Japanese Yen continues to depreciate
According to Lao Dong, on October 27, the Japanese Yen (JPY) continued to depreciate for the seventh consecutive day against the US dollar, as the market expected the new Japanese Prime Minister - Ms. Sanae Takaichi - to maintain an expanded spending policy and not soon tighten the budget.
In addition, the cooling signal of US-China trade tensions has caused safe-haven demand to decrease, pushing the USD/JPY exchange rate around 153.25 - the highest level in more than two weeks. See more...
Inside a billion-dollar seaweed aquaculture cafe in Ho Chi Minh City
Free market USD price increases, exchange rate profiteering appears in Ho Chi Minh City
Recorded at some spontaneous foreign exchange points in Ho Chi Minh City, the price of black market foreign currency in recent days has tended to increase compared to the beginning of the month. On October 27, the common USD purchase price was around VND 27,509 - VND 27,517/USD, higher than the listed price at banks.
On social networking groups, foreign currency buying and selling activities are quite active. Many accounts posted to buy USD at prices several hundred to thousands of VND higher than the listed bank price per unit, with the commitment of "fast transactions, no fraud".
When contacted an account in Ho Chi Minh City, this person said that he only accepted transactions from 1,000 USD or more, and could go to his house if customers wanted, and exchange rare foreign currencies and old, torn USD.
Notably, many posts have appeared asking people to go to banks to buy foreign currency and pay from 400,000-1,200,000 VND/day, requiring a passport. See more...
Hai Phong farmers boldly borrow capital to get rich in their hometown
At noon, Ms. Tran Thi Thanh Hai (born in 1974, Quang Khai village, Phu Thai commune, Hai Phong) left the farm to prepare a home meal after a whole morning of cutting grass, raising ducks, and releasing fish.
Ms. Hai shared that in 2004, with a small amount of capital, Ms. Hai and her husband bought every piece of land from the people to dig ponds to release fish and raise poultry. While working, accumulating, combining equity capital and loans from social policy banks, the farm is gradually expanding its area, combining poultry farming, releasing fish, growing fruit trees and perennial trees.
In the early days, Ms. Hai and her husband started a business with catfish, harvesting up to 20 tons each time but the output was slow. From then on, the couple gradually switched to raising fish. "At first, the amount of money my family borrowed from the social policy bank was 30-40 million VND and gradually increased the current loan amount to 100 million VND" - Ms. Hai said. See more...
