Japanese Yen plummets
According to Lao Dong, on October 13, the Japanese Yen (JPY) continued to plummet and hit its lowest level since February, in the context of domestic political instability, global risk-off sentiment and the increasingly obvious monetary policy gap with the US.
In the first trading session of the week, the USD/JPY exchange rate surpassed 152, marking a record deep decrease of the Yen against the US dollar. Despite a slight recovery in the Asian session, the JPY is still considered the weakest among major currencies.
According to FXStreet, analysts believe the main cause comes from the chaotic political situation in Japan after the Komeito Party suddenly ended its 26-year alliance with the ruling Liberal Democratic Party (LDP). See more...
HCMC arrests more than 2,700 cases of trade fraud and counterfeit goods in just 1 month
According to the report of the Ho Chi Minh City Department of Industry and Trade, in September alone, units, departments and branches that are members of the City Steering Committee 389 conducted 2,769 inspections and examinations, thereby arresting 38 cases of banned and smuggled goods; 2,725 cases of trade fraud and 6 cases of counterfeit goods.
The total amount of money paid to the budget in September reached nearly VND1,100 billion, of which nearly VND680 billion was collected for tax collection. The police have prosecuted 6 cases with 28 related defendants. See more...
Vegetable prices in Hanoi increase, people have to struggle to buy
Many stores temporarily stop selling silver
Recorded by Lao Dong reporter on October 13, domestic silver prices maintained a strong increase. Many people continue to go to silver shops in Hanoi to buy. However, most of the stores have announced that they have temporarily stopped selling.
At a silver shop on Cau Giay Street (Hanoi), Mr. Do Van Thanh (Yen Hoa Ward, Hanoi) said that he wanted to buy silver to save money but could not buy it.
"I came here the day before but the store did not sell. Now I continue to come, but still can't buy. If anyone wants to sell, the store will still do business normally" - Mr. Thanh said. See more...
