It is likely that the Yen will continue to increase in price
According to Lao Dong, last week, the USD/JPY exchange rate (US Dollar against Japanese Yen) decreased sharply and is currently trading near its lowest level in many months. This reflects the appreciation of the Yen and the decline of the US Dollar.
According to FXStreet, analysts from UOB Bank said that if the exchange rate continues to decline and breaks the important support level of 145.00, the USD will likely continue to weaken against the Yen.
According to the short -term assessment (24 hours), after the USD drops rapidly in the last two sessions, the exchange rate is now over -selling - that is, it is reduced too fast in a short time. Therefore, the possibility of further reduction today is not high. The USD is expected to fluctuate in the region of 145.20 - 147.50. However, if the exchange rate continues to maintain below 149.40, the weak trend of USD can continue.
In the medium term (1-3 weeks), UOB experts believe that the current decline may not stop, although the USD is in an over-selling state. See more...
Coffee industry in Dak Lak seeks new path due to high risk of tax
Mr. Tran Dinh Trong - Director of Ea Tu Fair Service Cooperative, in Buon Ma Thuot city - expressed concern at the news that the US will impose a 46% tax on Vietnamese goods.
Although it is not known specifically how much tax is applied to coffee, Mr. Trong said that this will affect the industry to some extent.
Currently, an order of an exporting unit to the US is being delayed by one month to wait for the negotiation results between Vietnam and the US. If the 46% tax rate is applied, the coffee industry will be greatly affected.
Mr. Trong said that the cooperative is willing to reduce prices, even accept that there is no interest, to keep partners. See more...
Strong bottom-fishing cash flow, stocks still under pressure
The stock market experienced the strongest decline in the past 3 years in the trading week, after receiving information about the tax rate of up to 46% applied by the US to Vietnamese goods.
The VN-Index has dropped by more than 100 points in just two sessions of the weekend, but was lucky to return to the 1,200-point threshold when bottom-fishing demand increased in the session on the weekend, April 4.
In total, at the end of the first trading week of April, the VN-Index decreased by 106.79 points (-8.11%), down to 1,210.61 points.
However, the positive highlight is that bottom-fishing cash flow is active and recorded two consecutive sessions of deep decline, which are also two sessions matching record high orders in the market. On average, the average liquidity on the HOSE floor last week reached 1,149 million shares, up nearly 46% compared to the previous week and the average trading value was VND 27,440 billion/session, up 46.32%. See more...
Son La seeks contractor for 15 billion VND waste treatment project
On April 5, information from the Office of the People's Committee of Son La province, the People's Committee of Son La province has just issued a decision approving the contractor selection plan for the Investment Project to build a domestic waste treatment area in Quynh Nhai district.
The project has a total investment of nearly 15 billion VND, of which the construction cost and equipment cost are about 12 billion VND, the rest is site clearance cost and other costs. The construction site of the project is in Muong Giang town, Quynh Nhai district. Project implementation progress from 2024 - 2025. See more...
