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
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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
Great opportunities Vietnam has climbed up the value chain over the years, becoming a key electronics manufacturing hub, attracting stable foreign direct investment with its sound macro fundamentals, preferential tax incentives and an abundance of relatively cheap and productive labor. Electronics, a major driving force of Vietnam’s export growth Vietnamese enterprises are increasingly integrating into the global production chain, as confirmed by international organizations, including the World Bank and the Hongkong and Shanghai Banking Corporation Limited (HSBC) in their reports. For decades an apparel and footwear exporter with a low value added, Vietnam has gradually become an important production center in the technology industry, according to HSBC. Ngo Dang Khoa, HSBC Vietnam’s Country Head of Markets and Securities, said Vietnam has become a production center of electronics and cell phone components, helping it lure an increasing number of foreign … [Read more...] about Vietnam’s star rises in global supply chains
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?
Jakarta (VNA) - Secretary-General of ASEAN Dato Lim Jock Hoi highlighted the need for closer public-private partnership amid challenging global economic outlook, at the 14th Dialogue with the Federation of Japanese Chambers of Commerce and Industry in ASEAN (FJCCIA) on August 10. FJCCIA representatives along with key important figures in ASEAN – Japan cooperation including Ambassador of Japan to ASEAN Akira Chiba, President of the Economic Research Institute of ASEAN and East Asia (ERIA) Professor Hidetoshi Nishimura and Chairman of Japan External Trade Organization (JETRO) Sasaki Nobuhiko attended the meeting. At the dialogue, Secretary-General Dato Lim highlighted ASEAN’s strategies to attain economic resilience in the post-pandemic world by leveraging on trade openness, digital transformation, and sustainability. He also welcomed closer engagements with Japanese businesses to increase trade and investment activities and deepen collaboration in technology transfer, digital … [Read more...] about ASEAN chief highlights need for closer public-private collaboration