Joint stock commercial bank for foreign trade of vietnam

The State budget spent about 18 trillion VND (779.69 million USD) implementing social assistance policies for the elderly in the community. Specifically, more than 1.8 million elderly people received monthly allowances, over 1.4 million enjoyed allowances as national contributors, and 3.1 million are enjoying pensions and social insurance benefits. In addition, 12.1 million senior citizens currently have health insurance cards. … [Read more...] about VIETNAM NEWS JANUARY 18

Hanoi (VNA) - Myanmar attracted investment capital of over 348 million USD from permitted foreign enterprises in the first quarter of the 2020-2021 fiscal year starting October, according to figures of the Directorate of Investment and Company Administration (DICA). In the reviewed quarter of the current fiscal year, the Myanmar Investment Commission (MIC) gave the go-ahead to 23 foreign investment enterprises. During the period, the manufacturing sector attracted most investment capital with over 158 million USD, followed by the hotel and tourism sector with more than 81 million USD and the electricity power sector, over 48 million USD, the DICA figures showed. In the last fiscal year, Myanmar attracted over 5.5 billion USD in investment from 245 permitted foreign enterprises. Singapore, China and Thailand are top leading investors in the Southeast Asian nation. Regionally, the Yangon region attracts 60 percent of the investment from both home and abroad, followed by Mandalay … [Read more...] about Myanmar attracts over 348 million USD in foreign investment in Q1

The general director of Foxconn Vietnam was quoted by VietnamPlus as saying that the total amount of capital that the Foxconn Group had invested in Vietnam as of December last year reached US$1.5 billion, with US$900 million of it being poured into Bac Giang, which offered jobs to over 35,000 employees. The contract manufacturer is set to invest an additional US$700 million in the province this year and employ 10,000 more employees. … [Read more...] about Foxconn’s US$270-million tablet and laptop project approved in Vietnam

With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,835 VND/USD and the floor rate, 22,447 VND/USD. … [Read more...] about Reference exchange rate up VND5 at week’s beginning

Foreign investors were net sellers to the tune of around VND620 billion on all three bourses, with the net selling focused mostly on HPG of steelmaker Hoa Phat Group (up 0.2 percent), SSI of SSI Securities Corporation and VHM of Vinhomes. … [Read more...] about VN-Index inches down in week’s opening session