FOREIGN INVESTORS FROM SOUTH KOREA CONTINUE RAMPING UP INVESTMENT IN DONG NAI
According to Dong Nai Department of Planning and Investment, South Korean investors have injected an additional $500 million into the locality, increasing the total investment capital from $6.5 billion in 2019 to $7 billion in May 2021. South Korea topped the list of 45 countries and territories investing in Dong Nai.
FREIGHT COSTS WEIGH DOWN ON DISRUPTED BUSINESSES
Phan Van Viet, chairman of jeans and khaki producer Viet Thang Jean Co., Ltd. (VitaJean), said that the costs to ship goods in a shipping container have tripled during the global health crisis. The rate for a container from Vietnam to Europe has risen from $3,000 pre-pandemic to $10,000 last month, the highest on record. This has caused several obstacles for VitaJean’s export activities to overseas markets.
PM APPROVES 2021-2023 PUBLIC DEBT MANAGEMENT PROGRAMME
Under the programme, the total borrowing over the next three years will be VND1,738.4 trillion (US$75.8 billion), of which VND1,604 trillion (US$70 billion) will go to the central budget.
INTELLASIA FINANCE & BUSINESS NEWS - JUNE 9, 2021
1. Vietnam strengthens local currency against the dollar
2. HCM City seeks cashless payment for company transaction
3. Many banks adjust foreign ownership ratio
4. Vietnam's growth to bounce back after restrictions are lifted
5. FDI inflows remains spotlight of Vietnam's economy
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VIETNAM TENDERS DAILY- JUNE 9, 2021
1. Equipment and machinery supply
2. Technology equipment supply
3. H2SO4 solution cooling device supply
4. Extraction and concentration system supply
5. Speciality assets supply-bid extend
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VIETNAM TO SHORTERN QUARANTINE PERIOD FOR FULLY-VACCINATED PEOPLE
At a meeting yesterday, the Standing National Steering Committee for COVID-19 Prevention and Control has requested the Ministry of Health (MoH) to complete the process and technology system for immigration management.
VIETNAM STRENGTHENS LOCAL CURRENCY AGAINST THE DOLLAR
The State Bank of Vietnam (SBV) lowered its buying price for the U.S. dollar by 0.65 percent to VND22.975, the first such move in half a year. It also brought down the selling price by 0.04 percent to VND23,774.
FORTY-TWO FIRMS RESUME OPERATIONS IN COVID-19 EPICENTER
A total of 42 businesses with 7,600 workers have reopened in the northern province of Bac Giang after downing shutters for three weeks to prevent Covid-19 transmission.
