rising insolvency rates could also affect supply chains, with large bankruptcies expected in the US, Brazil, China and core European countries in 2021 … [Read more...] about Allianz Risk Barometer 2021: Pandemic outbreak overtakes Business Interruption as top business risk in China

The UNDP-led initiative covers not only climate change adaption but also disaster risk reduction for affected provinces up and down the country Tropical thunderstorms Linfa, Nangka, Ofel, and Molave hit Vietnam’s central region last October, causing devastation and death. By the end of the month, they had killed over 240 people, collapsed and flooded an estimated 243,000 houses, and caused around $1.3 billion in infrastructure damage, according to the Vietnam Disaster Management Authority under the Ministry of Agriculture and Rural Development (MARD). … [Read more...] about Equipping localities in climate fight

An online shopper visits an ecommerce platform. Vietnam’s ecommerce sector posted an impressive growth rate of 18% at US$11.8 billion in revenue in 2020 – PHOTO: THE SAIGON TIMES HCMC – At US$11.8 billion in revenue in 2020, Vietnam’s ecommerce sector posted an impressive growth rate of 18% amid the coronavirus pandemic. … [Read more...] about Local ecommerce sector marks impressive growth

In 2021, the Standing Committee of the City Party Committee will submit to the Politburo and the Government for consideration and adjustment of the development planning of Hà Nội to 2030, with a vision to 2050, to create a development framework for the city, in accordance with the new Planning Law and review 10 years of implementation of the Capital Law to submit to the National Assembly for studying, amending and supplementing as well as adopting a new resolution for development strategy in the coming years. … [Read more...] about Hà Nội strives to become a green, smart and modern city