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
Lay bare franchise price
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?
Having grown pomelos for more than five years, Hồ Văn Lời in Châu Thành district could barely hide his joy at seeing his 6,000 square metres of the fruit granted a “visa” to head to the US. This was the result of boldly shifting to safe production methods and ending chemical use to control pests. Now that pomelo s are entering foreign markets, in addition to safe and clean production, production chains and building planting area codes have become crucial in order to meet the requirements of importers. Ben Tre pomelos securing the first “visa” to the US is great news for the local agricultural ind us try and farmers at a time when farmers are determined to recover and develop the economy post-pandemic. Ben Tre currently has 48 planting area codes for growing fresh fruit for export , on an area of 487 hectares, with exports heading to the US, the EU, New Zealand, and elsewhere./. VNA … [Read more...] about Opportunities for Vietnamese pomelo to enter more markets