Yen continues to plummet
According to Lao Dong, on September 26, the Japanese Yen continued to weaken when the USD/JPY exchange rate jumped to 149.75 - the highest level in 7 weeks.
This is the second consecutive increase of the currency pair, driven by a series of stronger-than-expected US economic data.
The US Bureau of Economic Analysis said GDP grew 3.8% year-on-year in the second quarter, far exceeding the 3.3% forecast, thanks to steady consumer spending and sharp decline in imports. The core PCE index - a Fed-first inflation measure - also rose 2.6%, up from the forecast of 2.5%. See more...
Increasing durian growing area, export advantages with pressure on quality control
Weak liquidity, stocks cannot maintain upward momentum
Investors seem to still be cautious, even out-of-pocket cash flow has continued to increase, causing market liquidity to disappear.
The VN30 group fluctuated more strongly towards the end of the session on September 26, especially in some banking stocks when they extended their downward momentum, with TPB leading with a decrease of 3.1% to VND 18,800, HDB decreasing by 2.7% to VND 30,150. SSI followed when it lost 2.6% to VND38,000 and VJC decreased 2.5% to VND132,500.
On the contrary, VIC shares were the strong and almost the only support when they increased by 3.8% to VND 164,000, contributing more than 5.5 positive points to the VN-Index.
At the end of the trading session on September 26, the VN-Index decreased by 5.39 points, down to 1,660.7 points. Total trading volume reached more than 958.8 million units, worth VND 26,709.2 billion, down slightly in both volume and value compared to the session on September 25. See more...
Vinh Long tightens inspection and control of smuggling and counterfeit goods
Mr. Tran Quoc Tuan - Director of the Department of Industry and Trade of Vinh Long province - said that in the first 9 months of the year, functional forces in the province organized nearly 4,400 inspections and controls, contributing to improving the effectiveness of market management.
Through inspection, the authorities discovered 656 violations, including 4 cases of particularly serious banned goods, which are drugs, drifting ashore, without identifying the owner, causing many difficulties in handling. For the remaining cases, the authorities have administratively sanctioned 652 violations, forcing more than VND 26.5 billion to be paid to the state budget.
According to Mr. Tuan, the main violating items are cigarettes, river sand, household appliances, fertilizers, phone accessories, motorbike spare parts, clothes, etc. These are areas that are often exploited, greatly affecting the market and consumer rights. See more...
