- People's deposits in banks set a new record
According to the latest figures just announced by the State Bank, by the end of August, the amount of people's deposits in the banking system continued to reach its highest level ever. In August, people deposited about 43,723 billion VND into the banking system. This increase was a sharp increase compared to 6,700 billion VND in the previous July or 35,300 billion VND in June and 14,700 billion VND in May. In the first 8 months of this year, people's deposits in the banking system reached more than 6.43 million billion VND, an increase of about 9.68% compared to the beginning of the year, also the highest level ever (according to Dan Tri).
- The Government 'urges' the Ministry of Industry and Trade to perfect the mechanism for adjusting retail electricity prices.
The Government Office has just issued a document notifying Deputy Prime Minister Le Minh Khai's opinion on the mechanism for adjusting the average retail electricity price. Deputy Prime Minister Le Minh Khai requested the Ministry of Industry and Trade to preside over and closely coordinate with relevant ministries and agencies to urgently complete the draft decision to replace Decision No. 24/2017. The content will be reported to the Prime Minister before November 15, 2023 (according to Thanh Nien).
- 13 associations want insurance contribution rates to return to 2009 levels
In the document providing comments on the draft revised Law on Social Insurance, 13 associations assessed that the social insurance contribution rate in Vietnam is very high, higher than many countries in the region and the world. The associations recommended that this rate should be brought back to the level of 2009, that is, employees pay 5% and employers pay 15%, for a total of 20%. (See more)
- State Audit: Loan interest rates do not decrease but increase
The State Audit assessed that in 2022, the State Bank implemented measures to reduce lending interest rates of credit institutions. However, lending interest rates did not decrease but increased (according to Tuoi Tre).
- Prime Minister approves investment policy for 500kV power line to 'save electricity' for the North
The Prime Minister has just decided to approve the investment policy and approve the investor of the 500kV transmission line project of Nam Dinh I Thermal Power Plant - Thanh Hoa, to supplement the power source for the North. The project's goal is to reduce the load and avoid overloading of the existing 500kV lines, especially when the transmission capacity is high along the North - Central interface at a time when the hydropower plants in the North are low in generation. (See more)
- Ministry of Agriculture agrees to convert 658 hectares of forest into 23 projects
Recently, the Ministry of Agriculture and Rural Development agreed to convert about 658 hectares of forest to other uses to implement 23 projects serving socio-economic development, national defense and security. (See more)
- Fruit and vegetable exports reached nearly 5 billion USD
Fruits and vegetables continue to be an industry with impressive growth among Vietnam's "billion-dollar" export items. By the end of October, our country's fruit and vegetable exports were estimated to reach more than 4.9 billion USD, an increase of over 78% over the same period last year (according to VTV).
- After audit, technology unicorn VNG lost another 250 billion VND
After many delays, VNG Corporation has just announced its semi-annual audited financial report for 2023. Notably, after deducting items, VNG's audited after-tax profit lost up to VND 293.3 billion, much higher than the loss of only VND 40 billion in the self-made report. In the same period last year, VNG's loss was more than VND 509 billion. (See more)
Today's oil prices on the world market continued to decrease, following the downward trend from the previous session. Brent oil price fell to 89 USD/barrel, while WTI oil price fell to 85 USD/barrel.
The stock market session on October 26 recorded the VN-Index plummeting, down 46.21 points to 1,055.45 points. Notably, many investors "caught the bottom" in this session, causing the order matching liquidity on the HoSE floor to skyrocket to over VND22,000 billion, while the previous session was less than VND10,000 billion.
The central exchange rate on October 26 decreased by 8 VND. The USD price at commercial banks today increased slightly. The world USD price also increased.
Domestic gold prices increased sharply today. The price of gold rings surpassed the 59 million VND/tael mark, reaching a historical peak. The price of gold bars also increased sharply. In the international market, gold prices today increased sharply again despite being negatively affected by the strengthening of the USD.
Today's bank interest rates recorded another reduction. According to statistics from the beginning of October, 24 banks reduced savings interest rates, but three banks still maintained mobilization interest rates of 6%/year or higher right from the 6-month deposit term.
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