The SBV, on December 7, listed the reference exchange rate at VND23,660 per dollar, up VND2 after the previous flat session. The US dollar selling price at the SBV's Operations Center was unchanged from the previous session at VND23,840 per dollar, while the US dollar buying price was still temporarily left blank. While the reference exchange rate increased, at commercial banks, the US dollar selling price listed by many banks fell below VND24,000 in the morning of the same day. Specifically, Vietcombank bought dollars at VND23,700 and sold them at VND23,980, down VND200 compared to the end of the previous day. Similarly, ACB also quoted the US dollar price down by VND160, to VND23,740 for buying and VND23,980 for selling. However, at the end of the afternoon, commercial banks listed the US dollar selling price to over VND24,000. Specifically, at around 4:15 p.m. on December 7, Vietcombank listed the US dollar price at VND23,710 for buying and VND24,020 for selling, an increase … [Read more...] about Dollar prices rebound to above VND24,000 at commercial banks
When gold prices will fall
When it comes to gas, users also asked why the nation was suffering from gas shortages, why gas prices were rising and why local gas stations were closing down. Residents in Vietnam have been suffering fuel shortages for months, including those in HCMC and Hanoi. Many had to wait for hours at gas stations, or visit different ones with limited offers to fill up their tanks. A combination of several factors, including decreasing imports and ineffective price management by government regulators, have contributed to the shortage, according to local officials. Storm Noru made landfall in the central city of Da Nang and its neighbor Quang Nam Province in September. Wind speeds of 133kph made Noru the strongest storm to hit central Vietnam in 20 years. "Ukraine" was the third most searched news topic in Vietnam, also topping the list of "why" questions on Google in the country, reflecting the general populace's efforts to dig in and monitor information about the year's biggest … [Read more...] about Gas prices, Ukraine most googled news in Vietnam
An electric vehicle charging station of VinFast. (Photo courtesy of the company) Hanoi (VNA) - VinFast Trading & Investment Pte. Ltd. (VinFast) on December 7 announced that it has publicly filed a registration statement on Form F-1 with the US Securities and Exchange Commission (SEC) relating to the proposed initial public offering (IPO) of its ordinary shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. VinFast intends to list its ordinary shares on the Nasdaq Global Select Market under the ticker symbol VFS. Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC will act as lead book-running managers and as representatives of the underwriters for the proposed offering. BNP Paribas Securities Corp., HSBC Securities (USA) Inc., Nomura Securities International, Inc., WR Securities, LLC and RBC Capital Markets, LLC will also be … [Read more...] about VinFast announces public filing of registration statement for IPO
Vietnam imports about 89,000 tonnes of pork in the first ten months of this year. (Photo: VNA) Hanoi (VNA) – Vietnam spent nearly 190 million USD on importing about 89,000 tonnes of pork in the first ten months of this year, according to the General Department of Vietnam Customs. The figures showed year-on-year decreases of 34.4% and 39.6% in volume and value, respectively. In the first ten months of 2022, Vietnam imported pork from 30 markets, including Brazil (37.3%), Russia (24.9%), Germany (12.8%), Canada (8%), and the Netherlands (4.7%). Except for Brazil, the amount of pork import ed from the other markets decreased compared to the same period in 2021. In October 2022, Vietnam imported nearly 12,000 tonnes of pork, valued at 26.02 million USD, down 5.6% in volume and 22.4% in value compared to the figures a year earlier. Meanwhile, in October this year, the country earned 5.77 million USD from exporting about 1,000 tonnes of pork, up 113.3% in volume and up … [Read more...] about Vietnam spends nearly 190 million USD on importing pork in ten months
On April 28, an inspection team from Ministry of Agriculture and Rural Development led by Deputy Minister Phung Duc Tien has inspected the quarantine and customs clearance of pork imports in Hai Phong port. The Deputy Minister has inspected refrigerated containers by him self. The pork was imported mainly from Russia. After that, the inspection team continued to check refrigerated warehouse of HP company where more than 2000 tons of pork were stored. According to the representatives’ evaluation, imported pork met the standards in terms of quality, frozen persevere spares and freshness. Storage temperature was set at about - 18 degree Celsius to ensure meat quality. According to the regulator, the volume of imported pork has only reached 50% of the target assigned by the Government, but has tripled that of the same period in 2019. Vietnam has approved for 24 countries to export meat products into Vietnamese market. Statistics show that over the past 3 months, the amount of … [Read more...] about Where does Vietnam import pork from?
Vincom Center in Ngoc Khanh Ward, Ba Dinh District, Ha Noi. Vingroup's shares jumped on Wednesday, cushioning the market's bearish trend. — Photo vincom.com.vn Lingering selling pressure continued to weigh on the market on Wednesday, however indices pared losses on gains of some pillar stocks. On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index fell for the second day in a row to 1,401.02 points, a decline of 7.67 points, or 0.73 per cent. It lost nearly 45 points in the previous session. There were still more stocks clinging to the downside, of which 268 stocks on HoSE ended the trading day lower with 60 stocks hitting the biggest daily decrease of 7 per cent. Meanwhile, only 78 stocks edged higher. Liquidity also posted a strong drop of more than 40 per cent in trading value over the last session to VND14 trillion (US$588.2 million), equivalent to a trading volume of nearly 920.94 million shares. The VN30-Index also finished lower to 1,047.58 points, a … [Read more...] about Indices extend losses on persistent selling force