24h Economy: Discovering two smuggled food businesses in Hanoi

Phương Anh |

Discovering two smuggled food businesses in Hanoi; Yen suddenly decreased... are notable economic news in the past 24 hours.

Discovering two smuggling food businesses in Hanoi

Information from the Hanoi Market Management Department (QLTT), on October 9, Market Management Team No. 22 under the Hanoi Market Management Department inspected two food businesses in Phu Thuong and Phu Dien wards.

The inspection results showed that both establishments had serious violations in business activities, related to not registering business in accordance with regulations and trading in smuggled goods.

Accordingly, at Ling Ling snack business household (address 12, alley 353/38/21 An Duong Vuong street, Phu Thuong ward, Hanoi), the owner did not register to change the content of the Business Registration Certificate according to regulations.

Xu phat gan 70 trieu dong hai co so kinh doanh thuc pham nhap lau o Ha Noi. Anh: Chi Cuc QLTT Ha Noi
Fining nearly 70 million VND to two smuggled food businesses in Hanoi. Photo: Hanoi Market Management Department

At the time of inspection, this facility was still trading 125 units of smuggled frozen food products, without legal invoices or documents. The total value of the infringing goods was determined to be 36.25 million VND. The authorities have drawn up a record of an administrative fine of 37.5 million VND and forced the destruction of all violating goods. See more...

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Queuing from the early morning to buy silver, many people still go home empty-handed

Recorded by Lao Dong reporter on October 16, domestic silver prices continued to increase sharply. At some silver shops in Hanoi, people's demand for silver is increasing. This has caused many stores to be overloaded, limiting the amount of silver sold or temporarily suspending transactions.

Ngay 16.10, nhieu nguoi xep hang truoc cua hang vang bac tai Ha Noi de cho mua. Anh: Phuong Anh
On October 16, many people lined up in front of a gold and silver shop in Hanoi waiting to buy. Photo: Phuong Anh

At the Ancarat silver gold shop on Xa Dan street (Dong Da district, Hanoi), Ms. Bui Thi Mai (Bach Mai ward, Hanoi) said she had been present since 7:30 a.m. to queue up to buy silver.

"I arrived at 7:30 am. At around 8:30 a.m., the staff announced that each person could only buy a maximum of 5kg. About half an hour later, the goods were out of stock, many people who came later had to return" - Ms. Mai said.

Ms. Mai said that because she did not have enough silver to buy, she would continue to wait in line the next day. See more...

Yen suddenly drops

According to Lao Dong, on October 16, the Yen (JPY) weakened after the increase in previous sessions, causing the USD/JPY pair to increase above 151.00.

Investors believe that domestic political instability could delay the Bank of Japan (BoJ)'s interest rate hike, reducing safe-haven demand for the Yen.

Dong Yen giam nhe sau da tang cac phien truoc. Anh: Phuong Anh
The Yen decreased compared to previous sessions. Photo: Phuong Anh

According to FXStreet, in Japan, the alliance between the Liberal Democratic Party (LDP) and the Komeito Party has broken down, making it difficult for Sanae Takaichi to become the first female Prime Minister. See more...

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Fining nearly 70 million VND to two smuggled food businesses in Hanoi

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