Gasoline price increases, EVN wants to adjust electricity price quarterly

- EVN agrees to adjust electricity prices once every 3 months

Vietnam Electricity (EVN) has just commented on the draft decision to replace Decision 24 of the Prime Minister, regulating the mechanism for adjusting average retail electricity prices. Accordingly, EVN agrees with the plan to adjust electricity prices once every 3 months. The minimum time for adjusting average electricity prices is 3 months from the most recent electricity price adjustment. (See more)

- Proposal to continue reducing operating interest rates

The State Bank has just received many petitions from voters in the provinces on the issue of reducing lending interest rates to support businesses and people. In response to the petition, the State Bank said it will continue to have solutions to encourage credit institutions to reduce costs to reduce lending interest rates to support businesses to recover and develop production and business (according to Tien Phong).

- The local digital border gate model needs to be built uniformly.

The Ministry of Finance has just sent a document to the People's Committees of localities with border gates to discuss a number of issues in building digital border gates. The Ministry of Finance recommends that when building digital border gate models in their localities, provinces need to agree and discuss with the General Department of Customs (or assign the provincial customs department to preside over the building and report to the General Department of Customs). (See more)

- Ensure sufficient national rice reserves for emergency situations

The General Department of State Reserves said it has proactively reviewed and balanced national food reserve resources; ensured to maintain reasonable inventory levels, meeting the implementation of tasks according to the goals (according to VGP).

Ensuring enough national rice reserves for emergency situations (Photo: Hoang Ha)

- Resolving the complaint of Hoa Lu Joint Venture about package 5.10 of Long Thanh airport

Deputy Prime Minister Tran Hong Ha has assigned the Ministry of Planning and Investment to guide ACV in handling the petition of Hoa Lu Joint Venture for package 5.10 of Long Thanh airport (according to VGP).

- Cancel 7 million VNG shares

The Hanoi Stock Exchange has just issued a notice, approving VNG Corporation (stock code: VNZ) to cancel more than 7.1 million treasury shares to reduce its charter capital from VND358 billion to VND287 billion.

Previously, the above shares were approved for sale to professional securities investors through a private issuance plan at a price of VND177,881/share (according to Tien Phong).

- Chinese battery company spends 3,500 billion VND to buy VinFast shares

Gotion, a Chinese battery manufacturer, has registered to buy 15 million privately issued shares of VinFast at a price of 10 USD/share. The value of the deal is up to 150 million USD (about 3,540 billion VND) (according to Dan Tri).

- After 10 years of stopping flying, Vietnamese airline is still being asked to pay 5.5 billion VND in debt

Although it has stopped flying for 10 years, Mekong Airlines JSC (Air Mekong) still has to pay Saigon Ground Services JSC (SGN) the outstanding debt of more than VND 5.5 billion as requested by the Civil Judgment Enforcement Department of Phu Quoc City. (See more)

- Sky-high durian prices, garden closing prices disrupted

The increase in durian prices is good news for farmers. But the fact that prices are being pushed up abnormally high, even causing chaos, is really worrying (according to VTV).

- Dragon fruit in main season has price twice as high

The purchase price of dragon fruit in the main crop this year in Cho Gao district, Tien Giang province is nearly twice as high as in 2022. Red-fleshed dragon fruit at the warehouse costs from 6,000-11,000 VND/kg, white-fleshed dragon fruit costs from 10,000-12,000 VND/kg (according to VNA).

The stock market remained quite negative after the shocking drop last weekend. At the end of today's session, the HoSE had 276 stocks decreasing in price, significantly higher than the 200 stocks increasing in price. However, thanks to the strong recovery of banking stocks, the VN-Index still recorded green. At the end of the session on August 21, the VN-Index increased by 1.77 points, to 1,179.76 points.

Gold bar prices weakened today. SJC gold ring prices increased in the buying direction. World gold prices today fluctuated little.

The central exchange rate today decreased by 49 VND. The USD/VND exchange rate at commercial banks continued to decrease. Meanwhile, the USD price on the free market increased sharply by 140 VND in both buying and selling directions. The world USD price today fluctuated little.

World oil prices today turned up after falling last week. Domestic oil prices were adjusted from 3pm, of which E5 gasoline price increased by 510 VND/liter, selling price is 23,330 VND/liter; RON95 gasoline price increased by 610 VND/liter, selling price is 24,600 VND/liter; diesel price decreased slightly.

Today, 3 more banks reduced their deposit interest rates : Saigonbank, VIB and Eximbank. Since the beginning of August, Sacombank, BacA Bank, Saigonbank have reduced their interest rates twice; NCB, Techcombank, VietBank, VIB have reduced their interest rates 3 times; ACB and Eximbank have reduced their interest rates 4 times.

Economic news on the evening of August 20: The government plans to borrow 1.25 million billion; Mr. Duc receives good news . The government plans to borrow about 1.25 million billion VND in the next 2 years; clearing capital flow into rice production; durian prices increase sharply; Mr. Duc receives good news... are notable economic news of the day.

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