Treasury bill interest rates have risen sharply; who is buying Bau Duc's hotel?

- Treasury bill interest rates rose sharply, reaching their highest level since the beginning of the cycle.

In the October 19th trading session, the winning bid interest rate for treasury bills increased to 1.45% from 1% in the previous three sessions, reaching its highest level since the beginning of the treasury bill issuance cycle. The central bank injected a net amount of VND 5,745 billion into the banking system during the October 19th trading session. After today's session, the outstanding amount of treasury bills also decreased to nearly VND 249,950 billion. These treasury bills will mature sequentially from tomorrow until mid-November (according to Nhip Song Thi Truong).

- Vietnamese rice export prices continue to rise sharply, nearing a historical peak.

Surpassing its rival Thailand, the price of Vietnamese exported rice continues its strong upward trend, nearing the historical peak of 643 USD/ton set on August 31st. As of September 15th, rice exports reached nearly 6.73 million tons, with an estimated value of approximately 3.73 billion USD, an increase of 17% in volume and a sharp increase of 34.5% in value compared to the same period last year. (See more)

- The Deputy Prime Minister requested a definitive resolution of the Dung Quat Shipyard project.

At a meeting this morning on the handling of Dung Quat Shipbuilding Industry Company, Deputy Prime Minister Le Minh Khai requested PVN and the State Capital Management Committee at enterprises to quickly finalize the restructuring plan for the Dung Quat shipyard to submit to the Government (according to Dan Tri newspaper).

- 170 traders are eligible to export rice.

The Import-Export Department ( Ministry of Industry and Trade ) has just announced the list of traders eligible to export rice as of October 18, 2023. Accordingly, 170 traders are on this list (according to VTV).

VinFast's market capitalization has fallen to $14.5 billion.

VinFast shares fell at the opening of trading on October 18th on the US Nasdaq stock exchange, bringing the market capitalization of electric vehicles owned by Mr. Pham Nhat Vuong to $14.5 billion. VinFast's market capitalization currently ranks 27th among car manufacturers worldwide. (See more)

Vinfast stock 1633.png — VinFast's market capitalization has fallen below $15 billion.

Vietnam's third-largest real estate company is losing 30 billion VND per day.

Saigon Investment and Development Corporation (SDIC) is the third largest real estate company in the market, after Vinhomes owned by billionaire Pham Nhat Vuong and Novaland owned by Bui Thanh Nhon. However, investors know little about this company and its true owner. It also has one of the largest debts in Vietnam. In the first six months of 2023, the company incurred a loss of nearly 5,402 billion VND, equivalent to a loss of over 30 billion VND per day. (See more)

- The buyer of bầu Đức's hotel in Gia Lai has been revealed.

The entity that acquired the Hoang Anh Gia Lai hotel from Mr. Doan Nguyen Duc's (Chairman Duc) business is Hoan Sinh Gia Lai Investment Co., Ltd. This company was only established about 4 months ago, with a charter capital of 200 billion VND (according to Dan Tri newspaper).

- Jonathan Hạnh Nguyễn's company reports profits more than 3 times higher.

Tan Son Nhat Airport Aviation Services Joint Stock Company (SASCO, ticker SAS), owned by Mr. Jonathan Hanh Nguyen, has just announced its Q3 financial report. With positive business results, SASCO reported a net profit of VND 131 billion, 3.7 times higher than the same period last year. (See more)

- Artificial flowers 'dominate' the market on October 20th.

As Vietnamese Women's Day (October 20th) approaches, the flower market is bustling again. Besides fresh flowers, scented wax flowers are also being sold widely on online marketplaces. Not only beautiful but also incredibly affordable, wax flowers are a popular choice for many. (See more)

The US dollar exchange rate at commercial banks surged today, surpassing 24,700 VND/USD, reaching its highest level since the beginning of the year. The central exchange rate also rose to its highest level in history. The international US dollar price is trending upwards as the yield on 10-year US Treasury bonds reached a 16-year peak.

The stock market fell sharply for the fourth consecutive session on October 19th, but bargain-hunting activity appeared quite weak. The VN-Index dropped nearly 16 points, falling below the 1,100-point mark.

Today, gold prices on the international market are rising steadily. The price of gold rings has increased sharply, with some brands seeing increases of up to half a million dong per tael, far exceeding the 58 million dong per tael mark and reaching historical highs.

Global oil prices are trending upwards. Oil prices are rising due to positive economic data from China and escalating tensions in the Middle East.

Today's bank interest rates show VIB and Sacombank adjusting their rates downwards after a long period of remaining unchanged. Since the beginning of October, 22 banks have reduced deposit interest rates, with the 6% rate becoming less common.

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