- Ministry of Industry and Trade directs sufficient coal for electricity production in 2024
The Ministry of Industry and Trade requires Vietnam Electricity (EVN), Vietnam Oil and Gas Group (PVN), Vietnam National Coal and Mineral Industries Group (TKV); investors of coal-fired thermal power plants to implement solutions to operate coal-fired thermal power plants and hydropower sources to ensure electricity supply in the last months of 2023 and 2024. In particular, for coal-fired thermal power, the Ministry of Industry and Trade requires EVN, PVN, TKV and power generation units to direct coal-fired thermal power plants under their management to implement "technical solutions to improve the ability to operate at maximum available capacity of the generator" when there is a need to mobilize the national power system in the last months of 2023 and 2024, especially during the peak of the dry season; prepare coal fuel to ensure electricity production in 2024 (according to Thanh Nien).
- Clearing up the hidden corners of gasoline retail: Attaching responsibility to tax department leaders
The General Department of Taxation requests tax departments to urgently strengthen management, inspection and supervision, and promote the issuance of electronic invoices for each sale of gasoline retail activities. This is part of the effort to eliminate the hidden corners of gasoline. (See more)
- Dozens of provinces and cities ignore reports on handling online lottery purchases
The Ministry of Finance said that it has not yet received reports from dozens of provinces and cities about buying lottery tickets via the Internet, even though the deadline for submitting reports has expired for more than a month. (See more)
- Airlines reduce flights but increase 'delay' rate
According to the latest report of the Civil Aviation Authority of Vietnam, in the past 10 months, the entire aviation industry has operated a total of 241,177 flights, a decrease of nearly 20,000 flights compared to the same period in 2022. Although the number of flights operated has decreased, the on-time flight rate has not improved (according to Thanh Nien).
- Groups of people are inviting each other to "skip" debt everywhere, the previous person advises the next person not to pay the debt.
At the workshop on the current status of consumer lending activities of credit institutions and the issue of debt collection organized by the Vietnam Banking Association on November 16, Mr. Nguyen Quoc Hung, Vice Chairman and General Secretary of the Vietnam Banking Association, said that the rate of bad debt in consumer loans is increasing. In addition to objective factors, there are also subjective factors such as customers intentionally not paying debts, the previous person advising the next person not to pay debts... (according to Thanh Nien).
- Contributing nearly 95% of Ha Tinh 's exports, Formosa faces new fluctuations from India
Ha Tinh's export turnover in October 2023 reached 182.6 million USD, of which Formosa alone accounted for 172.7 million USD. However, India's initiation of an anti-dumping investigation into stainless steel welded pipes originating or imported from Thailand and Vietnam will make steel exports difficult in the coming time. (See more)
- Corporate bonds increase by hundreds of thousands of billions, Ministry of Finance recommends
According to the Ministry of Finance, in the first 10 months of the year, 70 enterprises issued corporate bonds with a volume of 180.4 trillion VND. The volume of early repurchase was 190.7 trillion VND. The Ministry of Finance said it will continue to monitor and require enterprises to arrange all resources to pay the principal and interest of bonds due in accordance with the law, protecting the interests of investors. (See more)
- Mr. Duc sells fruit that 'makes 1 capital and 5 profits', earning hundreds of billions
In October, Mr. Duc’s company sold more than 440 tons of durian. This is a fruit that Mr. Duc once shared with us that for every penny invested, he earned 5 dollars in profit, and is expected to bring in a large amount of money in the near future. (See more)
- Gia Lai mountain town tycoon unexpectedly 'escaped' bankruptcy
The Da Nang Court has overturned the previous first instance judgment because it found new evidence proving that Duc Long Gia Lai is not insolvent, has not gone bankrupt, and has goodwill to pay its debts. (See more)
- Billion-dollar casino investor Ho Tram asks to extend project implementation time to 2027
The Ministry of Planning and Investment has just submitted to the Prime Minister the adjustment of the implementation time of the billion-dollar casino project in Ho Tram, Ba Ria - Vung Tau province to 2027. This is the 11th time the investor has requested to adjust the construction time of this casino (according to Tuoi Tre).
- Brokers inflate apartment prices, doubling the market price
Although the apartments have similar areas and locations in the same project, brokers report to customers quite different prices, even raising the price from 45-55 million VND/m2 to 80-100 million VND/m2, causing home buyers to panic and experts to warn (according to Tien Phong).
- Nam Dinh wants to convert a coal power project worth more than 2 billion USD into LNG power
The Nam Dinh 1 BOT Coal-fired Thermal Power Plant project in Hai Hau district has been 'suspended' for more than 6 years. Nam Dinh provincial leaders said they want to switch to an LNG power project. (See more)
- Exporting the first bird's nest product to China
On the afternoon of November 16, at Huu Nghi International Border Gate, the Ministry of Agriculture and Rural Development coordinated with the People's Committee of Lang Son province to organize the announcement of the export of the first batch of Vietnamese bird's nest products to the Chinese market according to the signed protocol (according to Tien Phong).
Oil prices on the world market continued to fall today after tensions in the Middle East showed signs of easing and US oil inventories increased slightly. Brent crude oil prices lost the $82/barrel mark.
The central exchange rate on November 16 decreased by 45 VND. The USD price at commercial banks today increased slightly. The world USD price recovered.
The stock market on November 16 recorded the VN-Index increase by 3.03 points, to 1,125.53 points. The trading session was relatively surprising in the last minutes, when the buying force focused on bluechips, pulling the VN-Index from red to above the reference level spectacularly.
Gold prices on the international market today suddenly plummeted after a sharp increase earlier. After falling in the morning, this afternoon, domestic gold prices increased again by 200,000 VND/tael.
Bank interest rates today, November 16, recorded two more banks in the high-interest savings group sharply reducing deposit interest rates, bringing the total number of banks that have reduced interest rates since the beginning of November to 24.
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