Business Briefing

Reference rate exchange

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at VND 23,192/USD on August 17, up VND 19 from the previous day. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is VND 23,887/USD and the floor rate is VND 22,497/USD.

The opening-hour rates at many commercial banks showed little change. At 8:30 am, BIDV listed the buying rate at VND 23,265 /USD and the selling rate at VND 23,545/USD, both unchanged from August 16. Vietcombank kept both rates at VND 23,230/USD (buying) and VND 23,540/USD (selling).

Photo: Zing

Aviation news: Vietjet offers tickets for Lunar New Year 2023 with super saving prices

Budget airline Vietjet Airs on August 16 began to sell tickets for flights during the 2023 Lunar New Year holidays at super saving prices. Passengers traveling from the South to the North and the Central region before the Lunar New Year and who flying from the North and the Central to the South after the Lunar New Year holidays can buy Vietjet tickets from August 16 to enjoy the promotional prices from only VND 619,000 (excluding tax and fees) with the most convenient flight schedules.

Vietjet looks to create a warm and happy Tet season on all flights with a modern fleet of new aircraft, soft leather seats, friendly and dedicated cabin crews, fresh and hot meals with many convenient products and services, along with special cultural and artistic performances. Its flight network covers all destinations in Vietnam and other countries including India, Japan, the Republic of Korea, Singapore, Thailand, Indonesia (Bali), and Malaysia.

The new-age carrier Vietjet has not only revolutionized the aviation industry in Vietnam but has also been a pioneering airline across the region and around the world. With a focus on cost management ability, effective operations, and performance, Vietjet offers flying opportunities with cost-saving and flexible fares as well as diversified services to meet customers’ demands.

Photo: Zing

Investment news: Measures sought to attract resources for green, sustainable development

The State Bank of Vietnam (SBV) and the Banking Working Group (BWG) jointly held a conference in Hanoi on July 16 to discuss measures to attract resources for the implementation of green growth and sustainable development targets. SBV Governor Nguyen Thi Hong said that climate change is posing risks and challenges to all economies in the world, requiring them to promptly design response policies and scenarios.

As one of the most vulnerable countries to climate change, Vietnam has actively rolled out measures to deal with its impacts and promote green and sustainable growth at the same time, said Hong. She underlined that the strong commitments Prime Minister Pham Minh Chinh announced at the 26th UN Climate Change Conference (COP26), including net-zero emission in 2050, have been highly valued by the international community, opening chances for the country in strengthening partnership in circular economy development and climate change response.

The official said that over the years, the banking sector has actively contributed to the implementation of targets set in the National Strategy on Green Growth in the 2021-2030 period with a vision for 2030 through various activities, including the building of an action plan of the sector to realize the strategy, along with a circular on environmental and social risk management during credit provision activities.

BWG leader Michele Wee highlighted the significant role of finance in implementing green and sustainable growth goals, adding that Government support should be strengthened with the participation and practical actions of the domestic private sector and through financial sources from the public and private sectors. According to Wee, Vietnam needs a close, reasonable and harmonious combination between socio-economic development and environmental protection.

At the conference, participants discussed important issues related to the attraction of resources to support the implementation of green and sustainable development goals. In addition, the parties also provided information on the situation of resource mobilization for Vietnam recently, as well as related issues. They focused on seeking specific solutions to unlock resources for green growth, creating confidence in international organizations and partners to mobilize resources for Vietnam to support the Government in fulfilling commitments at COP26.

Photo: Zing

Weather Forecast

August 18: According to the National Center for Hydro-Meteorological Forecasting, Hanoi will be cloudy, sunny during the daytime, and rainy in the evening. Daytime temperatures fluctuate between 33-34 Celcius degrees, with the lowest humidity being 69-77%.

Tomorrow morning, the Ho Chi Minh City area will be cloudy and sunny, with showers and thunderstorms in some places, In the afternoon, the area will have scattered showers and thunderstorms. The daytime temperature fluctuates between 31-32 Celcius degrees.

Da Nang will be cloudy during the morning with scattered rain.‏ The daytime temperature fluctuates between 33-34 Celcius degrees; The lowest humidity on the day is from 64% to 67%.

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