Formosa unit owns up to fish kill disaster, commits to $500 million compensation

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Báo Thanh Niên English 1 day(s) ago 1 related news

Formosa unit owns up to fish kill disaster, commits to $500 million compensation

Formosa Ha Tinh Steel Corp. (FHS) has apologized for causing an environment disaster in central Vietnam and promised to pay US$500 million in compensation, the Vietnamese government said Thursday afternoon.

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China defends FX policies after Trump vows to label Beijing a currency manipulator

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Báo Thanh Niên English 2 day(s) ago

China defends FX policies after Trump vows to label Beijing a currency manipulator

China's Foreign Ministry on Wednesday said the yuan's exchange rate was not the reason for unbalanced trade ties with the United States, after Republican presidential candidate Donald Trump said he would label Beijing a currency manipulator.

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China's Li won't allow 'rollercoaster' markets after Brexit

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Báo Thanh Niên English 3 day(s) ago

China's Li won't allow 'rollercoaster' markets after Brexit

Chinese Premier Li Keqiang said on Tuesday he wouldn't allow the post-Brexit panic that roiled global currencies and stocks to send the country's financial markets into a tailspin, an indication authorities would intervene if needed to prevent market chaos.

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Dollar strengthens as central bank lifts rate

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Báo Đầu Tư English 4 day(s) ago

Dollar strengthens as central bank lifts rate

The US dollar strengthened at domestic commercial banks on Monday, following an increase in the reference exchange rate that the State Bank of Viet Nam adjusted for the day.

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Tourism firm may be shut down after Chinese client burns Vietnamese money

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Báo Thanh Niên English 1 week(s) ago

Tourism firm may be shut down after Chinese client burns Vietnamese money

Da Nang authorities said Tuesday that they want to shut down a local tourism firm after one of its clients from China burned Vietnamese money at a bar in the city last week.

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Chinese man burns Vietnamese money in Da Nang bar

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Báo Thanh Niên English 1 week(s) ago

Chinese man burns Vietnamese money in Da Nang bar

Da Nang police are investigating a claim that a Chinese man burned a Vietnamese currency bill at a bar in the central city Tuesday.

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China central bank holds line on growth forecast but sees more pain to come

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Báo Thanh Niên English 3 week(s) ago

China central bank holds line on growth forecast but sees more pain to come

China's central bank slashed its forecast for exports on Wednesday, predicting a second straight annual fall in shipments, but said the economy will still grow 6.8 percent this year.

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China gives U.S. investment quota for first time to deepen financial ties

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Báo Thanh Niên English 3 week(s) ago

China gives U.S. investment quota for first time to deepen financial ties

China said it will give the United States a 250 billion yuan ($38 billion) investment quota for the first time to buy Chinese stocks, bonds and other assets, deepening financial ties and interdependence between the world's two largest economies.

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Dong devaluation cause for concern

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Báo Đầu Tư English 3 week(s) ago 1 duplicate news

Dong devaluation cause for concern

With a double dose of the Federal Reserve’s possible rate hikes combined with the Chinese yuan’s 1.5 per cent retreat in May, there is concern it could trigger the dong’s further devaluation and have an unkind impact on the local economy as a whole.

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7 Vietnamese arrested for counterfeit money

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Báo Thanh Niên English 1 month(s) ago

7 Vietnamese arrested for counterfeit money

Police in the central province of Quang Nam said Wednesday they had arrested seven suspects and seized counterfeit money worth more than US$11,000.

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

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Báo Đầu Tư English 1 month(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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China’s economy grinds down a gear as heavy industry drags

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Báo Thanh Niên English 1 month(s) ago

China’s economy grinds down a gear as heavy industry drags

China’s economy resumed its grind toward slower growth in April, weighed down by overcapacity industries such as steel and coal.

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China central bank pledges policy fine-tuning, yuan flexibility

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Báo Thanh Niên English 2 month(s) ago

China central bank pledges policy fine-tuning, yuan flexibility

China's central bank said on Friday that it will fine tune policy in a pre-emptive and timely way, as the economy still faces downward pressure despite signs of steadying.

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China stats bureau called out for profiting from data

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Báo Thanh Niên English 2 month(s) ago

China's Communist Party anti-graft watchdog said on Wednesday that hundreds of staff working for the country's statistics bureau have been using data for personal gain, including collecting fees for providing information and other services.

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China first quarter GDP grows at slowest pace since 2009

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Báo Thanh Niên English 2 month(s) ago

China first quarter GDP grows at slowest pace since 2009

China's economy grew 6.7 percent in the first quarter from a year earlier, meeting expectations and at its slowest pace in seven years, although other indicators show the slowdown in the world's second largest economy may be bottoming out.

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