Usd vnd exchange rate

Photo shows Vincom Centre Tran Duy Hung in Ha Noi. The shopping mall operator Vincom Retail shares (VRE) soared 7 per cent on Tuesday. — VNA/VNS Photo Vietnamese shares on Tuesday reclaimed ground lost in the previous day's sharp sell-off as large-caps were picked up by bargain-hunters. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 2.77 per cent to close at 1,479.58 points. The index had lost 2.25 per cent, to close Monday at 1,439.71 points. The market's breadth was positive with the number of gainers doubled the number of losers by 304 to 105. On HoSE, investors poured over VND22.2 trillion (US$980 million) into the market, equivalent to a trading volume of nearly 751 million shares. The VN30-Index, tracking the 30 biggest stocks on HoSE, gained 3.05 per cent, to 1,516.16 points. Of the VN30 basket, 28 stocks rose to cushion the market, while one declined and another closed flat. The rally continued on the Vietnamese stock market as purchase power … [Read more...] about Shares reclaim losses on bargain-hunting

The Government has submitted to the National Assembly a fiscal and monetary policy scheme to support socio-economic recovery and development, including a proposed support package worth nearly VND347 trillion. National Assembly deputy Vu Thi Luu Mai, Vice Chairwoman of the National Assembly’s Finance and Budget Committee proposed responsibilities on the effectiveness of the support package. One of the important principles of the Law on Public Investment, the Law on State Budget, and the National Assembly’s resolutions on budget allocation is to ensure resources, efficiency and output results, she said. “With more than VND346 trillion, what results will we get?” she said. Mai said that although the draft Resolution sets three general objectives - GDP growth of 6.5 -7%; restoring production and business and ensuring social security – this is not enough. “If there is no commitment to the results achieved, it is difficult to have an accurate measure to evaluate the … [Read more...] about Economic recovery: expectations and warnings

JSCCIB Chairman Supant Mongkolsuthree (Photo: www.bangkokpost.com) Bangkok (VNA) – The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has reduced its GDP growth forecast for Thailand to 0.5-2 percent from 1.5-3 percent due to the severe impact of the third COVID-19 outbreak despite bright export prospects this year. The Bangkok Post quoted JSCCIB Chairman Supant Mongkolsuthree as saying that even the Thai government’s plan to reopen Thailand by allowing vaccinated foreign tourists to visit Phuket without quarantine later this year may not be enough to restore the domestic economy. Exports appear to have a positive outlook as the group believes they will grow 5-7 percent, up from its 4-6 percent estimate. However, the JSCCIB has maintained its 1-2 percent inflation rate prediction. Supant, who is also chairman of the Federation of Thai Industries, said that as the third wave of COVID-19 remains volatile, economic recovery may take a long time as … [Read more...] about JSCCIB cuts Thailand’s GDP growth forecast