New record

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 stable forex market will make foreign investors feel secure when investing in Viet Nam because they will be less worried about forex risks,” Hieu said, adding that the forex policy was an important macroeconomic factor for foreign investors when considering investing in Viet Nam. … [Read more...] about VN’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

"Patient 1052" is a 35-year-old man in northern Lao Cai Province who traveled with his two-year-old son, "patient 1053," back from Cambodia via Moc Bai border gate in Tay Ninh Province on August 26. Their first tests were negative but second rounds of tests came back positive on Monday. … [Read more...] about Vietnam records five more imported Covid-19 cases

Hanoi (VNA) – The Health Ministries of the Philippines and Indonesia on September 8 reported that the two countries recorded over 3,000 new COVID-19 cases each on the day. Over the last 24 hours, the Philippines confirmed 3,281 new cases and 26 deaths, lifting its total of infections and fatalities to 241,987 and 3,916. Meanwhile, Indonesia recorded 3,046 more patients and 100 deaths, bringing the total of infections and fatalities in the country to 200,035 and 8,230 – the highest in Southeast Asia. Among Southeast Asian countries, the Philippines and Indonesia are the two most affected by the coronavirus outbreak. In his speech at the virtual 41st General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA 41) on the same day, President of the Cambodian National Assembly Heng Samrin called for strengthening international cooperation and solidarity between countries in the region to cope with the health crisis. He emphasised that the COVID-19 pandemic has caused … [Read more...] about Indonesia, Philippines confirm over 3,000 new COVID-19 cases