36 billion usd to inr

Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019. (Photo: tinnhanhchungkhoan.vn) HCM City (VNA) – Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019, a year-on-year surge of 9 percent, despite unfavourable global financial and monetary market, according to Deputy Director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh. Minh said that Vietnamese expatriates remitted roughly 4.3 billion USD to the southern hub as of the end of November. The flow of money has played an important role in economic development as well as stability of foreign currency supply in the city, he stressed. Vietnam was expected to remain one of the top ten remittance recipients in 2019, according to the latest edition of the World Bank’s Migration and Development Brief. Around 16.7 billion USD in remittances was projected to flow into Vietnam for the full year, making the Southeast Asian country the … [Read more...] about Remittances to HCM City expected to pick up 9 percent

Illustrative image (Source: internet) Bangkok (VNA) – Thailand’s Ministry of Commerce has reported that the country’s exports of fruits and vegetable to China surged 31 percent in the January-May period to 1.2 billion USD. Export revenue of fruit rose 123 percent to 838.61 million USD. Of the figure, earnings from durian accounted for 48.5 percent, followed by longan, mangosteen and coconut. However, export revenue of vegetable in the period was only 361 million USD, a drop of 33 percent year on year. Cassava was the major currency earner of the country which made up 96 percent of the total exports of farm produce to China, followed by beans and dried vegetable. Speaking to the local media, Auramon Supthaweethum, head of the Thailand’s Ministry of Commerce’s Department of Trade Negotiations, said that the ASEAN-China Free Trade Agreement (ACFTA) helped facilitate exports of vegetable and fruits. She held that the deal is an important tool for … [Read more...] about Thailand sees strong rise in exports of vegetable, fruits to China

World Bank Country Director for Vietnam Ousmane Dione addresses the meeting in Hanoi on December 5 (Photo: VNA) Hanoi (VNA) – The Ministry of Agriculture and Rural Development (MARD) held a meeting in Hanoi on December 5 to discuss ways to sustainably develop raw material areas and improve processing capacity and market access for agro-products of Vietnam. MARD Minister Nguyen Xuan Cuong said though the agricultural sector of Vietnam has obtained major achievements, it cannot rest on its laurels due to three challenges, which are the small production scale, climate change impacts and economic integration into the world. He admitted that the country has good agricultural production capacity but the production remains ineffective due to the small scale. Besides, deep processing has just developed for only some commodities like shrimp, tra fish and milk to create products with higher added value. Most of other agricultural products have very short value chains. Vietnamese … [Read more...] about Meeting talks sustainable development of agricultural material areas

Thai Minister of Finance Uttama Savanayana (Source: Bangkok Post) Bangkok (VNA) - The Thai cabinet has approved an additional stimulus package valued at 5.8 billion baht (191 million USD) with a hope of boosting the economy to close to the country’s target of 3 percent. The package announced includes a 2 billion baht consumption promotion programme, reduction of real estate transfer fees worth 2.6 billion baht and low-interest loans from the Government Housing Bank, valued at 1.2 billion baht, said Finance Minister Uttama Savanayana. The additional package comes months after the government rolled out a 316 billion baht stimulus programme. Thailand's economy had its weakest annual growth rate in four years, expanding 2.3 percent in the second quarter, as exports have declined amid rising trade tensions and a strong baht./. VNA … [Read more...] about Thailand takes additional economic stimulus package

HCMC Vietnam’s coffee king still leads Trung Nguyen Group following divorce The Saigon Times Daily Thursday,  Dec 5, 2019,20:04 (GMT+7) Vietnam’s coffee king still leads Trung Nguyen Group following divorceThe Saigon Times Daily Dang Le Nguyen Vu, founding chairman and general director of Trung Nguyen Group, and his ex-wife, Le Hoang Diep Thao – PHOTO: PLO HCMC – Dang Le Nguyen Vu, 48, founding chairman and general director of Trung Nguyen Group, continues to lead his coffee empire as he formally ends his marriage to 46-year-old Le Hoang Diep Thao. After four days of deliberations and proceedings, the HCMC Superior People’s Court made its final ruling in the court of appeals today, December 5. Thao and some of her lawyers were absent, while Vu was in court early, according to local media reports. The panel of judges turned down the appeals of the newly divorced couple and accepted part of … [Read more...] about Vietnam’s coffee king still leads Trung Nguyen Group following divorce