35 billion usd to aud

Hanoi (VNA) - Forest product exports are expected to reel in 14.5 billion USD this year, up 12 percent against 2020, an official has said. Deputy Minister of Agriculture and Rural Development Ha Cong Tuan unveiled the target in an interview with the Lao Dong (Labour) newspaper on the growth of the forestry sector over the next five years. Export value is set to reach 20 billion USD in 2025. During the five-year period, he said, the sector will work to sustain the forest coverage rate at 42 percent, expand distribution markets, develop long-term trade partnerships, and promptly address trade issues for mutual benefits in line with international commitments. The minister also touched on a number of positive outcomes made by the sector last year despite COVID-19. Vietnam exported forest products worth over 13.22 billion USD, up 16.9 percent against the previous year, and 5.7 percent higher than the annual target. The country now ranks fifth globally, second in Asia, and first in … [Read more...] about Vietnam aims to earn 14.5 billion USD from forestry exports

Export value is set to reach 20 billion USD in 2025. During the five-year period, he said, the sector will work to sustain the forest coverage rate at 42 percent, expand distribution markets, develop long-term trade partnerships, and promptly address trade issues for mutual benefits in line with international commitments. … [Read more...] about Vietnam aims to earn $14.5 billion from forestry exports

Hanoi (VNA) - Shares bounced back slightly in the afternoon trade but the VN-Index still lost 60.94 points, or 5.11 percent, closing the January 19 session at 1,131 points. This was the biggest daily retreat of Vietnam’s benchmark since the first quarter of 2020 and the second falling day this week. It inched down just 0.2 percent on January 18. On the Ho Chi Minh Stock Exchange, overall market breadth was pessimistic with 394 stocks falling, only 42 rising and 39 closing flat. Blue chips were the main drag when all of the top 30 largest shares by market value and liquidity (VN30) plummeted, of which eight hit the floor price of a 7-per-cent drop. All of them were banks and financial companies including BIDV (BID), Vietinbank (CTG), Military Bank (MBB), VPBank (VPB), Sacombank (STB), Ho Chi Minh Development Bank (HDB), Saigon Securities Inc (SSI) and Hoang Huy Investment Financial Services (TCH). Except Vincom Retail (VRE) rebounding near the reference price by the end … [Read more...] about VN-Index suffers big loss, liquidity exceeds 1 bln USD

A recent survey showed that the lives of people in Mekong Delta localities have become more difficult due to natural hazards such as drought, saline intrusion, and the ravaging pandemic, Appleton noted, adding that many families in the region are struggling to make ends meet. … [Read more...] about Virtual fundraising event raises 138,650 USD for poor children

Moreover, a credible local rating agency is a key missing ingredient in Vietnam’s corporate bond market. The Ministry of Finance has repeatedly raised its concern on high risks associated with high yield corporate bonds. Bondholders, on the other hand, might be left empty-handed if the companies fail to pay back the debt. … [Read more...] about Impressive 2020 for Vietnam’s corporate bond market