46 million usd to yen

Illustration. (Photo: VNA) Hanoi (VNA) – Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022, the General Statistics Office (GSO) reported on June 29. According to the office, in the first half of this year, total import-export revenue is estimated to reach 371.17 billion USD, up 16.4% year on year, with imports of 185.94 billion USD, a rise of 17.3% over the same period last year. In the period, the domestic economic sector suffered trade deficit of 15.97 billion USD, while the foreign-invested sector saw trade surplus of 16.68 billion USD. In June, import-export turnover is estimated at 32.65 billion USD, up 5.6% over the previous month. In the second quarter of 2022, export revenue reached 96.8 billion USD, a rise of 21% year on year and 8.7% over the previous quarter. In the January-June period, 28 products recorded export revenue of over 1 billion USD, and five earning revenue exceeding 10 billion USD. The GSO reported that the … [Read more...] about Vietnam enjoys trade surplus of 710 million USD in six months

The factory of the Far Eastern New Apparel Vietnam Co. Ltd in Bac Dong Phu Industrial Park of Binh Phuoc province (Photo: VNA) Binh Phuoc (VNA) – Binh Phuoc , a province in the southern key economic region , recorded a trade surplus of nearly 700 million USD in first half of 2022, according to the provincial People’s Committee. The administration said thanks to proactive moves to ensure material supply for manufacturing and diversify export markets, local businesses have maintained the strong recovery trend and enjoyed good exports growth. They exported over 1.95 billion USD worth of goods in H1, rising 23.26% from a year earlier and equivalent to 50.74% of this year’s target. Meanwhile, the import turnover stood at 1.26 billion USD. The People’s Committee noted though there remain difficulties in export markets and goods flows, thanks to the experience gained during the long social distancing period in 2021, businesses have gradually ensured material supply … [Read more...] about Binh Phuoc posts nearly 700 million USD in H1 trade surplus

Vietnamese e-commerce enabler OnPoint has closed 50 million USD in series B funding from SeaTown Private Capital Master Fund.(Photo: VNA) HCM City (VNS/VNA) - OnPoint, an e-commerce enabler in Vietnam has successfully raised 50 million USD in a series B fund-raising round from SeaTown Private Capital Master Fund managed by SeaTown Holdings International, an indirect wholly-owned subsidiary of Singapore’s Temasek Holdings. This is the largest private investment in the Southeast Asian e-commerce enabler industry in the last five years. It will enable OnPoint to further invest in omni-channel marketing and sales solutions besides tapping into SeaTown’s vast network and experience in the digital economy and consumer sectors across Southeast Asia and globally. Dickson Loo, managing director of SeaTown, said: “In one of the fastest-growing e-commerce markets globally, OnPoint has proven to be the best-in-class e-commerce enabler supporting a large portfolio of local and … [Read more...] about E-commerce enabler OnPoint raises 50 million USD from Singapore fund

At the construction site of a project invested by PV GAS (Photo: VNA) Hanoi (VNA) - The Petrovietnam Gas Joint Stock Corporation (PV GAS) posted a a fter-tax profit of nearly 7 trillion VND (300 million USD) in the first six months of 2022, up 87% compared to the target and 59% year-on-year. before-tax profit reached over 8.67 trillion VND (over 371.3 million USD) in the January - June period, up 87 percent and 56 percent, respectively. production and business in the first six months faced many challenges due to geopolitical impacts from the Russia-Ukraine conflict and the disruption of global supply chain caused by China’s COVID-19  prevention and control policy, PV GAS's financial targets rose by 8-59% over the same period last year. VNA VNA … [Read more...] about PV GAS’s after-tax profit hits nearly 300 million USD in 6 months

Illustrative image (Photo: vtc.vn) HCM City (VNA) – Ho Chi Minh City has collected taxes and fines worth a total of 169 billion VND (7.26 million USD) from 38 individuals who earned incomes through Google in the first half of the year. They failed to file their tax returns in time, according to deputy head of the city tax sub-department Thai Minh Giao. One of them had to pay 31 billion VND in taxes and fines, said Giao, adding that three companies were also punished and ordered to pay 327 million VND in taxes and fines . Tax authorities have also found that many Vietnamese organisations and individuals that provided online services to foreign organisations did not submit their tax. Giao said that his office is exerting efforts to intensify dissemination and guide organisations and individuals involved in e-commerce to voluntarily fulfill their obligation of tax declaration and payment in accordance with regulations./. VNA … [Read more...] about HCM City collects 7 million USD of taxes, fines from people with Google incomes

Illustrative image (Photo: VNA) Hanoi (VNA) – A joint venture between India ’s Adani Group and Vietnam’s Anh Phat Investment Construction & Trading JSC has been approved by authorities of Da Nang to start studying the development of a major seaport in the central city, according to Nhan dan (People) newspaper. Lien Chieu Port will be capable of handling 3.5 – 5 million tonnes of cargo annually in the first phase. It can accommodate vessels of up to 100,000 tonnes and container ships of up to 8,000 TEU. The new port will be of the world class and offer a new engine for the development of Da Nang and Vietnam at large. Insiders said the project can provide 5,000 jobs and contribute up to 80 million USD to the city's coffer, equivalent to around 2.1 percent of Da Nang’s Gross Regional Domestic Product (GRDP), by 2030. The approval was officially granted by the municipal People’s Committee to the joint venture in the presence of Prime Minister Pham Minh Chinh at the … [Read more...] about India conglomerate pledges to invest 10 billion USD in Vietnam