24h Economy: Yen maintains its upward trend

Phương Anh |

Yen maintains its upward trend; Hanoi will not have power outages from August 26 to September 3, except for force majeure incidents... are notable economic news in the past 24 hours.

Yen maintains its upward trend

According to Lao Dong, on August 20, the Japanese Yen (JPY) extended its increase to the second consecutive day, dragging the USD/JPY exchange rate to a new low for the day around 147.15.

Dong Yen tang nho ky vong BoJ giu quan diem cung ran. Anh: Phuong Anh
The Yen increased thanks to expectations of a strong BoJ stance. Photo: Phuong Anh

The increase comes from expectations that the Bank of Japan (BoJ) will steadfast in its policy normalization roadmap and may raise interest rates by the end of this year.

In addition, cautious sentiment in global markets continues to boost demand for the yen - a safe-haven asset. See more...

Re-organizing the brand thanks to responsible green ticks

HCMC - Green Tick is responsible for attracting many suppliers, but some units are still hesitant. This is also an opportunity for a reputable brand to affirm its position. Video: Thanh Chan - Ngoc Le

Stock investors are dizzy with the market

The stock market has just experienced a dramatic trading session. Investors feel a sense of being on the go when the VN-Index sometimes drops nearly 40 points, but the bottom-fishing cash flow enters the game strongly, pushing the index back and closing in green.

Nha dau tu chung khoan co phien giao dich khong the du bao duoc. Anh: Le Toan
Stock investors have unpredictable trading sessions. Photo: Le Toan

At the end of the trading session on August 20, the VN-Index increased by 10.16 points to 1,664.36 points, setting a new historical peak. In today's session, HoSE recorded more than 1.4 billion shares successfully transferred, equivalent to a trading value of VND 68,080 billion. If including the remaining two exchanges, HNX and UPCoM, the total trading value today reached VND 74,860 billion.

Although foreign investors continue the net selling trend, the pressure has cooled down compared to previous strong " fried" sessions. The total net selling value on all 3 exchanges in the session of August 20 was only about 214 billion VND. See more...

Hanoi will not have power outages from August 26 to September 3, except for force majeure incidents

On the afternoon of August 20, Deputy Minister of Industry and Trade Nguyen Hoang Long and the interdisciplinary working group inspected the power supply work on the occasion of National Day on September 2.

Speaking at the opening of the meeting, Deputy Minister of Industry and Trade Nguyen Hoang Long emphasized that the 80th anniversary of the August Revolution and the National Day of the Socialist Republic of Vietnam is of great significance and special significance, requiring all work, including electricity supply, to be carefully prepared, absolutely without any errors.

Reporting to the working group, EVNHANOI General Director Nguyen Anh Tuan said that the Corporation has issued a power assurance plan, with the goal of ensuring absolute safety, continuity, stability and ensuring power quality throughout the capital during the days of organizing the Ceremony, parade, parade to celebrate the 80th anniversary of the successful August Revolution and the National Day of the Socialist Republic of Vietnam.

Ha Noi khong cat dien tu 26.8 den 3.9, tru su co bat kha khang. Anh: Thuy Linh
Hanoi will not have power outages from August 26 to September 3, except for force majeure incidents. Photo: Thuy Linh

The top goal is to provide safe, continuous, stable and quality power to the capital during celebrations, parades, and parades. The maximum load (Pmax) is forecast to reach 5,266 MW, the largest Pmax is estimated at about 100,000 MWh/day. From 10pm on August 26 to 6am on September 3, EVNHANOI will not cut off power on the high, medium, and low voltage grid, unless there is a force majeure incident. See more...

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Huyền Mai |

The Yen appreciated thanks to expectations of the BoJ raising interest rates soon, but hopes that Russia-Ukraine peace could limit its upward momentum.