New record whitetail

Hanoi (VNS/VNA) - Vietnam’s foreign exchange reserve has hit a new record high of 92 billion USD, a significant expansion from 84 billion USD which Governor of the State Bank of Vietnam Le Minh Hung revealed in April. At a recent Government meeting, Prime Minister Nguyen Xuan Phuc said the country’s forex reserve was expected to hit 100 billion USD by the end of this year, five times higher than the level recorded at the beginning of his term. Statistics of the General Department of Customs showed that August saw a trade surplus of 2.5 billion USD and a surplus of 10.93 billion USD in the January-August period, providing a plentiful supply of foreign currencies which enabled the central bank to purchase foreign currencies from the beginning of this year. Financial expert Nguyen Tri Hieu said that high reserves would be an important buffer to help the economy withstand external shocks, which would contribute to stabilising the macroeconomy, strengthening foreign … [Read more...] about Vietnam’s forex reserve sets new record

A person counts U.S. banknotes. Vietnam’s foreign reserves have hit a new record of some US$92 billion and are forecast to reach some US$100 billion at the end of this year - PHOTO: THANH HOA HCMC – Vietnam’s foreign reserves have hit a new record of some US$92 billion and are forecast to reach some US$100 billion at the end of this year, Prime Minister Nguyen Xuan Phuc said at a monthly cabinet meeting early this month. … [Read more...] about Vietnam’s foreign reserves set new record

Statistics of the General Department of Customs showed that August saw a trade surplus of $2.5 billion and a surplus of $10.93 billion in the January-August period, providing a plentiful supply of foreign currencies which enabled the central bank to purchase foreign currencies from the beginning of this year. … [Read more...] about VN’s forex reserve sets new record

The US was the largest export market of Vietnamese agro-forestry-fishery products with a revenue of more than US$6.3 billion for the period, up 14.2 percent, accounting for 24.13 percent of the export market share. China came second with revenue of US$6.28 billion, a drop of 10.1 percent, accounting for 24 percent of market share. Agro-forestry-fishery exports to other major markets also saw decreases – falling 2.2 percent in the EU market to US$2.5 billion, 11.4 percent in the ASEAN market to US$2.24 billion, and 1.8 percent to Japan at US$2.2 billion. … [Read more...] about Agro-forestry-fishery exports record trade surplus

Patients 1050 and 1051 are women, aged 51 and 28, coming south central province of Phu Yen and Hanoi. They returned from the Philippines on September 6 and were sent to quarantine in southern Can Tho City. Both tested positive for the new coronavirus on Monday. … [Read more...] about Vietnam records five more imported Covid-19 cases