Gold prices drop, people still line up to buy even though gold shops sell small drops
Watermelon crop failed, farmers in Quang Binh suffered heavy losses
Viet Trung Farm Town is the "melon growing capital" of Bo Trach District (Quang Binh Province) with a planting area of over 240 hectares, gathering 140 participating households. These days, instead of the bustling atmosphere of the crop like every year, melon growers can only sighed. Many melon fields withered, their fruits were small, and their output decreased sharply.
In the melon field of Mr. Phan Tuan Anh's family (Quyet Tien residential group), melons are only growing sparsely, each fruit is less than 2kg, some trees have withered.
He said that his family invested 100 million VND in 1ha of watermelon but the yield this year was only about 6 tons/ha, down more than 70% compared to last year.
With the current selling price ranging from only 3,000 - 5,000 VND/kg, he estimated a loss of about 50 million VND, not including the couple's labor.
"melon flowers and is pollinated in the right time of cold weather, prolonged rain makes the plant susceptible to pests and diseases, making it difficult to produce fruit. The beans are stunted and do not grow" - Mr. Tuan Anh said sadly. See more...
Yen faces many disadvantages
According to Lao Dong, on May 7, the Japanese Yen (JPY) depreciated against many major currencies, due to investors' optimism about the positive results from the trade negotiation round between the US and China.
As the market expects the world's two largest economies to reach a deal, demand for safe-haven assets such as the Yen has fallen significantly.
According to FXStreet, US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer are expected to meet Chinese Deputy Prime Minister He Lap Phong in Switzerland this weekend for talks. Bessent has previously said the Trump administration could announce new trade deals with major partners this week, raising market expectations and helping to boost investor confidence.
At the same time, uncertainty about when the Bank of Japan (BoJ) will continue to raise interest rates also puts pressure on the Yen. See more...
Vinh Airport reduces the time of temporary suspension compared to the plan
On May 7, information from Vinh International Airport said that the unit will adjust the temporary suspension to July 1, 2025 to serve the work of synchronously renovating and upgrading technical infrastructure items. However, this time frame still needs official approval from the Civil Aviation Authority of Vietnam.
During the waiting period for closure, especially in May and June 2025, Vinh airport will continue to operate normally to serve the travel needs of passengers.
Vinh International Airport will simultaneously implement two important renovation projects: expanding the aircraft parking area and upgrading the domestic terminal. See more...
