Fed raising interest rate to have negligible effect on USD/VND exchange rate: experts

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Báo Đầu Tư English 5 day(s) ago

Fed raising interest rate to have negligible effect on USD/VND exchange rate: experts

The Federal Reserve’s possible raising of the interest rate in June may not cause the USD/VND exchange rate to fluctuate too much, according to some experts.

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State-funded projects to be reviewed

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Báo Dân Trí English 2 week(s) ago

State-funded projects to be reviewed

Major projects with State investment of at least 10 trillion VND (448.9 million USD) will be reviewed to calculate the exact total capital needed and avoid losses.

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Business highlights – May 2-8

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Báo điện tử CP English 2 week(s) ago

VGP - Tough punishments on USD deposit interest rate ceiling violation, construction on a US$220 million wind power plant in Tra Vinh, fuel prices increasing VND600 per liter and Industrial Production Index (IPI) up 8% are highlights in the national economy from May 2-8.

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Drought causes 400 mln USD losses

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Báo Dân Trí English 2 week(s) ago

Drought causes 400 mln USD losses

Drought and saline intrusion in south central coast, central highlands and southern provinces have caused damage worth nearly 8.9 trillion VND (400 million USD) as of May 6, according to the Department of Natural Disaster Prevention and Control.

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State bank governor gets strict with USD deposit rates

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Báo Dân Trí English 3 week(s) ago

State bank governor gets strict with USD deposit rates

The Governor of the State Bank of Vietnam (SBV) on May 6 issued documents requesting strict compliance with the rules on ceiling USD deposit interest rate which is capped at 0% annually.

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Tough punishments on USD deposit interest rate ceiling violation

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Báo điện tử CP English 3 week(s) ago

VGP – The State Bank of Viet Nam (SBV) has recently ordered commercial banks to strictly comply with the ceiling on dollar deposit rates, announcing a plan to strengthen investigations and supervision and punish infringements, said an official.

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US foundation builds care centre for needy children in Da Nang

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Báo Dân Trí English 1 month(s) ago

US foundation builds care centre for needy children in Da Nang

The US-based Half the Sky Foundation will sponsor more than 3.4 million USD to build the OneSky care centre and kindergarten in the central city of Da Nang.

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Vietnam calls for 48.5 million USD for disaster response

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SaiGon GP English 1 month(s) ago

Vietnam calls for 48.5 million USD for disaster response

Vietnam has sent urgent appeals to international communities, asking for US$ 48.5 million to deal with the impact of increasingly severe drought and saltwater intrusion caused by the El Nino phenomenon.

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Vietnam calls for 48.5 million USD for disaster response

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Báo Dân Trí English 1 month(s) ago

Vietnam calls for 48.5 million USD for disaster response

Vietnam has sent urgent appeals to international communities, asking for 48.5 million USD to deal with the impact of increasingly severe drought and saltwater intrusion caused by the El Nino phenomenon.

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HCM City announces public investment

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Báo Dân Trí English 1 month(s) ago

HCM City announces public investment

Representatives of Ho Chi Minh City’s People’s Council’s eighth term on April 21 approved a public investment proposal on 1,277 projects with a total investment of 137 trillion VND (6.2 billion USD) until 2020.

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Thanh Hoa: US$1.75 m funded for kindergarten meals

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SaiGon GP English 1 month(s) ago

Thanh Hoa: US$1.75 m funded for kindergarten meals

The People’s Committee of central Thanh Hoa province is allocating over 39 billion VND (1.75 million USD) to fund meals for kindergarten children in the province.

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Drought-hit localities supported to address consequences

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SaiGon GP English 1 month(s) ago

Drought-hit localities supported to address consequences

The Government will provide an aid package of nearly 485 billion VND (21.8 million USD) to address the impact of drought and saltwater intrusion on 2015-2016 winter-spring crops.
A farmer on the rice field that dried out due to drought in Gia Lai province. (Photo: VNA)

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Remittances to HCM City reaches 1.15 billion USD in Q1

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Báo Dân Trí English 1 month(s) ago 1 related news

Remittances to HCM City reaches 1.15 billion USD in Q1

Remittances to HCM City in the first quarter of this year is estimated to have reached 1.15 billion USD, up 250 million USD against last month.

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Tug of war over gold continues

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Báo Đầu Tư English 1 month(s) ago

Tug of war over gold continues

Despite a rally in gold prices last month, the domestic demand for the precious metal remains weak.

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30 trillion VND housing stimulus to be extended

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Báo Dân Trí English 1 month(s) ago

30 trillion VND housing stimulus to be extended

Prime Minister Nguyen Tan Dung has approved the State Bank of Vietnam’s (SBV) proposal to extend the 30 trillion VND (1.3 billion USD) housing stimulus package until disbursement of all associated funds is completed.

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