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Business Briefing Gold rate: VND 67 million/tael Aviation news: Only 40% of international air routes resumed Import-export: Foreign trade value up 6.1% year-on-year in July Banking news: Russian bank launches money transfers to Vietnam in dong Weather Forecast The hot weather in the North and Central regions is still likely to continue until early August. |
Business Briefing
Gold rate
Domestic gold prices increased sharply yesterday following the trend of world gold prices. Accordingly, the 9999 gold price listed by Saigon Jewelry Company (SJC) in Hanoi increased by up to VND 700,000/tael in both buying and selling directions compared to the previous session.
Today (July 30), the price of gold bars continued to increase. At the opening session, the gold price was traded by SJC at VND 65.80 – 66.82 million per tael (buy in – sell out). Thus, the price in the early morning increased by VND 100,000 per tael in both transactions. At 10:20 am, the price was adjusted up again, officially reaching the milestone of VND 67 million/tael (selling).
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| Photo: Zing |
Aviation news: Only 40% of international air routes resumed
Only around 40% of international routes have been restored as compared with the pre-pandemic level, Dinh Viet Thang, head of the Civil Aviation Authority of Vietnam (CAA), told a meeting held by the Ministry of Transport in Hanoi on July 29. Thang said Vietnam expects to resume all of the routes by the year’s end. However, these efforts have been hindered as the spread of monkeypox has prompted countries to tighten rules.
Meanwhile, up to 80 percent of domestic flights have been restored so far, he said, adding that in July which marks the peak summer holiday season, the domestic aviation market grew 5% month-on-month and 38% against the pre-pandemic level. Vietnamese airports served nearly 12 million passengers in July, of which 10.6 million are domestic, up more than 40%, and the rest are foreign, down 65%.
The amount of cargo handled at the airports was 119,000 tonnes, a drop of 9.3%, according to the official. Minister of Transport Nguyen Van The stressed the need for due attention to flight security and safety as the rainy season has begun, solutions to deal with delays and cancelations, and stepped-up inspections at airports.
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| Photo: Zing |
Import-export: Foreign trade value up 6.1% year-on-year in July
Total export-import turnover in July reached USD 60.36 billion, up 6.1% year-on-year but down 6.8% month-on-month, according to the General Statistics Office of Vietnam (GSO). Of the figure, the export value was USD 30.32 billion, up 8.9% year-on-year but down 7.7% compared to the previous month.
Meanwhile, import turnover in the month reached an estimated USD 30.3 billion, 3.4% higher than the same period last year but dropping 6% from the previous month. In the period from January – July, the country’s export-import turnover hit an estimated USD 431.94 billion, up 14.8% year-on-year, the office said.
Vietnam earned USD 216.35 billion from exports while spending USD 215.59 billion on buying goods from abroad in the period, representing year-on-year increases of 16.1% and 13.6%, respectively. A trade surplus of about USD 21 million was recorded in July, pushing the total in the first seven months of 2022 to USD 764 million.
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| Photo: Zing |
Banking news: Russian bank launches money transfers to Vietnam in dong
VTB Bank, a Russian majority state-owned bank servicing the country’s foreign trade operations, launched money transfers to Vietnam in Vietnamese dong on July 27. The new service allows customers to send money abroad using bank details during the day. The service is available to individuals and legal entities, according to the bank’s message.
Customers are able to use the VTB Online money transfer service. The maximum amount of one transaction is RUR 20 million (USD 330,715), but not more than 1 million in USD equivalent per month, and the commission is 1% of the transferred amount.
Funds are credited to the recipient’s account in Vietnam during the day. Cross-border transfers are available both for the benefit of individuals and legal entities in compliance with the requirements of currency legislation. Earlier, VTB launched money transfers to neighboring countries – Azerbaijan, Armenia, Belarus, and Kazakhstan.
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| Photo: Zing |
Weather Forecast
The hot weather in the North and Central regions is still likely to continue until early August. In the period from August 1 to August 10, the total rainfall in the North and North Central regions is predicted to be15-30% lower, in the Central Central region is 15-30% higher; and in the South Central Coast is 30-50% higher. From August 11 to August 20, the common average temperature nationwide tends to be 0.5 – 1.0 degrees Celsius higher.
Weather observers work for the most complete and accurate forecast
NDO – Despite their crucial role, not everyone is aware the silent dedication of weather observers, who have to overcome many difficulties to fulfil their tasks at work each day.
Over 14,000 tonnes of dragon fruit exported to China via Lao Cai border gates
More than 14,000 tonnes of dragon fruit were exported to China from February 10-17 (the seven-day Lunar New Year holiday) through border gates in the northern province of Lao Cai, according to the provincial Border Gate Customs Sub-Department.
Vietnamese expert calls for enhancing community resilience to deal with natural disasters
In October 2020, according to the National General Statistics Office, central Vietnam was hit by four tropical storms with heavy rains and landslides that killed 129 people and damaged more than 111,200 houses. Even though the local people are no strangers to killer tropical storms, Nguyen Ngoc Huy, a Vietnamese international expert and senior advisor for Oxfam on climate change, believes more needs to be done in order to save lives and property after natural disasters.
Vietnamese lychees make it onto UK supermarket shelves
Vietnamese lychees have hit UK supermarket shelves under the UK – Vietnam Free Trade Agreement (UKVFTA) and have found favour thanks to their rich aroma and sweetness.
The North has a peak of 39 degrees Celsius
The North entered two days of peak heat when the common high temperature was 35-38 degrees Celsius, some places were over 39 degrees Celsius. From July 20, the area will reduce heat and may appear thunderstorms.
