Vietnam china border exchange

Illustrative image (Source: VNA) Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,144 VND/USD on July 5, up 23 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,838 VND/USD and the floor rate 22,450 VND/USD. The opening-hour rates at some commercial banks also went up. At 8:30 am, Vietcombank listed the buying rate at 23,180 VND/USD and the selling rate at 23,490 VND/USD, both up 50 VND from July 4. BIDV also raised both rates by 30 VND to 23,190 VND/USD (buying) and 23,470 VND/USD (selling)./. VNA … [Read more...] about Reference exchange rate up 23 VND

Global tech giant Google is in the process of considering moving orders for future phones to Vietnam in an effort to avoid risks posed by ongoing trade tensions between the United States and China, as well as China's COVID-19 lockdown, newspaper DigiTimes of Taiwan (China) reported. Google's Pixel 7 smartphone The Taiwanese media outlet cited sources from the upstream supply chain as saying that the US-based tech firm originally planned to produce its smartphones in Vietnam. However, it ultimately decided to keep its production in China due to a combination of the pandemic coupled with the strong support provided by Chinese supply chains. However, DigiTimes assessed that the strict COVID-19 lockdowns implemented by the northern neighbour have prompted the company to reconsider its view. According to figures compiled by Canalys, Google has seen robust demand for its Pixel 6 in the North American market, with the smartphone's shipments reaching around 1.2 … [Read more...] about Google ponders moving smartphone production from China to Vietnam

Illustrative image (Source: VNA) Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,171 VND/USD on July 6, up 27 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,865 VND/USD and the floor rate 22,477 VND/USD. The opening-hour rates at some commercial banks continued with the upward trend. At 8:30 am, Vietcombank listed the buying rate at 23,195 VND/USD and the selling rate at 23,505 VND/USD , both up 15 VND from July 5. BIDV also raised both rates by 30 VND to 23,220 VND/USD (buying) and 23,500 VND/USD (selling)./. VNA … [Read more...] about Reference exchange rate up 27 VND on July 6

Deputy Foreign Minister Pham Quang Hieu co-chairs the second political consultation at foreign deputy ministerial level with Qatari Minister of State for Foreign Affairs Soltan bin Saad Al-Muraikhi . (Photo: VNA) Hanoi (VNA) – Deputy Foreign Minister Pham Quang Hieu was on a visit to Qatar on July 4 – 5 where he co-chaired a political consultation at foreign deputy ministerial level, the second of its kind, with Minister of State for Foreign Affairs Soltan bin Saad Al-Muraikhi. Hieu also paid a courtesy call to Qatari Deputy Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani and met with Saleh bin Majid Al-Khulaifi, Assistant Undersecretary for Commerce Affairs at the Qatari Ministry of Commerce and Industry; Mansoor bin Ebrahim Al-Mahmoud, CEO at Qatar Investment Authority; and Mohammed Bin Ahmed Twar Al Kuwari, First Vice Chairman of Qatar’s Chamber of Commerce and Industry. At the meetings, the two sides expressed delight at the … [Read more...] about Vietnam, Qatar hold second deputy foreign ministerial political consultation

The Vietnamese Government for its part would create utmost conditions for South Korean companies to succeed in Vietnam and commit long-term presence in the country. Vietnam and South Korea aim for a bilateral trade turnover of US$100 billion by 2023 and $150 billion by 2030 while striving for a more harmonious trade balance for mutual benefit. Prime Minister Pham Minh Chinh at the phone talk. Source: VGP The view was shared during a phone talk between Prime Minister Pham Minh Chinh and his South Korean counterpart Han Duck-soo on July 5. At the talk, Chinh congratulated Han on his appointment as South Korea’s Prime Minister. The Vietnamese leader ssid bilateral relations have been on the rise amid a volatile world and severe Covid-19 impacts. “Both countries have been top partners of each other, especially in economy, trade, and investment,” Chinh said. According to Chinh, Vietnam remains steadfast in pursuing an independent foreign policy based on … [Read more...] about Vietnam, S.Korea aim for a US$150 billion trade turnover by 2030

