Philippine peso to usd

The Philippines on Wednesday condemned the "cowardly action" of a suspected Chinese fishing vessel accused of abandoning a Filipino fishing crew after a collision in the East Vietnam Sea, while thanking a Vietnamese ship for coming to the fishermen’s aid. The Chinese ship on Sunday hit a Filipino craft anchored near Reed Bank causing it to sink and leaving 22 crewmen "to the mercy of the elements," Philippine defense secretary Delfin Lorenzana was quoted by AFP as saying in a statement on Wednesday. "We condemn in the strongest terms the cowardly action of the suspected Chinese fishing vessel and its crew for abandoning the Filipino crew," Lorenzana said. "This is not the expected action from a responsible and friendly people." Lorenzana called for an investigation into the collision, and for "diplomatic steps" to be taken toward preventing a repeat of the incident. However, Philippine defense department spokesman Arsenio Andolong told AFP the agency had yet to confirm … [Read more...] about Philippines thanks Vietnam for rescuing sinking crew abandoned by ‘cowardly’ Chinese boat

Vietnam needs over US$128 billion for power investment next 10 years A drone is used to inspect a power transmission system in Vietnam. The country will need an estimated US$128.3 billion for developing the power system in the next decade The Institute of Energy, under the Ministry of Industry and Trade, on February 22 continued to collect feedback over the plan from the relevant agencies. According to the plan, during the 10-year period, Vietnam will need to pour some US$12.8 billion on average into the power sector per year. The total investment for the following 15 years from 2031 to 2045 will be some US$192 billion, including some US$140 billion for power sources and US$52 billion for the grid. The draft zoning plan also revealed that Vietnam will continue to import electricity from China, Laos and Cambodia in the next 10 years. The State-run Vietnam Electricity Group is purchasing electricity from China through two 220kV power lines, with 1.5 billion kWh of … [Read more...] about VIETNAM BUSINESS NEWS FEB. 26

At the event (Photo: baoquocte.vn) Washington D.C, (VNA) - The US will bolster support for countries in the Mekong subregion through the Mekong-US partnership, US Principal Deputy Assistant Secretary of State for the Bureau of East Asian and Pacific Affairs Atul Keshap said at a recent online seminar to reveal results of a report on transboundary rivers and addressing challenges in Mekong River. He said the support will focus on the management of transboundary water resources, regional economic connection, human resources development and response to non-traditional security challenges, including those in the health sector. The report was based on outcomes of a virtual Indo-Pacific conference on enhancing management of transboundary rivers hosted by the East-West Centre last October. Speakers at the event said that the Mekong subregion is facing challenges in security, development and climate change. Keshap expressed the US ’s concerns over impacts of hydropower dams … [Read more...] about US pledges to enhance cooperation with Mekong subregion’s countries

In his interview granted to the press on the occasion of the European Council’s June 25 decision to entrust the European Commission to sign the two deals with Vietnam in Hanoi on June 30, the diplomat said that they are the first new-generation trade and investment deals that the EU has reached with a middle-income country. The deals, once signed and ratified, will bring about huge benefits to both sides, as their economic products do not compete, but complement each other. With 99 percent of tariff lines to be removed, the EVFTA will create favorable conditions for Vietnam’s goods to access the 512-million-consumer EU market. Two-way trade hit USD 55 billion in 2018 and will surely surge in the time ahead, Quang said, adding that European enterprises will also intensify investment in Vietnam, especially in the fields the EU has strength such as high technology, clean energy, finance-banking, transportation and logistics, thus helping Vietnam in economic restructuring and growth … [Read more...] about EU-Vietnam trade, investment deals – important to both sides: diplomat

Great power comes from a small grain of rice On January 26, Vinaseed's shipment of 60 tonnes of premium fragrant rice, imported by Longdan in the UK, hit the shelves of the supermarket chain with a retail price of up to £15.5 (VND465,000) per 10 kg. Longdan is the first enterprise to import rice from Vietnam after the UK - Vietnam Free Trade Agreement (UKVFTA) took effect. In the near future, there will be many enterprises importing Vietnamese rice under the agreement. Previously, on January 13, the first batch of 1,600 tonnes of rice, opening the 2021 export season of the Trung An Hi-tech Farming Joint Stock Company, was sent to Singapore and Malaysia at a price that could not be better, of up to US$750 per tonne. Pham Thai Binh, Director General of Trung An Hi-Tech Farming JSC, said the two types of rice exported in the shipment were Jasmine 85 fragrant rice and Huong Lai fragrant rice; of which, 450 tonnes of Jasmine 85 went to Singapore at US$680 per tonne and 1,150 tonnes … [Read more...] about From saving hunger to world’s best rice title