Wednesday , November 27 2024

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Vietnam to speed up foreign currency selling

Vietnam to speed up foreign currency selling

The State Bank of Vietnam is set to increase the frequency of currency selling amid rising U.S. interest rates, which have strengthened the greenback. With a foreign exchange reserve of over $100 billion, the central bank will continue to sell its foreign currency to stabilize the market, Pham Chi Quang, …

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Gasoline price rises 1.5 pct

Gasoline price rises 1.5 pct

Vietnam’s RON 95 gasoline price increased by 1.54 percent Tuesday to a new record of VND32,870 ($1.42) per liter, having risen by 41 percent so far this year. This was the seventh increase in a row since mid-April of the popular gasoline, which accounts for 70 percent of total fuel …

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South Korea launches domestically-developed space rocket

South Korea launches domestically-developed space rocket

South Korea launched its first domestically-developed space rocket on Tuesday, the government said, the country’s second attempt after a launch last October failed. The Korea Satellite Launch Vehicle II, a 200-tonne liquid fuel rocket informally called Nuri, lifted off from the launch site in Goheung at 4:00pm (0700 GMT). “Nuri …

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