Abnormally high sugar prices; electric shock to kill worms recurs

- Ministry of Finance is concerned that buying lottery tickets online is a disguised form of gambling.

In a document recently sent to the People's Committees of provinces and cities, the Ministry of Finance proposed to rectify the distribution of lottery tickets via the Internet. The Ministry of Finance believes that websites that purchase traditional domestic lottery products as well as distribute foreign lottery products pose many risks of causing social disorder and security, and are at risk of being exploited for disguised gambling or deceiving customers. (See more)

- Abnormal sugar prices, signs of hoarding

World sugar prices have reached a 10-year high following news that India plans to limit exports, and there have been signs of hoarding and price hikes in the country. The Vietnam Sugarcane and Sugar Association has just sent a document to its members to participate in stabilizing the market and not allowing sugar prices to increase further to protect the interests of both businesses and consumers (according to Ho Chi Minh City Law).

- Gasoline and rice prices increase, pushing up CPI in August

According to the General Statistics Office, domestic gasoline and rice prices increased following world prices, and rental housing prices increased, which were the main reasons for the consumer price index in August 2023 to increase by 0.88% compared to the previous month. (See more)

- In 8 months, Vietnam's overseas investment reached more than 416 million USD

Since the beginning of the year, Vietnam's total newly granted and adjusted foreign investment capital has reached over 416 million USD (up 5.2% over the same period). Vietnamese investors have invested abroad in 14 industries (according to VTV Digital/VGP).

- Industrial production in August grew positively

According to the General Statistics Office, the index of industrial production (IIP) in August 2023 is estimated to increase by 2.9% over the previous month and 2.6% over the same period last year (according to VTV Digital).

- After 8 months, international visitors to Vietnam are almost reaching the yearly target

In the first 8 months of this year, international visitors to our country reached more than 7.8 million, 5.4 times higher than the same period last year. Compared to the target of 8 million international visitors for the whole year, Vietnam has achieved 97.5% of the plan. (See more)

International visitors to Vietnam increase sharply (Photo: Thach Thao)

- $1.2 billion coal power project in Thanh Hoa wants to convert to $2 billion gas power
Thanh Hoa Provincial People's Committee has just reported to Deputy Prime Minister Tran Hong Ha to request consideration and approval of the conversion of coal fuel to LNG of Cong Thanh Thermal Power Plant in Nghi Son Economic Zone and update it in the Implementation Plan of Power Plan VIII.

It is expected that if converted, Cong Thanh Thermal Power Plant will use imported LNG, consuming 1.2-1.5 million tons/year; the plant's capacity will increase to 1,500MW. The total investment of the project will increase from 1.2 billion USD to 2 billion USD. (See more)

- Strong measures will be applied to manage growing area codes and packaging facilities.

The Ministry of Agriculture and Rural Development has proposed regulations on administrative penalties for violations of regulations on codes for growing areas and packaging facilities (according to VTV Digital).

- Electrocution to exterminate earthworms is still going on rampantly.

Electrocution to kill earthworms is still rampant in many northern provinces despite the fact that this can destroy the soil and can result in heavy fines of up to 150 million VND if violated. (See more)

- Forbes ranks Mr. Pham Nhat Vuong as the 16th richest person on the planet.

Billionaire Pham Nhat Vuong has risen to the 16th richest person in the world and the second richest person in Asia with a fortune of 66 billion USD as VinFast shares continued to hit a new peak in the trading session on August 28 on the US Nasdaq stock exchange. VinFast's capitalization reached 191 billion USD, approaching Toyota. (See more)

- Young people flock to check-in, Hanoi flower shops attract customers, prices increase sharply

Many streets in Hanoi in the autumn days are attracting young people to check in. Fresh flower bouquets on roaming carts are becoming popular. The number of buyers is large, the price is also increasing (according to Lao Dong).

- Pig price drops below 60,000 VND

In some areas, the price of live pigs today dropped to 56,000 VND/kg, down 7,000-9,000 VND compared to July - the highest time of the year. The price of live pigs nationwide is currently fluctuating between 56,000-59,000 VND/kg (according to the Industry and Trade Newspaper).

On the stock market , in the session of August 29, the VN-Index increased by 2.71 points, to 1,204.43 points. Notably, during the session, the trio of 'Vingroup family' all declined, while retail stocks 'accelerated'.

Today's oil prices on the world market showed signs of weakening after 3 consecutive increases. Brent oil prices fell to 84 USD/barrel, WTI oil prices fell below 80 USD/barrel.

The USD price at commercial banks today increased sharply, surpassing the 24,300 VND/USD mark. In the world market, the USD price cooled down after reaching a two-month peak at the end of last week.

Gold prices on the world market continued to increase today after the US announced a series of macroeconomic data this week. The prices of SJC gold bars and gold rings both increased slightly.

Today, two banks reduced their deposit interest rates : BVBank and VIB. Meanwhile, just one day after sharply reducing deposit interest rates, OceanBank today unexpectedly increased its deposit interest rates.

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