- The price for renewable energy transition is criticized as low, what does the Ministry of Industry and Trade say?
The Ministry of Industry and Trade has just sent a report to Prime Minister Pham Minh Chinh and Deputy Prime Minister Tran Hong Ha on the implementation of the Deputy Prime Minister's conclusion on the issue of negotiating electricity prices for transitional solar and wind power projects. The Ministry of Industry and Trade said it will continue to coordinate to review the contents of the price framework for transitional renewable energy projects and promptly edit and supplement if any problems or inadequacies are discovered. (See more)
- Developing smart grid in Vietnam
The Ministry of Industry and Trade recently submitted a document to the Prime Minister for consideration and approval of the Project on developing a smart grid in Vietnam for the period 2023 - 2030, with a vision to 2045. By 2030, strive to reduce power loss in the entire power system to below 6%, remote control, and unmanned operation for 100% of 110 kV and 220 kV transformer stations (according to VTC News).
- 500kV power line worth 1 billion USD is about to start construction
The Prime Minister requested the Ministry of Industry and Trade to start construction of component projects of the 500kV line 3 from Quang Trach (Quang Binh) to Pho Noi (Hung Yen) in September 2023. The project has a total length of about 514km and is invested with an amount of VND 23,000 billion. The Prime Minister requested that it be completed by June 2024 to increase electricity supply to the North (according to vietnamfinance).
- Import and export through Mong Cai international border gate increased sharply
The Head of the Mong Cai International Border Gate Management Board (Quang Ninh) said that from the beginning of the year to September 4, the total volume of goods exported through Mong Cai international border gate reached more than 1 million tons of goods, an increase of 77% over the same period in 2022 (according to Tin Tuc Newspaper).
- Tan Tao announced that its Chairman is suing several businesses in the US.
Tan Tao Investment and Industry Corporation (ITA) has just announced information about the lawsuit filed by its Board Chairwoman Dang Thi Hoang Yen against a number of businesses and individuals in Vietnam in the US Federal Court. The total amount of compensation requested by ITA Chairwoman is 500 million USD, of which 300 million USD is compensation for her personally (according to Thanh Nien).
- Mountain town tycoon asked to open bankruptcy proceedings
“Mountain tycoon” - Duc Long Gia Lai has just announced unusual information about the Gia Lai Provincial People's Court accepting a petition to open bankruptcy proceedings. (See more)
- Mr. Duc received bad news in the middle of the stock market boom.
With an accumulated loss of nearly 3,000 billion VND, Hoang Anh Gia Lai shares are kept on warning status. Accordingly, HAG's price decreased today, with high liquidity despite the booming market (according to Dan Tri).
- More than 1,600 billion VND of Tan Viet Securities "stuck" at SCB
The auditing company gave many opinions related to the business results of Tan Viet Securities, including the amount of more than 1,600 billion VND in deposits at SCB that are being frozen (according to Dan Tri).
- F88 loses 2 billion/day but still borrows 50 million USD from abroad
F88's revenue in the first 6 months of the year increased by 52% compared to the same period, but its after-tax profit was negative by more than 368 billion VND. F88 has just received a second loan of 50 million USD from the Lending Ark Asia fund, to expand its financial services. (See more)
- Airlines open early Tet ticket sales
Vietjet Air has just announced early sale of Tet tickets with preferential prices for domestic flights this week. Tet 2024 tickets for the busiest routes during Tet are Ho Chi Minh City to Hanoi, Vinh, Thanh Hoa, Hai Phong... are sold for 1.9 million VND this time (according to Nguoi Lao Dong).
- Agricultural products have good harvest and good price.
After the first 8 months of the year, the total export turnover of agricultural, forestry and fishery products is estimated at 33.21 billion USD. Agricultural products alone contributed 16.9 billion USD, up 11.5% over the same period last year (according to VTV).
- Foreign fruits everywhere, many types are super cheap
With 12,000-20,000 VND, you can go to the market and buy many kinds of imported fruits. Because, these days, foreign fruits are sold everywhere in the market at super cheap prices. (See more)
- Townhouses and villas continue to decrease in price
According to the Vietnam Association of Realtors (VARS), in the first 6 months of 2023, housing products with a value of more than 20 billion VND such as townhouses and villas recorded a reduction of up to 30% compared to the peak (according to Tien Phong).
On the stock market , VN-Index today recorded its 6th consecutive increase with a total increase of more than 60 points, reaching 1,245 points, also the highest level of the year. Order matching liquidity increased sharply, with HoSE alone matching about 23,700 billion VND, equivalent to about 1 billion USD.
Today, the price of gasoline and oil on the world market continues to rise, surpassing the 90 USD/barrel mark. Meanwhile, the retail price of gasoline and oil in the country has been adjusted up since yesterday afternoon.
The world USD price today has slowed down after a sharp increase. The central exchange rate between the Vietnamese Dong (VND) and the US Dollar (USD) announced by the State Bank on September 6 is 23,991 VND/USD, an increase of 32 VND compared to yesterday. The USD price at commercial banks today is traded around 23,850 VND/USD (buy) and 24,220 VND/USD (sell).
The world gold price today fell quite sharply even though the Fed may not raise interest rates at its meeting this September. The domestic gold ring price today went down while the gold bar price continued to increase.
After 1 day of lowering deposit interest rates by 0.05 percentage points, SCB Bank hastily increased them again. Meanwhile, Techcombank continued to reduce deposit interest rates for term deposits from 1-36 months. Thus, after the first two working days of September, three banks reduced deposit interest rates, including: Techcombank, KienLongBank and Eximbank.
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