Striker Nguyen Van Truong (left) vies for the ball with Jaime Domingo Rosquillo of the Philippines in the 2022 Southeast Asian U19 Football Championship held in Indonesia on Monday afternoon. (Photo VFF) Hanoi (VNS/VNA) – Vietnam crushed the Philippines 4-1 in the 2022 Southeast Asian U19 Football Championship held in Indonesia on July 4 afternoon. Following the goalless draw against Indonesia in the first match, Vietnam were determined to secure three points. From the off, Vietnam were on the front foot. After missing two good chances in the opening exchanges, striker Nguyen Quoc Viet found the net with his third early effort to open the scoring. In the 16th minute, striker Nguyen Van Truong had a good chance to double the lead but after dribbling through the defence his effort was saved by Lance Jeter Aquino Bencio. With the sun beating down in Indonesia, Vietnam conserved their energy in the first half to ensure they never ran out of steam. The Philippines … [Read more...] about Vietnam crush Philippines in Southeast Asian U19 event

Even though recovery across the South-East Asian region has been uneven with the Delta variant, most countries’ GDP including Singapore, Indonesia, Malaysia, the Philippines and Vietnam have risen back up to pre-pandemic levels – with the exception of Thailand, which is still at 2 percent below pre-pandemic levels as its tourism industry struggled with travel and mobility restrictions. It was noted that Vietnam was not particularly affected by the Delta variant wave, and hence did not experience large lockdowns that impacted its economy as much as Malaysia and the Philippines did. Singapore, on the other hand, was able to take advantage of the increase in demand for consumer electronics globally to increase its GDP growth by 7.6 percent last year. Across the region, there is a marked lag in the recovery of the services sector in terms of accommodation, food and retail, but that is expected to increase with the reopening of borders and easing of travel restrictions. However, China’s … [Read more...] about Vietnam’s economy to grow more than 6.5 percent in 2022

Increasing the sharing of hydrological and meteorological data and operations of hydroelectric dams remains one of key issues proposed by Vietnam. Vietnam said the Mekong-Lancang Cooperation must be substantive with the coincidence of economic growth and sustainable development. Vietnam's Foreign Minister Bui Thanh Son at the meeting. Photos: Baoquocte Vietnamese Foreign Minister Bui Thanh Son made the statement at the 7th Lancang-Mekong Cooperation (LMC) Foreign Ministers’ Meeting held on July 4 in Bagan, Myanmar in the attendance of his counterparts from Cambodia, China, Laos, Myanmar, and Thailand. To support the common goal, Son suggested four issues including prioritizing economic recovery and resilience with a focus on customs cooperation and smooth trade transactions; supporting regional members in climate adaptation and energy transition; further cooperation in water resources management and use  by speeding up the building of an action plan on MLC … [Read more...] about Vietnam urges sustainable development for Mekong-Lancang Cooperation

Apart from Vietnam, the meeting also saw the presence of foreign affairs officials from Cambodia, Laos, Myanmar, Thailand, and China. Participants emphasized the principles of consensus, equality, mutual consultation, shared benefits, respect for the U.N. Charter and international laws and in line with each country’s regulations and laws. They also agreed to strengthen MLC cooperation by consolidating the friendly neighborliness, making positive contribution to socio-economic development of member countries, building the ASEAN Community, and realizing the sustainable development goals 2030. They adopted a Joint Press Communique and four joint statements on strengthening agricultural cooperation, natural disaster prevention and control, customs and trade facilitation, and exchanges among MLC civilizations. In his speech, Vietnamese FM underlined that in the post-COVID period, member countries need to ensure that MLC develops in a practical manner with priority given to economic … [Read more...] about Vietnam attends 7th Mekong – Lancang Cooperation Foreign Ministers’ Meeting

At the meeting, the two officials expressed their delight at the flourishing development of the Vietnam-Ireland relations in politics - diplomacy, trade - investment, education - training, and development cooperation. They highlighted the fact that despite the impacts of the COVID-19 pandemic, the two-way trade turnover still keeps a high growth momentum, reaching USD 4.7 billion in 2021. The two sides agreed to enhance coordination between the two foreign ministries in order to tighten the political and economic ties. They also reached agreement on expanding cooperation in priority fields such as climate change adaptation, renewable energy, hi-tech agriculture development, innovation, development cooperation, education - training, and people-to-people exchange. Translated by Chung Anh … [Read more...] about Vietnam, Ireland boost multifaceted cooperation