KTFA: Vietnam

Henig:  Moc Chau, a four-season destination

06:00 | 07/01/2023

(VEN) - Moc Chau Plateau, located in the northern mountainous province of Son La, about 180km north west of the capital Hanoi, has long been considered one of Vietnam’s most attractive destinations, especially when the plum trees blossom early in the year.

Moc Chau is cool and beautiful all year round. The pine forests in Ang Village, the Mu Nau plum valley, sunflower gardens, Moc Chau Tea Hill, Chieng Khoa, Fairy and Dai Yem waterfalls, Grassland 68, Bach Long (White Dragon) glass bridge, and Pha Luong Peak should not be missed.

When the spring sun shines on Moc Chau, the typical flowers of the northwest mountains race to show off, painting the landscape with white apricot flowers, plum blossoms, bright pink peach blossoms, brilliant yellow cabbage beds, and young green buds.

KTFA:  Vietnam

Henig:  Nghe An Province increases local content of industrial products

06:00 | 06/01/2023

(VEN) - Nghe An is one of the chosen destinations of large international investors shifting their supply chains to Vietnam, providing businesses in the north-central province with access to new opportunities for support industry development.

The Nghe An industry and trade sector has set specific goals, aiming for an average annual growth rate of 12-13 percent in support industry production value, accounting for more than 20 percent of industrial production value by 2025 and gradually increasing in the future. The industry will also enhance investment, especially foreign direct investment (FDI), to encourage rapid domestic support industry growth.

According to a draft report on the development of support industries in Nghe An Province, by 2025, the province will aim for domestic support industry companies to account for 10-12 percent of the total number of firms and for 20-30 support industry enterprises to participate in corporate supply chains.

KTFA: 

Clare:  For the first time.. The Central Bank of Iraq's dollar sales are devoid of foreign remittances

1/05/2023

The Central Bank's sales of dollars in an auction today, Thursday, were devoid of any external transfers, so sales were limited to cash only.

Shafaq News agency reporter stated, "The Central Bank sold today, during its auction for buying and selling the US dollar, 43 million and 500 thousand dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar.

Our correspondent added that sales were limited to cash only, which amounted to 43,500,000 dollars, while sales were devoid of any foreign transfers.

Our correspondent indicated that the banks that bought the cash dollar amounted to 21 banks. LINK

KTFA:

Clare:  Government movement to complete the requirements for Iraq's accession to the World Trade Organization

1/04/2023

Baghdad - Conscious - Nassar Al-Haj 

Today, Wednesday, the Ministry of Commerce detailed its plan to complete the requirements for Iraq's accession to the World Trade Organization.

The media center in the ministry stated, to the Iraqi News Agency (INA), that "the committee concerned with Iraq's accession to the World Trade Organization, headed by the Minister of Commerce and membership of representatives of ministries and agencies, as well as representatives from the private sector, is working to complete the requirements for Iraq's accession to the organization."

 KTFA:

Clare: Where are the Iraqi oil revenues deposited? Sudanese advisor answers

01/01/2023

Today, Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, clarified regarding depositing the revenues1/ obtained for Iraq from the sale of oil.

Saleh said, “(Externally) and according to Security Council Resolution 1483 in May 2003, the revenues of the Ministry of Finance from crude oil, gas, exported derivatives, and other funds are deposited in the Federal Reserve Bank in New York, all of which are deposited in an account called DFI or its current alternative, Iraq/2, which is held by The Central Bank of Iraq, on behalf of the state, to deduct the compensation for the Kuwait war, which ended more than a year ago, from crude oil, derivatives, and gas (if any). Iraq/1".

KTFA: Vietnam

Henig:  FDI disbursement exceeds US$20 billion

06:00 | 01/01/2023

(VEN) - Foreign direct investment (FDI) disbursement reached more than US$20 billion in 2022 - the highest level in five years, aiding post-pandemic recovery.

Renewed trust

In the first 11 months of 2022, FDI disbursement reached US$19.7 billion, up 15.1 percent year-on-year. Economists forecast the sum would exceed US$20 billion or even reach US$21-22 billion by year’s end.

Nguyen Van Toan, Vice President of the Vietnam Association of Foreign Invested Enterprises, said the 11-month FDI disbursement result was impressive, especially in the context of a slowdown in registered capital.

KTFA:

Henig:  The rise in world oil prices

Baghdad / NINA / - Oil prices rose today, Friday, and are on their way to achieving gains for the second year in a row.

Brent crude futures rose 44 cents, or 0.5%, to $83.9 a barrel, after falling 1.2% at settlement in the previous session.

West US Intermediate crude reached $78.88 a barrel, up 48 cents, or 0.6%, after it closed down 0.7% on Thursday.    LINK

KTFA:

Clare:  Finance: The resumption of working hours for the staff of the budget and accounting departments during official holidays

12/30/2022

The Ministry of Finance announced the resumption of working hours for the staff of the Budget and Accounting Departments during official holidays.

A statement by the ministry stated: “The cadres of the budget and accounting departments in the Ministry of Finance continue to work on official days (Fridays, Saturdays and Sundays), in order to complete the audit procedures related to fixing the contracts segment in state departments and political dismissals and completing compensation for victims of terrorism and war operations, in addition to the continuation of the accounting department with financing procedures.