3 billion rmb to usd

Volunteers join a campaign against the use of tobacco in central Da Nang city (Photo: VNA)   Hanoi (VNS/VNA) - The new cigarette tax rate of 5,000 VND (0.2 USD) per pack will help reduce the rate of tobacco consumption and increase the State budget, health experts have said. Speaking at the conference on tax incentives to prevent tobacco harm on September 25 morning, health experts said the application of the special consumption tax rate will reduce the tobacco use rate among men from 45.3 percent to 39 percent by 2020. Currently, Vietnam has the world’s ninth-highest number of smokers. On average, one in every two male adults is smoker. The prevalence of smoking among adolescents is 24.3 percent. The country has been suffering the burden of disease and financial loss caused by tobacco use. In 2015, Vietnamese people spent up to 31 trillion VND (1.3 billion USD) on cigarettes and more 24 trillion VND (1.03 billion USD) on treatment of tobacco-related diseases such as … [Read more...] about Increase on special consumption tax vital to reduce smoking

Vietnamese Ambassador to Cambodia Vu Quang Minh (Photo: VNA)   Phnom Penh (VNA) – A Vietnam – Cambodia business cooperation forum was held in Phnom Penh on December 6, focusing on how to boost trade efficiency and protect the legitimate interests of enterprises, as well as experiences in completing procedures for cross-border goods. This is part of the activities in Cambodia of the caravan to boost connectivity between Vietnamese and Cambodian entrepreneurs, attracting the participation of major enterprises in the Mekong Delta and Cambodian partners. Speaking at the forum, Vietnamese Ambassador to Cambodia Vu Quang Minh affirmed that the busy trade and investment promotion activities as well as tourism between the two countries over the past two weeks manifest the great attention of their firms to the chances of cross-border trade and investment. During the function, many questions raised by Vietnamese entrepreneurs concerning business chances, registration … [Read more...] about Vietnam – Cambodia business cooperation forum to boost trade

Lumitel, Viettel Group's mobile operator in Burundi. Viettel is among a number of Vietnamese pioneering companies investing in Africa. (Photo courtesy of Viettel)   Hanoi (VNA) - Bilateral trade between Vietnam and African economies has made significant growth in the past decade, however, there is still room for improvement. Two-way trade jumped 250 percent to 6.6 billion USD in 2018 from 2.52 billion USD in 2010, Deputy Minister of Foreign Affairs Dang Minh Khoi told a seminar on December 6. During that time, Africa became a favourite destination for Vietnamese companies that operate in telecommunications, agriculture and education such as the military-backed telecom group Viettel, he said. The two sides had also made improvements in political, social and diplomatic relations. Those facts prove the potential of bilateral co-operation between Vietnam and African nations is huge, Khoi added. Secretary General of the International Organisation … [Read more...] about Experts call for risk management to boost Vietnam-Africa trade

Illustrative image (Source: VNA)   Hanoi (VNA) - The Vietnam eCommerce and Digital Economy Agency kicked off the Online Friday 2019 and e-commerce and digital technology experience week in Hanoi on December 5. Speaking at the opening ceremony, Minister of Industry and Trade Tran Tuan Anh said Online Friday was in its sixth year and had seen strong development and response from Vietnamese consumers as well as the business community. The first national online shopping day in 2014 saw a modest transaction total of 180 billion VND (7.7 million USD), said the minister. However, the programme has developed with more than 3,000 participating businesses and 27,000 products introduced through online shopping programmes, as well as e-commerce experience weeks. The turnover of the online shopping day reached more than 2 trillion VND (nearly 86 million USD) last year with 1.8 million orders on the system of e-commerce and social networks. Dang Hoang Hai, … [Read more...] about Shoppers rejoice as Online Friday 2019 kicks off

The southern province of Dong Nai is among the localities leading the national program on new-style rural area building with 52 out of 136 selected communes satisfying all the 19 criteria so far, said Vo Van Chanh, Vice Chairman of the provincial People’s Committee. (Photo for illustration) Thanks to the program, the living standards of rural people have much improved. Notably, the 2014 per capita income reached 37.6 million VND (1,790 USD) and 38.6 million VND (1,830 USD) in Xuan Loc district and Long Khanh town, respectively, making them recognized as district-level new style rural areas, Chanh said. Last year, as many as 785 communes were estimated to become new-style rural areas. In addition, 1,285 communes were expected to meet 15-18 out of the 19 criteria for new rural development, and 2,836 others to satisfy 10-14 criteria, according to the program’s steering committee. More than 157.8 trillion VND (8.5 billion USD) sourced from the State budget, credits, … [Read more...] about Dong Nai leads new-style rural building program