Morning news 4-10: USD price at banks suddenly increased; 'Hiding' a series of transactions, a company was heavily fined

Tin tức sáng 4-10: Giá USD ngân hàng bất ngờ bật tăng; 'Ém' loạt giao dịch, một công ty bị phạt nặng - Ảnh 1. — Illustration

Government bond interest rates decrease in many terms

According to news from the Hanoi Stock Exchange (HNX) report, in September 2024, the exchange organized 18 auctions of government bonds issued by the State Treasury.

Tin tức sáng 4-10: - Ảnh 2. — UPDATE GOLD PRICE HERE

In September, the State Treasury called for bids for government bonds at five terms including 5, 7, 10, 15 and 30 years, mobilizing VND33,374 billion, of which the 10-year term still held the highest proportion with 66% of the total issuance volume.

According to HNX, interest rates for government bonds in September tended to decrease compared to the end of August for terms of 5, 10 and 15 years, decreasing by 0.03%, 0.05% and 0.04% per year, respectively.

The 7-year term had a winning bid in September with an interest rate slightly increasing by 0.03%/year compared to the winning bid at the end of March, while the 30-year term had an unchanged winning interest rate compared to the previous month.

Specifically, the winning interest rates at the successful bidding sessions at the end of September for the 5, 7, 10, 15 and 30-year terms were 1.95%, 2.05%, 2.66%, 2.86% and 3.10%, respectively.

In the secondary market, HNX said the listed value of government bonds as of September 30, 2024 reached more than VND 2.17 million billion, up 1.18% over the previous month.

Government bond transactions in September had a total transaction value of VND 258,105 billion, the average transaction value per session reached VND 13,584 billion/session, an increase of 23.01% compared to August.

Trend of businesses using AI to find personnel and screen job applications

News from Navigos Group said that a short survey conducted by VietnamWorks with nearly 400 Vietnamese enterprises in August 2024 showed that 41% of the surveyed units used Generative AI (Generative AI/Generative Artificial Intelligence) in recruitment and human resource management.

About 28% of businesses use generative AI to write job descriptions. Nearly 22% of respondents use generative AI to automatically post job postings or screen resumes online.

This is a trend that shows the strong development of artificial intelligence in optimizing human resources.

According to a survey, AI saves an average of 30% of time for the HR department when recruiting, analyzing, and screening applications.

This AI technology is also effective in designing "personalized" training programs, suitable for each employee, helping them maximize their potential.

For example, generative AI can measure employee emotions, helping businesses promptly grasp needs to have solutions to increase engagement and promote working spirit.

According to the Ministry of Labor, War Invalids and Social Affairs, in the second quarter of 2024, the occupations with the highest recruitment demand are accounting - auditing, information technology - telecommunications, marketing - advertising - communications, science - technology and production labor.

It is forecasted that in the third quarter of 2024, job demand will increase in the wood processing industry - manufacturing wood, bamboo, rattan products or manufacturing chemicals and chemical products.

On the contrary, the profession of manufacturing electrical equipment or repairing, maintaining, and installing machinery/equipment may see a decrease in recruitment demand. It is expected that in the third quarter of 2024, the country will have over 51.5 million employed people, an increase of about 127,000 people compared to the previous quarter.

Chairman of a state-owned enterprise resigns after less than half a year

Welding Gas Joint Stock Company (SVG) has just announced to the Securities Commission a change in senior leadership personnel.

Accordingly, Mr. Nguyen Van Chung was appointed as Chairman of the Board of Directors to replace Mr. Nguyen Dinh Khoat. Before taking the "hot seat" of SVG, Mr. Chung was Deputy Head of the Investment and Construction Department of the Vietnam Chemical Group.

Previously, Mr. Khoat submitted his resignation because he was no longer the representative of the capital of Vietnam Chemical Group at Industrial Gases and Welding Rods Joint Stock Company.

Previously, at the 2024 Annual General Meeting of Shareholders held in April this year, Mr. Khoat was elected Chairman of the Board of Directors for the 2020-2025 term. Thus, he left the chairmanship after less than half a year in office.

On the website, SVG introduces itself as a state-owned enterprise in the fields of medical gases, industrial gases, welding rods and chemicals.

This company was established in 1974 based on the merger between Vietnam SOAEO Division and Vietnam Industrial Steam Company.

USD bank price suddenly increases, contrary to free market

The State Bank announced the central exchange rate on October 3 at 24,115 VND per USD, up 21 VND compared to the previous session.

Applying a 5% margin, commercial banks are allowed to trade USD today within the range of 22,909 - 25,320 VND/USD.

Tin tức sáng 4-10: Giá USD ngân hàng bất ngờ bật tăng; 'Ém' loạt giao dịch, một công ty bị phạt nặng - Ảnh 8. — Illustration

The reference USD buying rate is still maintained by the State Bank of Vietnam at 23,400 VND. Meanwhile, the selling price has been adjusted up 12 VND compared to the previous session, to 25,270 VND/USD.

In the same trend, the USD/VND exchange rate at commercial banks on October 3 increased simultaneously.

At Vietcombank, the bank listed the USD buying and selling price in cash at 24,550 - 24,920 VND/USD, up 80 VND in both directions compared to the previous session. At some banks, the USD buying and selling price was adjusted up 100 VND.

The upward trend of domestic exchange rates followed the development of the USD Index (DXY) when this index increased by nearly 0.3%, close to 102 points.

On the contrary, the USD price in the domestic free market cooled down. The USD price was listed at 24,950 - 25,050 VND (buy - sell), down 150 VND compared to the previous session.

"Hiding" a series of transactions, a company in Ho Chi Minh City received a heavy fine

The State Securities Commission has just issued a decision to sanction administrative violations in the field of securities against the Industrial Development and Transport Investment Joint Stock Company located in District 1, Ho Chi Minh City.

Tin tức sáng 4-10: Giá USD ngân hàng bất ngờ bật tăng; 'Ém' loạt giao dịch, một công ty bị phạt nặng - Ảnh 9. — Illustration: QUANG DINH

With many violations, this enterprise had to pay a fine of nearly 290 million VND. Of which, a fine of 85 million VND was for not publishing information in a series of reports.

In addition, the company must also pay VND 65 million for disclosing incomplete information in the 2022 corporate governance report.

Specifically, the company did not present the total transaction value with Bamboo Capital Joint Stock Company; An Giang Construction Materials Processing and Exploitation Joint Venture, TCD Plus, 3K Plus Vietnam, Vietnam Taxi, Helios Investment and Services, BCG Land, Nguyen Hoang Development, Con Bap Eco-Tourism,

Tracodi Labor Export, Casa Marina Resort Tourism, Gia Khang Trade and Service Investment, Sao Sang Saigon, Indochina Hoi An Beach Villas, Skylar, BCG Khai Long 1 Wind Power, BOT DT 830, Clean Energy Vision Development, Tapiotek, BCG Energy, Herb Solar.

According to the separate financial report for 2023, the company received dividends and profits from the investment in An Giang Construction Materials Exploitation and Processing Joint Venture Company Limited was 32.4 billion VND, but the 2023 corporate governance report did not fully record all transactions...

Finally, the company also had to pay 137.5 million VND for violating regulations on transactions with shareholders, business managers and related persons of these subjects according to regulations...