BẢN TIN KINH TẾ NGÀY 01/11/2020

1. The price of green vegetable market in Ho Chi Minh City has been
raising due to rainstorms
Continuous and prolonged rainfall, combined with the effects of consecutive
storms in the central provinces in recent days has affected food supply,
especially green vegetables in Ho Chi Minh City, causing this product to
continuously increase prices. On October 28th, the price of green vegetables
and fruits are recorded in the retail markets of Ho Chi Minh City, which has
increased 2-3 times compared to previous months. According to the
management of wholesale markets in Ho Chi Minh City, the increase and
decrease in the price of vegetables and tubers must be calculated every day due
to dependence on the source of goods on the nightly markets.

https://m.cafef.vn/thi-truong-rau-xanh-tai-tp-ho-chi-minh-tang-gia-vi-anh-
huong-mua-bao-20201028120157475.chn
Tạ Tú
2. Vietnamese goods against FTAs: Keeping "home field"
EVETA is one of FTAs being effectively utilized by businesses.
The fact that Vietnam opens its market to goods and services from EVFTA's
partner countries has made the domestic market no longer a "home yard"
concept.
To both take advantage of opportunities to increase export turnover and occupy
the domestic market first. Each industry should have a specific strategy to
dominate the market when Vietnam integrates deeply with the world economy.
Thu Trâm
3. Vietnam has emerged as an attractive investment spotlight for FDI
In the race of becoming “the tiger of Asia”, the FDI of Vietnam reached more
than 6% of Gross Domestic Product (GDP). Explaining for the successful in
appealing FDI, the article supposed that the investment policies, industrial
zones, and an abundant supply of young labor (60% of the population) have
BẢN TIN KINH TẾ NGÀY 01/11/2020

helped Vietnam become an attractive destination for investors. Vietnam has hit
a high record of $ 16.12 billion - an increase of 81%. Even during the COVID-
19 epidemic crisis, the Vietnamese economic status has been remaining stable.
Hoàng Châu
4. Welcoming the "super container vessel", Cai Mep is on the Top 20
largest ports in the world

The Margrethe Maersk container ship is one of the largest-capacity vessels in

the world.
Margrethe Maersk container ship - one of the largest container ships in the
world today has a tonnage of 214,121 DWT, with the capacity of more than
18,300 TEU, nearly 400m long, 59m wide.

With this event, CMIT has become one of about 20 major ports in the world
capable of receiving vessels of this size, contributing to confirm the position of
the Cai Mep - Thi Vai Port on the global marine traffic map

Read more at: https://haiquanonline.com.vn/don-sieu-tau-container-cai-mep-

vao-top-20-cang-lon-nhat-the-gioi-135791.html
Cát Tường
5. IATA : Global revenue of the airline industry plummet in 2021.
October 27th , IATA forecasts that global revenue of the airline industry in
2021 will decrease by 46% compared to 2019, the time before the outbreak of
COVID-19.
The General Director of IATA also warned that if the aviation crisis continues
to prolong, about 1.3 million jobs in this industry are at risk and potentially
adversely affect millions of other workers.
See more at : https://vtv.vn/kinh-te/iata-doanh-thu-nganh-hang-khong-the-gioi-
giam-manh-vao-nam-2021-2020102816404761.htm
BẢN TIN KINH TẾ NGÀY 01/11/2020

Translator Nguyen Phuong Thao.

6. The foreign exchange rate on October 30th: USD rate kept rising

The exchange rate on October 30th evolved in the direction of USD in the
international market and continues to soar in the context of increasing
instabilities in the financial markets and a decline in the euro because of Covid-
19.

The Euro weakened rapidly because the investors were afraid that the regional
economy would hardly recover when Covid-19 continued to spread with the
second wave of infections in the upcoming winter. France has just imposed the
second complete blockade while many European countries have issued different
levels of the blockade.

In the latest statement, the European Central Bank (ECB) decided to keep the
monetary policy but signaled a change in its meeting in December. Besides,
Europe is likely to expand its stimulus program at the end of the year. This is
the factor pushing the regional currency down.

Closing the session on October 29, the Euro rate stood at 26.823 dongs (buy)
and 27.909 (sell). Pound rate: 29.649 VND (buy) and 30.578 VND (sell). The
Japanese Yen rate was at VND 216.8 (bought in) and VND 225.8 (sold out).
Yuan was bought at 3.410 dongs and sold out at 3.517 dongs.

See more at: https://m.vietnamnet.vn/vn/kinh-doanh/ty-gia-ngoai-te-ngay-30-

10-usd-tiep-tuc-bat-tang-684850.html
Lam Uyên
BẢN TIN KINH TẾ NGÀY 01/11/2020