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Vietnam’s future as rice supplier to China still bright: experts

VietNamNet Bridge – China, with its huge population of 1.4 billion, may lack food in the near future, which could give Vietnam an opportunity to gain superiority in rice trading with China. But recent tensions in the East Sea have raised concerns that Vietnamese rice sales are in danger. Vietnam’s agricultural production, which depends on ... Read More »

Dollar price hits ceiling, but exchange rate stable

VietNamNet Bridge – The US dollar climbed to its highest peak against the Vietnamese dong yesterday morning to VND21,245 per dollar, but analysts believe that the exchange rate will stabilise. About half a month ago, the foreign exchange market turned hot when the dollar price in the black market increased by VND10 per dollar on May 16 to VND21,270-21,290 per ... Read More »

HCM City looks to attract more tourists

Well-done promotion campaigns and other actions to strengthen tourism could help Ho Chi Minh City develop the sector, experts said. Tran Long, General Manager of travel operator Du lich Viet, said the city should upload information about the country’s public safety situation on social media to assure the international community. Bui Viet Thuy Tien, Director of Asian Trails, said the ... Read More »

First Vietnam tourism office abroad launched

The Vietnam Tourism Association on June 4 launched a representative office of Vietnamese tour operators in Japan, the first of its kind overseas. The office is tasked with supporting the two countries’ travel agents to lure tourists and helping Vietnamese localities boost tourism promotion activities in the market. In his speech, Ambassador Doan Xuan Hung said this is a timely ... Read More »

State Bank calms forex fluctuations

Commercial banks pushed the US dollar rate to the ceiling on June 2, spurring the central bank to lower its selling price on June 4 in a bid to calm the market. The foreign exchange fever led to many banks listing the US dollar rate at or near the ceiling price of 21,246 VND per USD. Both Vietinbank and Techcombank ... Read More »

Emerging East Asia bond markets bounce back

Local and offshore demand for emerging East Asia’s local currency bonds is rising again and should continue given strong economic growth prospects in the region, said the Asian Development Bank’s (ADB) latest Asia Bond Monitor. “Most emerging East Asia bond markets have regained their bounce,” Iwan J. Azis, Head of ADB’s Office of Regional Economic Integration said in a press ... Read More »

ACV to expand Cam Ranh Airport

VietNamNet Bridge – Airports Corporation of Vietnam (ACV) is working on a project to expand Cam Ranh Airport in Khanh Hoa Province to enable it to handle 2.6 million passengers a year. Passengers board a Vietnam Airlines plane at Cam Ranh Airport in Khanh Hoa Province. Airports Corporation of Vietnam will expand Cam Ranh to enable it to handle 2.6 ... Read More »

East Sea tensions spillover effecting global trade

Vietnam steadfastly resolves to find a non-violent and peaceful solution to the East Sea territorial dispute that is amenable to both sides, Deputy Minister of Foreign Affairs Bui Thanh Son has said. Addressing a June 3 seminar in Brussels, Belgium, Son briefed attendees, principally from the European Union (EU), on the latest developments in the East Sea, following China’s illegal ... Read More »

Shares tumble on sluggish trades

Shares tumble on sluggish trades HA NOI (VNS)  — Shares tumbled yesterday due to sluggish trading after a slight rebound on Tuesday. On HCM City Stock Exchange, the VN-Index dropped by 5.3 points or 0.95 per cent to end at 553.46 points. The trading volume and value were at a very low level with a modest capital inflow as both ... Read More »

Malware attacks VN smartphones

Malware attacks VN smartphones HA NOI  (VNS) — A malware has infected over 20 per cent of smartphones in Viet Nam, draining mobile accounts of thousands of subscribers, stated BKAV, Viet Nam biggest security firm. The virus called “SMS Trojans” has been sending SMS texts to premium-rate numbers, causing losses of VND3.9 billion for subscribers every day. According to the ... Read More »