Tag: transformer substations

The proposed merger of Dak Nong and Binh Thuan provinces with Lam Dong will create a new powerhouse province with an unparalleled treasure trove of mineral resources. With a vast array of precious minerals, this new entity is set to become the nation's foremost mineral-rich region. To facilitate further development and investment in the region, the local authorities have proposed retaining 50% of the revenue generated from mineral and energy resources. This retained revenue will be utilized for reinvestment, fostering sustainable growth, and ensuring the region's long-term prosperity.

The morning witnessed a unanimous drop in USD exchange rates across banks, with fluctuations more pronounced than previous sessions. Domestic gold prices also took a hit, plunging by 2 to 2.5 million VND per tael.

Foreign transactions continue to be a bright spot, extending the net buying streak. Foreign capital inflows into the banking group, with MBB leading the way with net purchases of over 554 billion VND, followed by SHB with over 292 billion VND, and VPB, BID, STB, and LPB also among the top performers.