- EVN proposes to speed up electricity purchase from Laos
Vietnam Electricity Group (EVN) has just submitted a proposal to the Ministry of Industry and Trade to consider speeding up the import of electricity from Laos, promptly submitting to competent authorities for approval the policy of importing electricity from wind and hydropower plants such as Nam Mo, Houay Koauan and the connection plan with the Savan 1 and 2 wind power projects. EVN believes that adding imported electricity sources from Laos (total capacity of 225.5MW) to the Northern region will contribute to enhancing the ability to ensure electricity supply in the North in 2024-2025 and the following years (according to Tuoi Tre).
- A0 'leaves' EVN, may bring 2 million USD debts to the Ministry of Industry and Trade
The State Capital Management Committee at Enterprises has just sent a document to the Ministry of Planning and Investment regarding the project to separate the National Power System Dispatch Center (A0) from EVN, under the Capital Committee before transferring to the Ministry of Industry and Trade. Accordingly, when A0 'leaves' EVN, it will be transformed into the 100% state-owned National Power System and Market Operation Company Limited (NSMO), providing dispatching services and operating electricity market transactions. Leaving EVN, A0 may carry 2 million USD in debts. (See more)
- Strictly manage, instead of banning mini apartments
The Ho Chi Minh City Real Estate Association (HoREA) recommends strict management instead of banning mini apartments. Because mini apartments are still a necessary product for society due to their rental and selling prices that are affordable for many middle-income and low-income urban people (according to Thanh Nien).
- State Bank continues to issue credit notes, attracting another 10,000 billion
The State Bank of Vietnam (SBV) has just announced the results of the treasury bill offering. In today's session (September 25), the agency withdrew VND10,000 billion from the system. Previously, in the two sessions of September 21 and 22, the operator successfully bid for nearly VND20,000 billion of 28-day treasury bills. Thus, in the last 3 trading sessions, the SBV has withdrawn nearly VND30,000 billion from the banking system through treasury bills (according to Nhip Song Thi Truong).
- Bamboo Capital's subsidiary is forced to pay taxes and stop customs procedures
BCG Land Joint Stock Company - a subsidiary of Bamboo Capital, has been overdue for tax for more than 90 days, so it has been forced to collect nearly 32 billion VND in taxes and has had its customs procedures suspended. The company is also under great financial pressure with a 2,500 billion VND bond lot that has just been agreed to be deferred by bondholders. The decision is effective for one year (from September 20) and will expire when the company pays the full amount of tax debt to the budget. (See more)
- Mr. Hien's business earns thousands of billions thanks to investing in rice stocks
Rice stocks have recently become the focus of cash flow in the stock market, in which VSF of the Southern Food Corporation (Vinafood 2) is the biggest bright spot when its market price skyrocketed nearly 5 times in less than 2 months. Thanks to that, Mr. Hien's investment in Vinafood 2 also jumped to nearly 5,000 billion VND. (See more)
- American corporation builds the most modern animal feed factory in Asia in Dong Nai
Provimi Premix animal feed factory with a capacity of 40,000 tons/year, the most modern in Asia of Cargill Group (USA) was built in Giang Dien Industrial Park, Trang Bom district, Dong Nai province and started operating from September 25 (according to Nguoi Lao Dong).
- Crabs of the Chinese elite flood Vietnamese markets, priced at nearly 1 million VND/kg
A type of Chinese crab weighing just over 150 grams each has flooded Vietnamese markets in recent days and is being sold for nearly 1 million VND/kg. Unlike imported crabs that weigh up to several kilograms each, hairy crabs are quite small but are listed as a delicacy among the Chinese elite. (See more)
- Sugarcane prices hit record high
Sugarcane prices nationwide are reaching a record of 1.2-1.3 million VND/ton at the field, helping sugarcane farmers increase their income. The information was given at the conference summarizing sugarcane production in the 2022-2023 crop year, taking place in Phu Yen (according to VTV).
- Durian prices plummet, causing traders to suffer
The price of durian in Dak Lak in the past 2 weeks has "turned around" and plummeted, causing many buyers to fall into a state of misery and debt. More than a month ago, the price of grade 1 durian, beautiful fruit, of all sizes, was worth about 90,000-100,000 VND/kg, but now it has dropped to 65,000-70,000 VND/kg (according to Lao Dong).
Oil prices on the world market today, September 25, increased after falling last week. Brent oil prices reached 94 USD/barrel, WTI oil prices surpassed 90 USD/barrel.
On the stock market , at the end of the trading session on September 25, most stocks on all three stock exchanges decreased. VN-Index lost nearly 40 points, down to 1,153.2 points. Selling pressure was high, while demand decreased sharply, many investors were worried that the State Bank would continue to withdraw money.
The USD price at commercial banks today increased slightly, trading around 24,165 VND/USD (buy) and 24,535 VND/USD (sell). The central exchange rate today increased by 16 VND, to 24,076 VND. The world USD price continues to increase.
Gold prices today, September 25, on the world market decreased slightly amid divisive forecasts about whether gold prices will increase or decrease in the coming time. SJC gold bar prices also decreased sharply, losing the 69 million VND/tael mark.
On September 25, many banks reduced their deposit interest rates such as: ABBank, Techcombank, HDBank, SHB, SeABank. Some banks even adjusted their rates for the fourth time this month.
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