Yen lacks momentum as Japan cuts budget
In the trading session on February 28, the Japanese Yen (JPY) increased against the USD at times but quickly lost most of its increase. The main reason is the widespread strength of the US dollar, while the Japanese government has announced a plan to cut the budget. However, expectations that the Bank of Japan (BoJ) will continue to raise interest rates this year help limit the Yen's depreciation.
Japanese Prime Minister Shigeru Ishiba announced a budget cut for the 2025-2026 fiscal year to 115.2 trillion yen. At the same time, the government will also reduce the amount of newly issued bonds to 28.6 trillion yen.
These measures show that Japan is implementing a fiscal tightening policy, which could ease inflationary pressures but also pose many challenges for the economy. See more...
After a long period of cold rain, green vegetable prices increased sharply
In recent days, Hanoi has been immersed in prolonged cold and rainy weather, with low temperatures greatly affecting the supply of green vegetables, causing prices of many items to increase.
Recorded at traditional markets in the city, many types of vegetables such as spinach, water spinach, water spinach, broccoli... are consumed strongly, while prices increase due to reduced supply.
Ms. Bui Thi The - a trader at Cau Giay market (Hanoi), said: "The past few days have been cold, many vegetables in the fields have been damaged, and there are few goods, so prices have increased every day, about 30% compared to before". See more...
General Department of Customs applies a new organizational model from 1.3
From March 1, 2025, the General Department of Customs officially converted the organizational model according to Decision No. 382/QD-BTC, with a three-level structure including the Customs Department, 20 regional branches and customs units at border gates/outside border gates under the Ministry.
According to the new model, the Customs Department has 12 units under the Central Government, including functional departments such as Office, Legal Department, Cadre Organization, Inspectorate - Inspectorate, Control and Management of Customs, Risk Management, Information Technology and Statistics, along with specialized departments such as Customs Inspection, Anti-smuggling Investigation, Post-clearance Inspection.
In the locality, the Customs Branch is organized into 20 areas. See more...
Coffee prices turn to decline
On February 28, domestic coffee prices decreased by 500 - 800 VND/kg compared to the previous day. Compared to the beginning of the week (February 26), coffee prices have decreased by an average of VND 1,200 - 1,500/kg, reflecting selling pressure when the market adjusted.
The decline in domestic coffee prices is mainly due to the impact of the international market. In addition, supply from Brazil and Vietnam continues to increase, creating pressure on prices.
In the international market, Robusta and Arabica coffee prices both decreased slightly. Robusta lost about 28 - 36 USD/ton per day, while Arabica decreased by 0.5 - 1.6 cents/lb. Compared to the beginning of the week, Robusta lost more than 30 USD/ton, while Arabica decreased by an average of 1 - 2 cents/lb. See more...
