Currency under the central bank of ghana

Illustrative image (Photo: ledgerinsights.com) Bangkok (VNA ) – The Bank of Thailand (BOT) on August 10 raised its key policy rate by 25 basis points (0.25%) to 0.75%, aiming to keep the country's increasing inflationary pressures in check. The BOT forecast that Thailand's economic growth this year will be 3.3%, up 0.1% from its previous projection. For 2023, it predicted growth of 4.2%, down 0.2%. The central bank also maintained its forecast that the annual inflation stays at 6.2%. Raising the interest rate signaled that the BOT was shifting its focus by tightening monetary policy in order to prevent spiraling inflation that could weigh on economic growth . The BOT also noted that the Thai economy is recovering after the COVID pandemic was controlled./. VNA … [Read more...] about Thailand’s central bank hikes rate for first time in four years

A strong business community will build an independent and highly resilient economy. Localities are expected to further create a favorable environment for business operation, especially in simplifying administrative formalities and avoiding petty corruption. Prime Minister Pham Minh Chinh at the conference. Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view during a conference between the Government’s leader and business community on August 11, which drew the participation of 1,200 delegates from a business association and local companies. According to Chinh, more than two years since the outbreak of the Covid-19 pandemic, Vietnam has now put the situation under control and maintained positive growth. Vietnam’s GDP  during the six months expanded by 6.42%, higher than the 5.74% rate in the same period last year, and equivalent to the growth rate recorded in the pre-pandemic period 2016-2019 (6.38%). In addition, Chinh also pointed out high … [Read more...] about PM urges favorable environment for businesses

A view of an MB office in Ha Noi. MB could be allowed to expand its credit room to about 25 per cent in 2022. — VNA/VNS Photo Some qualified commercial banks are forecast to get higher credit growth quotas from the State Bank of Viet Nam (SBV) in the next few months. According to the Bao Viet Securities Company (BVSC), the SBV is expected to announce a credit expansion for commercial banks at the end of Q3 2022 or at the beginning of Q4 2022 as most banks have so far used up most of their assigned credit quota. However, as the SBV has so far decided to keep the credit growth target unchanged at 14 per cent in 2022, the selection of banks to get a higher credit growth quota in the remaining months of this year will be tightened. According to the SBV’s rules, the granting of credit growth quota will be based on the asset quality and operation scale of each bank according to Circular 52/2018/TT-NHNN. Specifically, the SBV will rank banks according to six criteria, including … [Read more...] about Qualified banks expect higher credit growth quota in the next few months

Beachgoers at De Gi Beach in Binh Dinh Province, south-central Vietnam has spent the past few days in awe of two blue whales who have been hunting in nearby waters. Dinh Thanh Tien, chairman of Cat Khanh Commune, on Friday confirmed the appearance of the blue whales at De Gi in his locality in Phu Cat District, Binh Dinh Province. The two whales are about 17 and 10 meters long, according to Tommy Toan, a local tour guide who claims to have seen them several times. They are part of a larger pod of whales that have been foraging in the waters near De Gi Beach since before August, Toan said, adding that the other members of the group have moved elsewhere. A blue whale forages in the waters near De Gi Beach in Phu Cat District, Binh Dinh Province, Vietnam. Photo: Nguyen Dung / Tuoi Tre A blue whale lunges toward fish in the waters near De Gi Beach in Phu Cat District, Binh Dinh Province, Vietnam. Photo: Nguyen Dung / Tuoi Tre “They come here to … [Read more...] about Photos: Two blue whales forage near south-central Vietnam shore

Vung Boi - De Gi, an unspoiled destination in Phu Cat District around 40 km from Quy Nhon Town, has become the center of attention after some of the giant creatures were spotted off the beach earlier this month. The beach is famous for its clear, blue waters. Lensman Nguyen Phan Dung Nhan of Quy Nhon said he and his friends hired a boat to reach the area where the whales are. Diving expert and local tour guide Tommy Toan said that he spotted the whales a month ago. Initially he saw eight whales but now there are only two left, a male and a female. Toan said he first encountered the whales on July 26 when he was taking tourists to Hon Trau Islet, about 8 kilometers from the shore. According to folklore, whales are auspicious creatures because fishermen have a good harvest when they appear. The two remaining animals are estimated to be … [Read more...] about Whales put on a show off lesser-known beach in central Vietnam

Nearly 30,000 farmed lobsters have died for unknown reasons in the south-central Vietnamese province of Phu Yen after a tropical storm made its way into the country’s mainland earlier this week. Some 29,240 lobsters and 1,220 groupers and barramundi raised in 385 farming rafts in Song Cau Town, Phu Yen had died as of Wednesday, Nguyen Van Lam, head of the provincial Department of Animal Husbandry and Veterinary Medicine, confirmed a day later. The damage was estimated at nearly VND2.5 billion (US$106,850). With appropriate measures, local farmers managed to stop the mass mortality on Thursday, which could be attributed to Storm Mulan , according to the provincial Department of Animal Husbandry and Veterinary Medicine. The dead lobsters showed no signs of suffering from diseases. Storm Mulan, the second hitting Vietnam this year, weakened into a tropical depression early on Thursday morning after bringing rough seas and strong waves to the East Vietnam Sea on Wednesday … [Read more...] about Farmed lobsters die en masse following storm in south-central Vietnam