Đồng/Dollar Exchange Rate Exceeds VNĐ22,600 - News on 18 November 2016


Đồng/dollar exchange rate exceeds VNĐ22,600

After the đồng /dollar exchange rate rose by 50 đồng yesterday, many commercial banks this morning continued to make a sharp increase in the rate by 85 đồng to VNĐ22,600 per US dollar. At 10.30am, the Asia Commercial Bank (ACB) quoted the rate at VNĐ22,501/VNĐ22,610 for buying and selling, up 10 đồng and 110 đồng against yesterday.

By that time, ACB's rate was the highest level among all the commercial banks. The selling rate at many other banks such as the Bank for Investment and Development of Việt Nam (BIDV) and Techcombank was also revised upwards to VNĐ22,600. Vietcombank meanwhile offered a lower selling rate of VNĐ22,585 per dollar.

Today, the State Bank of Việt Nam also increased its reference đồng /dollar exchange rate by 11 đồng against yesterday to VNĐ22,112 per dollar. Currently, commercial banks are allowed to trade the dollar at +/-3 per cent on either side of the reference rate, or between VNĐ21,423 and VNĐ22,749. The US dollar has been strengthening …

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Alleged Chinese ghost ship found floating in Vietnam’s waters

A ghost ship which authorities believe may have originated in China washed ashore with no crew on board in the south-central Vietnamese province of Binh Thuan on Wednesday.

A 40 meter long 12 meter wide iron-hull vessel was found floating about 17 nautical miles off the coast of La Gi Town on Wednesday, according to the local administration. The ship was towed ashore the following day before an examination was carried out by competent authorities. Initial information showed that the vessel, potentially a fishing ship, was named Qiong Lin Yu and carried the serial number 19007.

The Chinese letters written on the stern appear to be in the style of those written in Chinese province of Hainan. The ghost ship was almost completely empty and abandoned. Its four freezers had broken down and no fishing equipment, …

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Japan – Vietnam Fest features cosplay, anime and music

The 2016 Japan – Viet Nam Festival, an event that aims to promote tourism between the two countries, begins today at the HCM City’s September 23 Park.

Cosplay performances will be featured at the 2016 Japan – Viet Nam Festival in HCM City. — VNS File Photo The three-day festival will feature cosplay, anime and manga, as well as Vietnamese and Japanese music and dance.

The highlight of the event will be music performances by artists like pop singer Hitomi Shimatani, singer and dancer Daichi Miura, traditional folk and contemporary music artist Takio Ito, girl band Pink Diamond, and a taiko (a broad range of Japanese percussion instruments) drumming troupe. There will be a parade of Pikachu, the most popular character in the Japanese anime Pokemon, as well as a cosplay contest. Talks on trade, agriculture, handicrafts, human resources, education, and the movie industry and culture will also be held. More than 140 booths offering …

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Vietnam, EU agree in principle on timber trade deal

Vietnam and EU agree in principle on a Forest Law Enforcement, Governance and Trade Voluntary Partnership Agreement (FLEGT VPA) which improves forest governance, address illegal logging and promote trade in verified legal timber products from Vietnam to the EU.

EU Commissioner for Environment, Maritime Affairs and Fisheries Karmenu Vella and Vietnamese Minister of Agriculture and Rural Development Nguyen Xuan Cuong on November 18th agreed in principle to work together towards reducing illegal logging and promoting trade in legally produced timber between the two sides through an ambitious licensing system for Vietnamese timber and timber products.

This will ensure that Vietnam’s exports of timber and timber products to the EU come from legal sources. After nearly six years of negotiation, the substance of the VPA has been agreed while some technical annexes still have to be finalized by the negotiators in the next few months. The EU and Vietnam expect to start the …

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Head Photo by: Telegrafi.com