More compensation comes to Formosa incident-hit residents

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SaiGon GP English 1 day(s) ago

Deputy Prime Minister Truong Hoa Binh has asked the Ministry of Finance to make an advance payment of VND 1.68 trillion (USD over 74 million) to compensate local residents in four central coastal provinces for their losses caused by a maritime environment incident last year.

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Vietnamese dong continues its four-day rise against USD

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Báo Đầu Tư English 2 week(s) ago

The State Bank of Viet Nam (SBV) continued to decrease the reference US$/VND exchange rate yesterday by 5 dong to touch VND22,154 per $1dollar.

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USD/VND reference exchange rate hits record high

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Báo Đầu Tư English 3 week(s) ago

The State Bank of Viet Nam (SBV) on Wednesday raised the reference USD/VND exchange rate by 4 đồng, taking it to a record high of VND22,156 per US dollar.

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M&A market active in Singapore

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SaiGon GP English 1 month(s) ago

The mergers and acquisitions (M&A) market in Singapore hit 125.7 billion SGD (88.1 billion USD) with 800 transactions in 2016, despite economic difficulties, reported Today Singapore newspaper.

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Fed rate hike could pressure exchange rate

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Báo Đầu Tư English 1 month(s) ago

In a long anticipated move, the US Federal Reserve decided Wednesday to raise the benchmark interest rate by a quarter percentage point to 0.5 per cent, marking the first hike since December 2015 and only the second in a decade.

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Thailand, China target 120-billion-USD trade value in 2020

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SaiGon GP English 1 month(s) ago

Thailand and China are planning to raise two-way trade from the current level of 60 billion USD to 120 billion USD in 2020, reported from Bangkok by the Vietnamnews.

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HCM City to mobilize 40 trillion VND for new rural development

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SaiGon GP English 1 month(s) ago

Ho Chi Minh City will invest nearly 40.7 trillion VND (1.84 billion USD) to improve the quality of new rural area development in 2016-2020, the municipal authorities announced at a conference on December 2.

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Malaysia, Singapore delay signing of high-speed railway deal

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SaiGon GP English 1 month(s) ago

Singapore and Malaysia have decided to postpone the signing of a bilateral agreement on a 14.7-billion-USD high-speed railway project due to slow scheduling and other administrative issues, Vietnamnews's reporter reported in Singapore, yesterday.

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China remains biggest investor in Cambodia

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SaiGon GP English 1 month(s) ago

China is the biggest investor in Cambodia, with cumulative investment exceeding 14 billion USD from 1994 to October 2016, according to the Council for Development of Cambodia, reported by Vietnamnews in Phnom Penh.

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Danish NGO funds UXO clearance in Quang Nam province

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Báo Dân Trí English 1 month(s) ago

Denmark’s non-governmental organisation DDG is providing a non-refundable aid of nearly 1.29 million USD for phase II of a project on searching for and settling unexploded ordnance (UXO) in central Quang Nam province.

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HCM City to submit airport metro proposal to PM

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SaiGon GP English 2 month(s) ago 1 related news

HCM City early next year plans to submit for approval to Prime Minister Nguyen Xuan Phuc a 276 million USD metro-line project to Tan Son Nhat international airport in Tan Binh district, the country’s busiest airport.
Tan Son Nhat International Airport in HCM City. (Photo: tansonnhatairport.vn)

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USD/VND exchange rate reaches record high

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Báo Đầu Tư English 2 month(s) ago

The State Bank of Viet Nam (SBV) today again raised the exchange rate by 13 Vietnamese dong, taking it to a record high of VND22,131 per US dollar.

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Laos aims for 7.2 percent economic growth by 2020

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SaiGon GP English 2 month(s) ago

Laos has set goals to achieve an average growth rate of 7.3 percent and GDP of more than 70 billion USD for 2020, source from Vietnamnews.

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Central bank downplays forex concerns

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Báo Dân Trí English 2 month(s) ago

The State Bank of Vietnam (SBV) on Thursday said that the rising value of the US dollar against the Vietnamese Dong was normal at this time, reassuring market concerns over the accelerating VND/USD exchange rate.

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RoK investors seek opportunities in Quang Ngai province

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Báo Đầu Tư English 2 month(s) ago

Twenty businesses from Ulsan city, the Republic of Korea, arrived in central Quang Ngai province on November 17 to explore investment opportunities.

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