Hanoi (VNA) – The State Bank of Vietnam (SBV)’s net purchase of foreign currencies exceeded 11 billion USD in the first half of 2018, increasing the nation’s foreign exchange reserves to approximately 63.5 billion USD. The figures were announced by SBV Governor Le Minh Hung at an online conference between the Government and localities held in Hanoi on July 2. He said the SBV has carried out a flexible currency policy to stabilise the average interest rate. The average lending interest rate was reduced by 0.5 percent over the January-June period. Meanwhile, credit grew approximately 6.9 percent from 2017, with its structure occupied mainly by those lent to the processing-manufacturing sector (16.3 percent) and rural agriculture (21 percent), as well as small- and medium-sized businesses (nearly 7.1 percent). Hung stressed that the credit structure has been shifting towards supporting the development of special production areas like export, rural farming, and the … [Read more...] about Foreign exchange reserves hit 63.5 billion USD
Drought hit areas of maharashtra
Mr. Quach Van Ngoan, a farmer in Long Binh Commune in Long My Town in Hau Giang Province, said that his family has 4,000 square meters of rice. He finished harvesting and already sold all his paddy more than 10 days ago for VND5,200 per kilogram as farmers needed money to cover necessary expenses and daily expenses. Farmers in the Mekong Delta have mostly finished harvesting the winter-spring rice crop. Most farmers harvested and sold paddy when the prices were at high levels. Currently, paddy is in warehouses of export enterprises, rice mills, and traders. Enterprises need to export rice in a certain volume. In the past weeks, arguments were raised on social networks and some media on keeping or suspending the export of rice. It is important to consider and calculate the volume and time of export. According to a report by the Vietnam Food Association, by March 27 this year, the total amount of undelivered signed contracts was nearly 1.6 million tons of rice. Of which, the … [Read more...] about Mekong Delta provinces expect good summer-autumn rice crop
Ca Mau (VNA) - More than 43,500 ha of forest in the Mekong Delta province of Ca Mau is at high risk of fire during the existing dry season, which began in November and will last until the end of May, according to the province’s Forest Protection Sub-department. The province has raised its warning to the fifth level - the highest - the sub-department said, adding that areas facing the most danger are those with cajuput and acacia trees. The drought has become more severe now as many canals are running dry, making it difficult to extinguish fires. Ca Mau has prepared itself by creating a forest fire prevention plan focusing on a “four-on-the-spot” strategy, but the most challenging issue is that it does not have sufficient water reserves to fight fires, according to the head of the sub-department, Le Van Hai. Water levels in local canals now average just 0.9 meters and have fallen to 0.3 meters in some areas, Hai noted. His unit has requested forest owners and … [Read more...] about Forest fire warning in Ca Mau increased to highest level
More than half of India's workforce engages in farming, while agriculture contributes some 16% to the country's GDP. India is one of the world's largest producers of crops like rice, wheat, sugarcane, cotton, vegetables and milk. Now there are concerns that stopping farm activity will not only end up hurting farmers and labourers but also affect food security. … [Read more...] about Will coronavirus lockdown cause food shortages in India?
Addressing the handing-over ceremony at the Xa Mát international border gate in the southern province of Tây Ninh’s Tân Biên District, Major General Nguyễn Trường Thắng, Vice Commander of Military Region 7, wished Cambodian generals, officers, soldiers, and their families well on the occasion of the upcoming Khmer new year festival. … [Read more...] about Việt Nam’s Military Region 7 presents medical equipment to Cambodian army