24h Economy: Yen suddenly skyrockets

Phương Anh |

Yen suddenly skyrocketed; Meat prices dropped, Quang Ngai farmers suffered heavy losses... are notable economic news in the past 24 hours.

Yen suddenly skyrockets

According to Lao Dong, on September 29, the Yen suddenly increased in price in the first trading session of the week, when the USD/JPY exchange rate decreased for the second consecutive session and fluctuated around 148.70.

Dong Yen tang gia khi lo ngai chinh phu My dong cua va ky vong FED sap ha lai suat. Anh: Phuong Anh
The Yen appreciated due to concerns about the US government's closure and expectations that the FED will soon cut interest rates. Photo: Phuong Anh

The currency is supported by a safe-haven sentiment, as the market fears the risk of the US government having to close due to a budget deadlock. See more...

Meat prices drop, Quang Ngai farmers suffer heavy losses

Quang Ngai has about 45,000 hectares of noodles ( cassava). Due to the impact of the disease of ma leaves decaying, in recent years, ma yield has been low, from 18 - 21 tons/ha. Currently, the price of fresh noodles purchased at the factory is from 1,700 - 1,800 VND/kg for noodles with 25 - 26% flour content; from 2,300 - 2,350 VND/kg for noodles with 30% flour content.

Gia mi giam manh khien nguoi trong mi o Quang Ngai thua lo. Anh: Vien Nguyen
Sharp decline in noodle prices has caused losses for noodle growers in Quang Ngai. Photo: Vien Nguyen

Since the beginning of September, Quang Ngai farmers have started harvesting cassava after 9 months of planting and caring, but their joy is not complete when the price of cassava suddenly drops sharply. According to records in the province's cassava growing areas, the purchase price of fresh cassava in the fields is only from 1.2 - 1.3 million VND/ton, down 700 - 850 thousand VND/ton compared to the same period in 2024.

Ms. Nguyen Thi Hiep, in Ha Nhai Bac village, Son Tinh commune, said: "My family grows 2,500m2 of cassava, and has just harvested more than 5 tons. With a selling price of 1.2 million VND/ton, farmers not only do not make a profit but also suffer heavy losses". See more...

Khanh Hoa inspects 128 works and projects with difficulties, problems, and delays

On September 29, information from the Khanh Hoa Provincial Inspectorate said that in the first 9 months of 2025, the unit has implemented an inspection plan to ensure on- schedule.

In particular, the Provincial Inspectorate has urgently deployed inspections of 128 works and projects with signs of difficulties, problems, delays, prolonged backlogs or low efficiency, and risks of causing loss and waste.

9 thang dau nam 2025, Thanh tra tinh Khanh Hoa thuc hien thanh tra nhieu du an cham tien do, vuong mac. Anh: Huu Long
In the first 9 months of 2025, Khanh Hoa Provincial Inspectorate conducted inspections of many projects with delays and problems. Photo: Huu Long

Regarding the inspection content, it focuses on state management, socio-economic management of units and localities and compliance with the law of organizations and individuals in all fields.

During the period, the whole industry has conducted 70 inspections, including 29 transfers from the previous period and 41 new inspections. See more...

Dak Lak breaks through development with a series of projects attracting thousands of billions of VND in investment

According to the report of the Dak Lak Provincial People's Committee, in just the first 9 months of 2025, investment policies have been approved for 33 projects with a total capital of more than 32,500 billion VND.

Dak Lak dang thu hut dau tu manh me voi nhieu du an hang ti do la. Anh: Minh Anh
Dak Lak is attracting strong investment with many billion-dollar projects. Photo: Minh Anh

The highlight is the two projects implemented by Hoa Dong Group including: Hoa Tam Industrial Park - Phase 1 (more than 4,188 billion VND) and Bai Goc Port (about 24,000 billion VND).

The Phu Yen High-Tech Industrial Park Infrastructure Investment, Construction and Business Project with a capital of VND 2,369 billion will also start construction in August 2025. See more...

Phương Anh
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