Why bond prices decrease when interest increase

As more Vietnamese are seeking air travel services this summer, air ticket prices have increased as airlines are grappling with surging fuel costs and staffing challenges. Prices for flight tickets on many domestic routes operated by Vietnam’s five major carriers went up 20-40 percent for the last week of June compared to two months ago, according to an analysis by Tuoi Tre (Youth) newspaper. Airfares for international flights to and from Vietnam also soared 20-35 percent compared to pre-pandemic rates, according to a representative of Transportation Services Company (Worldtrans), a Vietnamese air charter provider. Dang Anh Tuan - head of communications of Vietnam Airlines, Vu Duc Bien - general director of Vietravel Airlines and other airline representatives all blamed rising fuel prices for the airfare spike. Fuel costs account for 30-40 percent of an airline’s total expenses, according to the International Air Transport Association (IATA). As fuel prices rise, airlines … [Read more...] about Airfares surge as domestic and int’l travel rebounds, fuel prices skyrocket

At the meeting According to general statistics from the General Department of Vietnam Customs, in the first five months of 2022, approximately 206,110 tons of cashew kernels of all kinds were exported earning over US$1.19 billion in export turnover, down 7.81 percent in volume and 6.81 percent in value. However, the average export price was about $5,792 a ton, up 1.45 percent from the same period last year. Regarding imports in the first five months, enterprises imported about 968,000 tons of raw cashew nuts from abroad with a value of nearly $1.4 billion, down 35.24 percent in volume and down 37.84 percent in value over the same period in 2021. However, prices of imports from Africa increased by 15 percent-20 percent since the beginning of the season. More importantly, importers are tending to be slow to purchase raw materials due to many reasons but the most common is the price difference between imported raw cashew nuts and export kernel prices. The price of raw cashew … [Read more...] about Cashew exports down due to rising oil prices, epidemics, Russia Ukraine conflict

The Ministry of Agriculture and Rural Development (MARD) has proposed helping fishermen amid increasing petroleum prices. Many fishing boats in Vietnam are staying ahosre due to high petroleum prices MARD reported that petroleum prices have kept rising since December last year, which left up to 55 percent of fishing boats in Vietnam staying ashore. This has affected the seafood supply for the domestic and export markets. The country has 91,716 fishing vessels that consume an average of about 330 million litres of fuel per month. Diesel 0.05S, the main fuel for fishing vessels, has surged in price by 65 percent compared to late December last year. This means that fuel costs for fishing activities have increased by roughly VND3.77 (USD162.5 million) trillion each month. Fuel costs usually account for 45-60 percent of input costs for fishing vessels, which means an overall increase in operational costs of 35-48 percent. MARD has recommended assistance for … [Read more...] about Support proposed for fishermen struggling with petrol price hike

A corner of HCM City (Photo: VNA) HCM City (VNA) – The number of businesses in Ho Chi Minh City amounted to 216,170 in 2021, up 26.2 percent from 2016, according to the city’s economic census for last year. Of the total figure, there were 270 State-owned enterprises, down 22.9 percent from 2016. By contrast, the numbers of non-state and FDI enterprises were at 208,609 and 7,291, up 25.1 and 75.2 percent, respectively. The decrease of state-owned firms during this period reflected the policy of the Party and State in arranging, transforming, and equitising the group in order to improve their role and business production efficiency. Among localities, Thu Duc city posted the highest number of operating companies, at 30,729, followed by District 1 (18,184 firms), Tan Binh district (16,745), and Binh Tan district (15,333). According to the municipal Statistics Office, recent years saw an increase in the number of enterprises and an increasing trend of shifting … [Read more...] about HCM City’s number of firms grows over 26 percent from 2016

The US, China, and the EU remain the three largest markets for Vietnamese cashew, accounting for 26.8 percent, 17.7 percent, and 20.5 percent of the total export value of the cashew industry of Vietnam, respectively. Cashew nut exports to the US market declined by 10.1 percent in volume and 30.5 percent in value over the same period last year. Cashew nut exports to the EU market surged by 14 percent in volume but dropped by 21.2 percent in value. Cashew nut exports to China jumped by 136.4 percent in volume and 140.2 percent in value. Meanwhile, Vietnamese cashew processing enterprises imported 480,000 tons of raw cashew in April, spending up to $772 million, a sharp increase of 375 percent in volume and 470.5 percent in value compared to that in April last year. In the first four months of this year, Vietnam imported a total of 1.19 million tons of raw cashew, with a value of up to $1.88 billion, up 300 percent in volume and 323.5 percent in value over the same period last year. … [Read more...] about Vietnamese cashew industry sees trade deficit for the first time