Morning news 9/13: State Treasury buys 100 million USD; Seafood exports suffer damage due to storm

Tin tức sáng 13-9: Kho bạc Nhà nước mua vào 100 triệu USD; Xuất khẩu thủy sản thiệt hại do bão - Ảnh 1. — USD transaction at bank - Photo: QUANG DINH

State Treasury wants to "collect" 100 million USD from banks

The State Treasury announced the third round of foreign currency purchases from commercial banks on September 12 with an expected volume of 100 million USD.

Tin tức sáng 13-9: Kho bạc Nhà nước mua vào 100 triệu USD; Xuất khẩu thủy sản thiệt hại do bão - Ảnh 2. — GOLD PRICE UPDATE

The announcement stated that the transaction form of this purchase will be "spot delivery".

The expected payment date is September 16. Previously, the State Treasury had purchased foreign currency from commercial banks twice with a total of 250 million USD.

The third foreign currency purchase by the State Treasury took place in the context of the USD exchange rate cooling down.

On September 12, the State Bank announced the central exchange rate at 24,187 VND/USD, a decrease of 25 VND compared to the previous day.

In the interbank market, the USD buying price is commonly listed at 24,380 VND, and the selling price is 24,750 VND, a sharp decrease compared to April and May, when the exchange rate increased by about 5%.

Domestic exchange rates cooled down amid a weakening USD after the Fed made its interest rate cut message clearer this September.

A series of real estate companies in Ho Chi Minh City were fined.

The Securities Commission has just issued a decision to sanction administrative violations in the securities sector against many enterprises in Ho Chi Minh City.

Of which, Nice Star Real Estate Investment and Development Company Limited was fined 92.5 million VND for not disclosing information that must be disclosed according to regulations.

Specifically, Nice Star did not send to HNX a report on the use of proceeds from the bond issuance for outstanding bonds audited by a qualified auditing organization in the first 6 months of 2023;

Report on the use of capital from bond issuance in 2021, the payment of interest and principal of bonds in 2021, financial report in 2021...

Nam Land Company Limited was also fined the same amount for not publishing a series of documents on the use of proceeds from bond issuance, financial statements for the first 6 months of 2023, the implementation of commitments of the issuing enterprise to bondholders for the first 6 months of 2023, the payment of interest and principal of bonds, etc.

Previously, the Securities Commission had sanctioned Nova Lucky Palace Company Limited because this unit did not send information disclosure content to HNX with the financial report for the first 6 months of 2021.

Nova Lucky Palace also failed to send documents on time such as the situation of interest and principal payments of bonds in 2020, the situation of interest and principal payments of bonds in the first 6 months of 2021, and the report on the use of capital from bond issuance in the first 6 months of 2021...

Closing date for HBC and HNG shares to trade on UpCOM

The Hanoi Stock Exchange (HNX) has just announced its approval of the registration of trading of HNG shares of Hoang Anh Gia Lai International Agriculture Joint Stock Company (HAGL Agrico) and HBC shares of Hoa Binh Construction Group Joint Stock Company to resume trading on the UPCoM floor.

Tin tức sáng 13-9: Kho bạc Nhà nước mua vào 100 triệu USD; Xuất khẩu thủy sản thiệt hại do bão - Ảnh 3. — Illustration

Specifically, more than 1.1 billion HNG shares will start trading on the new exchange from September 18, 2024 with a reference price of VND4,600/share. On the same day, more than 347 million HBC shares will start trading with a reference price of VND5,700/share.

Previously, the Ho Chi Minh City Stock Exchange (HoSE) announced two decisions to delist the two above stocks from September 6. The last trading day of HBC and HNG on HoSE took place from September 5.

Previously, Mr. Le Viet Hai, Chairman of Hoa Binh Group, said he did not agree with the grounds HoSE applied to consider mandatory delisting of HBC shares.

Many seafood exporting enterprises suffered losses after storm No. 3

The Vietnam Association of Seafood Exporters and Producers (VASEP) said the impact of storm No. 3 has caused losses in business opportunities that cannot be fully calculated.

Tin tức sáng 13-9: Kho bạc Nhà nước mua vào 100 triệu USD; Xuất khẩu thủy sản thiệt hại do bão - Ảnh 4. — Shrimp is one of the seafood export products with good growth in the first 8 months of 2024 - Photo: QUANG DINH

After Typhoon Yagi , many seafood export businesses stopped operating.

Mr. Nguyen Hoai Nam, deputy general secretary of the Vietnam Association of Seafood Exporters and Producers, said many businesses in Quang Ninh and Hai Phong provinces suffered heavy losses when their factories and workshops had their roofs blown off; the electrical system was damaged, causing frozen goods to be affected.

Viet Truong Company Limited has 3 factories, 2 of which are almost devastated. The production workshops, packaging warehouses, and pellet feed factories had their roofs blown off and collapsed; the packaging was wet.

The company is temporarily storing imported raw materials in containers at the port, accepting the costs of storage and electricity at the port.

Mr. Do Quang Sang, Chairman of the Board of Directors and General Director of Quang Ninh Seafood Import-Export Joint Stock Company, said that after storm No. 3 (storm Yagi), the company had to temporarily stop production for 4-5 days to clean up the entire factory.

According to VASEP, in the first 8 months of 2024, seafood exports reached nearly 6.4 billion USD, an increase of nearly 9% over the same period last year.

Except for squid and octopus, whose export turnover decreased by 15% in August, the export of all other key products had double- and triple-digit growth. Of which, shrimp exports increased by 30%, tra fish increased by 18%, tuna increased by 13% and other marine fish increased by 12%.