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Reference exchange rate continues downward trend | Business

Illustrative image (Photo: VNA) Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,164 VND per USD on August 5, down 2 VND from the previous day. With the current trading band of /- 3 percent, the ceiling rate applied to commercial banks during the day is 23,860 VND/USD and the floor rate is 22,468 VND/USD. The rates listed at major commercial banks saw an upward trend. At 8:30 am, BIDV added 30 VND to the selling rate, listing at 23,040 VND/USD, and kept the buying rate unchanged from August 4, listing at 22,810 VND/USD. Meanwhile, Vietcombank listed the buying rate at 22,810 VND/USD and the selling

Nine global agritech entrepreneurs supported to scale solutions in Vietnam | Business

GRAFT Challenge Vietnam is designed to give promising innovators from around the world necessary support to scale into Vietnam with effective solutions for agrifood challenges. Applicants competing in the challenge came from 16 countries, including the US, Israel, Australia, India, and Thailand. Proposed solutions included integrated IoT solutions to improve water quality in local aquaculture systems; microbial solutions for environmentally-friendly crop health management; and microclimate monitoring and control systems for safer and more energy-efficient piggeries. “Agrifood is a priority sector for Australia’s development efforts in Vietnam, and we believe these companies have the potential to kickstart a wave of agricultural innovation in the country,” said

VN-Index gains with sustained foreign buying spree - VnExpress International

VN-Index gains with sustained foreign buying spree By Dat Nguyen   August 4, 2021 | 04:08 pm GMT+7 An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran. Vietnam’s benchmark VN-Index rose 0.17 percent to 1,334.74 points Wednesday with foreign investors net buying for the fourth straight session. The index was in the green most of the day and closed with a 2-point gain, its eighth consecutive rising session. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 1 percent to VND21.28 trillion ($926 million). Foreign investors were net buyers for the fourth session in a row to the tune of VND830 billion, highest since July 12. They focused on VHM of real estate giant Vinhomes and STB of Ho Chi Minh City-based lender Sacombank.

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