Business

Vietnamese currency under bigger pressure in 2020

Vietnamese currency under bigger pressure in 2020

After being relatively stable last year, the foreign exchange rate of the Vietnamese đồng against the US dollar is forecast to be under greater pressure in 2020 due to both internal and external headwinds.

New CEO stands by 737 MAX, eyeing reset at troubled Boeing

Boeing Chief Executive David Calhoun sought to pivot from a bruising period of crisis and scandal on Wednesday, pledging a renewed commitment to safety and transparency and endorsing the long-term viability of the 737 MAX plane.

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Economic cooperation: One of 3 pillars in Vietnam-ASEAN ties

Vietnam has assumed the ASEAN Chairmanship this year. In addition to promote ASEAN’s partnerships and regional connectivity, Vietnam will prioritize economic cooperation.

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The Asian Development Bank today signed a $37.8 million loan deal with TTC Energy Development Investment Joint Stock Company to provide long-term financing to develop and operate a 50-megawatt photovoltaic solar power plant in Tay Ninh Province in Vietnam.

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Mekong Delta's largest LNG power plant approved

Bac Lieu Province has granted an investment licence to the largest foreign-invested project in the Mekong Delta.

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Jetstar Pacific offers promotional tickets on Tet eve

Budget airline Jetstar Pacific has announced promotions for domestic air routes, starting on the evening of Lunar New Year on January 24.

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ATMs continues troubling people on Tet

As demand for cash spikes as the Tet holiday nears, many ATMs in HCM City are either running out of cash or reporting technical problems.

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ROK to import over 55,000 tonnes of Vietnamese rice

The Republic of Korea (ROK) has opened its market to Vietnamese rice, grating a quota of 55,112 tonnes of rice from Vietnam only.

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As many as 706 enterprises, 85 percent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.

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The Government’s foreign debts have been declining sharply and under the Government’s control, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission.

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Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen

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Vietnam had 12,327 people with USD3 million to below USD30 million in net assets by the end of 2018, up 23% over the past five years and the figure is projected to reach 15,776 people by 2023.

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Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.

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Vietnam has set a target to restrain inflation at below 4% in 2019, however, there may be challenges.

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