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Illustrative image (Source: VNA) Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,163 VND/USD on August 11, down 11 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,857 VND/USD and the floor rate 22,468 VND/USD. The opening-hour rates at many commercial banks increased. At 8:30 am, BIDV listed the buying rate at 23,250 VND/USD and the selling rate at 23,530 VND/USD, both up 5 VND from the end of August 10. Vietcombank kept both rates unchanged at 23,220 VND/USD (buying) and 23,530 VND/USD (selling)./. VNA … [Read more...] about Reference exchange rate down 11 VND on August 11

Generating power from sunlight bouncing off the ground, working at night, even helping to grow strawberries: solar panel technology is evolving fast as costs plummet for a key segment of the world's energy transition. The International Energy Agency says solar will have to scale up significantly this decade to meet the Paris climate target of limiting temperature rises to 1.5 degrees Celsius above pre-industrial levels. The good news is that costs have fallen dramatically. In a report on solutions earlier this year, the Intergovernmental Panel on Climate Change said solar unit costs had dropped 85 percent between 2010 and 2019, while wind fell 55 percent. "There's some claim that it's the cheapest way humans have ever been able to make electricity at scale," said Gregory Nemet, a professor at the University of Wisconsin–Madison and a lead author on that report. Experts hope the high fossil fuel prices and fears over energy security caused by Russia's attack on Ukraine will … [Read more...] about Cheaper, changing and crucial: the rise of solar power

Accordingly, at the end of 2021, the People's Committee of HCMC issued a decision to recognize the auction-winning results for the Dream Republic Joint Stock Company (lot No.3-5), Sheen Mega Joint Stock Company (lot No.3-8), Binh Minh Investment and Trade Company Limited (lot No.3-9), and Viet Star Real Estate Investment Company Limited (lot No.3-12). The Tax Department of HCMC also issued notices of land-use fees and registration fees for four companies to pay to the State budget. Binh Minh Investment and Trading Company Limited paid VND145.7 billion, and Viet Star Real Estate Investment Company Limited paid VND588.5 billion, or a 20 percent deposit. However, after that, they sent written requests to stop and terminate the purchase contract of the auctioned land. Sheen Mega Joint Stock Company paid a deposit of VND203.7 billion and was forced to deduct money from its bank account because its outstanding amount was VND3.79 trillion; the Dream Republic Joint Stock Company paid a … [Read more...] about Thu Thiem land auction results proposed to be canceled

Police officers on May 18, 2009 announced a decision to deport Viet Tan member Nguyen Van Be, a Vietnamese in Australia. (Photo: VNA) Hanoi (VNA) – The Viet Tan terrorist organization has made use of the internet, especially social media, to conduct propaganda and entice people to join its disguised groups on the internet. Under the cover of making social criticism and struggling for democracy, national sovereignty and territorial integrity, those groups in fact spread distorted information on the Party and State’s policies and guidelines in order to spur the hostile attitude among a part of the people. Making use of East Sea situation to undermine the administration Recently, using the complicated developments in the East Sea after China brought its survey vessels into Vietnam’s exclusive economic zone, Viet Tan coordinated with other reactionary groups and associations to hold a series of demonstrations in many countries in order to incite its members and political … [Read more...] about What’s new in Viet Tan’s schemes?

An overview of the meeting (Photo: VNA) Hanoi (VNA) – The impressive economic growth in the first seven months of this year reflects the efficiency of the policies that have been applied recently, stated Minister of Planning and Investment Nguyen Chi Dung at the meeting between the Prime Minister and businesses that opened in Hanoi on August 11. The minister said that international organisations have shown optimism about the Vietnamese economy, rating the country’s long-term credit as "stable" and "positive". Many economists held that the Vietnamese economic resilience is relatively good currently, he added. The official cited a recent survey as showing that in the second quarter of this year, 70-80% of total businesses highly valued the effectiveness of the Government’s support to businesses amid the COVID-19 pandemic , especially those in taxation. As of the end of July, the country had 871,000 companies, up nearly 13% over 2019. In July alone, more than 130,000 … [Read more...] about Government’s economic stimulation policies prove effective: Minister

A conference to review first-half operations and set out second-half tasks Significant contributions Despite numerous difficulties and challenges, the industry and trade sector yielded positive results in the first half of the year, making significant contributions to the country’s socioeconomic development, Minister Dien said. Nguyen Thuy Hien, deputy director of the Planning Department under the Ministry of Industry and Trade, highlighted bright spots related to the industry and trade sector’s growth goals in the first half of the year. Accordingly, the added value of the industrial sector increased by 8.48 percent compared to a year ago. Total export-import turnover reached an estimated US$371.3 billion, with exports increasing by 17.3 percent to more than US$186 billion. In particular, the export growth rate of the domestic sector (19.5 percent) overtook that of the FDI sector (16.6 percent), reflecting intensified efforts of domestic businesses to restore trade, … [Read more...] about Production back to pre-pandemic level

The Institute for Studies of Society, Economy, and Environment (iSEE), in collaboration with Vietnam-based LGBT+ rights group ICS Center, re-launched the LGBTI+ campaign Toi Dong Y (I Do) 2022 in Ho Chi Minh City on Wednesday in the hope of garnering social support for same-sex marriage in Vietnam. Under the theme Hon nhan khong khuon mau (Marriage without model), the campaign will host activities from August to September with the aim of boosting public support for same-sex marriage in Vietnam. The first iteration of the campaign was held in 2013 and was considered a resounding success, culminating in the abolishment of Vietnam’s ban on same-sex marriage in 2014 – a landmark event owed, in part, to a 12,000-signature petition submitted by Toi Dong Y to Vietnam’s National Assembly. Vietnam neither prohibits nor recognizes same-sex marriage now. In addition to hosting discussions at ten universities across the country about gender equality, publishing the first book … [Read more...] about Vietnam’s LGBTI+ campaign to support same-sex marriage reboots after nearly a decade

At the press conference The biennial contest opening for Vietnamese people at home and abroad has seven categories, including economic growth, national defense, state management, communications, culture and arts, science and technology, and innovative startup, Deputy Head of the municipal Reward and Emulation Board Nguyen Hoang Hung said. This year’s competition will focus on discovering measures for the city’s economic development, works and solutions in studying and following President Ho Chi Minh's ideology, morality and lifestyle, mass mobilization activities, national defense and security tasks. The entries have been applied in practice from March 1, 2021, to March 31, 2023, and contributed to solving urgent issues in building and developing the city, or won awards in major competitions. The works must present their creativity, widespread application and immediate effect. An award-winning work reforming administrative procedures at the 2nd HCMC Creative Awards … [Read more...] about 3rd HCMC Creative Awards receives entries by the end of next March