Yen reverses to increase
According to Lao Dong, on August 11, the Japanese Yen (JPY) recorded an increase against the USD, as the greenback was under selling pressure and expected the Bank of Japan (BoJ) to soon raise interest rates to continue supporting the market.
Despite the widespread risk-off sentiment and the Asian stock market, US stock futures have improved, reducing demand for safe-haven assets such as the JPY, but the currency is still rising as the USD weakens. The greenback is currently hovering near a two-week low, after investors raised their bet on the possibility of the US Federal Reserve (FED) cutting interest rates in September. See more...
E10 gasoline has not yet attracted customers after its launch in Ho Chi Minh City
After more than 10 days of being put into business, E10 biofuel (1% Pethanol) in Ho Chi Minh City is gradually being accepted by consumers, however, the amount of gasoline sold is not high.
Recorded at many Petrolimex gas stations in Ho Chi Minh City, the E10 gas station area is sparsely visited, most of them still choose RON 95 gasoline. Customers using E10 are mainly introduced by staff.
Mr. Tran Van Hieu (Tan Thuan ward) shared: "I heard about new types of gasoline but was still quite hesitant, so I still chose RON 95 gasoline to reassure my vehicles when moving." See more...
Securities reach historical threshold of 1,600 points for the first time
The Vietnamese stock market is going through a series of days of " sublimation" in both scores and liquidity. And since the opening of the new trading session on August 11, the market continued to maintain a strong upward trend, with large and small stocks racing to increase prices.
At the end of the morning session, the VN-Index increased by 15.46 points to officially reach its highest peak ever - 1,600 points. Market liquidity in the morning session reached more than 24,400 billion.
Strong cash flow spreads the market, with the main destination being banking stocks, securities, real estate and public investment. Notably, MSN shares maintained their heat with explosive liquidity of up to VND1,800 billion in the morning session and increased their range to VND82,000/share. See more...
Tour prices during the September 2 holiday increase, many tours are fully booked early
Hanoi is becoming a "hot spot" for tourism on the occasion of National Day 2.9 when demand skyrockets, airfares and hotel rooms increase, many places are full since before the holiday. Tourism businesses in Ho Chi Minh City proactively book services and book seats early to ensure their schedules for tourists, especially those who want to be present in the capital on the anniversary of the 80th anniversary of National Day.
According to a representative of Viet Travel Company, the demand for Hanoi during this time has increased by 30 - 40% compared to the same period last year. Many family groups requested the schedule to match September 2 to participate in activities and celebration events. See more...
