- EVN proposes not to increase coal prices for electricity production
After the Vietnam National Coal and Mineral Industries Group (TKV) wanted to increase the selling price of domestic coal for electricity production, the Vietnam Electricity Group (EVN) immediately responded in writing. EVN requested that TKV consider not increasing the price of domestic coal sold for electricity production, and the price of domestic coal in the plan to blend with imported coal. (See more)
- Power supply scenario in 2024
EVN has just proposed two scenarios for power supply in 2024 based on the scenario of water flow to hydroelectric reservoirs. Accordingly, scenario 1: Water flow to hydroelectric reservoirs is at normal level (corresponding to frequency of 65%); scenario 2: Extreme (poor water flow as happened in 2023 corresponding to frequency of about 90%) (according to VNA).
- 'Sub-licenses' cause difficulties for people and businesses
On September 8, at an online meeting with 63 provinces and cities on administrative procedure reform, Deputy Prime Minister Tran Luu Quang said that administrative procedures in many fields are still cumbersome and complicated, sometimes even creating additional procedures and licenses that cause difficulties for people and businesses (according to Tien Phong).
- 40 times increase in fees for new registration and license plates for pickup trucks
According to Circular 60 recently issued by the Ministry of Finance, from October 22, there will be many changes in the fees for issuing new registration certificates and license plates for cars. Accordingly, the fee for issuing new registration certificates with license plates for pickup trucks in Region 1 (Hanoi and Ho Chi Minh City) will be 20 million VND, an increase of 40 times compared to before (according to VTV).
- National reserves of gasoline and oil have only reached 9 days.
In a written response to a petition from voters in Ho Chi Minh City, the Ministry of Finance said that, to date, the national reserve for petroleum products has only reached about 9 days of net imports, and there is no national reserve for crude oil. (See more)
- Budget revenue decreased, only reaching over 1 million billion VND in 8 months
Director General of the General Department of Taxation Mai Xuan Thanh said that budget revenue has shown signs of decline since the beginning of the year. The total accumulated state budget revenue in the first 8 months of the year was about 1 quadrillion VND, down 8.8% compared to the same period in 2022 (according to Tien Phong).
- Vietnamese exports increase the most in 1 year
According to the Ministry of Industry and Trade, in August, Vietnam's goods exports were estimated at 32.4 billion USD, up 7.7% compared to the previous month. This was also the month with the highest export turnover in the past year and marked the fourth consecutive month of growth (according to Tien Phong).
- More than $1 billion poured into stocks every day in August
A newly released report from the Ministry of Finance shows that the average transaction value in August 2023 reached VND 26,200 billion/session (more than USD 1.09 billion/session), an increase of 23.8% compared to the average of the previous month (according to VTV).
- Singer Khanh Phuong managed to sell all SJC shares before his wife was detained.
Mr. Pham Khanh Phuong (singer Khanh Phuong) had divested all his capital from Song Da 10.1 before Ms. Vu Thi Thuy was detained for providing false information and appropriating an especially large amount of money. (See more)
- Fertilizer stocks hit ceiling after China's move
Fertilizer stocks hit the ceiling after China asked companies to temporarily suspend urea exports. In the first half of 2022, fertilizer prices hit a peak, helping many businesses achieve huge profits. (See more)
- Steel prices fell for the 19th consecutive time
Domestic construction steel prices have just been adjusted down for the 19th consecutive time. Steel prices have now reached their lowest level in the past 3 years, fluctuating around 13-14 million VND/ton. (See more)
- Vietnamese coffee prices at record high
Export output ranks second in the world but the value is not high because most of Vietnam's coffee is Robusta. Now this type of bean is favored by many countries, pushing the price to a record high, farmers earn billions. (See more)
- Chinese ginseng impersonating Ngoc Linh ginseng
Super cheap price, Chinese ginseng flooded into Vietnam disguised as Ngoc Linh ginseng, Lai Chau ginseng. It is worth mentioning that when tested, Chinese ginseng was found to have pesticide residues many times higher than allowed. (See more)
- Export rice prices fell sharply for two consecutive sessions.
After many days of strong increases, the export price of rice in our country has turned to decrease sharply. Not only Vietnam, the export price of rice in many countries such as Thailand and Pakistan is also decreasing (according to Lao Dong).
On the stock market , VN-Index decreased slightly today. Many real estate and manufacturing stocks increased well while Vingroup and banking stocks performed poorly.
The world USD price cooled down today. The central exchange rate between the Vietnamese Dong (VND) and the US Dollar (USD) increased by 14 VND. The USD price at commercial banks fluctuated slightly.
Oil prices fell today on the world market after approaching a 10-month peak. Oil prices fell due to cautious investor sentiment and improved supply.
World gold prices continue to fall due to selling pressure. Domestic gold bar prices increase sharply, approaching the 69 million VND/tael mark.
Today, the market recorded two more banks reducing deposit interest rates for terms of 6 months or more. A series of banks reduced deposit interest rates to below 6%/year.
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