Daily business report

The daily reference exchange rate for the US dollar was set at 23,174 VND/USD on August 10. (Photo: VNA) Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,174 VND/USD on August 10, down 2 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,869 VND/USD and the floor rate 22,478 VND/USD. The opening-hour rates at many commercial banks also dropped. At 8:27 am, BIDV listed the buying rate at 23,250 VND/USD and the selling rate at 23,530 VND/USD, both down 5 VND from the end of August 9. Vietcombank kept both rates unchanged at 23,220 VND/USD (buying) and 23,530 VND/USD (selling)./. VNA … [Read more...] about Reference exchange rate down 2 VND on August 10

According to the latest economic update by the World Bank for Vietnam, the country’s economy expanded 5.2% in Q4 of last year, and respectively 5.1% and 7.7% in Q1 and Q2 of this year. Inflation is projected to average 3.8% over the year. The bi-annual report “lays out a set of policy recommendations that could help mitigate the impact of these risks and make the economy more resilient going forward.” Titled “Taking Stock: Educate to Grow”, the edition underlines transforming the higher education system as the key to boosting the country’s productivity and achieving its development goals, in the context where the country re-emerges from the pandemic and into a challenging global environment. Focusing on tertiary and higher education, the bank’s report recommends reforming the education system to improve quality and access, and thus provide the necessary skills to the population./. VNA … [Read more...] about Vietnam’s economic growth forecast at 7.5%: WB

Binh Duong posts a trade surplus of 6.6 billion USD in the first seven months of this year. (Photo: VNA) Binh Duong (VNA) – The southern province of Binh Duong posted a trade surplus of 6.6 billion USD in the first seven months of this year, the provincial People’s Committee reported at a meeting on August 9. export value reached 21.8 billion USD, a rise of 7.1% year-on-year. Meanwhile, its import revenue was nearly 15.2 billion USD, down 5.7 percent year-on-year. Binh Duong ’s index of industrial production in July also rose about 4.7% month-on-month and 22.3% year-on-year. VNA … [Read more...] about Binh Duong enjoys trade surplus of 6.6 billion USD in seven months

Hanoi - Vietnam’s GDP growth is forecast to expand 7.5 percent in 2022 and 6.7 percent in 2023, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery. At the press conference to release the report. (Photo: WB Vietnam) According to the latest economic update by World Bank (WB) for Vietnam, the country’s economy expanded 5.2 percent in Q4 of 2021, and respectively 5.1 percent and 7.7 percent in Q1 and Q2 of 2022. Inflation is projected to average 3.8 percent over the year. Carolyn Turk, WB Country Director for Vietnam, said that the bi-annual report “lays out a set of policy recommendations that could help mitigate the impact of these risks and make the economy more resilient going forward.” Titled “Taking Stock: Educate to Grow”, this edition underlines transforming the higher education system as the key to boosting the country’s productivity and achieving its development goals, in the context where the … [Read more...] about Vietnam’s economic growth forecast at 7.5 pc in 2022: World Bank

Read what is in the news today: Health -- The Ministry of Health reported 2,340 new cases of COVID-19 on Tuesday, raising the national caseload to 11,351,563 and marking a new record of daily infections in three months, according to the ministry. Society -- A tropical depression over the East Vietnam Sea has evolved into a storm named Mulan. This is the second storm off the Vietnamese coast this year and is forecast to bring heavy rains to the northern region from Wednesday, according to the National Center for Hydro-Meteorological Forecasting. -- The Ho Chi Minh City Department of Construction proposed on Tuesday an allocation of VND500 billion (US$21.37 million) from the municipal budget for the renovation of 246 old, run-down apartment buildings in the southern metropolis. -- Functional forces on Tuesday imposed fines totaling more than VND26 million ($1,111) on a restaurant in Thu Duc City under Ho Chi Minh City, where a case of methanol poisoning killed two … [Read more...] about Breakfast @ Tuoi Tre News — August 10

According to Nguyen Thi Le Thu, director of Marketing and Business Development at FV Hospital, the hospital is going to build a new facility to meet the growing need for high-quality healthcare services in Ho Chi Minh City and neighbouring areas. “We plan to recruit more doctors and nurses to work at the new facility,” she told VIR. “FV is an ideal working environment that many health workers are looking for.” Many healthcare staff have switched jobs due to pandemic stress and low salaries, Le Toan The French-funded hospital now boasts over 130 doctors from many countries, including 116 full-time. The hospital receives more than 200,000 patients a year, most Vietnamese but also many expatriates. Like FV, Hanoi French Hospital is hiring new medical and support staff to support its development plan. “We have reactivated our recruitment for European specialist doctors and expect to welcome at least six more before the end of the year,” said CEO Jef Peeters. “We continue … [Read more...] about Post-pandemic staff headaches continuing for local hospitals